Sports Nutrition Market to Reach over $78 Billion by 2030: P&S Intelligence

2022-11-01

NEW YORK, Nov. 1, 2022 /PRNewswire/ -- According to the recent study published by P&S Intelligence, the value of the

sports nutrition market was about $38 billion in 2021, and it will reach over $78 billion by 2030, at a growth rate of over 8%.

Sports Supplements Generating Highest Revenue

Sports supplements had the largest share, in excess of 52%, in the past. This is mainly because of the increasing usage of protein supplements, especially whey protein, for strengthening the muscles by sportspersons and gym-goers.

Additionally, the obtainability of numerous plant proteins, such as soy, pumpkin seeds, spirulina, rice, hemp, and peas, at retail platforms including Amazon and Walmart will support the increase in their sales.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/sports-nutrition-market/report-sample

Sports food will have the highest growth rate in the future, with energy and protein bars gaining popularity as on-the-go snacks. Likewise, the requirement for healthy snacking for managing weight is on the rise because of the growing occurrence of obesity.

Post-Workout Supplements Are Highly Demanded

Post-workout supplements are demanded the most, and thus, they held an over 34% share in the past. This is since these products repair injured muscles, improve muscle gain, aid energy recovery after strenuous physical activity, and maintain the mass of the muscles.

Sports Nutrition Products Are Majorly Used by Adults

Adults are the largest consumers of these products, credited to a large count of consumers in the age group of 18–64 years. Moreover, these consumers are actively involved in sports and fitness activities. Likewise, the increasing population of working women is escalating the demand for nutrition supplements.

Additionally, adults will be the fastest-growing consumers in the near future. This is because of the increasing spending on health supplements, growing awareness concerning wellbeing, and rising demand for sugar-free and vegan supplements.

Furthermore, the requirement for plant-based supplements is quickly increasing, and firms are addressing this trend by introducing compatible products.

Browse detailed report on Sports Nutrition Market Size, Share and Demand Analysis Report 2022-2030

Powdered Supplements Are High in Demand

Powdered supplements were demanded the most in the past because of the high-volume usage of protein powder. Furthermore, the usage of nutritional powders by fitness enthusiasts and athletes is increasing because of the innovations in powdered supplements, such as those used for making thick shakes.

North America has the largest revenue share, of over 35%. This is credited to the growing requirement for supplements on account of the increasing awareness of people concerning health and the existence of numerous players.

Europe will experience significant growth in the near future. This is because of the increase in sports participation and a growth in the count of initiatives taken by private and public organizations in regional countries to promote sound health.

Global Sports Nutrition Market Report Coverage

By Product Type

Sports Supplements

Sports Drinks

Sports Foods

Meal Replacement Products

Weight Loss Products

By Application

Pre-workout

Post-workout

Weight Loss

By Formulation

Tablets

Capsules

Powder

Softgels

Liquid

Gummies

By Consumer Group

Children

Adult

Geriatric

By Activity

Heavy users

Light users

By Distribution Channel

Brick & Mortar

Specialty Stores

Small Retail Stores

Fitness Institutes

Grocery Stores

General Discount Stores

Discount Clothing Retailers

E-Commerce

Regional Analysis

North America

U.S.

Canada

Europe

U.K.

Germany

France

Spain

Italy

Asia-Pacific

China

India

Japan

South Korea

Australia

Latin America

Brazil

Mexico

Middle East and Africa

Saudi Arabia

South Africa

Browse More Reports Published by P&S

Global Enteral Nutrition Market Size and Share Analysis Report, 2030

Global Clinical Nutrition Market Size and Share Analysis Report, 2030

Global Omega-3 Market Size and Share Analysis Report, 2030

About

P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:

Prajneesh Kumar

P&S Intelligence

Phone: +1-347-960-6455

Email: [email protected]

Web: https://www.psmarketresearch.com

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

SOURCE P&S Intelligence