WASHINGTON, Oct. 18, 2022 (GLOBE NEWSWIRE) — Vantage Market Research recently released an extensive market study on the sports nutrition market. This includes historical data, current market trends, future product landscape, marketing strategies, technological innovations, upcoming technologies and emerging trends. or opportunities, and technological advances in related industries. The Sports Nutrition Market Research Report provides key information on the market and business outlook. Shows how the target customer or client you want to reach perceives the company. This report will help you understand how to connect with your customers, how you stand up to your competitors, and how to plan your next steps. It plays a key role in the process of developing, bringing to market and marketing products and services to consumers. For many companies, the Sports Nutrition market report serves as a key factor in formulating their marketing strategy by providing a factual basis for estimating sales and profitability.
According to a research report published by Vantage Market Research, global Sports nutrition market size is expected to reach USD 62.7 billion by 2028 at a CAGR of 8.1% Between 2022 and 2028.
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List of prominent players in the sports nutrition market:
- Iovate Health Science
- Abbott
- quest nutrition
- pepsico
- cliff bar
- The Coca-Cola Company
- muscle farm
- bountiful company
- Post Holdings
- BA Sports Nutrition
- Cardiff Sports Nutrition
What is sports nutrition? How big is the sports nutrition market?
market dynamics:
Growing preference for a healthy and fit lifestyle boosting the sports nutrition market
Increasing consumer propensity towards physical fitness is expected to drive the growth of the sports nutrition market in the coming years. This is because consumers are willing to pay more for healthier alternatives, lifestyle changes, and increased disposable income. Consumers are more concerned about their health these days. Athletes and those engaged in strenuous physical activity are increasingly turning to sports nutrition solutions. further boosting market growth. These are some of the major factors driving the sports nutrition business. Moreover, the benefits it offers are expected to cause customers to adjust their preferences towards healthy and nutritious foods, which is expected to boost aggregate demand.
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Key insights and findings from the detailed report:
- The sports supplement sub-segment is expected to grow at a significant compound annual growth rate (CAGR). The growth of this segment is attributed to the increased consumption of protein supplements such as whey protein and the availability of several plant proteins such as pumpkin seeds, soybeans, spirulina, hemp, rice and peas.
- The adult sub-segment will hold a significant market share in 2021. Growth in this segment is due to a large number of consumers in the age group from 18 to her 64. Additionally, consumers in this age group actively participate in fitness and sports activities, driving the growth of this segment.
- Asia Pacific is the fastest regional segment. Changes in consumer lifestyles in the Asia-Pacific region, primarily emerging countries such as India and China, are driving the growth of sports nutrition foods as a convenient food option to satisfy hunger and provide nutrition after sport or exercise. Additionally, consumer engagement in sports is a major reason driving the sports nutrition market.
Report scope:
| report attribute | detail |
| Market size in 2021 | US$39.3 billion |
| Revenue projections through 2028 | US$62.7 billion |
| CAGR | 8.1% from 2022 to 2028 |
| base year | 2021 |
| Forecast year | 2022-2028 |
| main player |
|
Global Sports Nutrition Market Segmentation:
- product type
- sports supplements
- Sports Drink
- sports food
- meal replacement products
- weight loss products
- application
- pre workout
- after workout
- weight loss
- others
- prescription
- tablet
- capsule
- powder
- soft gel
- liquid
- gummies
- consumer group
- Consumer Group by Activity
- region
- North America
- Europe
- Asia Pacific
- latin america
- Middle East and Africa
Read the full research report @ https://www.vantagemarketresearch.com/industry-report/sports-nutrition-market-1532
Availability of various formulations to accelerate market growth
Increasing availability of various formulations such as ready-to-drink, gels, bars, and powders is expected to drive the growth of the sports nutrition market in the estimated period. Manufacturers increase the nutritional value of their products by adding new flavors and useful ingredients. For example, natural ingredients, caffeine, and low sugar are used in ready-to-drink beverages. Ready, the sports nutrition company, launches sports his drinks with superfruits and B vitamins in flavors including Blue Raspberry, Peach Mango, Berry Lemonade, Fruit Punch, Orange Passion, Strawberry Banana, Mixed Berry and Black Cherry in February 2021. has been released. Limited adoption of sports nutrition due to negative perceptions among the majority of consumers is expected to hamper the market growth in the coming years.In addition, the trend of online marketing with increasing e-commerce industry Rising demand is also anticipated to create significant opportunities for market growth during the forecast period.
COVID-19 impact analysis:
The COVID-19 outbreak has impacted various industries around the world. Governments around the world have implemented strict lockdown measures and social distancing norms to limit the rapid spread of the pandemic. During the early stages of the pandemic, manufacturing facilities around the world were shut down. Moreover, the post-pandemic economic crisis could significantly delay the commercial deployment of the electronics industry. Small businesses are the backbone of technology providers and have seen a sharp decline in revenue since the emergence of the 2020 pandemic. Therefore, market players faced a number of challenges as supply chain disruptions were observed. However, as more supplies come online, the situation will improve in the second half of 2022. Current and projected market size and market growth for all regions and countries based on the following data points: Consider the impact of COVID-19 on market demand while estimating trends.
- COVID-19 Pandemic Impact Assessment
- North America
- Europe
- Asia Pacific
- latin america
- Middle East and Africa
- Quarterly Market Revenue Forecast by Asia Pacific for 2020 and 2021
- Key strategies companies are implementing to tackle COVID-19
- long term dynamics
- short term dynamics
Report on sports nutrition market highlights:
- Market evaluation
- Premium Insight
- competitive environment
- COVID impact analysis
- Historical Data, Estimates and Forecasts
- Company Profile
- Global and regional dynamics
Key questions from our customers include:
- Who are the market leaders?
- How will the market change in the next few years?
- What are the market drivers and restraints?
- Which regional markets will show the highest growth?
- What will be the CAGR and market size over the forecast period?
- Which areas will bring the most benefits to the global market?
- What are the threats to your business and how will the current scenario impact growth and market perceptions?
- What advanced scenarios are possible and what are the biggest incentives to see movement by application, type, and region?
Tables and figures referencing market data spread across 156 pages and detailed TOC in Sports Nutrition Market Forecast Report (2022-2028).
Regional analysis:
North America Dominates Global Sports Nutrition Market
North America held the largest share in 2021. This is due to the increased need and use of supplements in the region.In addition, regional growth in the market is likely to be driven by increased health awareness. There is a nature. Moreover, the presence of a significant number of competitors in the region and increasing consumer demand for nutritional foods are projected to drive the growth of the sports nutrition market in the region.
Recent developments:
March 2022: Muscle Pharm Corporation announced it will expand into the ready-to-drink protein category with the launch of a new line of whey protein beverages in Summer 2022. The new line of high-protein beverages will be marketed under leading Muscle Farm brands. It contains over 20g of protein, is sugar-free, and is available in multiple flavors.
September 2021: Element Nutritional Sciences Inc. announced that it has acquired the rights to use the same plant-based amino acid formulation underlying its flagship Rejuvenate muscle health product to develop new high-dose formulations for the sports nutrition market. The first product to be launched using this high-dose formulation will be JAKTRX Pro Amino Essential Amino Acids.
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