$ 29.8 Billion Sports Nutrition Markets in North America to 2027 – Growing Number of Sports Nutrition Initiatives

DUBLIN, September 17, 2021– (BUSINESS WIRE) – The report “North America Sports Nutrition Market 2021-2027” has been added to ResearchAndMarkets.com offer.

The North America sports nutrition market size is expected to reach USD 29.8 billion by 2027 and is expected to increase at a CAGR of 15.4% from 2021 to 2027.

The growing trend towards healthy and active lifestyles, the growing number of fitness centers and gymnasiums in the region, and an increased awareness of the importance of sports nutrition products are the major factors driving the market.

According to estimates released by the International Health, Racquet and Sportsclub Association (IHRSA), there has been a 27% increase in the number of health club members in the United States, from 58 million in 2010 to 73.6 million in 2019. In addition, the participation rate in the 1,434 gyms and fitness centers in Mexico was 3.2% of the overall population. According to Statista reports, the Canadian gym and fitness center market was valued at $ 4,300 million in 2020.

Moreover, the rapidly changing lifestyles leading to increased prevalence of chronic diseases and obesity is another key factor positively impacting the growth of the market. According to CDC estimates, the adult obesity prevalence rate was estimated at 42.4% in 2017-18. The rate fell from 30.5% in 1999-2000 to 42.4% in 2017-2018.

According to CDC estimates for the prevalence of obesity among children and adolescents in 2017 – 2018, it was reported that 21.2% of adolescents aged 12 to 19 are obese; 20.3% of children in the 6-11 age group; and 13.4% of children in the 2-5 age group are obese. Likewise, according to Statistics Canada in 2018, there were 26.8% of adults classified as obese and 36.3% of overweight adults. In addition, according to The Lancet’s 2018 estimates, 36.1% of adults were considered obese in Mexico.

In addition, the majority of market players are increasingly investing in the development of new products and continuously improving their existing products. The growing demand for organic and plant nutritional products is also contributing to the growth of the market.

Taking advantage of the growing trend to consume plant-based or vegan products, companies are developing products in this category. Glanbia, plc Gold Standard 100% Vegetable Whey Protein Powder and Vega Sport Premium Protein are some of the examples of commercially available vegetable protein powders.

Highlights of the North America Sports Nutrition Market Report

  • The market is expected to experience significant growth during the forecast period owing to the increasing inclination towards healthier lifestyles, the growing number of fitness and health centers, and the increase in healthcare spending.

  • The sports supplements segment dominated the market in 2020, owing to the increasing consumption of supplements by athletes and recreation enthusiasts.

  • The post-workout segment dominated the market in 2020, due to the increasing consumption of nutritional products for muscle growth and recovery

  • The powders segment dominated the market in 2020 as these formulations are easier to consume and consist of stable ingredients.

  • The adult consumer segment dominated the market in 2020 due to an increase in fitness center and gym memberships and increased healthcare spending

  • Brick and Mortar segment accounted for largest revenue share in 2020 due to high consumer base for retail stores

  • The United States dominated the market in 2020 due to the increase in disposable income and the increase in the number of gyms

Market dynamics

Market Driver Analysis

  • Increased health awareness and increased awareness of sports nutrition products

  • Increase disposable income

  • More and more initiatives in the field of sports nutrition

  • Increased spending on sports nutrition products

  • Increased prevalence of obesity

Analysis of market restrictions

Analysis of market challenges

Overview of the consumption of sports nutrition products among different consumer groups

  • Primary users

  • Athletes

  • Fitness enthusiasts

  • Bodybuilders

  • Lifestyle users

Companies mentioned

  • Nutrineo-santé food solutions

  • High Performance Nutrition LLC

  • Pure Natura EHF

  • Abbott

  • Glanbia Nutritionals (optimal nutrition)

  • Maxim Sports Nutrition (orkla care)

  • Otsuka Pharmaceuticals

  • Clif Bar & Company

  • Reckitt Benckiser Group

  • Pepsico foods

  • Alani NU

  • Redcon 1 LLC

  • Ghost

  • Cellucor

  • Core Nutritionals, LLC

  • The Genie brand

  • Jacked Factory

  • Muscle Kaged

  • Vega

  • Orgain, Inc.

  • MusclePharm

For more information on this report, visit https://www.researchandmarkets.com/r/bto45n

View the source version on businesswire.com: https://www.businesswire.com/news/home/20210917005377/en/

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