Latest News- Fantasy Sports Market: Fantasy soccer is expected to lead the Product segment during 2025-2029

The Fantasy Sports Market is being driven by Launch of various apps for fantasy sports

The Fantasy Sports Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10132.9 million. In the realm of marketing, fantasy sports have emerged as a popular tool for brands to engage consumers and boost product visibility. Notable companies, such as Unilever and ESPN, have collaborated on the Dove Men+Care fantasy football hub, offering exclusive insights and expert advice to consumers. Meanwhile, Toyota secured advertising spots in Yahoo's fantasy football league recaps. Hilton, too, has entered the fray with a free-entry fantasy racing contest for its Honors club members, targeting high-income demographics aged 25 to 50. These global brands effectively leverage fantasy sports to connect with their audience and strengthen brand loyalty.

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

Product
- Fantasy soccer
- Fantasy baseball
- Fantasy basketball
- Fantasy football
- Others
Application
- Individual Competition
- Team Competition
Demographic
- Under 25 Years
- Between 25 and 40 Years
- Above 40 Years
Dietary Preference
- Vegan
- Gluten-Free
- Keto
Target Audience
- Busy Professionals
- Health Enthusiasts
Geography
- North America
  - Canada
  - US
- Europe
  - Germany
  - UK
  - France
  - Italy
- APAC
  - China
  - India
  - Japan
- South America
  - Brazil
  - Argentina
- Middle East and Africa
  - Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:

Launch of various apps for fantasy sports
High Internet penetration
Increasing number of sports leagues

However, the market also witnesses some limitations, which are as follows:

Uncertain future of fantasy sports and ill effects of gaming on health
Negative perceptions about fantasy sports
Legal and regulatory issues regarding fantasy sports in some jurisdictions

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Market Scope in Fantasy Sports Market Research Report

Market Scope
Report Coverage	Details
Page number	201
Base year	2024
Historic period	2019-2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 7.1%
Market growth 2025-2029	USD 10132.9 million
Market structure	fragmentation
YoY growth 2024-2025(%)	6.1
Key countries	US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, China, UK, Canada, Germany, Mexico, France, India, Brazil, Japan, and UAE
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analysis Overview

The Fantasy Sports Market encompasses various sports leagues and tournaments, including the NFL, Premier League, IPL, and more, offering fan engagement through fantasy sports platforms. High-speed internet and secure payment methods facilitate this Online Gaming Business. Blockchain-based apps and chatbots enhance user experience. Sports Tech innovations by Software engineers and Data scientists drive Fantasy Sports Industry trends. Baseball, Cricket, Football (rugby), Volleyball, and others are popular sports for Fantasy Sports Leagues. Smartphones and Internet penetration fuel Mobile Fantasy Sports growth. Fantasize about Football, Basketball, Cricket, and more with Fantasy Sports Apps, generating significant Fantasy Sports Revenue and Participation. Illegal sports betting remains a concern. Fantasy Sports Technology continues to evolve, shaping the future of Digital Fantasy Sports.

Market Research Overview

The global leisure products market encompasses a range of sectors, including sports and entertainment. Within this category, fantasy sports platforms have emerged as a significant growth driver. The proliferation of high-speed internet and the increasing popularity of sports leagues and tournaments, such as the NFL, Premier League, IPL, and eSports, have fueled fan engagement in online gaming. Technavio projects the global market for household durables, which includes fantasy sports platforms, to expand due to the rising memberships in health and fitness clubs and the subsequent increase in disposable income. This trend is expected to continue as consumers seek innovative ways to engage with their favorite sports and teams.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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