Global Sports Nutrition Market 2024 - By Size, Drivers, Trends, Competitors And Forecast To 2033

The sports nutrition market size has grown rapidly in recent years. It will grow from $39.46 billion in 2023 to $43.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to an increased number of health clubs, increase in number of sports events, increase in consumer inclination for a healthy, active lifestyle and growing adoption of supplements by gym-goers..

The sports nutrition market size is expected to see rapid growth in the next few years. It will grow to $65.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to an increasing gym membership, increasing participation in sports and government initiatives. Major trends in the forecast period include increasing investments, focus on ready-to-drink whey protein, use of vegan-based products, development of a clean label ingredient, launch of functional food and beverages, focus on developing ke*to-genetic sports nutrition and focus on performance nutrition..

Market Overview -
Sports nutrition refers to a field of sports medicine that assists athletes in keeping their bodies in good condition before, after, and during exercise to reach peak performance. In this regard, many nutrients are being investigated for their ability to improve athletic performance, particularly in high-intensity sports involving repetitive effort.

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Surge In Gym Memberships Drives Growth In The Sports Nutrition Market
Increasing gym memberships are expected to contribute to the growth of the sports nutrition market during the forecast period. Sports nutrition comprises 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.

Competitive Landscape -
Major companies operating in the sports nutrition market report are Glanbia Plc, PepsiCo Inc, Post Holdings Inc, Abbott Laboratories, Otsuka Pharmaceutical Co. Ltd, GNC Holdings Inc., The Coca-Cola Company, Nestle SA, Clif Bar & Company, MusclePharm Corporation, Yakult, Reckitt Benckiser Group plc, Hormel Foods Corp., Z-Konzept, German Sports Nutrition, Atlantic Grupa DD, OTE Sports Ltd, Nomi Biotech Corporation, Fitness Authority, ALFIT TM, HSN nutrition, World Food, SNC, NutritionPro, Alphamale ATP, Boli Nutriton, Emerix Laboratories, JRM Limited, Crucible Combat Corporation, Amgen, ASPEN, Kilyos, Actylis, Nature's Bounty Co, Biovea, NOW Foods, HealthVit, MedxPharmacy, Nutrition Souq, Shark Supplements and Protein Nutrition, Shark Food Supplements Trading LLC, Ascendis Health, Bayer, Inova Pharmaceuticals, Vital Health Foods, Vitabiotics Ltd, Glaxosmithkline PLC, Raw Sport, Alpha Sports Nutrition, Uber Nutrition, Hammer Nutrition, USN Kenya, menshealth.com, BetterMe, egyfitness

Vegan-Based Products Take Center Stage In The Sports Nutrition Market
The sports nutrition industry is experiencing a growing trend towards the use of vegan-based products as more people adopt plant-based diets. This trend is expected to continue as consumers seek out sustainable and ethical options for their health and fitness needs. With the increasing demand for veganism, plant-based nutrition is becoming more popular in the field of sports nutrition as a result of which, various manufacturers are launching plant-based versions of their sports protein bars, powders, and Ready-to-Drink (RTD) drinks. Pea protein and other plant protein mixes have taken the place of soy to avoid the allergy and genetically modified organisms (GMO) issues associated with it. For instance, in January 2023, Osage Food Products, a US-based trusted brand in quality protein, dairy, and custom blend products launched SolvPro Vegan Plant Protein Blends, a new line of optimized plant protein blends that combine different plant proteins and deliver targeted nutritional and functional properties for a wide range of end-use applications. When pea protein isolate and additional masking agents are combined with EverPro protein isolate, the SolvPro 008 and 009 systems give a complete plant protein with sufficient quantities of all essential amino acids to achieve a PDCAAS of 1.0, which is comparable to whey protein isolates.

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Key Segments -
The sports nutrition market covered in this report is segmented -
1) By Type: Sports Bars, Sports Drinks, Sports Powder, Sports Supplements, RDT (Ready-To-Drink) Protein Drinks, Other Types
2) By Raw Material: Animal Derived, Plant-Based, Mixed
3) By End Users: Athletes, Fitness Enthusiasts, Bodybuilders, Lifestyle Users
4) By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channels

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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