Sports Nutrition Market to Incur Rapid Extension During 2024 - 2031 | Maxinutrition, Glanbia, PepsiCo, GNC Holdings

Market Overview:

The sports nutrition market is estimated to be valued at USD 51.65 Bn in 2024 and is expected to reach USD 93.20 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

Market Dynamics:

The global sports nutrition market is expected to witness high growth over the forecast period owing to rising health consciousness and growing preference for fitness activities among people globally. With rising obesity levels and incidence of lifestyle diseases, people are making lifestyle changes and shifting focus toward health and wellness. This is increasing participation in sports and active lifestyles. Furthermore, easy availability and aggressive marketing of sports nutrition products through e-commerce platforms and specialty outlets are also fueling market growth. Social media promotion by celebrities and athletes endorsements have created awareness and demand for innovative products. Continuous new product launches catering to customized nutritional needs is another factor propelling market expansion during the forecast period.

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Major Market Drivers for Sports Nutrition Market

Emphasis on Fitness and Healthy Lifestyle is Driving More Consumers Towards Sports Nutrition Products

In today's world, people are becoming more health conscious and fitness oriented. Issues like obesity, diabetes, hypertension etc. are on rise which has made people realize importance of staying fit and leading active lifestyle. With rising disposable incomes, people are now willing to spend on products, supplements and programs that can help them achieve fitness goals and maintain overall wellness. This changing attitude towards fitness and wellness is a key driver for sports nutrition market as more consumers are incorporating protein shakes, energy bars, supplements etc. in their diet and exercise regimen to gain muscles, lose weight and enhance athletic performance.

Major Market Opportunity for Sports Nutrition Market

Growth in E-Commerce and Online Retailing Channels

With rising prominence of e-commerce platforms, companies have opportunity to tap digitally savvy customers base. Shoppers now find it convenient to browse multiple brands, compare prices and specifications, read reviews before buying wellness supplements online. Sports nutrition market players can leverage technology to build strong online presence through company owned websites and prominent e-commerce portals. Products suited for individual buyer types like women, elderly, kids can be promoted online to expand customer reach. Services like product customization, subscription programs, easy return/exchange also enhance online shopping experience. Sports nutrition sector stands to benefit immensely from thriving e-commerce sector worldwide.

Notable Market Trend for Sports Nutrition Market

Shift Towards Plant-Based and Clean Label Supplements

Consumers are becoming more experimental and informed about ingredients used in food. There is growing preference for plant-based, organic, non-GMO and clean label products. Even in sports nutrition, customers now demand supplements made from natural, whole food sources over synthetic or chemically derived ingredients. Manufacturers are responding to this trend by launching vegan protein powders from pea, soy, hemp etc., herb/fruit based pre-workout formulas, beverages containing superfoods like acai, maca, matcha. They also emphasize traceability of ingredients and minimal processing methods to appeal health conscious buyers. This shifting trend indicates that clean, natural supplements will gain more traction compared to conventional products in coming years.

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Top Companies Featured in This Report:

★ Maxinutrition
★ Glanbia
★ PepsiCo
★ GNC Holdings
★ Clif Bar & Company
★ The Coca-Cola Company
★ Universal Nutrition
★ Atlantic Multipower UK Limited
★ GlaxoSmithKline PLC
★ Olimp Laboratories
★ Ultimate Nutrition Inc
★ PowerBar Europe GmbH
★ Iovate Health Sciences
★ Quest Nutrition
★ PepsiCo
★ Cliff Bar
★ The Coca-Cola Company
★ MusclePharm
★ The Bountiful Company
★ Post Holdings

Market Segmentation:

By Product Type:

★ By Product Type: Sports Food , Sports Drinks , and Sports Supplements
★ By Distribution Channel: Supermarkets/Hypermarkets , Convenience Stores , Specialty Stores , Online Stores , and Other Distribution Channels

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Sports Nutrition Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Sports Nutrition market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Sports Nutrition market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Sports Nutrition market.
Segment Analysis: Examining the market value and sales volume of Sports Nutrition by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Sports Nutrition market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Sports Nutrition sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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