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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Sports Nutrition Market Size
The global sports nutrition market reached approximately USD 55.93 billion in 2023. The market is projected to grow at a CAGR of 6.80% between 2024 and 2032, reaching a value of around USD 101.66 billion by 2032.
Sports Nutrition Market Outlook
- As per the industry reports, more than 1 in 5 Americans have gym membership as of 2024, which is expected to create ample opportunities for sports nutrition.
- Germany is the largest fitness market in Europe, followed by the United Kingdom, which can boost the demand for sports nutrition in the region.
- Boosts Drinks announced the launch of three new drinks, two sugar-free energy drinks called Energy Apple & Raspberry Sugar-Free and Tropical Blitz, and one sports flavour drink known as Limited Edition Sport Watermelon and Lime on May 7th, 2024.
Sports Nutrition Market Growth
The growth of gym-going individuals and the rising risk of health-related diseases are some of the major factors boosting the market growth. As per the Sanford Health report in 2022, 79% of Americans between the age group of 26 to 40 state that health is the most essential aspect in their lives, which has fuelled gym memberships and home exercises in the country.
Moreover, the rise of chronic diseases such as obesity has witnessed an upward trend due to the high consumption of processed food as well as a sedentary lifestyle, boosting the demand for exercise and consequently sports nutrition drinks.
Clean labels have also emerged as a significant trend aiding the market development as consumers grow more conscious about the ingredients and prefer drinks and supplements with no additives and sugar. Around 58 per cent of US consumers have admitted that they pay close attention to ingredients used in food and beverages, creating a prominent market base for this niche segment.
Sports Nutrition Industry Segmentation
“Sports Nutrition Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Sports Food
- Sports Drinks
- Sports Supplements
- Protein Supplements
- Vitamins
- Minerals
- Amino Acids
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Sports Nutrition Market Share
Based on type, the market is divided into sports food, sports drinks, and sports supplements. Sports supplements enriched with carbohydrates and proteins are gaining popularity in the market. Carbohydrates are a good source of energy and can provide relief from muscle tiredness whereas protein aids with muscle and tissue building after an intensive workout.
Leading Companies in the Sports Nutrition Market
The market players are introducing novel flavours with low sugar to stay ahead in the competition.
- Glanbia PLC
- PepsiCo, Inc.
- Mondelez International, Inc.
- Abbott Laboratories Inc.
- GNC Holdings, LLC
- The Coca Cola Company
- Iovate Health Sciences International Inc.
- Otsuka Holdings Co., Ltd.
- GSK plc
- Bio-Engineered Supplements and Nutrition, Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 55.93 billion.
The market is estimated to grow at a CAGR of 6.80% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 101.66 billion by 2032.
The market is being driven due to growth of gym-going individuals, the rising risk of health-related diseases, and the prevalence of active lifestyles.
The key trends aiding the market include the rising trend of clean-labelling, growth of the e-commerce sector, and personalisation of drinks.
Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Based on type, market segmentations include sports food, sports drinks, and sports supplements.
Different distribution channels are hypermarkets and supermarkets, convenience stores, specialty stores, and online, among others.
The major players in the market are Glanbia PLC, PepsiCo, Inc., Mondelez International, Inc., Abbott Laboratories Inc., GNC Holdings, LLC, The Coca Cola Company, Iovate Health Sciences International Inc., Otsuka Holdings Co., Ltd., GSK plc, and Bio-Engineered Supplements and Nutrition, Inc., among others.
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