Sports Nutrition Market | Top Key Players are GlaxoSmith & Kline Plc, Maximum Human Performance LLC, Glanbia Nutritionals, Optimum Nutrition, Abbott Nutrition, PepsiCo

Sport nutrition products comprises of sport drinks, food, and supplements which are rich in essential nutrients such as proteins, vitamins, minerals, and carbohydrates. These products are mainly consumed by athletes and bodybuilders to replenish nutritional requirements pre and post work-out. Moreover, other than athletes and bodybuilders, recreational and lifestyle users also use sport nutrition products to enhance physical and mental performance. Increasing number of sport clubs and fitness center driven by grooming trend in both youngsters and adults are expected to fuel demand for sport nutrition products over the forecast period.

Market Dynamics

The increasing focus on developing sport infrastructure along with the favorable government initiatives to promote sport activities across region is projected to fuel growth of the global sports nutrition market over the forecast period. North America held the largest share in 2016 and is expected to retain its dominance over the forecast period. This is mainly due to large presence of manufacturers of sport nutrition products in the region. However, Asia Pacific is expected to witness the fastest growth rate during the forecast period, owing to increasing fitness awareness fuelled by rapid adoption of the western culture in emerging economies such as India and China among others. This in turn, is projected to fuel demand for sport nutrition products in the region during the forecast period. Owing to increasing utilization of functional sport drinks as a readily available instant source of energy, sport drinks segment is expected to hold dominant position in the global sports nutrition market over the forecast period.

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North America held a dominant position in the global sports nutrition market, accounting for a share of more than 30% in 2016 and is expected to retain its dominance over the forecast period. The sports nutrition market in North America was valued at US$ 9.53 billion in 2016, projecting a CAGR of 4.39% during the forecast period from 2017 to 2025. U.S. is accounted as the major contributor to the growth of the North America sports nutrition market. According to the National Collegiate Athletic Association (NCAA), in U.S., over 460,000 student athletes compete in more than 2 sports activities every year.

Asia Pacific is expected to be the fastest growing region, witnessing the highest CAGR of 8.21% during the forecast period. Countries such as China, Japan, South Korea, Malaysia, and India, are the major contributors to the growth of the market. According to a study by Coherent Market Insights, the global sports nutrition market was valued at US$ 27.85 billion in 2016 and is expected to witness a CAGR of 6.64%, in terms of revenue, during the forecast period from 2017 to 2025, to reach US$ 48.87 billion by 2025.

Major Players in the Global Sports Nutrition Market -

The major players operating in the global sports nutrition market include GlaxoSmith & Kline Plc, Maximum Human Performance LLC, Glanbia Nutritionals, Optimum Nutrition (ON), Bio-Engineered Supplements and Nutrition, Inc. (BSN), Abbott Nutrition, PepsiCo, Hormel Food Corporation, and GNC Holdings Inc.

Key players are strategically investing in the sports nutrition market to enhance their product sales through business strategies. For instance, in 2016, Maximum Human Performance (MHP) has introduced an all-new pro athlete team to showcase its revitalized flagship brand to young athletes across the globe, which is launched along with MHP’s fully transparent new formulations.

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