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Sports Nutrition Market To Be Spurred By A 10.5% CAGR, Says Market Research Future (MRFR)

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Sports Nutrition Market To Be Spurred By A 10.5% CAGR, Says Market Research Future (MRFR)

April 15
03:27 2022
Sports Nutrition Market To Be Spurred By A 10.5% CAGR, Says Market Research Future (MRFR)
Sports Nutrition Market Research
An increasing number of sportspersons, a growing athlete community, and an increased number of fitness centers and health clubs are also likely to catalyze the growth of the sports drinks market.

Sports Nutrition Market-Overview

Collective customer health awareness and the launch of new fixes in sports nutrition products are two major factors driving the industry forward. As per MRFR, the market is foreseen to gain a CAGR of 10.5% in the forecast period.

The need for sports nutrition products has been spurred by the growing number of health clubs, gyms, and fitness centers. There are numerous foreign and domestic rivals in the sports nutrition sector. As a result, there has been much money spent on research and development in recent years, resulting in the launch of many new products on the market. The prevalent negative impressions of several of the ingredients used in sports nutritional supplements among the global population may limit market expansion.

According to industry researchers, the global sports nutrition market is expected to expand as a result of factors such as population growth and urbanization. One of the major factors driving the market growth is an increase in demand for various types of protein bars, dietary supplements, and energy drinks among athletes and bodybuilders. The growing number of gyms and health and wellness centers endorsing sports and fitness nutrition products has also boosted the market growth.

Segmental Analysis

The sports nutrition market has been segmented into regions, types, and end-users. The global sports nutrition market is divided into athletes, commercial, bodybuilders, and recreational users based on end-users. The market is divided into three types based on the segment: supplement, drinks bar, and sports food. The region segment of the sports nutrition market includes Asia Pacific, North America, Europe, and other prominent regions.

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Detailed Regional Analysis

With the largest market share, Europe dominated the global sports nutrition market, which is projected to expand at a healthy CAGR by 2027. The regional market is expected to expand due to a large increase in the number of athletes in Europe and high demand for supplements. In addition, a number of companies in this area sell sports supplements through the internet. Traditionally, only core athletes used these items. Individuals in Europe, on the other hand, have begun to consume sports supplements in order to maintain a healthier lifestyle and control weight in recent years, resulting in demand growth.

Over the forecast period, the Asia-Pacific Sports Nutrition market is projected to expand at a significant CAGR. Because of the rising popularity of sports nutrition products in the region, Asia Pacific is expected to be the fastest-growing market, creating opportunities for domestic players. Furthermore, digital infrastructure in developing countries such as India and China is improving, resulting in major opportunities for online channels and, as a result, increased sales of sports nutrition products. Moreover, the regional market is expected to be driven by several initiatives taken by governments of countries such as China, Japan, Singapore, Malaysia, and India to increase sports participation in their respective countries over the forecast period.

By 2027, North America is predicted to rise at a significant CAGR. In 2019, North America dominated the global market with a 61.0 percent share. The demand for sports nutrition products in this area is being driven by an increase in the number of gyms and fitness centers, as well as government programs encouraging sports-related activities. Furthermore, an increase in the number of new product launches in the sports supplements segment, as well as the presence of key market players in the area, are two important factors driving regional market development.

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The renowned companies in the sports nutrition market are Universal Nutrition, CATAPULT, Maxi Nutrition, PepsiCo Inc., Glanbia PLC, The Coca-Cola Company, MultipowerEXOS, MusclePharm Corporation, and Clif Bar & Company.

Industry Updates:

Dec 2021 Under the new NIL criteria, Optimum Nutrition® (“ON”), a global leader in sports nutrition, has formed its first collaborations with collegiate athletes. ON is collaborating with student-athletes in Texas to promote the new Orange Blast flavor of its renowned AMIN.O. ENERGY® Plus Electrolytes Sparkling Hydration Drink. Optimum Nutrition will work with Texas athletes in various sports, including basketball, swimming, and track and field, making it one of the first brands to leverage multiple NIL relationships within a single school’s athletic program and highlight athletic talent outside of the big four sports.

Table of Content:

1 Report Excerpts

2 Market Definition

2.1 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.2 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Forecast

3.5 Forecast Model

4 Forecast Indicators

4.1 Drivers

4.2 Restraints

4.3 Opportunity

4.4 Trends

4.5 Macroeconomic Indicators….

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Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets, and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take based on the same.

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