Sports Supplements Segment to Hold Largest Share of Sports Nutrition Market During 2022–2028

According to our latest study on “Sports Nutrition Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Formulation, and Distribution Channel," 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 report highlights the key factors driving the sports nutrition market and prominent players with their developments in the market.

Sports nutrition products serve as a source of nutrition for athletes willing to improve their performance and speed up their recovery during strenuous workouts. Sports nutrition products can be consumed by athletes and non-athletes to increase their nutritional intake. Natural elements such as milk, egg proteins, vegetable starch, fibers, sugars, vitamins, minerals, and herbs are used to manufacture these products.

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In the global census undertaken by the International Federation of Association Football (FIFA), a sport’s governing body, there were 265 million individuals who play football, along with more than 5 million referees, which equates to 4% of the global population. Similarly, the Federation of International Basketball Associations (FIBA) estimated that at least 450 million people in the world play basketball, either recreationally or through structured competitions. The number of people participating in recreational sports, including high-impact sports such as tennis or soccer, is increasing in Western countries. According to a study published by the National Federation of State High School Associations (NFHS), the participation of high school boys in the US in soccer, wrestling, and tennis surged significantly during 2018−2019. According to the same study, sports participation in schools in the country was at its peak in the said academic year for the first time in the past 30 years. According to a study published by Stanford Children’s Health in 2020, ~30 million children and teenagers participate in sports annually in the US. Nevertheless, sports are popular among people of all generations. Such an increase in participation in sports is projected to contribute to the growth of the sports nutrition market. With the growing criticality of wellness and mindfulness, fitness has become a more relevant goal for many people. According to MuscleBlaze in India, ~40% of gym-goers consumed whey supplements in 2019. Physical exercises increase cardiovascular fitness and boost overall health by developing a mechanism for coping with stress, anxiety, and depression. As a result, with a surge in the number of people going to gyms and fitness centers, the consumption of health supplements has increased in recent years.

Glanbia Plc, PepsiCo Inc.; The Coca-Cola Company; LOVATE HEALTH SCIENCES; Clif Bar & Company; BULK POWDERS; Abbott; Yakult Honsha Co., Ltd.; MUSCLEPHARM CORPORATION; and GNC HOLDINGS INC. are among the key players operating in the sports nutrition market.

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The report segments the sports nutrition market as follows:

Based on formulation, the global sports nutrition market is segmented into powder, capsules, tablets, and others. The powder segment held the largest share of the market in 2021, moreover the same is expected to grow over the forecasted period due to the increasing demand for various flavored drinks.

Based on distribution channel, the global sports nutrition market is segmented into convenience stores, supermarkets/hypermarkets, specialty stores, and others. The convenience stores segment held the largest market share in 2021, moreover the same is expected to grow over the forecasted period. The easy availability of convenience stores and the expansion in retail channels drive the growth of this segment in the anticipated period.

Based on geography, the sports nutrition market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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