Sports Nutrition Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Sports Nutrition Market is Segmented by Type (Sports Food, Sports Drink, and Sports Supplement); by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Other Distribution Channels); and by Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa). The report offers market size and forecasts for sports nutrition (in USD billion) for the above segments.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

12.22 %

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Market Overview

The global sports nutrition market was valued USD at USD 19.96 billion in 2020 and is projected to witness a CAGR of 12.22% during the forecast period (2021 - 2026).

The outbreak disrupted the sporting schedule and affected some of 2020’s largest events, which, in turn, also hampered the consumption of sports nutrition products at a large-scale through such events. Some of the major international sporting events delayed due to the outbreak include the Tokyo Olympics and Paralympics and the UEFA Football event. As such events marked both increased consumption of sports nutrition products and a venue for promotions of manufacturers, the delay is expected to impact the market growth in the short-term adversely.​

Thus, countries around the world have been implementing measures to slow the spread of the coronavirus, from national quarantines to the closure of public places, such as gyms. This included a complete closure of sports clubs and fitness centres, majorly impacting sports nutrition product sales adversely. ​However, with international health organizations, such as WHO, encouraging consumers to strengthen their immune systems to prevent the COVID-19, there is expected to be more popularity for immunity boosting sports nutrition products.​ One such product is Gifted Nutrition’s Iso Whey, which helps strengthen the immune system and speed up system recovery in the post-workout phase. ​

Major consumers in this market are athletes and bodybuilders; however, the consumption of sports nutrition products has increased among recreational and lifestyle users too, owing to the increased health awareness and rising disposable income levels of consumers. Thus, the growth rate of the sports nutrition market is attributed to not just sportspersons, but to casual athletes and dieters as well, who are joining the general health and wellness movement. Indulgence buying and product knowledge are the key factors driving the growth rate.

By type, the sports supplement segment occupied a major share, due to the increased regularized usage of sports nutrition products by sportspersons in the form of supplements. The growing preference for personalized nutrition is one of the key market trends, which may further stimulate market growth.

Scope of the Report

Sports nutrition is the study and practice of nutrition and diet with regards to improving anyone's athletic performance. Nutrition is an important part of many sports training regimens, being popular in strength sports and endurance sports. The sports nutrition market is segmented by type, distribution channel, and geography.​ The sports nutrition market is segmented by type into sports food, sports drink, and sports supplement. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online stores, and other distribution channels. Based on geography, the report provides a detailed global analysis, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD billion).

By Type
Sports Food
Sports Drinks
Sports Supplements
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Stores
Other Distribution Channels
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
Spain
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Increasing Number of Health and Fitness Centres

Sports nutrition products have increasingly gained popularity, mainly among athletes and individuals involved in vigorous physical activities. The growing emphasis on staying healthy and in shape, rising participation in sports,  health clubs, sports clubs, and gyms are some of the key drivers contributing to the growth of the global sports nutrition industry.​

In recent years, health clubs and fitness centres have witnessed consistent growth, due to an increase in health concerns and change in lifestyle. The rise in health awareness and the need for adequate nutritional content in food have also fostered the demand for sports nutrition products. ​

A surge in the number of middle-aged and geriatric population engaged in sports activities has further fueled the sports nutrition market growth.​

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Asia-Pacific is the Fastest Growing Market

The hectic lifestyles of consumers in the Asia-Pacific region particularly in the countries like India, China and others are paving the way for sports nutrition food as a convenient food choice, to satiate hunger, as well as providing nutrition after sport or exercise. Additionally, these products can be consumed anywhere without preparation, which saves time.​

Consumers in China want to attain healthy living. The growing snacking trend among the health-conscious consumers of the country drives the demand for sports food, especially energy and protein bars. ​

Fitness enthusiasts in the region are also driving the market with their varied demand, such as muscle development, stamina enhancement, and body-fat reduction, among others, thus, enabling players to enter the sports nutrition market.​ For instance, in December 2017, an Indian company, Paras Dairy, launched a range of sports nutrition products under its Proquest Nutrition brand, to cater a wider range of consumer demand. The products also contain live probiotics to enhance immunity and protein utilization.​

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Competitive Landscape

The sports nutrition market is a highly competitive market, with the presence of various international and domestic players. The giants of the global market are progressively relying on product innovation as the most adopted strategy among others. The extensive investment in R&D has been witnessed in the past years, which led to the introduction of numerous new products to hit the market. Moreover, the [layers are also extensively focusing on providing consumers with innovative offerings, while including functional benefits in each of the products. Major players in the sports nutrition market are Glanbia PLC, PepsiCo Inc., MusclePharm Corporation, The Coca-Cola Company, Clif Bar & Compan, Multipower, etc.

Recent Developments

In March 2020, the Coca Cola Company acquired the remaining stake in Fairlife LLC from its joint venture partner Select Milk Producers. However, Fairlife may continue to operate as a stand-alone business based in Chicago.​

In April 2019, Hormel completed the USD 465 million sales of CytoSport Protein Business to PepsiCo Inc. The sale to PepsiCo Inc. is expected to enable more growth for CytoSport, and its flagship offering, thereby, increasing the market share of Pepsico Inc. in the sports nutrition market.​

In September 2018, General Nutrition Centers Inc. announced the nationwide launch of Earth Genius, a new line of more than 40 nature-inspired products. The product line of Earth Genius products is gluten-free, non-GMO, and crafted with no artificial colours, flavours, or sweeteners.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Sports Food

      2. 5.1.2 Sports Drinks

      3. 5.1.3 Sports Supplements

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Convenience Stores

      4. 5.2.4 Online Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 Spain

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Glanbia PLC

      2. 6.4.2 PepsiCo, Inc.

      3. 6.4.3 MusclePharm Corporation

      4. 6.4.4 The Coca-Cola Company

      5. 6.4.5 Clif Bar & Company

      6. 6.4.6 GNC Holdings Inc.

      7. 6.4.7 Bulk Powders_

      8. 6.4.8 Abbott Laboratories Inc.

      9. 6.4.9 Multipower

      10. 6.4.10 BioTech USA Kft.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 8. IMPACT OF COVID-19 ON THE MARKET

** Subject to Availability

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