Allied Market Research
Loading...
0

Sports Nutrition Market Expected to Reach $67.9 Billion by 2030-Allied Market Research

 

Report Code : A00614

quote Sports nutrition products made of organic, vegan, and gluten free ingredients are gaining high traction amongst consumers of developed regions quote

Shankar Bhandalkar
Team Lead-Research, Consumer Goods at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Sports Nutrition Market by Type, End User, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sports nutrition market size was valued at $34.8 billion in 2020, and is projected reach $67.9 billion by 2030, registering a CAGR of 5.4% from 2021 to 2030.

A large number of gyms, fitness centers, and athletic centers are being built in many countries across the world. This is due to the increase in fitness and health conscious people. This is leading to an increase in the number of people that are visiting these establishments, and to get peak performance and results, they are consuming sports nutrition products. Most of the consumers use sports drinks to fuel their performance and protein powders to gain muscle mass and speed up the process of muscle regeneration. Serious bodybuilders also use creatine, BCAA, and other types of supplements that further promote muscle mass gains and helps provide the desired musculature. Other products like RTD protein drinks and energy bars are heavily consumed by sports people as well as regular, non-sports consumers as they are healthier than consuming sodas or other forms of snacks.

The sports nutrition market is highly fragmented with significant presence of a large number of regional players. Sports nutrition have gained huge traction over the last few years, owing to which various low-quality sports nutrition are flooded in the market. The right type of sports nutrition has no side effect on the consumers. However, counterfeit and low-quality sports nutrition available in the market might increase the risk of allergies and diseases. Low-quality ingredients and production might cause the body harm rather than helping the body. A lot of these counterfeits imitate big brands and names, which tarnishes the brand image. International organizations in collusion with leading brands have introduced stringent rules and regulations to curb well entrenched system of counterfeiting however, more efforts need to be made regionally and globally in order to scuttle the rapidly advancing counterfeiting market. Therefore, availability of low-quality counterfeit product hampers the overall expansion of the market in terms of value sales.

According to Shankar Bhandalkar, Team Lead-Research, Consumer Goods at Allied Market Research, “Sports nutrition products made of organic, vegan, and gluten free ingredients are gaining high traction amongst consumers of developed regions

The global sports nutrition market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America leads in terms of sports nutrition market share for 2020, while Asia-Pacific is forecasted to grow with significant sports nutrition market growth during the forecast period owing to growing disposable income, extensive advertising and promotion, and large scale urbanization. China along with India and South East Asian countries is likely to witness increased demand of sports nutrition products in the coming years.

The global report is studied on the basis of type, material, price point and sales channel. By type, the market is divided into protein powder, ISO drink powder, sports supplements, RTD protein drinks, sports drinks, energy bars, and others. By end user, the market is studied across athletes, bodybuilders, and lifestyle users. By sales channel, the market is studied hypermarket/supermarket, drugs and specialty stores, fitness centers, and online channels.

Key Findings Of The Study

  • Depending on the type, protein powder occupy the major market share in the base year and energy bars are expected to grow with the highest CAGR during the forecast period of sports nutrition industry.
  • By end user, lifestyle account for the largest share in the market and it is also expected to have the highest growth.
  • According to the sales channels, hypermarkets/supermarkets are the biggest source of purchase of sports nutrition products and the use of online channels is expected to increase during the sports nutrition forecast period.
  • Region wise, North America is the largest consumer of sports nutrition products and the use of such products is expected to increase rapidly in the Asia-Pacific region.
  • Depending on the sports nutrition market trends, there is growing health awareness and rising consumer shift towards nutritional beverages in order to stay fit.

Some of the major players profiled for in the sports nutrition market analysis include Abbott Nutrition, Inc., Clif Bar & Company, Glanbia Plc., GNC Holdings, Otsuka Pharmaceutical Co., Ltd., PepsiCo Inc., Post Holdings, Inc., Reckitt Benckiser Group Plc., The Coca-Cola Company, Yakult Honsha Co., Ltd.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Sports Nutrition Market by Type, (Protein Powder, ISO Drink Powder, Sports Supplements, RTD Protein Drinks, Sports Drinks, Energy Bars, and Others), End User (Athletes, Bodybuilders, and Lifestyle Users), and Sales Channel (Hypermarket/Supermarket, Drugs and Specialty Stores, Fitness Centers, and Online Channels): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,023 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Sports Nutrition Market"
Purchase Enquiry