Sports Nutrition Market Size, Share, Key Players, Growth Trend, and Forecast, 2020-2027
The Global Sports Nutrition Market was valued at USD 24.25 billion in the base year 2020, and is projected to reach USD 47.92 billion by 2027, with a CAGR of 10.2% during the forecast period (2017-2027).
The major factor attributing to the growth in sports nutrition market is the growing popularity of fitness, self-care and preventive medication among people. The mounting cases of lifestyle diseases such as obesity and diabetes are rapidly increasing across the globe. As per the data released by International Diabetes Federation, in 2019, 463 million adults between the age group of 20-79 years suffered from diabetes and is projected to reach at 700 million by 2045. The increasing consumption of packaged and processed food is resulting in decreasing nutritional level in the human body. In addition, long working hours and a busy lifestyle are posing several challenges in healthy eating patterns and thus, leading to anxiety, weakness, depression, and other health-related issues.
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Therefore, to serve this nutrition gap, consumers are rapidly inclining towards nutritional products and sports supplements which is thereby impacting the growth of global sports nutrition market. Various sports nutrition such as protein powders, creatine, supplement powder, protein and energy bars are widely being adopted as they help in maintaining sufficient nutrition and energy level in the human body for the entire day. In addition, these sports nutrition solutions further help in delaying onset fatigue, improves body composition & strength and reduces the risk of stomach aches and heat cramps. Owing to these factors, increase in the participation of fitness activities and growing awareness of various sports supplements is expected to augment the sports nutrition market during the forecast period.
Global Sports Nutrition Market by Region Outlook (Revenue, USD Billion, 2017-2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The Global Sports Nutrition Market Segmentation:
Global Sports Nutrition Market End-User Outlook (Revenue, USD Billion, 2017-2027)
- Athletes
- Bodybuilders
- Recreational Users
- Lifestyle Users
Global Sports Nutrition Market Type Outlook (Revenue, USD Billion, 2017-2027)
- Protein Powder
- Iso Drink Powder
- Creatine
- BCAA
- Supplement Powder
- RTD Protein Drinks
- Sports Drinks
- Carbohydrate Drinks
- Protein Bars
- Energy Bars
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Global Sports Nutrition Market Distribution Channel Outlook (Revenue, USD Billion, 2017-2027)
- Large Retail & Mass Merchandisers
- Small Retail
- Drug & Specialty Stores
- Fitness Institutions
- Online
Key Findings:
- Based on product type, the supplement powder segment is estimated held the largest share in 2020 and expected to dominate the sports nutrition market during the forecast period.
- Based on distribution channel, drug & specialty Stores along with the small retail segment is projected to have a significant share in the sports nutrition market.
- Based on region, Asia-Pacific is projected attain the fastest growth in sports nutrition market during the forecast period.
Company Profiles and Competitive Intelligence
The key players operating in the global sports nutrition market are:
- Ultimate Nutrition Inc.
- Glanbia Plc.
- Abbott Nutrition, Inc.
- Reckitt Benckiser Group Plc.
- Post Holdings, Inc.
- Yakult Honsha Co., Ltd.
- GNC Holdings
- Otsuka Pharmaceutical Co., Ltd.
- Clif Bar & Company
- Hormel Foods Corporation
- Stokely-Van Comp, Inc.
- MusclePharm.
- AirStrip Technologies
- Science in Sport
- The Hut Group
- Cardiff Sports Nutrition Ltd
- PowerBar
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Recent News:
- In June, 2021, Maheshwari Pharmaceuticals Private Limited (MPIL), a leading herbal Ayurveda pharma brand in India, launched its new product ‘Protium’. Protium is a pro-performance protein powder, which combines 85% Whey isolate concentrate that is sourced from Europe along with ayurvedic herbs such as Hadjob, Ashwagandha, Pomegranate, Hadjob and Kaunch.
- In September 2020, Lonza announced the launch of its first probiotic ingredient ‘TWK10’ for sports nutrition. This new ingredient is a Lactobacillus Plantarum strain which is isolated from the Taiwanese Kimchi strain, that helps in enhancing athletic performance by improving muscle endurance and energy harvesting.
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