According to the latest report by IMARC Group, titled "Sports Nutrition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global sports nutrition market reached a value of US$ 47.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.2 Billion by 2027, exhibiting at a CAGR of 7.9% during 2022-2027. Sports nutrition represents the practice of maintaining a healthy diet and lifestyle by consuming nutrient-rich food items. It involves exercise physiologists, dietitians, biochemists, cell and molecular biologists, etc., who develop and recommend several nutritional items, such as capsules or tablets, protein powders, protein bars, energy bars, isotonic drink powders, dietary supplements, etc., in an attempt to improve the overall health and performance of athletes and individuals with an active lifestyle. Furthermore, these products aid in replenishing water levels, thereby providing the body with adequate fuel for performing physical activities and minimizing the effects of fatigue, injury, delayed recovery, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sports Nutrition Market Trends:
The increasing prevalence of fitness and sports culture is primarily driving the sports nutrition market. Additionally, the growing consumer inclination towards maintaining a healthy lifestyle that helps in sustaining wellness levels while reducing the possibilities of lifestyle diseases is further catalyzing the market growth. Besides this, the inflating number of professional bodybuilders, athletes, and young people opting for sports as their career is acting as another significant growth-inducing factor. Moreover, key market players are also introducing lactose-free and vegan alternatives, on account of the rising concerns among individuals towards the harmful impact of synthetic ingredients in nutritional drinks and supplements. This, in turn, is anticipated to propel the sports nutrition market over the forecasted period.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/sports-nutrition-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- The Coca-Cola Company
- Abbott Nutrition Inc.
- PepsiCo Inc.
- Glanbia Plc.
- Reckitt Benckiser Group Plc.
- Yakult Honsha Co. Ltd.
- Post Holdings Inc.
- GNC Holdings
- Clif Bar & Company
- Otsuka Pharmaceutical Co. Ltd.
- Atlantic Multipower UK Limited
- GlaxoSmithKline PLC
- Olimp Laboratories
- Ultimate Nutrition Inc.
- PowerBar Europe GmbH
Breakup by Product Type:
- Sports Food
- Sports Drinks
- Sports Supplements
Breakup by Raw Material:
- Animal Derived
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Drug and Specialty Stores
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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