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Exploring the Growth of Sports Nutrition Market: Impressive CAGR and Market Size Increase Forecast for 2025 and 2029
Sports Nutrition Market
What Is The Projected Market Size Of The Global Sports Nutrition Market And Its Growth Rate?
• The sports nutrition market size is projected to grow from $43.49 billion in 2024 to $47.93 billion in 2025, marking a compound annual growth rate (CAGR) of 10.2%.
• Key drivers of this growth in the historic period can be attributed to an increased number of health clubs, an increase in the number of sports events, a rise in consumer inclination for a healthy, active lifestyle, and a growing adoption of supplements by gym-goers.
• In the coming years, the sports nutrition market is forecasted to see rapid growth, soaring to $72.18 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%.
• This growth in the forecast period can be attributed to an increasing gym membership, increasing participation in sports, and government initiatives.
What Is Driving The Growth In The Sports Nutrition Market?
The growth in the sports nutrition market can be attributed to the rising trend of gym memberships. Sports nutrition includes post-workout supplements such as whey protein and amino acids that are useful for muscle growth and recovery, and pre-workout nutraceuticals like energy drinks and bars, carbohydrates, and minerals that are effective in boosting energy levels, hydration, and increasing muscle strength. For instance, in September 2022, Gymdesk, a US-based gym management software provider, reported that about 52.6 million people in the United States are gym-goers. This figure is expected to positively impact the growth of the sports nutrition market.
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Who Are the Key Players Driving Sports Nutrition Market Growth?
•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
What Are The Key Trends In The Sports Nutrition Market?
•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 ket*o-genetic sports nutrition
•Focus on performance nutrition
What Are The Segments Of The Global Sports Nutrition Market?
•By Type: Sports Bars, Sports Drinks, Sports Powder, Sports Supplements, RDT (Ready-To-Drink) Protein Drinks, Other Types
•By Raw Material: Animal Derived, Plant-Based, Mixed
•By End Users: Athletes, Fitness Enthusiasts, Bodybuilders, Lifestyle Users
•By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channels
Which Region Leads The Sports Nutrition Market?
In 2024, North America held the largest share in the sports nutrition market. However, the Asia-Pacific region is expected to experience the fastest growth in the forecast period. The report covers the sports nutrition markets of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Sports Nutrition Market Global Market Report?
- Market Size Analysis: Analyze the Sports Nutrition Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sports Nutrition Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sports Nutrition Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sports Nutrition Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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