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Sports Nutrition Market Will Touch $78.3 Billion Revenue by 2030

10-12-2023 12:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Sports Nutrition Market Will Touch $78.3 Billion Revenue by 2030

Sports nutrition aids in maximizing the training's advantages. It aids in maintaining and achieving body weight as well as speeding up exercise recuperation. Additionally, it facilitates a quick recovery from damage to the body.

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The first requirement for sports nutrition meals or supplements is the aim to obtain a healthy, lean, or well-built structure. Sports lovers and fitness fans are becoming more and more interested in sports nutrition. Due to lifestyle consumers seeking to build energy and muscle, the need for sports nutrition has grown.

In addition, there is a need for sports nutrition since customers use these products to increase their energy levels, muscle strength, and general health. Senior folks are becoming more and more interested in sports nutrition.

By 2030, the sports nutrition market will grow to 78.3 billion dollars. This expansion may be largely attributable to the expanding demand from the sports sector, the growing emphasis on improving physical health, the growing involvement in sports activities, and the rise in the number of international competitive sporting events.

The demand for products is bolstered by athletes' growing use of health supplements. With the aid of these items, athletes may train to the fullest extent of their abilities, recover from workouts and contests more quickly, keep a healthy weight under control, compete consistently, and reduce their risk of injury.

Additionally, it is predicted that growing consumer knowledge of the advantages of supplements and the rising prevalence of lifestyle disorders like obesity would increase sales of nutrition goods.

Moreover, a variety of formulations, such as bar, gel, ready-to-drink, and powder, would be readily available, driving the business. Additionally, producers are enhancing the nutritional value of ready-to-drink beverages by adding tastes and additions, including caffeine, natural ingredients, and lower sugar content.

Additionally, the rising consumer demand for probiotics, vitamins and minerals, meal replacements, weight-management products, and during-workout supplements, as well as the rising acceptance of supplements among people who lead active lifestyles, will encourage market expansion in the near future.

High Supplement Consumption in Powdered Form

The highest sales share belongs to the powder category. This is due to the widespread use of protein powder.

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As a consequence of advancements in the powdered form of supplements, such as powder that produces thick shakes to help athletes sustain longer by supplying concentrated nutrients and the insertion of active ingredients to powder composition, the usage of nutrition powder by sportsmen and fitness enthusiasts is expanding.

Adults Use Nutrition Products the Most

The adult group dominates the sports nutrition market. This is explained by the high proportion of customers who fall within the 18-64 age range. Customers in this age range are also very active in sports and fitness activities.

The need for women's nutritional supplements in this age bracket is being driven by the growing number of working women. The use of sports supplements is also expanding as a result of greater disposable money and increasing concerns about leading healthy lives.

About P&S Intelligence

P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
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