(MENAFN- Ameliorate Digital Consultancy) Global Sports Nutrition Market 𝐎𝐕𝐄𝐑𝐕𝐈𝐄𝐖
Zion Market Research has released the latest report titled“ (Sports Food, Sports Drink & Sports Supplements): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028 ”. As per the report, the global sports nutrition market summed up for USD 12.34 Billion in 2020 and is expected to reach USD 21.98 Billion by 2028, growing at a CAGR of more than 8.4% from 2021 to 2028.
Sports nutrition refers to the intake of nutrients like minerals, vitamins, organic substances, and supplements that comprise proteins, carbohydrates & fats. The sports nutrition products, like sports food, sports drinks, & sports supplements are produced for and devoured by bodybuilders and sportspersons to increase their overall health, muscle growth, and performance.
Primarily sports drinks are consumed by athletes to stock up on the water level in the body. These products are progressively involved by lifestyle and recreational users. At present, the developing nations represent a great growth potential for such products on account of increasing disposable income, rapid urbanization, and a greater proportion of the young population.
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𝐎𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞𝐬:
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The sports nutrition market is projected to witness momentous growth in the forecasted period due to increasing demand from lately emerging lifestyle and recreational users' crowd. Additionally, surging health awareness coupled with the surging number of fitness centers and health clubs is also likely to spur this market in the estimated period.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 @
Besides this, rapid urbanization and surging disposable income enhanced with more and more purchasing sports nutrition products as healthy bites as a part of the diet are also anticipated to stimulate the development in the sports nutrition market.
The higher number of inexpensive counterfeit products impacts the sales of renowned companies and thereby, the availability of such products is expected to limit the expansion of the sports nutrition market. The growth of the distribution channel is also likely to be a chance for development in this market in the next six years.
The types of sports nutrition products comprise sports drinks, sports food, & sports supplements. The sports drinks section summed up the major market share of the overall market during 2022 and is anticipated to be the major contributor in the next six years.
The fast urbanization along with increasing disposable income is projected to boost the demand for sports drinks worldwide. Sports drinks were mostly utilized by athletes to refill the water level in the body but are experiencing mass adoption by lifestyle and recreational users. The market development for the sports drink section was over 6.9% through 2022.
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Nevertheless, the sports food segment is anticipated to experience the fastest growth in the next six years. The requirement for sports supplements is likely to increase by surging consumption amongst women and other household users due to rising awareness toward personal appearance.
In terms of geography, the North American region is estimated to account for the main market for sports nutrition products and towered by the U.S. It has summed up for over 38% market share for sports nutrition products during 2022.
The expansion in this region is primarily backed by benefits from high revenue, and world-class fitness & athletics infrastructure. The sports nutrition market in Europe is set to portray a leading market for sports nutrition products, led by the U.K. and boosted by the surged number of customers choosing healthy lifestyles.
𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑭𝒓𝒆𝒆 𝑹𝒆𝒑𝒐𝒓𝒕 𝑷𝑫𝑭 𝑩𝒓𝒐𝒄𝒉𝒖𝒓𝒆:
Asia-Pacific is the rapidly developing market for sports nutrition products in the forecasted time stimulated by an augmentation in disposable incomes along with rapidly altering lifestyles. Japan is anticipated to rule this region in the sports nutrition market. China is likely to attain the second-largest market share after Australia owing to a high percentage of the overweight or obese population. India is projected to experience prominent growth in the next six years spurred by the increasing implementation of sports nutrition products among way of life & recreational users. Latin America and the remaining regions are estimated to report a healthy development in this market in the forecasted period.
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 & 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Maxi Nutrition Ltd., Nestlé S.A., Yakult Honsha Co Ltd., GNC Holdings Inc, Abbott Nutrition Inc., Honsha Co., Glanbiaplc, Reckitt Benckiser Group Plc, The Coca-Cola Company, and Pepsi Co. are some of the key players in the plant growth market.
𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐫𝐞𝐟𝐞𝐫 𝐭𝐨 𝐛𝐞𝐥𝐨𝐰 𝐥𝐢𝐧𝐤:-
“Sports Nutrition Market By Type (Drinks, Supplement, And Food), By Distribution Channel (Large Retail & Mass Merchandisers, Small Retail, Drug & Specialty Stores, Online, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
This report segments the sports nutrition market as follows:
Global Sports Nutrition Market : Product TypeAnalysis
Sports Food Sports Drink Sports Supplements
North America ( United States) Europe ( Germany, France, UK) Asia-Pacific ( China, Japan, India) Latin America ( Brazil) The Middle East & Africa
FREQUENTLY ASKED QUESTIONS
What was the value of the sports nutrition market in 2020? What will be the size of the sports nutrition market in 2028? What are the key factors driving the sports nutrition market growth? Which region will make notable contributions to the sports nutrition market? Which are the major companies operating in the sports nutrition market?
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