Sports Nutrition Market Revenue Growth Analysis 2025 with Top Key Players GlaxoSmith & Kline Plc, Maximum Human Performance LLC, Glanbia Nutritionals, Optimum Nutrition (ON), Bio-Engineered Supplements

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.

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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.

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.

Among product type, the sport drinks segment accounted for the largest market share in 2016 and is expected to retain its dominance over the forecast period. Sport nutrition drinks are preferred by consumers, owing to increasing promotion of such drinks as healthier alternative to soda and mental and physical benefits associated with the consumption of sports drinks. Electrolytes and carbohydrates prove beneficial in energizing those engaged in physical activities such as football and marathon training. Sports drinks reduce fatigue and replace electrolytes that are lost in sweat during sport activities. However, excess consumption of sports drinks can result in tooth decay, as it contains citric acid, which causes erosion of tooth enamel. Moreover, the presence of carbohydrates can result in excessive calorie intake, which results in increasing incidences of obesity among adolescents. Health conscious consumers are looking for alternatives for sport drinks, which in turn, is expected to hamper growth of the market.

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.

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.

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Detailed Segmentation:

Global Sports Nutrition Market, By Product Type:

Sport Drinks
Sport Foods
Sport Supplements

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