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Sports Nutrition Market worth $62.78 billion by 2030, growing at a CAGR of 8.04% - Exclusive Report by 360iResearch
Sports Nutrition Market | 360iResearch
The Global Sports Nutrition Market to grow from USD 36.52 billion in 2023 to USD 62.78 billion by 2030, at a CAGR of 8.04%.
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Sports nutrition is a specialized branch of nutritional science focused on studying and practicing diet and nutrition specifically geared toward improving athletic performance. It encompasses an array of subjects, including the types and quantities of food, fluids, and supplements consumed by athletes, as well as the timing of intake to optimize health, energy levels, body composition, and overall performance. The sports nutrition market is growing due to several factors, including increasing awareness of health and fitness, a surge in the number of gyms and health clubs, and the rising popularity of athletic activities among the general population. However, regulatory hurdles and variations in international standards can also impede market expansion. Nevertheless, the growing consumer interest in plant-based and organic products signals a shift towards more natural and sustainable sources of nutrition. There is also an opportunity to personalize nutrition based on individual health and fitness goals facilitated by technological advancements, which is expected to create potential opportunities for market growth.
In the Americas, the sports nutrition market is evolving with a strong emphasis on protein-based products. The market is witnessing a shift towards natural and plant-based products, owing to the rise of veganism and concerns over food allergies. Furthermore, the sports nutrition market in the Americas also showcases significant patent activity, mainly around new formulations and delivery systems. Companies are investing heavily in research to differentiate their product offerings. In the European Union, the recent trend leans towards organic and vegan products, with a sharp rise in demand for sustainable and eco-friendly sports nutrition. On the other hand, the Middle East sports nutrition market is growing rapidly owing to increasing disposable income and awareness about fitness. The region sees an influx of international brands setting up distribution channels, with particular countries often serving as hubs for expansion. In Africa, the majority of demand comes from urban populations with increasing health consciousness. Across the EMEA region, there are active investments in research and collaborations between academic institutions and sports nutrition companies to develop products that cater to the unique nutritional needs of athletes. The Asia Pacific region is experiencing a surge in demand for sports nutrition products due to increasing awareness of health and fitness and a growing middle-class population. Consumers in these areas are becoming more inclined towards fitness activities, and hence, the pursuit of athletic excellence is driving the sports nutrition market. Furthermore, notable investments include expanding production facilities by global sports nutrition companies and a significant interest in research on developing sports nutrition tailored to the genetic and lifestyle needs of individuals in the Asia Pacific region, catalyzing the demand for sports nutrition products.
Market Segmentation & Coverage:
This research report categorizes the Sports Nutrition Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Sports Drink, Sports Foods, and Sports Supplements. The Sports Drink is further studied across Hypertonic, Hypotonic, and Isotonic. The Sports Foods is further studied across Energy Bars, Protein Bars, and Protein Gels. The Sports Supplements is further studied across Amino Acids, Carbohydrates, Minerals, Omega -3, Probiotics, Protein, and Vitamin. The Sports Supplements is projected to witness significant market share during forecast period.
Based on Formulation, market is studied across Liquid, Powder, and Tablets/Capsules. The Powder is projected to witness significant market share during forecast period.
Based on Consumer Group, market is studied across Adults, Children, and Geriatric. The Adults is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across E-Commerce, Retail Stores & Convenience Stores, and Supermarket & Hypermarket. The Retail Stores & Convenience Stores is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Athletes, Bodybuilders, Fitness Enthusiasts, and Recreational Users. The Bodybuilders is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.35% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Sports Nutrition Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Sports Nutrition Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Sports Nutrition Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Ajinomoto Co., Inc., Archer-Daniels-Midland Company, BioCorp Nutrition Labs, Bulk by Sports Supplements Limited, Clif Bar & Company by Mondelēz Global LLC, DYAD LABS by MERIEUX NUTRISCIENCES CO., Eleat Sports Nutrition, LLC, General Nutrition Centers Inc., Glanbia PLC, GlaxoSmithKline PLC, Hormel Foods Corporation, Iovate Health Sciences International Inc., Koninklijke DSM N.V., Lonza Group, Momentous, MusclePharm Corporation, Nestlé S.A., NutriSport Pharmacal, Inc., Nutrivo, Olimp Laboratories Sp. z o.o., PanTheryx, Inc. by Colostrum Company, PepsiCo Inc., Post Holdings, Inc., Proteini.si, Science in Sport PLC, SDC Nutrition Inc., Superior Supplement Manufacturing, Twinlab Consolidation Corporation, Ultimate Nutrition Inc., and Vega US, LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sports Nutrition Market, by Product
7. Sports Nutrition Market, by Formulation
8. Sports Nutrition Market, by Consumer Group
9. Sports Nutrition Market, by Distribution Channel
10. Sports Nutrition Market, by End-User
11. Americas Sports Nutrition Market
12. Asia-Pacific Sports Nutrition Market
13. Europe, Middle East & Africa Sports Nutrition Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Sports Nutrition Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sports Nutrition Market?
3. What is the competitive strategic window for opportunities in the Sports Nutrition Market?
4. What are the technology trends and regulatory frameworks in the Sports Nutrition Market?
5. What is the market share of the leading vendors in the Sports Nutrition Market?
6. What modes and strategic moves are considered suitable for entering the Sports Nutrition Market?
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