Sports Nutrition Market Analysis 2024-2030: Key Growth Drivers and Competitive Landscape

The global sports nutrition market is experiencing robust growth, driven by rising awareness regarding fitness and wellness, increasing participation in sports, and a growing shift toward a healthier lifestyle. The global sports nutrition market is expected to expand at a Compound Annual Growth Rate (CAGR) of 5.6% over the forecast period (2024-2030). In 2023, the market size was valued at approximately USD 53.41 Bn, and it is projected to reach USD 76.8 Bn by 2030.

𝐊𝐞𝐲 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡:

Increasing Health Consciousness: A global surge in health-conscious consumers is accelerating demand for protein-based drinks, energy bars, and supplements.
Growing Popularity of Sports Activities: A rise in professional and recreational sports activities, particularly among younger demographics, is further fueling demand for sports nutrition products.
Shift in Lifestyle: Urbanization, sedentary lifestyles, and rising disposable incomes are pushing individuals to adopt healthier diets and fitness regimes, contributing to market growth.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/21164/

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦'𝐬 𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

Vietnam is emerging as a key player in the sports nutrition industry in Southeast Asia, driven by a young, active population and increasing fitness trends. The demand for protein supplements and energy drinks has surged, as more consumers shift towards maintaining an active lifestyle. Companies like 𝐇𝐞𝐫𝐛𝐚𝐥𝐢𝐟𝐞 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧, 𝐈𝐬𝐚𝐠𝐞𝐧𝐢𝐱, and local brands are capitalizing on the growing trend by launching products suited to local tastes and dietary preferences.

Mergers & Acquisitions: Recent mergers such as Herbalife's acquisition of a local supplement company indicate a strong consolidation trend, providing them with broader market access and product offerings.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's sports nutrition sector is seeing strong expansion, largely due to rising fitness awareness and an increasing number of gym-goers. With the urban population adopting active lifestyles, protein powders, sports drinks, and meal replacement products are seeing exponential growth.

Key Trends: Brands such as 𝐌𝐮𝐬𝐜𝐥𝐞𝐓𝐞𝐜𝐡 and 𝐆𝐍𝐂 are tapping into the growing health & fitness market by promoting high-performance supplements for athletes and bodybuilders. Additionally, Thailand's food regulations have also seen updates to support international brands, enhancing the ease of product entry.

Key Merger: Thai Beverage, a key player in the beverage industry, has expanded its portfolio to include protein-based sports drinks through a merger with a local nutrition brand.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐯𝐢𝐚 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/request-sample/21164/

𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

Japan, known for its strong consumer market and focus on health, is a leader in sports nutrition in the Asia-Pacific region. The sports nutrition market in Japan is expected to grow at a CAGR of 7.6% from 2024 to 2031, driven by the country's aging population's growing demand for health supplements.

Sports Nutrition Trends: In Japan, consumers are increasingly preferring plant-based and natural ingredients in their sports nutrition products. Brands like 𝐃𝐚𝐢𝐰𝐚 𝐂𝐚𝐧 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 and 𝐊𝐢𝐫𝐢𝐧 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 are focusing on functional drinks that cater to the aging population's specific health needs, such as joint health and energy replenishment.

Recent Developments: Kirin Holdings has announced plans to introduce a new line of vegan protein supplements targeted at the growing health-conscious youth demographic in Japan.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea, known for its innovative approach to health and wellness products, is experiencing rapid growth in the sports nutrition market. The country's trend of body aesthetics and fitness is rapidly gaining traction, particularly among young adults and middle-aged individuals looking to maintain a healthy body composition.

Key Opportunities: Protein bars and energy supplements are seeing huge growth, with brands such as 𝐊𝐨𝐫𝐞𝐚 𝐆𝐢𝐧𝐬𝐞𝐧𝐠 𝐂𝐨𝐫𝐩. and 𝐋𝐆 𝐇𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝 & Health Care expanding their offerings. Sports nutrition in South Korea is increasingly viewed as an essential part of daily life, rather than just for athletes.

Mergers & Acquisitions: Amorepacific, South Korea's cosmetics giant, has recently expanded into the sports nutrition sector by acquiring a leading sports supplement brand, which could bring further consolidation to the market.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

Singapore's sports nutrition market is thriving as consumers prioritize fitness and wellness. The nation's high-income levels and strong emphasis on healthcare are driving the demand for premium sports nutrition products, particularly among the young urban population.

Key Trends: There is a growing demand for protein-enriched snacks, pre-workout, and recovery supplements in Singapore. Additionally, there is a rising trend towards functional foods and beverages, with local brands like 𝐍𝐮𝐭𝐫𝐚𝐁𝐢𝐨 and 𝐏𝐞𝐚𝐤 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 gaining market traction.

Key Recent Developments: The government's push to encourage healthier living through programs like the "Healthier Choice Symbol" is also accelerating the growth of the sports nutrition market.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/21164/

𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The United States is one of the largest markets for sports nutrition products. The market continues to be driven by a booming fitness culture, widespread awareness of the benefits of sports nutrition, and a shift toward healthy eating. The US sports nutrition market is expected to grow significantly, driven by the booming supplement and functional foods industry.

Growth Opportunities: The market for plant-based, organic, and clean-label supplements is rapidly growing, with companies like Optimum Nutrition, GNC, and MusclePharm expanding their product lines to meet the evolving demand. The demand for protein powders, energy drinks, and weight management products is also rising.

Recent Developments: GNC has expanded its retail footprint in the US by introducing a wide range of protein and fat-burning supplements targeted at the mass market. The ongoing M&A activity, particularly involving 𝐀𝐛𝐛𝐕𝐢𝐞 and 𝐓𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞'𝐬 𝐁𝐨𝐮𝐧𝐭𝐲 𝐂𝐨., further highlights market consolidation.

𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐒𝐩𝐨𝐫𝐭𝐬 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧

Europe remains a highly competitive and dynamic region for sports nutrition, driven by increasing demand for fitness supplements, protein-rich foods, and innovative solutions to enhance athletic performance. Countries like Germany, the UK, and France are contributing significantly to market growth.

Trends in Europe: Brands such as 𝐌𝐲𝐩𝐫𝐨𝐭𝐞𝐢𝐧, Bulk Natural, and 𝐔𝐒𝐍 are increasing their presence in the European market by launching personalized nutrition services and expanding their portfolios to cater to diverse consumer needs, ranging from vegan products to gluten-free supplements.

Key Developments: There has been significant regulatory reform in the European Union, particularly regarding product labeling and health claims, to ensure transparency and trust in sports nutrition products.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Energy Gels
Drink Mixes
Electrolytes
Bars

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Hypermarkets and Supermarkets
Convenience Stores
Drug and Specialty Stores
Online
Others

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/sports-nutrition-market/21164/ 

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
1. PepsiCo Inc.(United States)
2. Post Holdings Inc.(United States)
3. GNC Holdings (United States)
4. Abbott Nutrition Inc. (United States)
5. The Coca-Cola Company (United States - But operates globally)
6. Clif Bar & Company (United States)
7. Ultimate Nutrition Inc. (United States)
8. Makers Nutrition (United States)
9. Future Nutrition (United States)
10. Herbalife International (United States)
11. Omega Protein Corporation (United States)
12. Archer Daniels Midland (United States)
13. Amway (United States)
14. The Nature's Bounty Co (United States)
15. Nutraceutical International Corporation (United States)
16. 7. Nestle (Switzerland, but operations in the United States)
17. Mead Johnson & Company, LLC (United States)
18. Abbott (United States)

𝐄𝐮𝐫𝐨𝐩𝐞
1. Glanbia Plc. (Ireland)
2. Reckitt Benckiser Group Plc. (United Kingdom)
3. Atlantic Multipower UK Limited (United Kingdom)
4. GlaxoSmithKline PLC (United Kingdom)
5. Olimp Laboratories (Poland)
6. PowerBar Europe GmbH (Germany)
7. Neutra Science Labs (United Kingdom)
8. Paragon Laboratories (United Kingdom)
9. ABC Nutrition Ltd (United Kingdom)
10. Evonik Industries AG (Germany)
11. Naturex SA (France)

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜
1. Blackmores (Australia)
2. United Naturals Food, Inc. (Australia)
3. Feihe (China)
4. Yili (China)
5. Mengniu (China)
6. Biostime (China)
7. Beingmate (China)
8. Synutra International Inc (China)
9. Wondersun (China)
10. Wissun (China)
11. Shijiazhuang Junlebao Dairy Co., Ltd. (China)
12. Brightdairy Dairy Co., Ltd (China)
13. Sanyuan Group (China)
14. Yinqiao Group (China)
15. Longdan Dairy (China)

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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