Global Sports Supplements Market, By Type (Protein And Non Protein), Nature (Organic and Conventional), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, And Other Distribution Channels), End User (Athletes, Bodybuilders, And Lifestyle Users), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Sports Supplements Market
Data Bridge Market Research analyses that the global sports supplements market to account USD 19.45 billion by 2029 growing at a CAGR of 10.50% in the forecast period of 2022-2029. Given the growing number of fitness clubs and gyms around the world, as well as consumer health consciousness, manufacturers of sport supplements are focusing on improving their promotional strategies in order to attract a large segment of customers.
Sports supplements are specialised nutrition products that are intended to improve performance and speed recovery during and after sports activities such as athletics, workouts, or bodybuilding. Most sports nutrition products contain ingredients that improve physical capabilities and energy absorption in the body, allowing the consumer to get the most out of their efforts.
Increasing climatic change, hectic lifestyles, and shifting food habits are all having an impact on human health, as well as food, water, air, and weather. As a result of these factors, people are becoming more health conscious, focusing on exercise and the consumption of nutritional foods and supplements to boost energy levels and maintain a balanced diet. Furthermore, urbanisation is spreading rapidly around the world. Standard lifestyles, employment, and the ease of daily life practises are drawing the rural population to cities, resulting in crowd culture. People are preferring nutritional supplements as part of maintaining health and fitness, which is boosting the global sports supplement market.
Furthermore, an increase in demand from casual consumers, who are not actively engaged in any strenuous physical activities, is propelling market growth. The demand for energy bars and ready-to-drink protein drinks among lifestyle users is rapidly increasing, which is assisting the market's growth. Moreover, the availability of such products is becoming much easier with the use of online stores and delivery services, which is aiding in the growth of the sports nutrition market.
However, the high cost of nutritional supplements and various side effects caused by nutritional supplements are expected to act as a restraint on the market's growth, whereas the presence of various alternatives in the market has the potential to challenge the market's growth.
This sports supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sports supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sports Supplements Market Scope and Market Size
Sports supplements market is segmented into seven notable segments which are based on type, nature, distribution channel and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the sports supplementss market is segmented into protein and non-protein. Protein is further segmented into powder, bars and ready to drink. Non protein is further segmented into amino acids, creatine, beta-alanine and l-carnitine.
- On the basis of nature, the sports supplements market is segmented into organic and conventional.
- On the basis of distribution channel, the sports supplementss market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online stores, and other distribution channels
- On the basis of end user, the sports supplementss market is segmented into athletes, bodybuilders, and lifestyle users
Sports Supplements Market Country Level Analysis
The sports supplements market is analyses and market size, volume information is provided by country, type, nature, distribution channel and end user as referenced above.
The countries covered in the sports supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the sports supplements market due to increased use of dietary supplements as a result of growing awareness about the health benefits of consuming these supplements, which provide nutrients such as minerals and vitamins. Due to growing awareness of the importance of a healthy diet in countries such as China and India in this region, Asia-Pacific is expected to expand at a significant rate from 2022 to 2029.
The country section of the sports supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sports Supplements Market Share Analysis
The sports supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sports supplements market.
Some of the major operating in the sports supplements market report are Herbalife International of America, Inc., Bayer AG, Pfizer Inc., Merck KGaA, Glanbia plc, ADM, DSM, BASF SE, Amway India Enterprises Pvt. Ltd., GlaxoSmithKline plc., DuPont, Abbott, Chemi Nutra LLC, Novartis AG, Nestle, A1Supplements, OZiva, The Vitamin Shoppe, NOW Foods and ProHealth, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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