Sports Nutrition Market 2023 Analysis Of Production, Future Demand, Sales And Consumption Research Report To 2032

As per The Business Research Company's Sports Nutrition Opportunities And Strategies Market Report 2023, The global sports nutrition market reached a value of nearly $35,918.8 million in 2022, having increased at a compound annual growth rate (CAGR) of 8.4% since 2017. The market is expected to grow from $35,918.8 million in 2022 to $57,639.6 million in 2027 at a rate of 9.9%. The market is then expected to grow at a CAGR of 11.4% from 2027 and reach $99,025.2 million in 2032.

Increasing gym memberships are expected to contribute to the growth of the sports nutrition market during the forecast period. Sports nutrition comprises of post-workout supplements (whey protein and amino acids), used for muscle growth and recovery and pre-workout nutraceuticals (energy drinks and bars, carbohydrates and minerals), used for boosting energy levels, hydration, and increasing muscle strength For example, in September 2022, according to Gymdesk, a US-based gym management software providing a modern platform for member management, billing, class scheduling, and attendance tracking, about 52.6 million people go to the gym in the United States. This is based on 64.19 million US gym memberships minus the 18% of memberships that go unused. Therefore, the increasing gym memberships are expected to positively impact the growth of the sports nutrition market.

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The sports nutrition industry is witnessing a trend towards the launch of ready-to-drink whey protein products, providing convenience and portability for consumers. This trend is expected to continue as demand for easy-to-consume and high-quality protein products increases. Companies in the market are focusing on ready-to-drink whey protein to capture this fast-growing segment. Whey proteins are the preferred source for ready-to-drink (RTD) protein beverages because of their excellent nutritional qualities, bland flavor, ease of digestibility, and unique functionality in beverage systems. Whey protein contains all the essential amino acids needed by the body, making it an ideal choice for manufacturers of protein beverages. Whey protein can help increase fat loss while preserving lean muscle mass. For example, in April 2022, MusclePharm Corporation, a US-based provider of leading sports nutrition and lifestyle branded nutritional supplements, announced it will be expanding into the ready-to-drink protein category with the launch of its new whey protein drink line in the summer of 2022. The new high protein beverage line will be marketed under the leading MusclePharm brand and will contain over 20g of protein, be sugar free and will be available in multiple flavors.

The sports nutrition industry is witnessing a trend towards the launch of ready-to-drink whey protein products, providing convenience and portability for consumers. This trend is expected to continue as demand for easy-to-consume and high-quality protein products increases. Companies in the market are focusing on ready-to-drink whey protein to capture this fast-growing segment. Whey proteins are the preferred source for ready-to-drink (RTD) protein beverages because of their excellent nutritional qualities, bland flavor, ease of digestibility, and unique functionality in beverage systems. Whey protein contains all the essential amino acids needed by the body, making it an ideal choice for manufacturers of protein beverages. Whey protein can help increase fat loss while preserving lean muscle mass. For example, in April 2022, MusclePharm Corporation, a US-based provider of leading sports nutrition and lifestyle branded nutritional supplements, announced it will be expanding into the ready-to-drink protein category with the launch of its new whey protein drink line in the summer of 2022. The new high protein beverage line will be marketed under the leading MusclePharm brand and will contain over 20g of protein, be sugar free and will be available in multiple flavors.

Sports Nutrition Market Segmentation:
The Sports Nutrition market is segmented By type, By Raw Material, By End-Users, By Distribution Channel

By Type -
a) Sports Bars
b) Sports Drinks
c) Sports Powder
d) Sports Supplements
e) RDT (Ready-To-Drink) Protein Drinks
f) Other Types

By Raw Material -
a) Animal Derived
b) Plant-Based
c) Mixed

By End-Users -
a) Athletes
b) Fitness Enthusiasts
c) Bodybuilders
d) Lifestyle Users

By Distribution Channel -
a) Supermarkets/Hypermarkets
b) Specialty Stores
c) Convenience Stores
d) Online Stores
e) Other Distribution Channels

Major players in the Sports Nutrition market include Glanbia Plc., PepsiCo Inc., Post Holdings, Inc., Abbott Laboratories, Otsuka Pharmaceutical Co., Ltd

The regions covered in the global Sports Nutrition market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Sports Nutrition Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Sports Nutrition Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
18. Competitive Landscape and Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Sports Nutrition Market, Conclusions And Recommendations
22. Appendix

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