The global sport nutrition supplements market is one of the most dynamic markets, valued at USD USD 39.3 billion in 2021 and expected to exceed $62.7 billion by 2028, at a CAGR of 8.1%.
Sports nutrition refers to the consumption of various nutrients to meet the needs of amateur and professional athletes. They address the specific nutritional needs during exercise, play a role in maintaining and improving exercise capacity, and speed up post-exercise recovery.
According to the Council of Responsible Nutrition (CRN), approximately 77% of Americans consume dietary supplements. Among these, 28% consume sports nutrition supplements.
Consumer Preference for Health and Nutrition Products Drove the Market Expansion during the Pandemic
Due to the COVID-19 pandemic health crisis, the protein supplements market was affected positively, as more people decide to consume more healthy products. Dietary and protein supplements consumption increased as more consumers focused on strengthening their immune system.
The Rising Preferences for a Healthy and Fit Lifestyle Also Boosted the Sports Nutrition Market
The rising awareness regarding the health benefits of protein consumption and growing demand among young athletes also helped increase the sports nutrition market. The growing consumption of whey protein by sportspeople, fitness enthusiasts and bodybuilders is also contributing to global sales.
Sports Nutrition Supplements Market 2023-2029: Main Highlights
The main players included in this report include: GNC Holdings, Glanbia Group, Abbott Laboratories, Monster Beverage Corporation, Red Bull GmbH, GlaxoSmithKline.
The countries analized in the report include the United States, Canada, India, China, Japan, Brazil, and Mexico. The demand for sport nutrion has increased significantly in North America, Europe, Asia-Pacific, Latin America, and other regions.
Sport nutrition supplements are available in several forms such as drinks, bars, powders, and shakes and help in appetite control and muscle growth.
The protein powder segment is projected to rise, due to the high number of fitness enthusiasts. The U.S. has a large population of elite athletes and many gyms and health clubs.
In November 2022, Glanbia Nutritionals, a global nutrition company, introduced FerriUp, a new whey protein concentrate. This product is ideal for active women with low energy and iron levels. It is a whey protein concentrate which consists of 80% protein, lactoferrin, and vitamin B12.
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