Sports Nutrition Market Scope
Sports nutrition is that type of nutrition which mainly improves athletic performance in order to keep their bodies in good conditions. Numerous benefits of sports nutrition such as improves body composition and strength improves concentration help maintain healthy immune function, decreases the potential for injury, reduces the risk of heat cramps & GI distress, among others. Favorable initiatives encouraging sports participation, changing lifestyle, raising awareness about fitness, health clubs among others are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | PepsiCo Inc. (United States), Glanbia Plc. (Ireland), Reckitt Benckiser Group Plc. (United Kingdom), Yakult Honsha Co. Ltd. (Japan), Post Holdings Inc. (United States), GNC Holdings Inc. (United States), The Coca-Cola Company (United States), Abbott Nutrition Inc. (United States), Clif Bar & Company (United States), Otsuka Pharmaceutical Co. Ltd. (Japan) and Atlantic Multipower UK Limited (United Kingdom) |
CAGR | % |
The sports nutrition market appears to be highly fragmented with the presence of several companies including PepsiCo Inc. (United States), and Glanbia Plc. (Ireland), Reckitt Benckiser Group Plc. (United Kingdom), among others. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Sports Nutrition market throughout the predicted period.
PepsiCo Inc. (United States), Glanbia Plc. (Ireland), Reckitt Benckiser Group Plc. (United Kingdom), Yakult Honsha Co. Ltd. (Japan), Post Holdings Inc. (United States), GNC Holdings Inc. (United States), The Coca-Cola Company (United States), Abbott Nutrition Inc. (United States), Clif Bar & Company (United States), Otsuka Pharmaceutical Co. Ltd. (Japan) and Atlantic Multipower UK Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are GlaxoSmithKline PLC (United Kingdom), Olimp Laboratories (Poland), Ultimate Nutrition Inc. (United States), PowerBar Europe GmbH (Germany) and Nutrascience Labs, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Sports Nutrition market by Type and Region with country level break-up.
On the basis of geography, the market of Sports Nutrition 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). North America region held largest market share in the year 2023.
In July 2023, Myprotein, a leading online sports nutrition brand launched three new products under the Clear Whey, Pre-workout, and Keventers verticals in Indian market. Clear Whey products will be available in flavors such as, Pineapple, Blood Orange, Mango, Coconut, Cranberry Raspberry, & Peach tea. Keventers products will be available in butterscotch flavor.
Influencing Trend:
One of the Latest Trend of this Market is Rising Incidence of Sedentary Diseases Worldwide
Market Growth Drivers:
Rising Consumer Base and Rapid Pace of Urbanization across the World, Increasing Number of Gyms and Health & Fitness Centers Globally and Increasing Disposable Income of Households and Changing Lifestyle among Teenager
Challenges:
Issue related to High Prices of Sports Nutrition Products and Lack of Consumer Awareness Regarding Sports Nutrition Powders
Restraints:
Problem Regarding High Level of Contraband as Well as Counterfeit Products Affect Sales of Various Reputed Companies across the World
Opportunities:
Favorable Government Initiatives towards Health Promotion is Create New Opportunities for Market Expansion
Key Target Audience
Manufacturers of Sports Nutrition Products, Suppliers of Sport Nutrition Products, Wholesalers, distributors and retailers of Sport Nutrition Products, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others