The global sports nutrition market size is anticipated to around USD 25.2 billion by 2026, this market is anticipated to grow 10.5% CAGR during the forecast time period. The industry is primarily driven by rising need for these products among athletes and sportsperson, increasing consumer consciousness, and growing numeral of gyms and health & fitness centers across the world, which are involved in advertising of these nutritional products.
Increasing demand for different sorts of protein bars, caffeinated beverages, and dietary enhancements among muscle heads and competitors is one of the key elements stirring the development of the market. Rising disposable income and quick pace of urbanization have additionally been pushing the market.
Expanding number of research and development in the field and new product launches are some of the main considerations adding to advertise development. Nearness of huge market players is encouraging far reaching item accessibility, which thusly is probably going to mix up the interest for these items. For example, in 2018, Amazon propelled a private mark sports supplement mark called OWN PWR for U.S. shoppers. Abbott; General Nutrition Centers, Inc.; Hormel Foods Corporation; and Glanbia Plc are the significant contenders working in this market.
Rising consumer base, fast pace of urbanization, and expanding extra cash of family units are among the key trends raising the development of the market. Besides, augmenting base of healthy cognizant populace, rising frequency of inactive ailments, and great government activities towards healthy advancement are foreseen to cultivate the development of the market over the coming years.
Market By Product
Market By Distribution Channel
Market By Geography
In 2017, North America was the main revenue contributor in the market, representing roughly 36.0% of the worldwide market. Developing health consciousness, expanding number of gyms and health & fitness centers, and changing consumer behaviour towards for healthful items are a portion of the essential development stimulants for the market in the area.
Rising government activities towards healthy product advancement in the U.S. are relied upon to encourage the development of the district. For example, President Council on Sports, Fitness and Nutrition (PCSFN) is one such board that actualizes projects and activities that mean to expand sports cooperation among the general population of the nation. In addition, different progressing looks into in this field are additionally evaluated to goad the development of the market in North America.
Asia Pacific is foreseen to be the most encouraging goal for worldwide players and it is slated to encounter a CAGR of 13.5% amid the conjecture time frame. Rising disposable income, developing healthy and wellness mindfulness, and expanding number of worldwide distributers in this area have been enhancing the development of the territorial market. Ongoing improvements in contract fabricating, especially in nations including China, India and the Philippines, for mass creation of nutrients and minerals are anticipated to help the development of the market in APAC.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with thesports nutrition are GNC Corporation, Abbott Laboratories Inc.; The Coca-Cola Company; Neutra Science Labs; Nestlé S.A; Yakult Honsha Co Ltd; and Monster Beverage Corporation.