The ‘Global Sports Supplements Market Size, Share, Price, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global sports supplements market, assessing the market on the basis of its segments like nature, type, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 8.6%
The increasing adoption of sports nutrition products by athletes because of the advantages offered is driving the sports supplements market across the globe. Sports supplement products provide advantages like enhanced recovery between events and workouts, ideal gains from training, achievement and maintenance of ideal body weight, reduced injury risk, and performance consistency. This is expected to propel the growth of the market for sports supplements over the coming years around the world.
The increasing consumption of sports supplement products among people with active lifestyles as well as fitness enthusiasts is further expected to push forward the market demand for sports supplements globally over the coming years. Consumers are using such products to gain muscle and energy, as well as support weight management, increasing the market demand for sports supplements.
The growing prevalence of lifestyle diseases like obesity coupled with the surging preference of pro-active health maintenance are anticipated to bolster the growth of the sports supplements market over the coming years. With increasing disposable incomes and the rise in health awareness, the market growth of sports supplements is expected to fuel across the globe.
Sports Supplements Industry Definition and Major Segments
Sports supplements are powders, drinks, or pills utilised to build muscle, lose weight or enhance endurance. Also described as ergogenic aids, sports supplements are products used to improve athletic performance and enhance recovery from exercise. Supplements come in numerous forms and can contain a variety of components that are natural or synthesised.
Based on nature, the market is divided into:
On the basis of type, the market can be categorised into:
- Ready to Drink
- Non- Protein
- Amino Acids
- Beta Alanine and L- Carnitine
Based on distribution channel, the market can be segmented into:
- Hypermarkets and Supermarkets
- Pharmacy and Drug Stores
- Specialty Stores
Based on region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Sports Supplements Market Trends
The global sports supplements market is expected to witness significant growth on account of the accessibility of a range of formulations including ready-to-drink, bars, powders, and gels. Manufacturers are providing innovative flavours along with functional ingredients to improve the nutritional value and taste which is likely to propel the market growth of sports supplements across the world.
Retailers and manufacturers in the market are involved in new product developments, partnerships, and collaborations to enhance product adoption which is expected to support the market growth of sports supplements over the upcoming years. Social media is further serving as a platform to encourage the use of sports supplements, with various influencers sharing their experiences and recommendations for sports supplements, encouraging viewers to try such products.
Based on the region, North America is holding a considerable share in the sports supplements market on account of the rising awareness about health, wellbeing, and the role of supplements. The increasing consumer engagement in fitness clubs and the strong presence of various market players with numerous strategies adopted are further driving the market growth of sports supplements in North America.
Key Market Players
The major players in the global sports supplements market report are
- Hormel Foods, LLC
- General Nutrition Centers, Inc.
- Post Holdings Inc.
- Cardiff Sports Nutrition Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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