Sports Nutrition Market

Global Sports Nutrition Market Report: By Product Type (Sports Drinks, Meal Replacement Products, Sports Supplements, Weight Loss Product, Sports Foods), Consumer Group (Adults, Children, Geriatric), and Region (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

Food & Beverages | February 2024 | Report ID: EMR00563 | Pages: 301

Global Sports Nutrition market is predicted to reach approximately USD 69.24 billion by 2032, at a CAGR of 6.82% from 2024 to 2032.

The Global Sports Nutrition market refers to the expansive industry focused on providing specialized nutritional products and supplements designed to enhance athletic performance, aid in muscle recovery, and promote overall health and wellness among athletes and fitness enthusiasts. This market encompasses a wide range of products including protein powders, energy bars, sports drinks, and dietary supplements tailored to meet the unique nutritional needs of individuals engaged in various forms of physical activity, from professional athletes to weekend warriors. With the growing emphasis on health and fitness worldwide, coupled with increasing awareness of the importance of nutrition in optimizing athletic performance, the sports nutrition market has witnessed significant growth in recent years. Key drivers of this growth include rising health consciousness among consumers, expanding fitness trends, and advancements in sports science and research, which continue to drive innovation and product development within the industry. Additionally, the proliferation of e-commerce platforms and digital marketing channels has facilitated greater accessibility and consumer reach for sports nutrition products, further fuelling market expansion.

 

 

Global Sports Nutrition report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 38.24 billion

Projected Market Value (2032)

USD 69.24 billion

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Product Type, By Consumer Group, & Region.

Segments Covered

By Product Type, By Consumer Group, & By Region.

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Sports Nutrition dynamics

One of the primary drivers is the escalating global health and wellness trend, with consumers increasingly prioritizing fitness and nutrition to optimize their physical performance and overall well-being. This trend is further fuelled by a growing awareness of the importance of nutrition in achieving fitness goals, driving demand for specialized sports nutrition products and supplements. Additionally, the expanding base of health-conscious consumers, including athletes, fitness enthusiasts, and health-conscious individuals, continues to propel market growth.

Scientific discoveries and technological breakthroughs have a significant influence on how sports nutrition is shaped. The introduction of cutting-edge formulations and ingredients targeted at improving sports performance, speeding up muscle recovery, and promoting general health is the result of ongoing research and development efforts. Furthermore, improvements in production methods and product formulations have made it possible to produce sports nutrition products that are more palatable and practical, meeting the changing needs of consumers in terms of taste, texture, and convenience.

 

Global Sports Nutrition drivers

  • Growing Health and Fitness Consciousness

The market for sports nutrition is significantly influenced by the growing emphasis on fitness and health in society. Consumers are adopting healthier lifestyles and looking for products to support their fitness goals as awareness of the advantages of physical activity and proper nutrition grows. Millennials and Generation Z, who place a high value on wellness and are prepared to spend money on high-end sports nutrition products, are especially exhibiting this trend. Because of this, producers and merchants are profiting from this demand by providing a wide selection of cutting-edge goods catered to various fitness requirements and tastes.

  • Expanding Distribution Channels

The proliferation of distribution channels, particularly e-commerce platforms and specialty retail outlets, has greatly expanded the reach and accessibility of sports nutrition products. Online marketplaces provide consumers with convenient access to a wide array of products, enabling them to compare prices, read reviews, and make informed purchasing decisions from the comfort of their homes. Additionally, the rise of brick-and-mortar specialty stores and fitness centers allows consumers to interact with knowledgeable staff and access personalized recommendations, enhancing the overall shopping experience. The increasing availability of sports nutrition products through diverse channels has facilitated market penetration and contributed to sustained growth in the industry.

 

Restraints:

  • Regulatory Challenges and Compliance Costs

Regulation authorities in various jurisdictions impose strict regulations and compliance standards on the sports nutrition market. For manufacturers and distributors, ensuring compliance with labelling laws, ingredient specifications, and quality standards requires a major investment of time, money, and resources. Furthermore, companies that operate in multiple markets face challenges due to regulatory complexities and variations across different regions, which can result in increased administrative burdens and legal risks. Continuous monitoring, adjustment, and investment in compliance measures are necessary to navigate the regulatory environment. These requirements can limit market entry and expansion, especially for smaller players with limited resources.

  • Consumer Skepticism and Safety Concerns

Sports nutrition products are becoming more and more popular, but consumer mistrust and safety worries about possible negative effects and product efficacy continue to be major roadblocks to market expansion. The industry has lost the trust of consumers due to misinformation, deceptive advertising, and disputes about specific ingredients. In addition, publicised instances of contamination and adulteration have increased consumer scrutiny of product labels and assurances of product integrity by bringing attention to concerns related to product safety and quality. Building trust and credibility in the sports nutrition market requires addressing consumer scepticism and improving transparency through strict quality control procedures, third-party certifications, and educational programmes.

 

Opportunities:

  • Personalization and Customization

The growing demand for personalized nutrition solutions presents a significant opportunity for innovation and differentiation within the sports nutrition market. Consumers increasingly seek products tailored to their unique nutritional needs, fitness goals, and lifestyle preferences. Advances in technology, such as wearable devices and genetic testing, enable personalized health assessments and insights, empowering individuals to make informed choices about their diet and supplementation regimen. Manufacturers can capitalize on this trend by offering customizable products, personalized recommendations, and interactive digital platforms that cater to diverse consumer profiles and promote long-term engagement and loyalty.

 

Segment Overview

  • By Product Type

By product type, the sports nutrition market encompasses a diverse range of segments tailored to meet the unique needs and preferences of consumers engaged in various forms of physical activity and fitness regimens. Sports drinks represent a prominent segment, offering hydration and replenishment of electrolytes during and after exercise to support optimal performance and recovery. Meal replacement products provide convenient and nutritionally balanced alternatives to traditional meals, catering to individuals seeking convenient and portable options to fuel their active lifestyles. Sports supplements, including protein powders, amino acids, and creatine, are widely used to enhance muscle growth, strength, and endurance, serving as essential components of pre- and post-workout nutrition regimes. Weight loss products target consumers seeking to manage weight and body composition by promoting fat loss, increasing metabolism, and controlling appetite. Sports foods encompass a diverse array of products ranging from energy bars and protein snacks to ready-to-eat meals, offering convenient and nutritious options to support sustained energy levels and muscle recovery during physical activity.

  • By Consumer Group   

Adults comprise a significant portion of the market, encompassing fitness enthusiasts, athletes, and health-conscious individuals seeking to optimize performance, enhance muscle recovery, and achieve their fitness goals through targeted nutrition and supplementation. Children represent another consumer group targeted by sports nutrition products, with offerings tailored to support healthy growth, development, and athletic performance in young athletes and active kids. Geriatric consumers, including older adults and seniors, increasingly recognize the importance of nutrition and physical activity in maintaining mobility, vitality, and overall quality of life. Sports nutrition products tailored to this demographic focus on promoting joint health, bone density, and cognitive function, addressing age-related concerns and supporting active aging lifestyles. Collectively, these consumer segments reflect the diverse demographics and evolving dietary preferences driving demand and innovation within the sports nutrition market, as manufacturers and retailers strive to deliver tailored solutions that meet the unique needs and lifestyles of consumers across different age groups and activity levels.

 

Global Sports Nutrition Overview by Region

North America stands as a prominent market hub, driven by a robust sports and fitness culture, heightened health consciousness, and a penchant for innovative dietary supplements and functional foods. The region boasts a mature sports nutrition market with a strong presence of established brands, extensive distribution networks, and a diverse range of product offerings catering to a wide spectrum of consumers, from professional athletes to health-conscious individuals. In Europe, the sports nutrition market continues to expand rapidly, fuelled by growing health and wellness trends, increasing participation in sports and fitness activities, and rising demand for natural and organic products. The region's stringent regulatory environment and consumer preferences for clean labels and sustainable sourcing drive product innovation and quality standards. Asia Pacific emerges as a burgeoning market driven by urbanization, rising disposable incomes, and changing dietary habits, particularly in populous countries such as China, India, and Japan. Rapid urbanization, westernization of lifestyles, and increasing adoption of fitness trends contribute to rising demand for sports nutrition products, presenting lucrative growth opportunities for international and domestic players alike. Latin America and the Middle East & Africa regions witness nascent but promising growth trajectories, driven by expanding middle-class populations, rising health awareness, and growing investments in sports infrastructure and events. While these regions face challenges related to economic volatility, political instability, and infrastructural constraints, they offer untapped potential for market penetration and expansion, supported by evolving consumer preferences and increasing availability of sports nutrition products through online channels and retail outlets.

 

Global Sports Nutrition market competitive landscape

Established multinational corporations such as Glanbia plc, PepsiCo Inc. (through its subsidiary Gatorade), and Abbott Laboratories dominate the market with a diverse portfolio of sports nutrition brands and products catering to various consumer segments and fitness goals. These industry giants leverage extensive distribution networks, strong brand equity, and significant investments in research and development to drive product innovation, expand market reach, and maintain competitive advantage. Additionally, mergers, acquisitions, and strategic partnerships are prevalent strategies employed by market leaders to strengthen their market position, broaden product offerings, and capitalize on emerging trends and opportunities. Alongside established players, a growing number of niche and emerging brands are disrupting the market with innovative formulations, targeted marketing strategies, and a focus on natural, organic, and clean label ingredients to appeal to discerning consumers seeking transparency and authenticity in their nutrition choices. Furthermore, the competitive landscape is shaped by evolving consumer preferences, technological advancements, regulatory developments, and shifting market dynamics, driving continuous innovation and strategic adaptation among industry stakeholders.

 

 

Global Sports Nutrition Recent Developments

  • Aug 2023, BUILD, a sports nutrition supplement start-up announced its intention to secure funding with the goal of becoming a $12 million brand within the next three years.
  • Dec 2023, Bain Capital has confirmed its acquisition of a notable share in 1440 Foods, a collection of sports and active nutrition brands. The financial specifics of the deal remain undisclosed. Under the leadership of CEO Azania Andrews and the existing management team, 1440 Foods will maintain its operational continuity.

 

Scope of global Sports Nutrition report

Global Sports Nutrition report segmentation

ATTRIBUTE

DETAILS

By Product Type

  • Sports Drinks
  • Meal Replacement Products
  • Sports Supplements
  • Weight Loss Product
  • Sports Foods

By Consumer Group

  • Adults
  • Children
  • Geriatric

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Sports Nutrition size and forecast: To identify and estimate the market size for global Sports Nutrition market segmented by Product Type, By Consumer Group, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Sports Nutrition
  • Market Influencing Factors: To find out the factors which are affecting the market of global Sports Nutrition among consumers.
  • Company Profiling: To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Sports Nutrition forecast period is 2024 - 2032.
According to global Sports Nutrition research, the market is expected to grow at a CAGR of ~ 6.82% over the next eight years.
The possible segments in global Sports Nutrition are based on by Product Type, By Consumer Group, & by region.
The expected market size for Global Sports Nutrition is USD 38.24 billion in 2023.
The major players in the market are PepsiCo, The Coca-Cola Company, Post Holdings, Abbott, The Bountiful Company, Quest Nutrition, MusclePharm , Iovate Health Sciences, BA Sports Nutrition, Cliff Bar, Orgain, Cardiff Sports Nutrition and Jacked Factory.