USD 42.90 billion
Report ID:
SQMIG30I2157 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
119
|Figures:
80
Sports and Fitness Nutrition Foods and Beverages Market size was valued at USD 46.07 Billion in 2023 and is poised to grow from USD 49.48 Billion in 2024 to USD 87.6 Billion by 2032, growing at a CAGR of 7.40% during the forecast period (2025-2032).
The expansion of the sports fitness nutrition foods beverages market is primarily caused by an increasing trend for nutrition bars, energy bars, and ready-to-drink products, as well as rise in the value of protein as a valuable ingredient. Furthermore, proteins are expected to gain wide acceptance as an effective source of a nutritional and balanced diet, as well as functional benefits such as weight management and immune system support, which are anticipated to propel market growth throughout the forecast period. Many sports people consume nutritional products to enhance their athletic performance, endurance, and muscle recovery, which seems to drive the sports fitness nutrition foods beverages market growth during the forecast period (2023–2030). The major challenge impeding market growth during the forecast period is a lack of nutrition education.
US Sports and Fitness Nutrition Foods and Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 42.90 billion
Largest Segment
Online
Fastest Growth
Offline
Growth Rate
7.40% CAGR
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The global sports and fitness nutrition foods and beverages market is segmented on the basis of product, distribution channel, end-use, and region. In terms of product, the Sports and Fitness Nutrition Foods and Beverages Market is grouped into sports nutrition, sports/energy foods, and sports/energy drinks. Based on distribution channels, the Sports and Fitness Nutrition Foods and Beverages Market is bifurcated into online, and offline. The end-use segment is further classified into athletes, lifestyle users, bodybuilders, and recreational users. Region Wise, the Sports and Fitness Nutrition Foods and Beverages Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Sports and Fitness Nutrition Foods and Beverages Market Analysis by product
Based on product, the global sports and fitness nutrition foods and beverages market is segmented into sports nutrition, sports/energy foods, sports/energy drinks. The sports/energy drinks segment is expected to gain the largest share during the forecast period owing to the increasing number of sportspeople including weightlifters, athletes, and bodybuilders. Furthermore, the rising usage of energy drinks among young and old people is a significant factor expected to drive market growth during the forecast timeframe.
Sports and Fitness Nutrition Foods and Beverages Market Analysis by Distribution Channel
In terms of distribution channel, the market is segmented into online, and offline. Increase in health consciousness among people is driving up supply in the sports and fitness nutrition foods and beverages market. During the forecast period, demand for sports nutrients will be driven by an increase in the number of health clubs and fitness centres, as well as the increasing prevalence of online fitness classes. The market is dominated by sports enthusiasts, fitness freaks, students, and individuals from high-demand professions. Online segment emerged dominant but post the COVID era, the offline segment is likely to emerge as the fastest growing segment in the forecast period.
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Asia Pacific is expected to hold the leading position, followed by North America, and Europe during the forecast period due to the presence of a significant number of sports and fitness nutrition foods & beverages industry companies and the high widespread adoption due to government measures that enhance this industry in this region. In Asia Pacific, the growth of digital infrastructure in emerging markets such as India and China presented significant potential for online platforms to increase sales.
North America is anticipated to expand at the fastest rate during the analysis period. The increased demand for sports nutrients from sports clubs and fitness clubs is primarily responsible for North America's growth in the sports nutrition beverage market. Furthermore, during the forecast period, demand for ready-to-drink sports nutrition products in Canada is expected to contribute to the growth of the sports and fitness nutrition foods and beverages market. In North America, rising health concerns, shifting dietary plans, and changing lifestyles are driving up demand for sports and nutrition food beverages market during the analysis period. Also, the innovative creation of new flavours in energy drinks and sports nutrition, as well as the health advantages, are expected to increase demand for sports and nutrient food and beverages in the North American region.
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Sports and Fitness Nutrition Foods and Beverages Market Driver
Rise in Inclination towards Sports and Fitness to Propel Growth
Sports and Fitness Nutrition Foods and Beverages Market Restraint
Hectic Schedules Disrupting Food Habits may Hamper Growth
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The global sports and fitness nutrition foods and beverages market is highly competitive in nature owing to the rapid inclination of consumers towards healthy lifestyle. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Sports and Fitness Nutrition Foods and Beverages Market Top Player's Company Profiles
Recent developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global sports and fitness nutrition foods and beverages market analysis, greater recognition of health and fitness, healthy lifestyles, weight management, healthy eating, and nutrition products is expected to propel the European industry during the forecast period. Various innovations in the sports nutrition market to make products more beneficial and healthier to consume are expected to drive the demand for sports and fitness nutrition foods and beverages market in the coming decades.
What's Included
NA
Report Metric | Details |
---|---|
Market size value in 2023 | USD 42.90 billion |
Market size value in 2031 | USD 81.56 billion |
Growth Rate | 7.40% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sports and Fitness Nutrition Foods and Beverages Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sports and Fitness Nutrition Foods and Beverages Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sports and Fitness Nutrition Foods and Beverages Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sports and Fitness Nutrition Foods and Beverages Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30I2157
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