The global sports nutrition market was valued at US$ 27.85 billion in 2016 and is expected to reach US$ 48.87 billion by 2025, at a CAGR of 6.64% during the forecast period from 2017 to 2025, according to a Global Sports Nutrition Market Report, by Product Type (Sport Drinks, Sport Foods, and Sport Supplements), by Product Form (Powder, Liquid, and Solid), by Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Online Channels, Convenience Stores, and Others), and by Age Group (Less than 15 years, 15-30 years, 30-45 years, 45-60 years, and above 60 years). Sports nutrition is an essential part of any strength or endurance sport training. The global sports nutrition market is projected to witness a significant growth during the forecast period, owing to increasing demand for dietary supplements by professional athletes and bodybuilders. Increasing integration of technologically advanced processes in the manufacturing of sport nutrition products fuelled by research and development activities, increasing awareness about the benefits offered by sport nutrition products coupled with rapid adoption of the nutrition among the consumers are some of the major factors fueling growth of the market. Government regulations for quality of sport nutrition products are strict and changing across each regions. In the U.S., the NSF International’s Certified for Sport was created to ensure that supplement label facts match the actual constituents in the product, thus, protecting against adulteration and identifying banned ingredients. The NSF GMP certification process indicates that a manufacturer has gone through a stringent manufacturing audit process to meet the guidelines set by NSF.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 180 market data tables* and 130 figures* on "Sports Nutrition Market” - Global forecast to 2025.
Key Trends and Analysis of the Sports Nutrition Market:
Among product type, sports drinks held dominant position in the market and is expected to retain its dominance over the forecast period. This is owing to high consumption of sport drinks among people in various age groups. Sport drinks are rich in electrolyte & carbohydrate content and are a ready to serve option. Such factors are expected to drive growth of the sport drink segment over the forecast period.
Among distribution channel, online channel is expected to show significant growth in the segment. This is due to increasing adoption of online distribution channels by both local and global nutrition companies. For instance, manufacturers such as Optimum Nutrition, Maximum Human Performance, and Bio-Engineered Supplements and Nutrition, Inc. among others, have made their products available through online channels with various offers to increase consumer base. Furthermore, increasing number of smartphone users that are more inclined to online purchasing has enabled the manufacturers to expand their online distribution channels. Moreover, the emergence of several e-commerce companies has augmented growth of this segment.
Key Takeaways of the Market:
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.