What is the global market size of Sports Nutrition Market?

Sports Nutrition Market size was valued at USD 39.98 billion in 2021 and is poised to grow from USD 42.9 billion in 2022 to USD 81.8 billion by 2030, growing at a CAGR of 7.4% in the forecast period (2023-2030).

Sports Nutrition Market Size, Share, Growth Analysis, By Type(Vitamins, Minerals, Carotenoids, Probiotics), By Application(Pre-workout, Post-workout, Weight Loss, Others), By Formulation(Tablets, Capsules, Powder, Soft gels), By Consumer Group(Children, Adult, and Geriatric), By Sales Channel(Brick And Mortar and E-commerce), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2287 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 154 | Figures: 78

Sports Nutrition Market Regional Insights

North America led the market in 2021, accounting for a substantial revenue share of more than 20%. This is due to increased demand from the United States. High supplement uptake and greater health and wellness awareness are expected to drive market expansion. Furthermore, the existence of many competitors, as well as the diverse strategies employed by these firms, will drive market expansion soon. Europe is expected to grow at a rapid pace throughout the predicted period. Increasing sports participation and expanding governmental and private sector activities are driving market expansion.

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Sports Nutrition Market size was valued at USD 39.98 billion in 2019 and is poised to grow from USD 42.9 billion in 2023 to USD 81.8 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

The industry's primary leading companies control the worldwide Sports nutrition market due to their extensive global reach and trustworthy dispersed systems. To compete, these companies employ a variety of business strategies, such as establishing long-term supply agreements with several distribution channels. Due to the availability of a target consumer base in the area, major firms have increasingly focused on entering Southeast Asian markets in recent years. 'MusclePharm', 'Abbott Laboratories', 'Clif Bar & Company', 'Coca-Cola Company', 'CytoSport, Inc.', 'Glanbia plc', 'GNC Holdings, Inc.', 'Herbalife Nutrition Ltd.', 'Monster Beverage Corporation', 'Nestle S.A.', 'PepsiCo, Inc.', 'Procter & Gamble Co.', 'Reckitt Benckiser Group plc', 'Ultimate Nutrition, Inc.', 'The Nature's Bounty Co.', 'Scitec Nutrition', 'Nutrabolt', 'Optimum Nutrition, Inc.', 'Red Bull GmbH', 'Weider Global Nutrition'

Consumers are becoming more health-conscious; for example, most of the German population is a member of a fitness club. Sports nutrition products are becoming increasingly popular, particularly among athletes and anyone who engage in strenuous physical activity. Growing emphasis on remaining fit and healthy, as well as increased involvement in sports, health clubs, sports clubs, and gyms. These are some of the major factors driving the expansion of the sports nutrition sector.

Demand for plant proteins is increasing across all areas, including sports nutrition. While consumer interest in a sustainable, healthy lifestyle is driving the larger trend in plant proteins for mainstream and active lifestyle consumers, the sports performance consumer, partly to the hype around star plant-based athletes, is also interested in performance advantages. For optimal amino acid balance, pea protein is typically supplemented with proteins such as sunflower seed, pumpkin seed, and chia seed proteins.

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Sports Nutrition Market Regional Insights

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