Whey Finance

Global Sports Nutrition Market Report 2021: Sports Foods, Beverages, Supplements & Foods To Reach $ 34.5 Billion By 2028, Growing Over 10%

DUBLIN, October 11, 2021– (BUSINESS WIRE) – “Global Sports Nutrition Market 2021-2028” report has been added to ResearchAndMarkets.com offer.

The global sports nutrition market size is expected to reach USD 34.5 billion by 2028 and is expected to increase at a CAGR of 10.9%.

Growing consumer awareness of fitness and active living is a major factor contributing to the growth of the segment. For example, according to the Global Wellness Institute, the fitness and mind-body industry was valued at $ 542.0 billion in 2015 and reached $ 595.4 billion in 2017.

In addition, an increase in the number of athletes consuming supplements is stimulating the market. According to a study conducted in 2020, around half of athletes consume supplements. In addition, the importance of healthy diet and nutrition is increasing among athletes. Many athletes consume nutritional products to improve performance, muscle recovery, and endurance. This, in turn, is driving the market, on a global scale.

Although the spread of COVID-19 has negatively impacted the market, immunity-boosting sports nutrition products are gaining traction around the world. Many manufacturers are introducing nutritional products that support the immune system. For example, in October 2020, Health XP launched Shield Whey, a whey protein powder containing immune-boosting vitamins such as vitamin C, vitamin K, and vitamin E. Additionally, custom formulations for goals Nutritional targets such as herbal workout mixes are also gaining popularity.

An increasing number of initiatives undertaken by major market players are increasing the adoption of nutritional products. For example, in May 2020, RBar Energy launched almond protein bars containing isoleucine, leucine and valine to increase lean muscle mass. In December 2019, Herbalife Nutrition opened a new training center in Chengdu, China.

The training center will enable the company to educate and train distributors and customers on its products and applications in China. In addition, stakeholders adopt innovative strategies to promote and increase the adoption of these products.

For example, in March 2021, the UK Pro League announced that Veloforte was its official partner for performance nutrition products. Veloforte was to provide energy bars and other products to all players on the tour.

Highlights of the Sports Nutrition Market Report

  • The sports supplements segment became the leader of the types segment in 2020 and accounted for the largest 82.2% revenue share in the market.

  • The brick and mortar segment accounted for the largest revenue share in 2020, while the e-commerce segment is expected to grow at the fastest CAGR during the forecast period.

  • North America accounted for the largest revenue share of 59.2% in 2020, while Europe is expected to grow at the fastest CAGR during the forecast period.

Companies mentioned

  • PepsiCo

  • Abbott

  • Clif Bar & Company

  • Science in Sport

  • Hut.Com Ltd.

  • Cardiff Sports Nutrition Limited

  • Iovate Health Sciences International, Inc.

  • The Coca-Cola Company

  • Glanbia Plc

  • Musclepharm

  • The generous company

  • Post Holdings, Inc.

  • BA Sports Nutrition, LLC

For more information on this report, visit https://www.researchandmarkets.com/r/3b669f

View the source version on businesswire.com: https://www.businesswire.com/news/home/202111011005370/en/


Laura Wood, Senior Press Director
[email protected]
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900