Global Sports Nutrition Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030
Report ID: RC3985 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 10th, 2023The global sports nutrition market size is projected to grow at a significant CAGR of over 10% during the forecast period 2021 to 2027. The rising awareness of consumers regarding health and fitness is a major factor to drive the market growth. The increasing interest in sports activities across various countries is further expected to boost the market over the forecast period. Moreover, the risk associated with the COVID-19 patients suffering from heart disease, diabetes, and obesity has contributed the market growth significantly. In addition, the increasing interest of some key manufacturers to launch new products is anticipated to fuel the market growth over the forecast period.
Market Drivers:
Growing Interest in Health and Fitness: There is a global trend towards a healthier lifestyle and increased participation in sports and fitness activities. As more individuals engage in regular exercise and sports, there is a corresponding demand for sports nutrition products to support their performance, recovery, and overall well-being.
Increasing Awareness of Sports Nutrition Benefits: The awareness of the benefits of sports nutrition has been on the rise. Sports nutrition products, such as protein powders, energy bars, and sports drinks, are recognized for their ability to enhance athletic performance, aid in muscle recovery, and support weight management. The growing awareness and understanding of these benefits contribute to the market growth.
Expansion of Sports and Fitness Industry: The sports and fitness industry has been experiencing significant growth globally. This includes the proliferation of gyms and fitness centers, increased participation in organized sports events, and the rise of professional sports. The expansion of this industry creates a conducive environment for the growth of the sports nutrition market.
Growing Demand for Convenience and On-the-go Products: Convenience plays a vital role in consumer purchasing decisions. Sports nutrition products that offer convenience, portability, and ease of consumption, such as ready-to-drink beverages and single-serve protein bars, are in high demand. The busy and active lifestyles of individuals drive the need for easily accessible and convenient sports nutrition options.
Influence of Social Media and Fitness Influencers: Social media platforms have become influential in shaping consumer preferences and purchasing decisions. Fitness influencers and athletes often promote sports nutrition products through their social media channels, driving awareness and creating a demand among their followers. The power of social media marketing and endorsements significantly contributes to the growth of the sports nutrition market.
Technological Advancements in Sports Nutrition Products: The sports nutrition industry has witnessed advancements in product formulations, ingredient sourcing, and manufacturing processes. This includes innovations in protein sources, introduction of functional ingredients, and improved taste and texture of products. Technological advancements drive product development, offering consumers a wider range of options and improved product effectiveness.
Increasing Focus on Personalized Nutrition: Personalized nutrition is gaining traction as consumers seek customized solutions that cater to their unique needs and goals. Companies are developing sports nutrition products that can be tailored to individual requirements based on factors such as body composition, training goals, and dietary preferences. The demand for personalized sports nutrition products drives innovation and market growth.
Expansion into New Consumer Segments: Traditionally, sports nutrition products were primarily targeted at athletes and bodybuilders. However, the market has expanded beyond this niche and now includes a broader consumer base. Sports nutrition products are being marketed to fitness enthusiasts, recreational athletes, and individuals pursuing an active lifestyle. The expansion into new consumer segments has opened up new opportunities for market growth.
Market Outlook:
Benchmark Year | 2022 | ||
Market Size | lock | ||
Market Growth (CAGR) | > 10% (2023-2030) | ||
Largest Market Share | North America | ||
Analysis Period | 2020-2030 | ||
Market Players | PepsiCo., Abbott, Clif Bar & Company, Science in Sport, and TheHut.com Ltd. |
Market Insights:
The global sports nutrition market is segmented into product type, end-user, distribution channel, and geography. On the basis of product type, the market is further classified into sports drinks, sports supplements, and sports foods. The sports supplement segment is accounted to hold the largest market share of over 80% of the market in 2020 and expected to maintain its dominance over the forecast period. The segment growth is attributed to the increasing consumption of supplements by gym-goers and athletics to maintain their strength and immunity. In contrast, the sports food segment is expected to grow at the highest growth rate over the forecast period due to the rising adoption of protein and energy bars as healthy snacks.
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The sports nutrition comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The sports nutrition market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2018-19 – Historical Year
- 2020 – Base Year
- 2021-2027 – Forecast Period
Market Segmentation:
By Product Type:
- Sports Drink
- Sports Supplements
- Sports Foods
By End-User:
- Athletes
- Bodybuilders
- Recreational Users
- Lifestyle Users
By Distribution Channel:
- Large Retail & Mass Merchandisers
- Small Retail
- Drug & Specialty Stores
- Gym & Health Clubs
- Online & Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographic Coverage:
Geographically, North America dominated the global sports nutrition market in 2020 and held the largest market share around 60% of the market in terms of revenue. The rising awareness regarding health & fitness and easy availability of nutritious in the market has contributed the market growth in the region. Furthermore, the increasing support of government initiatives is expected to drive the market growth in the region. On the other hand, Europe is accounted to grow at the fastest growth rate over the forecast period due to the increasing awareness of consumers towards a healthy lifestyle, weight management, and fitness.
Market Competition Assessment:
Some of the major players operating in the global sports nutrition market are PepsiCo., Abbott, Clif Bar & Company, Science in Sport, and TheHut.com Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Coca-Cola Company
- Abbott Nutrition Inc.
- PepsiCo Inc.
- Glanbia Plc.
- Reckitt Benckiser Group plc
- Yakult Honsha Co Ltd.
- Science in Sport
- com Ltd.
- Post Holdings, Inc.
- GNC Holdings
- Clif Bar & Company
Key Questions Answered by Sports Nutrition Market Report:
- Global sports nutrition market forecasts from 2021-2027
- Regional sports nutrition market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
- Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
- Sports nutrition submarket forecasts from 2021-2027 covering the market by product type, by end-user, by distribution channel, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the sports nutrition market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level sports nutrition markets from 2021-2027
- Competitive Landscape and market positioning of top 10 players operating in the sports nutrition market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Sports Nutrition Market Portraiture
2.2. Global Sports Nutrition Market, by Product Type, 2020 (USD Mn)
2.3. Global Sports Nutrition Market, by End-User, 2020 (USD Mn)
2.4. Global Sports Nutrition Market, by Distribution Channel, 2020 (USD Mn)
2.5. Global Sports Nutrition Market, by Geography, 2020 (USD Mn)
3. Global Sports Nutrition Market Analysis
3.1. Sports Nutrition Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery
4. Global Sports Nutrition Market By Product Type, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Sports Drink
4.3. Sports Supplements
4.4. Sports Foods
5. Global Sports Nutrition Market By End-User, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. Athletes
5.3. Bodybuilders
5.4. Recreational Users
5.5. Lifestyle Users
6. Global Sports Nutrition Market By Distribution Channel, 2018 – 2027 (USD Mn)
6.1. Overview
6.2. Large Retail & Mass Merchandisers
6.3. Small Retail
6.4. Drug & Specialty Stores
6.5. Gym & Health Clubs
6.6. Online
6.7. Others
7. North America Sports Nutrition Market Analysis and Forecast, 2018 – 2027 (USD Mn)
7.1.1. Overview
7.1.2. North America Sports Nutrition Market by Product Type (2018-2027 USD Mn)
7.1.3. North America Sports Nutrition Market by End-User (2018-2027 USD Mn)
7.1.4. North America Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
7.1.5. North America Sports Nutrition Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Sports Nutrition Market by Product Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Sports Nutrition Market by End-User (2018-2027 USD Mn)
7.1.5.1.3. U.S. Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Sports Nutrition Market by Product Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Sports Nutrition Market by End-User (2018-2027 USD Mn)
7.1.5.2.3. Canada Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
8. Europe Sports Nutrition Market Analysis and Forecast, 2018 – 2027 (USD Mn)
8.1.1. Overview
8.1.2. Europe Sports Nutrition Market by Product Type (2018-2027 USD Mn)
8.1.3. Europe Sports Nutrition Market by End-User (2018-2027 USD Mn)
8.1.4. Europe Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
8.1.5. Europe Sports Nutrition Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Sports Nutrition Market by Product Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Sports Nutrition Market by End-User (2018-2027 USD Mn)
8.1.5.1.3. Germany Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Sports Nutrition Market by Product Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Sports Nutrition Market by End-User (2018-2027 USD Mn)
8.1.5.2.3. U.K. Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Sports Nutrition Market by Product Type (2018-2027 USD Mn)
8.1.5.3.2. France Sports Nutrition Market by End-User (2018-2027 USD Mn)
8.1.5.3.3. France Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Sports Nutrition Market by Product Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Sports Nutrition Market by End-User (2018-2027 USD Mn)
8.1.5.4.3. Italy Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Sports Nutrition Market by Product Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Sports Nutrition Market by End-User (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
9. Asia Pacific Sports Nutrition Market Analysis and Forecast, 2018 – 2027 (USD Mn)
9.1.1. Overview
9.1.2. Asia Pacific Sports Nutrition Market by Product Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Sports Nutrition Market by End-User (2018-2027 USD Mn)
9.1.4. Asia Pacific Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
9.1.5. Asia Pacific Sports Nutrition Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Sports Nutrition Market by Product Type (2018-2027 USD Mn)
9.1.5.1.2. China Sports Nutrition Market by End-User (2018-2027 USD Mn)
9.1.5.1.3. China Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Sports Nutrition Market by Product Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Sports Nutrition Market by End-User (2018-2027 USD Mn)
9.1.5.2.3. Japan Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Sports Nutrition Market by Product Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Sports Nutrition Market by End-User (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
10. Latin America (LATAM) Sports Nutrition Market Analysis and Forecast, 2018 – 2027 (USD Mn)
10.1.1. Overview
10.1.2. Latin America Sports Nutrition Market by Product Type (2018-2027 USD Mn)
10.1.3. Latin America Sports Nutrition Market by End-User (2018-2027 USD Mn)
10.1.4. Latin America Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
10.1.5. Latin America Sports Nutrition Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Sports Nutrition Market by Product Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Sports Nutrition Market by End-User (2018-2027 USD Mn)
10.1.5.1.3. Brazil Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Sports Nutrition Market by Product Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Sports Nutrition Market by End-User (2018-2027 USD Mn)
10.1.5.2.3. Mexico Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Sports Nutrition Market by Product Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Sports Nutrition Market by End-User (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
11. Middle East and Africa Sports Nutrition Market Analysis and Forecast, 2018 – 2027 (USD Mn)
11.1.1. Overview
11.1.2. MEA Sports Nutrition Market by Product Type (2018-2027 USD Mn)
11.1.3. MEA Sports Nutrition Market by End-User (2018-2027 USD Mn)
11.1.4. MEA Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
11.1.5. Middle East and Africa Sports Nutrition Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Sports Nutrition Market by Product Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Sports Nutrition Market by End-User (2018-2027 USD Mn)
11.1.5.1.3. GCC Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
11.1.5.2. Rest of MEA
11.1.5.2.1. Rest of MEA Sports Nutrition Market by Product Type (2018-2027 USD Mn)
11.1.5.2.2. Rest of MEA Sports Nutrition Market by End-User (2018-2027 USD Mn)
11.1.5.2.3. Rest of MEA Sports Nutrition Market by Distribution Channel (2018-2027 USD Mn)
12. Company Profiles
12.1. Coca-Cola Company
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Abbott Nutrition Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. PepsiCo Inc.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Glanbia Plc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Reckitt Benckiser Group plc
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Yakult Honsha Co Ltd.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Clif Bar & Company
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Science in Sport
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. TheHut.com Ltd.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Post Holdings, Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. GNC Holdings
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis
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