Sports Nutrition Global Market Report 2024

Sports nutrition is a branch of sports medicine that aids athletes in maintaining their bodies in optimal condition before, during, and after exercise to achieve peak performance. Numerous nutrients are under investigation for their potential to enhance athletic performance, particularly in high-intensity sports involving repetitive efforts.

The primary types of sports nutrition products include sports bars, sports drinks, sports powder, sports supplements, ready-to-drink (RDT) protein drinks, and other variations. Sports bars, in this context, refer to establishments that blend elements of a bar or pub, with a particular focus on providing a social setting for patrons to watch sports events on large-screen televisions. The market segmentation based on raw materials includes animal-derived, plant-based, and mixed sources. Various distribution channels for sports nutrition products encompass supermarkets and hypermarkets, specialty stores, convenience stores, online stores, and other distribution channels. The common end-users of sports nutrition products include fitness enthusiasts, bodybuilders, lifestyle users, and athletes.

The sports nutrition research report is one of a series of new reports from The Business Research Company that provides sports nutrition statistics, including sports nutrition industry global market size, regional shares, competitors with sports nutrition share, detailed sports nutrition segments, market trends and opportunities, and any further data you may need to thrive in the sports nutrition industry. This sports nutrition research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sports nutrition market size has grown rapidly in recent years. It will grow from $39.46 billion in 2023 to $43.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The expansion observed in the historical period can be attributed to several factors, including the proliferation of health clubs, a rise in the number of sports events, an increasing consumer preference for a healthy and active lifestyle, and a growing adoption of supplements by individuals attending gyms.

The sports nutrition market size is expected to see rapid growth in the next few years. It will grow to $65.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. Forecasted growth is fueled by increased gym memberships, sports participation, and government initiatives. Key trends include growing investments, a focus on ready-to-drink whey protein, vegan-based products, clean label ingredients, functional food and beverages, keto-genetic sports nutrition, and performance nutrition.

The anticipated rise in gym memberships is projected to significantly contribute to the expansion of the sports nutrition market in the foreseeable future. Sports nutrition encompasses post-workout supplements such as whey protein and amino acids, aiding muscle growth and recovery, along with pre-workout nutraceuticals such as energy drinks, bars, carbohydrates, and minerals that boost energy levels, hydration, and muscle strength. For instance, as reported by Gymdesk, a US-based gym management software, approximately 52.6 million individuals in the United States frequented gyms in September 2022. This statistic derives from the 64.19 million gym memberships, with 18% of those memberships considered unused. Hence, the surge in gym memberships is poised to positively influence the growth trajectory of the sports nutrition market.

The burgeoning participation in sports activities is anticipated to drive the expansion of the sports nutrition market in the coming years. Sports nutrition plays a vital role in enhancing athletes' skills, power, strength, speed, and endurance. Achieving these attributes necessitates physical training and appropriate nutrition, involving the selection of suitable food types and high-quality nutritional intake essential for effective training outcomes. According to a study conducted by SIGNA Sports United (SSU), a US-based sports e-commerce and technology platform, global sports participation is expected to increase by one billion individuals by 2025, reaching 3.5 billion. With 35% of the world's population engaging in sports activities at least once a month, sports rank as the second most popular leisure activity globally, following travel. Consequently, the escalating participation in sports is forecasted to propel the growth of the sports nutrition market.

The sports nutrition sector is witnessing a notable surge in the adoption of vegan-based products due to the increasing embrace of plant-based diets by a larger consumer base. This shift reflects consumers' preferences for sustainable and ethical choices in meeting their health and fitness requirements. Consequently, sports nutrition manufacturers are responding by introducing plant-based alternatives in the form of protein bars, powders, and Ready-to-Drink (RTD) beverages. Pea protein and various plant protein blends are replacing soy due to concerns about allergies and genetically modified organisms (GMOs). For instance, in January 2023, Osage Food Products, a reputable US-based brand specializing in quality protein and dairy items, launched the SolvPro Vegan Plant Protein Blends. These optimized blends combine diverse plant proteins to offer targeted nutritional and functional benefits for various applications. Combining pea protein isolate, additional masking agents, and EverPro protein isolate in the SolvPro 008 and 009 systems creates a complete plant protein rich in essential amino acids, achieving a PDCAAS of 1.0, comparable to whey protein isolates.

Performance nutrition stands as a burgeoning trend within the sports nutrition industry, centered on leveraging nutrition to optimize athletic performance and recovery. This trend is projected to persist as both athletes and fitness enthusiasts seek products capable of enhancing physical capabilities and yielding improved results. Market players in the sports nutrition sphere are prioritizing performance nutrition to meet the needs of this expanding consumer base. Performance nutrition involves dietary modifications aimed at influencing and enhancing training capacities, recovery, and overall performance. It emphasizes enhancements in muscle mass and body composition through dietary interventions encompassing various aspects such as food types, energy sources, minerals, supplements, and hydration to maintain peak physical performance. For instance, in February 2023, Chew, an innovative US-based food lab, introduced FastFood-a cutting-edge line of high-performance sports nutrition products designed to efficiently fuel both elite and amateur athletes, particularly tailored for triathlon athletes, providing rapid consumption options for optimized performance.

In June 2021, GenTech Holdings, a U.S.-based company focusing on functional foods and coffee, successfully completed the acquisition of NxtBar for an undisclosed sum. Through this strategic acquisition, GenTech aims to leverage operational synergies, particularly by significantly extending the sales reach of NxtBar into major retail outlets with pre-existing relationships. NxtBar, based in the USA, is recognized for its specialization in the production of sports nutrition products, particularly paleo and keto-friendly bars.

Major companies operating in the sports nutrition market report are Glanbia PLC, PepsiCo Inc., Post Holdings Inc., Abbott Laboratories, Otsuka Pharmaceutical Co. Ltd., GNC Holdings Inc., The Coca-Cola Company, Nestle SA, Clif Bar & Company, MusclePharm Corporation, Yakult, Reckitt Benckiser Group PLC, Hormel Foods Corp., Z-Konzept, German Sports Nutrition, Atlantic Grupa DD, OTE Sports Ltd., Nomi Biotech Corporation, Fitness Authority, ALFIT TM, HSN nutrition, World Food, SNC, NutritionPro, Alphamale ATP, Boli Nutriton, Emerix Laboratories, JRM Limited, Crucible Combat Corporation, Amgen, ASPEN, Kilyos, Actylis, Nature's Bounty Co, Biovea, NOW Foods, HealthVit, MedxPharmacy, Nutrition Souq, Shark Supplements and Protein Nutrition, Shark Food Supplements Trading LLC, Ascendis Health, Bayer, Inova Pharmaceuticals, Vital Health Foods, Vitabiotics Ltd., Glaxosmithkline PLC, Raw Sport, Alpha Sports Nutrition, Uber Nutrition, Hammer Nutrition, USN Kenya, menshealth.com, BetterMe, egyfitness

North America was the largest region in the sports nutrition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the sports nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The sports nutrition market consists of sales of sports supplements, protein powder, energy bars, RTD protein drinks, ISO drink powder, sports drinks, and other sports nutrition. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Sports Nutrition Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sports nutrition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for sports nutrition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sports nutrition market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Sports Bars; Sports Drinks; Sports Powder; Sports Supplements; RDT (Ready-To-Drink) Protein Drinks; Other Types
• 2) By Raw Material: Animal Derived; Plant-Based; Mixed
• 3) By End Users: Athletes; Fitness Enthusiasts; Bodybuilders; Lifestyle Users
• 4) By Distribution Channel: Supermarkets/Hypermarkets; Specialty Stores; Convenience Stores; Online Stores; Other Distribution Channels
• Companies Mentioned: Glanbia Plc; PepsiCo Inc; Post Holdings Inc; Abbott Laboratories; Otsuka Pharmaceutical Co. Ltd
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.