Authored By: Sarah
18 Jul 2023

Sports Nutrition Market to witness growth at a CAGR of 7.84% through 2023-2027

The global sports nutrition market is likely to witness a sizeable market growth of USD 12,413.39 million with estimated growth at a CAGR of 7.84% between 2022 and 2027. Determinants that will be significantly contributing to this growth include factors like the expansion of distribution channels, inclination toward specialty sports nutrition, and the rising number of health clubs and fitness centers. 

Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Request for a comprehensive report summary today.

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Sports Nutrition Market at a Glance

Navigating through the market segmentation, growth drivers, and the fastest-growing geography it has been observed 

  • The global sports nutrition market is categorized by distribution channel (offline and online), product (non-protein sports nutrition, protein powder, protein RTD, and protein bar), and geography (North America, Europe, APAC, South America, and Middle East Africa).
  • The rising count of health clubs and fitness centers with rising health concerns and changes in lifestyle among people across the world is notably driving the market expansion as consumers tend to join health clubs and take advice from trainers regarding various food habits and diet practices.
  • When it comes to the fastest-growing region in terms of the sports nutrition market North America is projected to contribute 41% to the global market's growth.

Vendor Analysis: When it comes to the market players major vendors in the market are focusing on expanding product portfolios by acquiring regional players with their services and offerings.

For instance, California Sports Nutrition specializes in a single segment, offering sports nutrition and supplements with primary products consisting of sports nutrition items, including MTS Nutrition.

Some of the prominent market leaders worth mentioning are Abbott Laboratories, mp Human, Associated British Foods Plc, BPI Sports, Glanbia plc, Harbin Pharmaceutical Group Co. Ltd., Hormel Foods Corp., JW Nutritional LLC, Kruger GmbH and Co. KG, Nestle SA, NOW Health Group Inc., etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Order a free sample report today.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of almost 7.84%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 12413.39 mn through 2023-2027.

  3. What is a key factor driving this market?
    Expansion of distribution channels will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and Middle East, and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    41% growth will originate from North America
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