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Sports Nutrition Market

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The global sports nutrition market was valued at US$ 27.85 billion in 2016 and is expected to witness a CAGR of 6.64%, in terms of revenue, during the forecast period from 2017 to 2025, to reach US$ 48.87 billion by 2025.
Sports Nutrition Market - Size, Trends
and Forecast till 2025
Sport nutrition helps to enhance the performance of athletes by providing specific type
of nutritional food with precise quantity. Sport nutrition products mainly consist of energy
supplements, recovery supplements, and performance enhancing supplements.
Athletes and bodybuilders are the major end users of sport nutrition products that are
enriched in essential nutrients such as carbohydrates, proteins, vitamins, and minerals.
Manufactured in convenient forms and compositions, these products are distributed
through numerous channels. The sport nutrition market is expected to witness
significant growth, owing to increasing sport activities and rise in strategic marketing
activities undertaken by key manufacturers to build a larger consumer base. Increasing
demand for functional food supplements, fitness awareness among people, and
government healthcare campaigns are some of the factors that contribute to growth of
the global sport nutrition market over the forecast period.
However, ingredients used in sport nutrition products are imposed with stringent
regulations, which is major factor hindering growth of the market. Such regulations are a
key challenge for manufacturers to launch their products in a competitive market. The
Food and Drug Administration (FDA) has stringent guidelines and regulations regarding
entry of nutritional products in the market such as ban on ingredients such as anabolic
steroids, prohormones, and stimulants.
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Among product type, the sport drinks segment accounted for the largest market share in
2016 and is expected to retain its dominance over the forecast period. Sport nutrition
drinks are preferred by consumers, owing to increasing promotion of such drinks as
healthier alternative to soda and mental and physical benefits associated with the
consumption of sports drinks. Electrolytes and carbohydrates prove beneficial in
energizing those engaged in physical activities such as football and marathon training.
Sports drinks reduce fatigue and replace electrolytes that are lost in sweat during sport
activities. However, excess consumption of sports drinks can result in tooth decay, as it
contains citric acid, which causes erosion of tooth enamel. Moreover, the presence of
carbohydrates can result in excessive calorie intake, which results in increasing
incidences of obesity among adolescents. Health conscious consumers are looking for
alternatives for sport drinks, which in turn, is expected to hamper growth of the market.
North America held a dominant position in the global sports nutrition market, accounting
for a share of more than 30% in 2016 and is expected to retain its dominance over the
forecast period. The sports nutrition market in North America was valued at US$ 9.53
billion in 2016, projecting a CAGR of 4.39% during the forecast period from 2017 to
2025. U.S. is accounted as the major contributor to the growth of the North America
sports nutrition market. According to the National Collegiate Athletic Association
(NCAA), in U.S., over 460,000 student athletes compete in more than 2 sports activities
every year.
Asia Pacific is expected to be the fastest growing region, witnessing the highest CAGR
of 8.21% during the forecast period. Countries such as China, Japan, South Korea,
Malaysia, and India, are the major contributors to the growth of the market. Owing to the
strengthening economic condition of the emerging economies in the region such as
India and China among others, international manufacturers operating in the sports
nutrition market and its subsequent industries are looking to penetrate this region for
better expansion opportunities. For instance, in 2017, Roquette, a global leader in
innovative plant-based ingredients, opened new offices and an innovation center in
Singapore, thereby, increasing its focus on the nutritional and health challenges in the
region.
According to a study by Coherent Market Insights, the global sports nutrition market was
valued at US$ 27.85 billion in 2016 and is expected to witness a CAGR of 6.64%, in
terms of revenue, during the forecast period from 2017 to 2025, to reach US$ 48.87
billion by 2025.
Among product type, sport drinks segment held highest revenue share of 45% in the
global sports nutrition market in 2016 and is projected to maintain its dominance over
the forecast period.
Major Players in the Global Sports Nutrition Market The major players operating in the global sports nutrition market include GlaxoSmith &
Kline Plc, Maximum Human Performance LLC, Glanbia Nutritionals, Optimum Nutrition
(ON), Bio-Engineered Supplements and Nutrition, Inc. (BSN), Abbott Nutrition, PepsiCo,
Hormel Food Corporation, and GNC Holdings Inc.
Key players are strategically investing in the sports nutrition market to enhance their
product sales through business strategies. For instance, in 2016, Maximum Human
Performance (MHP) has introduced an all-new pro athlete team to showcase its
revitalized flagship brand to young athletes across the globe, which is launched along
with MHP’s fully transparent new formulations.
For More Information :
https://www.coherentmarketinsights.com/market-insight/sports-nutrition-market-1018
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting services,
and competitive analysis through various recommendations related to emerging market
trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
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aniket
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