Sports Nutrition Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
The report highlights the key factors driving the sports nutrition market and prominent players with their developments in the market. Key factors driving the market are the increasing prevalence of obesity and the rising consumer base of sports nutrition products. However, the availability of adulterated sports nutrition products restricts the market growth.
The List of Companies: Glanbia Plc , PepsiCo Inc., The Coca-Cola Company, LOVATE HEALTH SCIENCES, Clif Bar Company., BULK POWDERS, Abbott, Yakult Honsha Co., Ltd., MUSCLEPHARM CORPORATION, GNC HOLDINGS INC
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The market is expected to reach US$ 72,178.19 million by 2028 from US$ 41,683.48 million in 2021; it is estimated to grow at a CAGR of 8.2% during 2022–2028.
The sports nutrition market, based on type, is segmented into sports supplements, sports food, sports drinks, and others. In 2021, the sports supplements segment accounted for the largest share. The sports food segment is expected to register at a CAGR of 8.7% during the forecast period. The rising consumption of protein supplements, including whey protein, and the growing availability of plant proteins, such as spirulina, soy, pumpkin seed, rice, hemp, and pea, boost the growth of the market for sports supplements. Moreover, the growing consumption of protein powders and shakes for muscle strengthening among athletes and the gym-going population fuels the market growth. Many retailers including Amazon, Walmart, and Vitamin Shoppe offer various protein supplement products in different regions.
The increasing awareness of fitness and the extending consumer base of sports nutrition including athletes, bodybuilders, and non-athletes aspiring to adopt healthy lifestyles drive the sports nutrition market growth.
Key Market Trends:
- The market has been witnessing healthy growth within the recent years and is predicted to continue it throughout the forecast period 2022 to 2028.
- Major players are regularly operating and focusing to develop new product still as increase their expenditure on Research and Development of Wireless Audio Speaker.
- The extensive changes and challenges has not affected the sales of Sports Nutrition, rather created a promising market within the gift and within the forecast period.
Moreover, the report has explored changing factors for the market segments. It covers the growth factors of the worldwide market based on end-users. It’s a Sports Nutrition market research report which has been designed using the primary and secondary sources. The report allows the customer to set up a complete plan for the development and growth of their businesses for the projected period.
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