Sports Nutrition Market by Product and Geography - Forecast and Analysis 2020-2024

The sports nutrition market size has the potential to grow by USD 8.74 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (non-protein sports nutrition products, sports protein powder, sports protein RTD , sports protein bar, and other protein sports nutrition products) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Abbott Laboratories, Clif Bar & Co., Glanbia Plc, Klean Athlete, Momentous, MusclePharm Corp., NOW Health Group Inc., PepsiCo Inc., Pro Action srl, and Weider Global Nutrition.

Market Overview

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Market Competitive Analysis

The market is fragmented owing to the presence of several international and regional players that offer a wide product portfolio. The increasing demand for these products is consequent in intense competition among the vendors. According to the sports nutrition market anlaysis research report, sports nutrition vendors compete intensely in terms of new product launches, product line extensions, price, marketing activities, and geographical expansion. High growth potential of the protein supplements market encourages the entry of new players. Abbott Laboratories, Clif Bar & Co., and Glanbia Plc are some of the major market participants. Although the expansion of distribution channels will offer immense growth opportunities, the concerns about quality of ingredients will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this sports nutrition market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this sports nutrition market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Abbott Laboratories
• Clif Bar & Co.
• Glanbia Plc
• Klean Athlete
• Momentous
• MusclePharm Corp.
• NOW Health Group Inc.
• PepsiCo Inc.
• Pro Action srl
• Weider Global Nutrition

Sports Nutrition Market: Segmentation by Geography

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North America was the largest sports nutrition market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the growing demand for sports nutrition products, inclination toward healthy eating and RTD, the growing number of health clubs, and the rising demand for meal-replacement powders will significantly drive sports nutrition market growth in this region over the forecast period.

51% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sports nutrition in North America. Market growth in this region will be slower than the growth of the market in APAC.

Sports Nutrition Market: Segmentation by Product

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The global non-protein sports nutrition product market is growing gradually due to the availability of convenient products, the rising demand from mainstream consumers, and the rising popularity of clean label products. The non-protein sports nutrition products include amino acids, carbohydrates, Beta-alanine, creatine, L-carnitine, and nitric oxide boosters.

Moreover, the increasing incidences related to liver and kidney are leading to the launch of many new non-protein sports nutrition products in the market. This report provides an accurate prediction of the contribution of all the segments to the growth of the sports nutrition market size.

Sports Nutrition Market: Key Drivers and Trends

Consumers must essentially consume protein supplements to maintain their weight and fitness level. Also, consumers focusing on muscle and bone strength are increasingly demanding for protein supplements from both men and women category. Technavio’s market study identifies the increasing demand for protein supplements to be one of the primary growth factors for the sports nutrition market. To cater to this increasing demand, manufacturers in the protein supplements market are offering wide product portfolio in various forms such as bars, RTD formula, and powder. Our market analysts estimate that the market will grow steadily at a CAGR of almost 8% by 2024.

Sports nutrition manufacturers are integrating several innovative ingredients to enhance the benefits of their products. Sports nutrition products are consumed for several purposes such as muscle building, energy and recovery, weight loss, and testosterone support. For example, certain manufacturers have used probiotics and enzymes to support the functions of the gastrointestinal tract. Several manufacturers have replaced traditional carbohydrates core with added protein and stable flavor to provide a clean label whey protein product with increased protein and less carbohydrate content. The increasing use of innovative ingredients is identified as one of the key sports nutrition market trends, supporting the growth of the market share.

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Sports Nutrition Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive sports nutrition market growth during the next five years
• Precise estimation of the sports nutrition market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the sports nutrition industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of sports nutrition market vendors

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