The Global Market for Sports Nutrition Supplements is Projected to Exceed US$11 Billion by 2024
Surging Demand from Athletes and Fitness Enthusiasts
Drive Robust Revenue Gains in the Sports Nutrition Supplements Market,
According to a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size, and
demand forecasts on the global Sports Nutrition Supplements market. The global market for Sports Nutrition Supplements is
projected to exceed US$11 billion by 2024, driven by robust demand from athletes and fitness enthusiasts for
supplements that provide energy, endurance, and strength for improved
performance and physique.
Sports supplements, which
contain use nutritional ingredients such as vitamins, minerals, proteins, and
amino acids, are designed to meet the nutritional requirements of people
engaged in sports, fitness and weight loss exercises. In addition to providing
physical strength needed for sporting and physical activities, these
supplements also provide a healthy nutritional diet that could enhance overall
performance of the entire body. Consumers of sports nutrition supplements are
categorized into core users comprising high-performance athletes and body
builders; casual users, also referred to as “weekend warriors” who prefer
acquiring products from familiar retail outlets such as supermarkets; and
fitness lifestyle users, who consider fitness and physical activity as an
integral part of their daily lifestyle. With growing incidence of
life-threatening diseases, consumers across the world are focusing on achieving
a healthy lifestyle through healthy diets and fitness regimes. Increasing
number of options such as healthy food, yoga, and a visit to the gym provide
people with a healthy lifestyle, and the growing realization of the importance
of supplements to support these activities represent the primary factor responsible
for the strong evolution of the market in recent years.
Future growth in the
market will be driven by the rise of the connected consumers and the resulting
need for personalized nutrition. In addition to purchasing more sports and fitness
nutrition supplements, the connected consumers are also self-monitoring their
wellness in real time, thus ensuring that their sports and fitness nutrition
supplements are customized with the integration of specific health information
leading to the emergence of digital personalized nutrition. Future customized
sports and fitness nutrition supplements would potentially include non-GMO and
organic whole food, and clean label formulations customized to gender, age,
weight, blood tests, genetic tests, microbiome tests, physical activity, health
records, and dietary restrictions. Other factors benefiting market prospects in
the coming years include transformation of the sports nutrition supplements
from a niche segment to a mainstream market; growing popularity of protein as
the most ubiquitous and important ingredient due to its food-like properties
and numerous benefits; exponential increase in the number of health clubs,
fitness centers, and recreational outfits; focus on women supplements supported
by a growing female workforce and higher participation of women in professional
sports; and emergence of Internet, particularly social media, as the new
marketing platform for a rising fitness-crazy generation.
As stated by the new
market research report on Sports Nutrition Supplements, the United States represents the largest market
worldwide. Growth in the country sis supported by aging baby boomers, increase
in gym and health club memberships, and wide availability and easy access to
sports and fitness nutrition products at fitness clubs, pharmacies, health food
stores, and supermarkets. Asia-Pacific ranks as the fastest growing market with
a CAGR of about 12.8% over the analysis period, driven by the huge potential offered
by the unpenetrated and underpenetrated developing countries in the region.
Key players in the market
include Abbott Nutrition, Bio-Synergy Ltd., Clif Bar & Company, CytoSport
Inc., Future Nutrition, Glanbia Plc, GlaxoSmithKline Plc, GNC Holdings Inc.,
Herbalife International of America Inc., Maximum Human Performance LLC,
MusclePharm Corporation, Champion Performance, Nature's Bounty Inc., Otsuka
Pharmaceutical Co. Ltd., Post Holdings Inc., Scitec USA Inc., Twinlab
Consolidated Holdings Inc., Universal Nutrition, Vitaco Health Ltd., and Weider
Global Nutrition, LLC, among others.
The research report titled
"Sports Nutrition Supplements: A Global Strategic
Business Report" announced by
Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, and
other strategic industry activities of global companies. Major geographic regions covered include the United States,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe), Asia Pacific, Latin America and Rest of World. Product segments
analyzed include Amino Acids/Derivatives, Herbal Products, Vitamins/Minerals,
and Others.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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