Luton, Bedfordshire, UK, Sept. 20, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the detailed research report on the Sports Nutrition Market.
Exactitude Consultancy also predicts that demand in the sports nutrition market will grow at an impressive CAGR of 5.4% through 2029
Sports nutrition products can help athletes achieve their maximum potential through training, recover faster between sessions and competitions, maintain a healthy weight, reduce risk of injury, and deliver consistent performance. One of the main factors affecting the industry is how athletes use sports nutrition products for their benefits.
With consumers’ growing disposable cash and increased health awareness, consumers are consuming more sports nutrition products. As a result, the sports nutrition market is growing faster. The main drivers of the rate of increase are product knowledge and the willingness to buy.
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Due to the increasing regular use of sports nutrition products by athletes as dietary supplements, the sports nutrition market has had a significant share. One of these reasons driving the market expansion is the growing variety for different body types where customers can use the items based on their needs and preferences.
In January 2022, Hydroxycut, a sports nutrition brand owned by its parent company Lovate Health Sciences, launched Cut, an energy drink that will help consumers reduce their body fat percentage.
In March 2020, The Coca-Cola Company launched “Powerade”, an energy drink, the company has launched this product with different flavors. The strategy behind it was to expand the company’s product portfolio with new product developments.
In April 2019, Hormel completed the $465 million sale of the CytoSport protein business to PepsiCo Inc. The sale to PepsiCo Inc. is expected to enable growth for CytoSport and its flagship offering, thereby increasing PepsiCo Inc.’s market share in the U.S. sports nutrition market.
|Sales forecast 2029||$55.8 billion|
|growth rate||CAGR of 5.4% from 2022 to 2029|
|Base year for the estimate||2021|
|Historical data||2017 – 2020|
|forecast period||2022 to 2029|
|Quantitative Units||Revenue in USD mn/bn and CAGR from 2022 to 2030|
|report coverage||Sales Forecast, Company Ranking, Competitive Landscape, Growth Factors and Trends|
|segments covered||Product type, application, formulation, consumer group (age group and activity), distribution channel, region|
|Regional Scope||North America; Europe; Asia Pacific; Latin America; Middle East & Africa|
|country area||US; Canada; Mexico; Puerto Rico; Cuba; UNITED KINGDOM; Germany; France; Italy; Spain; Japan; China; India; Australia; New Zealand; Brazil; Argentina; South Africa; Saudi Arabia; UAE|
|Important companies in profile||Iovate Health Sciences; Abbott; quest nutrition; PepsiCo; cliff bar; The Coca Cola Company; muscle pharm; The generous society; item balances; BA Sports Nutrition; Cardiff sports nutrition|
|scope of customization||Free report customization (equivalent to up to 8 analyst business days) with purchase. Addition or change of country, regional and segment scope.|
|Prices and purchase options||Benefit from tailored purchasing options to meet your exact research needs.|
Sports Nutrition Market Players
The Major Players Covered in Sports Nutrition Market Report are DSM, DuPont., Kellogg Co., Jordans., General Mills, Nestlé, Abbott, PepsiCo, Simply Good Foods USA, Inc., Ocado Retail Limited, The Quaker Oats Company, Mars, Incorporated, Hain Celestial, Associated British Foods plc, Clif Bar & Company., KIND LLC, Concord Foods, LLC, FRANK Food Products, Natural Balance Foods, Perfect Bar and Bobo’s among other national and global actors.
Browse the report executive summary and full table of contents: https://exactitudeconsultancy.com/reports/4085/sports-nutrition-market/
Key Market Segments: Sports Nutrition Market
Sports Nutrition Market by Type, 2020-2029
- protein powder
- ISO beverage powder
- Sports Supplements
- RTD protein drinks
- sports drinks
- energy bars
Sports Nutrition Market by End-Use, 2020-2029
- body builder
- lifestyle user
Sports Nutrition Market by Distribution Channel, 2020-2029
- specialty shops
- fitness center
- online channels
North America dominates the sports nutrition market due to the presence of key players in the region
Due to the presence of significant companies and growing research and development efforts, the North American region is currently leading the sports nutrition market and will continue to do so during the forecast period. Due to the expansion of the food and beverage sector, increasing engagement in sport and increasing consumer disposable income, Europe is expected to continue to post significant gains and record the highest CAGR throughout the projected period.
The country part of the Sports Nutrition market study additionally lists certain market influencing elements and regulatory changes in the domestic market that are affecting the present and future trends of the market.
Increasing consumer engagement in fitness clubs
Consumers are now more concerned than ever about their health; For example, the majority of people in Germany belong to sports clubs. Sports nutrition products are becoming increasingly popular, especially among athletes and anyone who engages in physical activity. the increased focus on staying fit and healthy; and growth in sports, fitness clubs, sports clubs and gyms. These are some of the main factors influencing the expansion of the sports nutrition space.
The United States has the most gyms in the world, while Mexico and Brazil are the second largest countries in terms of the number of gyms. The penetration rate of fitness clubs is increasing due to consumers’ growing concern about their health, for example, various studies have shown that in the United States, 18.6% of the total population are members of various fitness clubs.
Demand for fortified foods drives sales of sports nutrition
Growing consumer health awareness and increasing spending on fitness and well-being will create attractive industry opportunities. Consumer demand for sports nutrition is fueled by a growing understanding of the value of healthy eating in addition to achieving a certain level of physical fitness.
Food companies see food fortification as a critical need in light of ever-changing customer demands. The practice of fortifying common foods with necessary proteins, vitamins and minerals has become more popular as consumer demand for improved nutrition has increased. Due to the increasing need for nutritional fortification, sales of sports nutrition are expected to increase in the future.
Reasons to buy this report
- Qualitative and quantitative analysis of the market based on a segmentation that takes into account both economic and non-economic factors
- Providing market value data (Billion USD) for each segment and sub-segment
- Indicates the region and segment expected to witness the fastest growth and dominate the market analysis by geography, highlighting the consumption of the product/service in the region and providing the factors affecting the market in each affect region
- Competitive landscape, which includes the market ranking of major players along with new service/product launches, partnerships, business expansions, and acquisitions of the profiled companies in the last five years
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