Uploaded on Jun 6, 2019
Sports Nutrition Market
Sports Nutrition Market
Global Sports Nutrition Market Review Report with Trends and Opportunity Forecast
till 2026
Sports Nutrition Market – Insights
Sport nutrition helps to enhance the performance of athletes by providing specific type of
nutritional food with precise quantity. Sport nutrition products mainly consist of energy
supplements, recovery supplements, and performance enhancing supplements. Athletes and
bodybuilders are the major end users of sport nutrition products that are enriched in essential
nutrients such as carbohydrates, proteins, vitamins, and minerals. Manufactured in convenient
forms and compositions, these products are distributed through numerous channels. The sport
nutrition market is expected to witness significant growth, owing to increasing sport activities and
rise in strategic marketing activities undertaken by key manufacturers to build a larger consumer
base. Increasing demand for functional food supplements, fitness awareness among people, and
government healthcare campaigns are some of the factors that contribute to growth of the global
sport nutrition market over the forecast period.
However, ingredients used in sport nutrition products are imposed with stringent regulations,
which is major factor hindering growth of the market. Such regulations are a key challenge for
manufacturers to launch their products in a competitive market. The Food and Drug
Administration (FDA) has stringent guidelines and regulations regarding entry of nutritional
products in the market such as ban on ingredients such as anabolic steroids, prohormones, and
stimulants.
Among product type, the sport drinks segment accounted for the largest market share in 2016
and is expected to retain its dominance over the forecast period. Sport nutrition drinks are
preferred by consumers, owing to increasing promotion of such drinks as healthier alternative to
soda and mental and physical benefits associated with the consumption of sports drinks.
Electrolytes and carbohydrates prove beneficial in energizing those engaged in physical activities
such as football and marathon training. Sports drinks reduce fatigue and replace electrolytes that
are lost in sweat during sport activities. However, excess consumption of sports drinks can result
in tooth decay, as it contains citric acid, which causes erosion of tooth enamel. Moreover, the
presence of carbohydrates can result in excessive calorie intake, which results in increasing
incidences of obesity among adolescents. Health conscious consumers are looking for alternatives
for sport drinks, which in turn, is expected to hamper growth of the market.
North America held a dominant position in the global sports nutrition market, accounting for a
share of more than 30% in 2016 and is expected to retain its dominance over the forecast period.
The sports nutrition market in North America was valued at US$ 9.53 billion in 2016, projecting
a CAGR of 4.39% during the forecast period from 2017 to 2025. U.S. is accounted as the major
contributor to the growth of the North America sports nutrition market. According to the National
Collegiate Athletic Association (NCAA), in U.S., over 460,000 student athletes compete in more
than 2 sports activities every year.
Asia Pacific is expected to be the fastest growing region, witnessing the highest CAGR of 8.21%
during the forecast period. Countries such as China, Japan, South Korea, Malaysia, and India, are
the major contributors to the growth of the market. Owing to the strengthening economic
condition of the emerging economies in the region such as India and China among others,
international manufacturers operating in the sports nutrition market and its subsequent industries
are looking to penetrate this region for better expansion opportunities. For instance, in 2017,
Roquette, a global leader in innovative plant-based ingredients, opened new offices and an
innovation center in Singapore, thereby, increasing its focus on the nutritional and health
challenges in the region.
According to a study by Coherent Market Insights, the global sports nutrition market was valued
at US$ 27.85 billion in 2016 and is expected to witness a CAGR of 6.64%, in terms of revenue,
during the forecast period from 2017 to 2025, to reach US$ 48.87 billion by 2025.
Major Players in the Global Sports Nutrition Market -
The major players operating in the global sports nutrition market include GlaxoSmith & Kline Plc,
Maximum Human Performance LLC, Glanbia Nutritionals, Optimum Nutrition (ON), Bio-
Engineered Supplements and Nutrition, Inc. (BSN), Abbott Nutrition, PepsiCo, Hormel Food
Corporation, and GNC Holdings Inc.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive
analysisthrough various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
Comments