Sports Nutrition Market industry, business, strategies, opportunities, sales revenue and forecast 2027
The expanding senior population requires specialised nutritional treatment for a number of chronic and neurogenic disorders such as dementia, stroke, multiple sclerosis, and swallowing difficulties, which is likely to drive the Sports Nutrition market throughout the forecast period. According to the World Health Organisation, the global population of persons aged 60 and more is predicted to double between 2015 and 2050, rising from 12% to 22%. Furthermore, rising demand for specialised meals to address chronic illnesses such as obesity, diabetes, and other nutritional ailments is projected to push the usage of medicinal foods.
Sports Nutrition Market Report Scope and Research Methodology
The study examines the most important Sports Nutrition market trends and how they will affect new business investments and industry development. Market trends influence new technology, new rules, government investment, new uses, foreign entry, and other industry dynamics. This research contains a detailed trend analysis to help clients make decisions about expanding their presence in the Sports Nutrition market.
The Sports Nutrition Market Research offers unique important statistics, facts, information, trends, and competitive landscape insights in the specific industry. The current state of the Sports Nutrition The market is examined, and the market is projected through 2029. The report is likely to include company profiles, capacity, production, price, cost, revenue, and contact information for the world's major manufacturers of Sports Nutrition market share.
Sports Nutrition Market overview:
According to market research, the entire Sports Nutrition Market is predicted to rise rapidly. The study discusses the Sports Nutrition market's growth drivers, main restraints, emerging difficulties, and current opportunities. The research includes a region- and segment-specific analysis of the dynamics and Sports Nutrition market size.
Sports Nutrition Market size was valued at US$ 36.87 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 8.5% through 2021 to 2027, reaching nearly US$ 65.27 Bn
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Sports Nutrition Market Regional Insights:
The report includes a detailed analysis of all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.
Sports Nutrition Market Segmentation:
The sports nutrition market is divided into four categories: sports supplements, sports drinks, sports foods, meal replacement products, and weight loss products. By 2027, the Sports Supplements sector is estimated to have the greatest market share of xx%. This is attributable to an increase in the intake of protein supplements like whey protein as well as the availability of other plant proteins like soy, spirulina, pumpkin seed, hemp, rice, and pea. Furthermore, the market is predicted to grow as athletes and gym visitors ingest more proteins for muscle building. Furthermore, the availability of a wide choice of protein supplements at stores such as Walmart, Amazon, and Vitamin Shoppe is projected to promote market growth.
The sports nutrition market is divided into four applications: pre-workout, post-workout, weight loss, and others. Post-workout vitamins can help you repair injured muscles, increase muscle gain, recover, and retain muscle mass. Because of the multiple benefits of post-workout supplements, as well as growing awareness of post-workout supplements, the post-workout segment is predicted to rise. Post-workout supplements such as branched-chain amino acids, glutamine, and casein are becoming increasingly popular as people become more aware of their benefits.
The market is divided into two segments based on distribution channel: brick and mortar and e-commerce. The brick and mortar distribution channel sector will account for around 75.0% of total sales in 2021. A large variety of products are readily available at brick and mortar institutions such as specialist stores, small retail stores, fitness institutes, grocery stores and general discount stores. Customer loyalty programmes and membership incentives are also accessible in physical stores. All of these reasons lead to the sports nutrition market's sizable revenue share.
E-commerce market The COVID-19 became widely used in 2020, and the associated lockdowns increased E-commerce. Furthermore, to capitalise on the industry's rapid expansion, e-commerce merchants such as Amazon are moving into sports nutrition. Discounts on a variety of supplements are one of the primary motivators for consumers to purchase sports nutrition items online.
Sports Nutrition Market Key Players include:
Iovate Health Sciences
Abbott
Quest Nutrition
PepsiCo
Cliff Bar
The Coca Cola Company
MusclePharm
The Bountiful Company
Post Holdings
BA Sports Nutrition
Cardiff Sports Nutrition
Atlantic Multipower UK Limited
GlaxoSmithKline PLC
Olimp Laboratories
Ultimate Nutrition Inc.
PowerBar Europe GmbH
Key Questions answered in the Sports Nutrition Market Report are:
- What is Sports Nutrition Market?
- What is the expected CAGR of the Sports Nutrition market during the forecast period?
- What is the expected Sports Nutrition market size by 2029?
- What factors are affecting the Sports Nutrition market growth?
- Which region held the largest share of the Sports Nutrition market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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