Sports Nutrition Market to witness high growth in near future

Overview

Sports nutrition is the basis of success that is athletic. It is a nutrition plan that is well designed and permits active adults and athletes to give their best performance. It furnishes the right food type, nutrients, energy, and fluids to sustain their body well hydrated and function at the topmost levels. A sports nutrition diet may alter day to day depending on particular energy demands.

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Active adults and competing athletes approach sports nutrition to assist them in obtaining their goals. Instances of individual goals can include acquiring lean mass, enhancing the composition of the body, or improving performance that is athletic. These definite sports schemes need varied nutritional programs. Research findings designate the right food type, nutrient timing, caloric intake, supplementation, and fluid that are necessary and specific to each person.

Drivers

Flavored sports nutrition food items to drive the sales

Manufacturers have commenced making more flavored sports nutrition food items because of the shift in consumer inclination for products that are ready-made. Many consumers are inclined to select flavored sports nutrition products as they are healthier, tastier, and time-saving. Further market players are instituting more delicious products to participate in the market. A development like an energy bar and ready-to-drink sports beverages are being initiated in the flavors that are favorite of consumers like vanilla, chocolate, and fruits, thereby dispensing resilient competitiveness to the frequent soft drinks and chocolate bars.

Growing health awareness amongst consumers and raising expenditure on wellbeing and fitness will generate prospects that are lucrative for the market. The consciousness regarding the significance of a healthy diet apart from achieving a specific level of physical fitness will push the demand for sports nutrition among the consumers.

Regional analysis

North America to witness an exponential rise in the sports nutrition market

North America dominated the market and accounted for an extensive revenue share. The reason is that there is an increasing demand from the US for supplements, and escalated awareness in the context of health and wellbeing is anticipated to promote market growth. Additionally, there are many players, and several strategies acquired by these players will propel the market growth in the time to come.

Key segmentation

By product analysis

Sports supplement garner the largest revenue share in the sports nutrition market

The sports supplement segment dominated the market as the intake of protein supplements increased. It includes whey protein like spirulina, soy, hemp, pumpkin seeds, rice, and pea. Additionally, the growing information on proteins for strengthening the muscles by gym-goers and athletes is anticipated to push market growth.

By distribution channel analysis

The brick and mortar segment to spiral the demand for sports nutrition market

The brick and mortar segment held the largest revenue share due to the easy availability of many products in the brick and mortar stores like small retail stores, specialty stores, grocery stores, fitness institutes, and general discount stores. Additionally, brick-and-mortar stores provide customer loyalty programs and benefits from membership.

Key players

The prominent market players operating in the sports nutrition industry are Glanbia Plc., SternLife, Optimum Nutrition, Hormel Foods Corporation, CytoSport, Inc., Clif Bar & Company, Stokely Van Comp, Inc., Max Nutrition, and MusclePharm.

Recent developments

In April 2021, Unilever acquired Onnit, a supplement, and sports nutrition brand, to increase its portfolio in the lifestyle and wellness segment.

In May 2020, Uelzena eG collaborated with BioHealth International GmbH (BHI) to initiate nutrient food health solutions to advance and innovate sports nutrition supplements and dietary foods.

Sports nutrition market: By product

  • Sports Drink
  • Sports Supplements
  • Sports Foods

Sports nutrition market: By distribution channel

  • E-commerce
  • Brick-and-Mortar

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