Press release
Sports Nutrition Market: Global Size, Share, Demand, Trends, and Industry Statistics by 2031 | Iovate Health Sciences International Inc., Campo de Lorca. Abbott Laboratories.
Sports Nutrition Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Sports Nutrition market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Sports Nutrition Market reached USD 26,106 million in 2022 and is projected to witness lucrative growth by reaching up to USD 68,231 million by 2031. The market is growing at a CAGR of 12.8% during the forecast period (2024-2031).
What is Sports Nutrition Market?
The Sports Nutrition market focuses on products designed to enhance athletic performance, support recovery, and promote overall health for athletes and fitness enthusiasts. This market includes a wide range of products such as protein powders, energy bars, pre-workout supplements, and hydration products. Growth in this sector is driven by increasing awareness of fitness and wellness, a rise in sports participation, and the demand for effective nutrition solutions to optimize performance. Additionally, trends towards clean-label and natural ingredients, along with personalized nutrition tailored to individual needs, are shaping product development. The growing popularity of e-commerce platforms and social media marketing is also facilitating market expansion, allowing consumers to access a diverse array of sports nutrition products conveniently.
Growth Driver
The Increasing Consumer Involvement in Fitness Clubs Is Expected to Drive Market Growth
The growing focus on health and wellness among consumers is significantly boosting the sports nutrition market. As individuals prioritize their fitness, products designed for sports nutrition are gaining popularity, particularly among athletes and those engaged in rigorous physical activities.
Several factors contribute to this market expansion, including an increasing emphasis on fitness and well-being, alongside the proliferation of sports, health clubs, sports clubs, and gyms. The United States leads globally in the number of gyms, followed by Brazil and Mexico, reflecting a strong interest in fitness facilities. This surge in gym attendance and health-conscious behavior is expected to propel the demand for sports nutrition products further, driving overall market growth.
Key Players:
Profiles of some of the major players in the global Sports Nutrition market, which include Iovate Health Sciences International Inc., Campo de Lorca. Abbott Laboratories, Quest Nutrition, PepsiCo, Inc., Clif Bar & Company, The Coca-Cola Company, MusclePharm, The Bountiful Company, Post Holdings, Inc., and BA SPORTS NUTRITION, LLC.
Industry Development:
On November 24, 2022, The Alkaline Water Company introduced its sports drink in more than 250 Harris Teeter stores, expanding its product availability to health-conscious consumers.
On January 16, 2022, Applied Nutrition, a UK-based sports nutrition company, launched its L-Carnitine sports drink, designed to support athletic performance and recovery.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Sports Nutrition market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Product Type: Sport Drinks, Protein Powder, Protein Bars, Branched Chain Amino Acids, Certain Supplement, Carbohydrate and energy bars, RTD protein drinks, Others.
By End User: Athletes, Body Builders, Lifestyle Users, Recreational Users.
By Distribution Channel: E-Commerce, Retail Stores, Fitness institutions, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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