In-depth analysis and data-driven insights into the impact of COVID-19 included in this global sports industry market report. The sports industry market is expected to reach $ 26.11 billion by 2026 and grow at a CAGR of 10.
New York, September 16, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Sports Nutrition Market – Global Outlook & Forecast 2021-2026” – https://www.reportlinker.com/p06150821/? utm_source = GNW
SPORT NUTRITION MARKET INSIGHT
Sports nutrition products undergo mass adoption by leisure and lifestyle users. North America is the largest market for sports nutrition and accounted for 53.45% in 2020. Government initiatives promote an increase in the number of gyms and health centers and sports-related activities that drive the demand for personal nutrition products in the region. The development of digital infrastructure in emerging countries such as India and China has provided significant opportunities for online platforms to increase sales. With the outbreak of the COVID-19 pandemic, the personalization of the demand for sports industry has increased rapidly due to the closure of gyms and bans on sports around the world. The trend towards pure labeling is a leading factor in the US sports food market, closely followed by the UK and other European countries, in giving the industry a relatively new status by focusing on the safety of food chains in the Asian region.
The following factors are likely to contribute to the growth of the sports nutrition market during the forecast period
• Increasing demand for sports nutrition from young athletes
Increasing awareness of sports nutrition and performance
• High adoption of personalization and adaptation in the sports industry market
• Increasing demand for plant-based nutrition
SPORT NUTRITION MARKET GROWTH FACTORS
• The increase in the importance of leading an active and healthy life among young people has influenced the adoption of sports nutrition and sportswear products and thereby contributed to the growth of the sports nutrition market.
• Increased sports participation and concern for physical well-being among young population coaches drives the demand for sports nutrition products and contributes to market growth.
• The demand for various types of diet & health supplements, energy drinks and protein bars among athletes and bodybuilders is accelerating market growth.
• Latin America and the Middle East and Africa are under-penetrated markets and will provide huge growth opportunities for suppliers in the sports industry market, especially after the COVID-19 outbreak.
The study considers a detailed scenario of the current sports industry market and its market dynamics for the period 2021 – 2026. It covers a detailed overview of several market growth promotions, constraints and trends.
The report provides both demand and supply in the market. It profiles and examines leading companies and other prominent companies operating in the market.
SPORT NUTRITION MARKET SEGMENTATION
This research report contains a detailed segmentation of
• Product type
• Raw material
Types of training
• Distribution channels
• End users
SPORT NUTRITION MARKET SEGMENTS AND SHARES
Product type: The sports industry is divided into categories such as sports drinks, supplements and sports food. Latin America and APAC are expected to experience high traction for sports subsidy products. Increased public and private investment in the healthcare sector is expected to stimulate demand for the segment.
Raw material: The animal-derived raw material segment is expected to generate more revenue than other segments as it helps with muscle building and repair in the sports industry. The animal-derived raw materials are expected to continue to dominate during the forecast period.
Types of training: The nutrition segment before training is expected to contribute with an increasing growth of 7.18 billion. USD by 2026. The pre-training segments account for the largest market share.
Distribution channels: The distribution methods remain the most important influencing factor in determining the brands’ sales and market share in the sports industry market. Major retail channels such as Walmart, Costco, Walgreens, Sainsbury’s and Morrisons serve as the main sources of sales in Western countries for sports nutrition products.
End users: As an athlete, physical health is the key factor for an active lifestyle. The athlete consumer segment is expected to generate more revenue than other segments. The need for nutrition during extensive exercises for athletes helps improve athletic performance by reducing fatigue and risk of illness and injury.
North America is the largest and accounts for 53.45% of the global market share for sports nutrition. Increased health awareness and the requirement for adequate nutritional content in food have increased the demand for these products. An increasing number of middle-aged and older people engaged in sports activities are driving the industry in the region forward. Rapid urbanization is one of the key factors accelerating the demand for sports nutrition products in North America. Rising e-commerce purchases have supported the growth in sports nutrition sales by 2020. Consumers are moving their purchases online out of hygienic concerns.
Market segmentation by geography
• North America
o Great Britain
o South Korea
• Middle East and Africa
o South Africa
• Latin America
The global sports nutrition market is extremely competitive due to the presence of international and domestic players. Extensive R&D investments have led to the introduction of many new products in the market. For example, Glanbia and Lonza have announced a collaboration in 2020 to offer a direct and direct consumer brand Body & Fit extension using Lonza’s DUOCAP technology and ingredients. The global sports industry market is dominated by suppliers with an international presence. Many international players are expected to expand their reach worldwide during the forecast period. In order to have a competitive advantage over other suppliers, suppliers must develop new technologies and keep up to date with upcoming innovations.
• GNC Holdings
• Clif Bar & Company
Other prominent suppliers
• Herbalife Nutrition
• Otsuka Pharmaceutical Company
• The Coca-Cola Company
• PacificHealth Laboratories
• Yakult Honsha Company
• Postal stocks
• Pro Action
• Atlantic Group dd
• Olympic Laboratories
• Ultimate Nutrition
• Science in sports
• Iovate Health Sciences International
• The Bountiful Company
• BA Sports Nutrition
• Universal Nutrition
• Creative Edge Nutrition
• Clothing athlete
Key questions answered:
1. How big is the sports nutrition market?
2. Who are the end users in the sports nutrition market?
3. Which region accounted for the highest market share in the sports nutrition market?
4. Who are the main suppliers in the sports nutrition industry?
5. Which distribution channel segment leads the sports nutrition market?
6. What factors drive the sports nutrition market?
Read the full report: https://www.reportlinker.com/p06150821/?utm_source=GNW
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