The sports nutrition market is expected to grow from US$41,683. 5 million in 2021 at US$72,178. 2 million by 2028; it is expected to grow with a CAGR of 8.2% from 2022 to 2028. Rising prevalence of obesity and increasing consumer base of sports nutrition products are the major factors driving the market.
New York, Aug. 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Sports Nutrition Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type, Formulation, and Distribution Channel” – https: //www .reportlinker.com/p06316333/?utm_source=GNW
In the global census undertaken by the International Federation of Association Football (FIFA), a sport’s governing body, there were 265 million people playing football, along with more than 5 million referees, which equates 4% of the world’s population. Similarly, the Federation of International Basketball Associations (FIBA) has estimated that at least 450 million people around the world play basketball, either recreationally or in structured competitions.
The number of people practicing recreational sports, including high-impact sports like tennis or football, 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 United States, soccer, wrestling and tennis increased significantly in 2018-2019.
According to the same study, sports participation in schools nationwide peaked in the said school year for the first time in the past 30 years. According to a study published by Stanford Children’s Health in 2020, approximately 30 million children and adolescents participate in sports each year in the United States.
Nevertheless, sports are popular among people of all generations. Such an increase in sports participation is expected 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, about 40% of gym goers consumed whey supplements in 2019. Exercising increases cardiovascular fitness and improves overall health by developing a mechanism to deal with stress, anxiety and anxiety. depression. As a result, with an increase in the number of people visiting gyms and fitness centers, the consumption of health supplements has increased in recent years.
Moreover, the increasing cases of osteoporosis and low bone densities are also encouraging people to take health, diet and fitness seriously. Musculoskeletal diseases are also the leading cause of years lived with disability (YLD) worldwide, accounting for 17% of all YLDs, or ~149 million YLDs. Fractures (affecting ~436 million people worldwide), osteoarthritis (343 million people), other injuries (305 million people), neck pain (222 million people), amputations (175 million people) and rheumatoid arthritis (14 million people) contribute to the overall burden of musculoskeletal diseases. Thus, with the growing awareness of physical fitness and the growing prevalence of musculoskeletal disorders, osteoarthritis and rheumatoid arthritis, the expanding consumer base of sports nutrition – including athletes, bodybuilders and non-athletes aspiring to adopt healthy lifestyles – driving the sports nutrition market. growth.
Based on type, the sports nutrition market is segmented into sports supplements, sports foods, sports drinks and others. The sports supplements segment held the largest market share in 2021.
However, the sports food segment is expected to register the highest CAGR during the forecast period. Sports food products are a convenient source of nutrition and a quick way to add protein content, in great varieties, including assorted flavors, to people’s diets in the midst of their busy lifestyles.
Based on formulation, the sports nutrition market is segmented into powder, capsules, tablets and others. The powder segment is expected to hold the largest market share in 2022.
Moreover, the same segment is expected to register the fastest CAGR between 2022 and 2028. The growth of the powders segment market is attributed to the ability to produce protein blends, creatine, stimulants and other more ingredients. important in powder form.
Distribution channel information
Based on the distribution channel, the sports nutrition market is segmented into convenience stores, supermarkets/hypermarkets, specialty stores and others. In 2022, the convenience store segment is expected to hold the largest market share.
Moreover, the same segment is expected to register the highest CAGR from 2022 to 2028. The growth of the convenience store segment market is attributed to the fact that these businesses are generally located in popular residential areas or near shopping malls or places of work.
They are also built near gas stations, shopping malls, highways, etc.
The National Center for Biotechnology Information (NCBI); Centers for Disease Control and Prevention (CDC); World Health Organization (WHO); National Federation of State High School Associations (NFHS); National Institutes of Health (NIH); International Health, Racquets and Sports Clubs Association (IHRSA); International Sports, Tennis and Medical Clubs Association (IHRSA); and Department of Emergency Medicine are some of the primary as well as secondary sources referred to during the preparation of the Sports Nutrition market report.
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