According to a recent survey conducted by ChemView Consulting, the Global Sports Nutrition Market grew at a CAGR of 4.7% between 2017-2021 and is estimated to be US$ 37132.4 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.1% and is expected to reach a valuation of US$ 61,063.3 Mn by 2032 end.
Products for sports nutrition can help athletes attain their maximum potential via training, recover more quickly between sessions and competitions, maintain a healthy weight, decrease their risk of injury, and perform consistently. The market for sports nutrition is being driven by the rising number of health clubs, fitness centres, and gyms as well as the expanding use of various exercise programmes in these facilities, where dietitians offer advice on the intake of sports nutrition. For example, the International Health Racquet and Sports club Association (IHRSA) estimates that there were 32,270 health clubs in the United States as of 2021 and that 4.5 billion Americans used health clubs at that time. In Germany, there will be 9.2 million health club patrons in 2022.
One of the main drivers propelling the market is an increase in consumer inclination for a healthy, active lifestyle. Additionally, it is anticipated that the rise would be fueled by young consumers making fitness a major aspect of their lifestyle and by consumers’ rising acceptance of protein supplements. Growth is also being fueled by rising customer demand for nutritional goods with plant-based components and immunity-boosting properties. Furthermore, it is predicted that the demand for sports nutrition products would increase as a result of manufacturers using social media platforms like YouTube and Instagram to advertise their goods. A study by the United Nations Conference on Trade and Development and the Netcomm Suisse eCommerce Association found a 9.0% rise in online sales of pharmaceutical and health items. The market for nutritional supplements is thus driven by this.
Due to the rising prevalence of obesity and the growing usage of supplements to maintain physical health, the lifestyle users segment is anticipated to increase at the quickest rate throughout the projected period. Due to the influence of social media, a sizable consumer base is also consuming different supplements, driving the market. Furthermore, there is a greater need for nutritional supplements due to the rising prevalence of obesity and other chronic conditions worldwide. Seniors are also looking for formulations that will help them stay active and build strength, which will help the category flourish.
Download a Free Sample Copy of Sports Nutrition Market.
https://chemviewconsulting.com/request-sample/sports-nutrition-market/
A list of some of the key suppliers present in the market are:
- Inovate Health Sciences
- Abbott
- Quest Nutrition
- PepsiCo
- Cliff Bar
- The Coca-Cola Company
- MusclePharm
- The Bountiful Company
- Post Holdings
- BA Sports Nutrition
- Cardiff Sports Nutrition
- Jacked Factory
- Orgain
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
For More Details Visit our Report Page.
About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
USA Address
ChemView Consulting
276 5th Avenue Suite 704 – 3186
New York NY 10001
Contact No – +1 315 325 8157
Email ID – [email protected]
