Sports Nutrition Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2031
Dec 02, 2021
ESOMAR-certified consulting firm Future Market Insights (FMI) projects sports nutrition market to register an impressive growth through 2021 & beyond. Demand for organic sports nutrition beverages will increase, augmenting the sales in the market.
According to Future Market Insights, the sports nutrition market will follow an impressive growth trajectory, expanding at nearly 10% from 2020-2030. Newly released Future Market Insights (FMI) analysis projects global demand for sports nutrition to total US$ 19,302.2 Mn in 2021. As per the report, the overall sales of sports nutrition will reach 737,780 MT in the year.
Rising health awareness will cause the demand healthy and nutritional flavored drinks to increase, spurring the sports nutrition market growth. FMI also predicts the demand in the market to rise at an impressive CAGR of 9.3% during the assessment period (2021 – 2031).
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Increasing sporting activities by consumers to remain physically fit has led to a proliferation of fitness centers, health clubs and online fitness classes, thereby opening up the market for sports nutrition products. These organizations market health supplements, energy drinks and nutrition bars to attract memberships and generating revenue pools.
Key Takeaways from FMI’s Sports Nutrition Market Study
- Trend for veganism and healthy lifestyle among fitness enthusiasts will drive the sales of plant-derived ingredient sports nutrition. This segment is expected to hold maximum share in the global market.
- In terms of nature, organic segment will exhibit higher growth as compared to conventional backed by the rising demand for natural and organic products
- For B2C, flavored sports nutrition beverages are expected to remain dominant throughout the forecast period
- Expansion of online fitness and retail channels will spur the sales of sports nutrition, exceeding a valuation of US$ 64.1 Bn by 2031
- The U.S. is expected to be the most lucrative market across North America during the assessment period
- India will emerge as a lucrative market backed by the rising demand for organic sports nutrition products in the country
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Key Points Covered in Sports Nutrition Market Study
- Market estimates and forecast 2021-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Sports nutrition tools market and How to Navigate
- Recommendation on Key Winning Strategies
Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Keurig Dr. Pepper, Inc., Nutrabolt, GlaxoSmithKline plc., Optimum Nutrition, Inc., Premier Nutrition Corporation, Biothrive Sciences, Nutrabolt, Now Foods, INC Sports Nutrition, Vitaco Health, and Uelzena Group. among others are some prominent players operating in the sports nutrition market.
For instance, in June 2021, GenTech Holdings Inc., an emerging leader in the high-end premium coffee and functional foods marketplace, announced the acquisition of NXTBAR LLC, leading natural sports nutrition brand.
Recently, FC Goa announced Optimum Nutrition, one of the leading sports nutrition and fitness supplements brand in India, as its official nutrition partner for the 2020-21 season of the Hero Indian Super League.
In December 2020, MYOS Corporation, a leading U.S. based advanced nutrition company announced its exclusive agreement with Science Biotech for the distribution of its Fortetropin product across New Zealand and Australia market.
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Key Questions Answered in the Report:
What is the current sports nutrition market value?
The sports nutrition market is expected to exceed US$ 19,302.2 Mn in 2021
At what rate did the sports nutrition market grow between 2016 and 2020?
The sports nutrition market projected steady growth, registering a CAGR at 7.4% between 2016 and 2020.
What are the key trends driving sports nutrition sales?
Rising trend for clean-label and non-GMO products and easy availability of flavored nutritional sports energy drinks and products will increase the sales.
Who are the leading players of sports nutrition?
Nestlé S.A., Red Bull GmbH, Ajinomoto Co. Inc., Keurig Dr. Pepper Inc., Nutrabolt, and GlaxoSmithKline plc., are the top players identified by Future Market Insights.
What will be the demand outlook for North America sports nutrition market?
North America’s sports nutrition market demand is set to rise at 10.7% CAGR over the forecast period of 2021 and 2031.
What is the market share of leading players in sports nutrition market?
The top players in the sports nutrition market will collectively account for 50-55% of global market share in the year 2021.
At what rate will sports nutrition demand rise in Europe?
Demand for sports nutrition across Europe will exhibit healthy expansion at 9.9% CAGR during the forecast period of 2021 and 2031.
Which are the top countries driving the sports nutrition market sales?
Top countries in terms of sports nutrition sales are China, the U.K., the U.S., India and Germany.
What is the current market share of Japan and South Korea in the global Sports nutrition market?
In 2021, South Korea will account for 0.7% of global sports nutrition market share, while Japan will contribute over 0.5% of global market share.
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