The global sports nutrition market is anticipated to reach US$26.7 billion by 2023. In 2023, the global sports nutrition market B2B is expected to be worth US$ 8.8 billion, while the global sports nutrition market B2C is expected to be worth US$ 17.9 billion. Individuals are becoming more sensitive of their physical well-being, and there is a notable global trend towards prioritising health and fitness. As a result, there is an increase in the demand for sports nutrition products. According to FMI, market sales might hit US$ 61.6 billion by 2033, exhibiting an 11.5% CAGR.
ESOMAR-certified consulting firm Future Market Insights (FMI) projects sports nutrition market to register an impressive growth through 2021 & beyond. Demand for organic sports nutrition beverages will increase, augmenting the sales in the market.
Unlock the Power of Knowledge! Download our Report Sample Now and Enhance Your Understanding Today.@
https://www.futuremarketinsights.com/reports/sample/rep-gb-12060
Since the introduction of online fitness facilities and health programmes, sales of energy bars with a focus on sports nutrition and ready-to-drink sports beverages have surged. Manufacturers are collaborating with nearby and regional fitness facilities to take advantage of present opportunities.
Key Takeaways from FMI’s Sports Nutrition Market Study
Trend for veganism and healthy lifestyle among fitness enthusiasts will drive the sales of plant-derived ingredient sports nutrition. This segment is expected to hold maximum share in the global market. In terms of nature, organic segment will exhibit higher growth as compared to conventional backed by the rising demand for natural and organic products For B2C, flavored sports nutrition beverages are expected to remain dominant throughout the forecast period Expansion of online fitness and retail channels will spur the sales of sports nutrition, exceeding a valuation of US$ 64.1 Bn by 2031 The U.S. is expected to be the most lucrative market across North America during the assessment period India will emerge as a lucrative market backed by the rising demand for organic sports nutrition products in the country
“Growing prevalence of obesity across the globe is pushing the people to opt for healthy lifestyle. With emergence of online fitness centers and health classes, manufacturers are forging partnerships and alliances with local and regional fitness centers generating lucrative revenues,” says the FMI analyst.
Competitive Landscape
Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Keurig Dr. Pepper, Inc., Nutrabolt, GlaxoSmithKline plc., Optimum Nutrition, Inc., Premier Nutrition Corporation, Biothrive Sciences, Nutrabolt, Now Foods, INC Sports Nutrition, Vitaco Health, and Uelzena Group. among others are some prominent players operating in the sports nutrition market.
Sports Nutrition Market by Category
B2B
By Ingredient Type:
Plant-Derived IngredientSoy ProteinRice ProteinPea ProteinPotato ProteinAnimal Derived IngredientCreatineMilk ProteinWhey Protein ConcentratesCaseinBCAA (Branded Chain Amino Acid)BlendsBy Nature:
OrganicConventionalB2C
By Function:
Energizing ProductsRehydrationPre-WorkoutRecoveryWeight ManagementBy Product Form:
Ready-To-DrinkEnergy & Protein BarPowderTablets/CapsulesBy Flavour:
RegularFlavoredFruit PunchBerriesCitrusChocolateVanillaOthersBy Sales Channel:
Modern TradeConvenience StoreSpecialty StorePharmacy StoreOnline RetailOther Sales ChannelBy Nature:
OrganicConventionalBy Price Range:
EconomicPremiumRegion
North AmericaLatin AmericaEuropeSouth AsiaEast AsiaOceaniaMiddle East & Africa
Sign in to leave a comment.