Coherent Market Insights published a business research report on Sports Nutrition Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Sports Nutrition Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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In order to develop and improve the health of athletes and body builder, food products or the sports nutrition which are mainly made for the purpose are consumed. The products help in increasing performance and boosting recovery that is worn out at the time of intense workouts. These products perform as fuel to the body. Sports nutrition intake is a useful way that a sportsperson easily consumes or intakes to improve the nutritional health of the body. Generally, sports nutrition is made from the ingredients of the nature like milk, egg proteins, vitamins, fibers, minerals, vegetable starches, sugars and herbs.
Globally, the market for sports nutrition was priced at US$ 40.0 Bn as per value, showing a CAGR of 8.18% in the predicted period from 2022 to 2030.
Drivers
Increasing clientele of sports nutrition, like body builders, sportspersons and non-sportsperson who desire to maintain healthy and fit lifestyles is anticipated to accelerate the market growth of sports nutrition. Development in the standard of living of the users consuming sports nutrition products to gain the required amount of daily nutrition and no activity in regard to fitness is estimated to increase the growth of the sports nutrition market in the predicted period.
There is a rising need for providing nutrition to the sports from groups of millennials and the aged senior citizen for such formulations to get the needed energy, strength and improve muscle health. Additionally, there is an increasing intake of supplements among the gym-goers. As per MuscleBlaze, India’s leading Sports Nutrition Brand in India in 2020, whey supplements are consumed by 40% of the gym-goers. Moreover, rising partaking/participation in the sports events and activities is raising the use of supplements by the fitness fanatics to increase their strength, endurance and overall stamina.
The pandemic of COVID-19 led to a fall in the sports supplements’ sale since users were emphasized on buying only the essential products. Furthermore, temporary shutdown of the gyms, health clubs, fitness centers, and the institution of the sports adversely affected the sports nutrition products’ sale. Though, sales in the online platforms, sale rose at a very fast speed in the year 2020 as consumers moved to the mode of e-commerce in order to avoid crowd places and keep up with the hygiene factors owing to COVID-19. Increase in consciousness in regard to health and a better standard of living is projected to push the need for sports nutrition in the coming future.
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Market Restraints
Due to the adulterated products made of banned constituents like anabolic steroids, stimulants, and pro hormones in the market, the image of sports nutrition has been harmful and is thus anticipated to restrain the use of sports nutrition. This similarly, is hindering the growth of the market.
Partial use of sports nutrition owing to negative beliefs amongst most of the consumers is anticipated to restrain the market growth of the sports nutrition.
Market Trends
The increasing tendency of in taking supplements made from plants and is vegan is anticipated to increase the market growth of the sports nutrition. For example, the U.K. based brand of sports nutrition, Myprotein in March 2020 introduced a clear plant-based protein shake in the market of United States, to encounter their increases clientele demand for vegan supplements or products. The Clear Vegan Isolate is a protein powder with two flavors: Pear & Ginger and Coconut & Mango.
The mounting drift of in taking sports nutrition products in the treatment of deficiency of vitamins and minerals is anticipated to accelerate the market growth of sports nutrition. The products are a rich source of minerals and vitamins, and therefore extensively attaining approval in treating several deficiencies of nutrition.
Based on the type of product, the segment of drinks controlled the market of sports nutrition worldwide in the year 2021, about 59% of the share of the market as per revenue trailed by supplements and food.
Recent Developments
- GlaxoSmithKline is a U.K. based multinational pharmaceutical and biotechnology company in April 2020 acquired Maxinutrition Group Holdings Limited which is also a U.K. based company manufacturing protein-enhanced functional nutrition products from Darwin Private Equity – a private firm specializing in investments in lower middle market companies.
- Hydroxycut is a sports nutrition brand having parent company named Lovate Health Sciences in January 2022 introduced a novel product named “Cut”- an energy drink helping consumers to cut down their percentage of body fat.
- The Coca-Cola Company which is U.S. based multinational beverage company in March 2020 introduced “Powerade”- an energy drink with many flavors. The strategy involved expanding the company’s portfolio of product with the idea of developing new product.
Competitive Section
Globally, the main companies in the market of sports nutrition include Maxinutrition, Glanbia, PepsiCo, GNC Holdings, Clif Bar & Company, The Coca-Cola Company, and Universal Nutrition.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Sports Nutrition Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Sports Nutrition Industry Impact
Chapter 2 Global Sports Nutrition Competition by Types, Applications, and Top Regions and Countries
2.1 Global Sports Nutrition (Volume and Value) by Type
2.3 Global Sports Nutrition (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Sports Nutrition Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Sports Nutrition Market Analysis
Chapter 6 East Asia Sports Nutrition Market Analysis
Chapter 7 Europe Sports Nutrition Market Analysis
Chapter 8 South Asia Sports Nutrition Market Analysis
Chapter 9 Southeast Asia Sports Nutrition Market Analysis
Chapter 10 Middle East Sports Nutrition Market Analysis
Chapter 11 Africa Sports Nutrition Market Analysis
Chapter 12 Oceania Sports Nutrition Market Analysis
Chapter 13 South America Sports Nutrition Market Analysis
Chapter 14 Company Profiles and Key Figures in Sports Nutrition Business
Chapter 15 Global Sports Nutrition Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued….
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