About Sports Supplements
Sports supplements are comprised of Nutritional ingredients such as proteins, vitamins, amino acids, minerals, and others. These supplements are one type of dietary products considered to meet nutritional needs of sports person. Increasing life-taking diseases had increased inclination of people towards healthy lifestyle through fitness clubs and healthy diets. These sports supplements provide nutritional diet to enhance the overall performance of the body and increase its energy content. One of the best benefit of this product is to provide physical strength that is required while playing games. Increasing acceptance of supplements in order to maintain healthy physic is fueling the demand sports supplements market. Now-a-days people are getting more conscious about their health hence are moving towards healthy intake that will drive growth of sports supplement market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sports Supplements market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Atlantic Grupam (Croatia), (United States), Enervit (Italy), GlaxoSmithKline Consumer Healthcare (United Kingdom), GNC Holdings (United States), Glanbia (Ireland), Herbalife International (United States), NBTY (United States), Scitec Nutrition (United States) and Universal Nutrition (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Creative Edge Nutrition (United States), MaxiNutrition (United Kingdom) and Plethico Pharmaceuticals Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Sports Supplements market by Type (On-Protein Products and Protein Products), Application (Fitness Club, Health Food Stores, Online Stores, Pharmacy and Drug Stores and Supermarkets) and Region.
On the basis of geography, the market of Sports Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Numerous Health clubs are engaged in selling sports nutrition products and Increasing fad of weight management
Market Growth Drivers:
Increment in count of Health Clubs and Fitness Centers and Number of increasing in health concern individuals
Challenges:
possibly career damaging and a potential risk to athlete health from the presence of prohormones and other prohibited substances.
Restraints:
High cost and Low-quality products are available
Opportunities:
Inclination of middle-aged & geriatric population towards sports activities and Rising health awareness among audience
Market Leaders and their expansionary development strategies
In August 2021 GenTech Holdings, Inc., an emerging player in the high-end premium coffee and functional foods categories, has reached an agreement to acquire NxtBar, LLC, a Charlotte, NC-based maker of paleo- and keto-friendly nutrition bars. Financial terms of the transaction were not disclosed.
In April 28, 2023: UK’s premium sports supplement brand, Genetic Nutrition, has launched its high-quality health and wellness segment in India. Founded by international superbike racer Sandesh Prasannakumar, the brand is dedicated to providing the highest quality supplements to Indians.
Key Target Audience
Manufacturer, Raw material supplier, Distributors/ traders/ dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.