Sports Nutrition Market by Product, Formulation, Consumer Group, Distribution Channel, End-User

List of Tables

The Sports Nutrition Market was valued at USD 36.52 billion in 2023, expected to reach USD 39.27 billion in 2024, and is projected to grow at a CAGR of 8.04%, to USD 62.78 billion by 2030.

The sports nutrition market encompasses a wide array of products designed to enhance athletic performance, improve recovery, and meet the specific dietary needs of individuals engaging in sports and rigorous physical activities. The scope of this market extends to energy bars, protein supplements, hydration drinks, vitamins, and minerals, catering to both professional athletes and fitness enthusiasts. The necessity of sports nutrition is underscored by the growing awareness of health and fitness, the rise in disposable income, and the increasing inclination towards leading active lifestyles. Key applications within this market involve muscle building, endurance enhancement, and post-exercise recovery. The end-use scope primarily includes sports clubs, gyms, personal trainers, and individual consumers.

KEY MARKET STATISTICS
Base Year [2023]	USD 36.52 billion
Estimated Year [2024]	USD 39.27 billion
Forecast Year [2030]	USD 62.78 billion
CAGR (%)	8.04%

In terms of market insights, increasing consumer interest in fitness and health, alongside advancements in nutritional science and product innovations, are key growth drivers. Opportunities are ripe within plant-based sports nutrition products due to the rising vegan trend and concerns over sustainability and animal welfare. Companies should focus on clean-label products with minimal additives to align with consumer demand for transparency. Technological advancements in product formulations and encapsulation processes also present significant growth prospects.

Challenges in the sports nutrition market include the high cost of research and development, stringent regulations regarding product safety and marketing claims, and intense competition from well-established brands. Market growth can be hindered by consumer skepticism about the efficacy and safety of certain supplements. Areas of innovation include personalized nutrition based on genetic testing and microbiome assessment, which could offer tailored sports nutrition solutions. Research into gut health-supporting sports supplements also holds promise, considering the increasing understanding of the gut's role in overall health and performance.

The sports nutrition market is characterized by rapid growth and transformation, driven by changing consumer expectations towards health-enhancing products. Firms need to prioritize consumer education and transparency to effectively capture more market share, while also focusing their research on sustainable and personalized options to stay ahead in this competitive landscape.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Sports Nutrition Market

The Sports Nutrition Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising participation in sports and fitness activities
- Increased use of sports nutrition to enhance performance training
- Easy and convenient multiple online availability of products
Market Restraints
- Volatile costs of raw materials used in manufacturing of sports nutrition products
Market Opportunities
- Increasing influence of organic sport nutrition and preference for personalized nutrition
- Introduction of sports nutrition with new flavors in attractive packaging
Market Challenges
- Availability of cheap counterfeit products and product safety issues

Porter's Five Forces: A Strategic Tool for Navigating the Sports Nutrition Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Sports Nutrition Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Sports Nutrition Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Sports Nutrition Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Sports Nutrition Market

A detailed market share analysis in the Sports Nutrition Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Sports Nutrition Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Sports Nutrition Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Sports Nutrition Market

A strategic analysis of the Sports Nutrition Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Sports Nutrition Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Ajinomoto Co., Inc., Archer-Daniels-Midland Company, BioCorp Nutrition Labs, Bulk by Sports Supplements Limited, Clif Bar & Company by Mondelez Global LLC, DYAD LABS by MERIEUX NUTRISCIENCES CO., Eleat Sports Nutrition, LLC, General Nutrition Centers Inc., Glanbia PLC, GlaxoSmithKline PLC, Hormel Foods Corporation, Iovate Health Sciences International Inc., Koninklijke DSM N.V., Lonza Group, Momentous, MusclePharm Corporation, Nestle S.A., NutriSport Pharmacal, Inc., Nutrivo, Olimp Laboratories Sp. z o.o., PanTheryx, Inc. by Colostrum Company, PepsiCo Inc., Post Holdings, Inc., Proteini.si, Science in Sport PLC, SDC Nutrition Inc., Superior Supplement Manufacturing, Twinlab Consolidation Corporation, Ultimate Nutrition Inc., and Vega US, LLC.

Market Segmentation & Coverage

This research report categorizes the Sports Nutrition Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Sports Drink, Sports Foods, and Sports Supplements. The Sports Drink is further studied across Hypertonic, Hypotonic, and Isotonic. The Sports Foods is further studied across Energy Bars, Protein Bars, and Protein Gels. The Sports Supplements is further studied across Amino Acids, Carbohydrates, Minerals, Omega -3, Probiotics, Protein, and Vitamin.
Based on Formulation, market is studied across Liquid, Powder, and Tablets/Capsules.
Based on Consumer Group, market is studied across Adults, Children, and Geriatric.
Based on Distribution Channel, market is studied across E-Commerce, Retail Stores & Convenience Stores, and Supermarket & Hypermarket.
Based on End-User, market is studied across Athletes, Bodybuilders, Fitness Enthusiasts, and Recreational Users.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-A339DAEFAB39

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising participation in sports and fitness activities
  - 5.1.1.2. Increased use of sports nutrition to enhance performance training
  - 5.1.1.3. Easy and convenient multiple online availability of products
- 5.1.2. Restraints
  - 5.1.2.1. Volatile costs of raw materials used in manufacturing of sports nutrition products
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing influence of organic sport nutrition and preference for personalized nutrition
  - 5.1.3.2. Introduction of sports nutrition with new flavors in attractive packaging
- 5.1.4. Challenges
  - 5.1.4.1. Availability of cheap counterfeit products and product safety issues
5.2. Market Segmentation Analysis
- 5.2.1. Product: Higher consumption of sport foods tailored to meet the nutritional demands of athletes and fitness enthusiasts
- 5.2.2. Formulation: Growing preferences for powdered formulations offering customizability and cost-effectiveness
- 5.2.3. Distribution Channel: Extensive adoption of eCommerce platforms for the availability of broad collections of diverse sports nutrition products
- 5.2.4. End-User: Consumption of sports nutrition products among athletes and bodybuilders seeking for high-performance and targeted nutrition
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Sports Nutrition Market, by Product

6.1. Introduction
6.2. Sports Drink
- 6.2.1. Hypertonic
- 6.2.2. Hypotonic
- 6.2.3. Isotonic
6.3. Sports Foods
- 6.3.1. Energy Bars
- 6.3.2. Protein Bars
- 6.3.3. Protein Gels
6.4. Sports Supplements
- 6.4.1. Amino Acids
- 6.4.2. Carbohydrates
- 6.4.3. Minerals
- 6.4.4. Omega -3
- 6.4.5. Probiotics
- 6.4.6. Protein
- 6.4.7. Vitamin

7. Sports Nutrition Market, by Formulation

7.1. Introduction
7.2. Liquid
7.3. Powder
7.4. Tablets/Capsules

8. Sports Nutrition Market, by Consumer Group

8.1. Introduction
8.2. Adults
8.3. Children
8.4. Geriatric

9. Sports Nutrition Market, by Distribution Channel

9.1. Introduction
9.2. E-Commerce
9.3. Retail Stores & Convenience Stores
9.4. Supermarket & Hypermarket

10. Sports Nutrition Market, by End-User

10.1. Introduction
10.2. Athletes
10.3. Bodybuilders
10.4. Fitness Enthusiasts
10.5. Recreational Users

11. Americas Sports Nutrition Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Sports Nutrition Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Sports Nutrition Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Gelita to Launch Two New Softgel and Sports Nutrition Ingredient Solutions
- 14.3.2. RhinoFit Launches New Sports Nutrition Line
- 14.3.3. Nextfoods Announces Merger of GoodBelly and Cheribundi to Create Synergies in Functional Food & Beverages
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Abbott Laboratories
2. Ajinomoto Co., Inc.
3. Archer-Daniels-Midland Company
4. BioCorp Nutrition Labs
5. Bulk by Sports Supplements Limited
6. Clif Bar & Company by Mondelez Global LLC
7. DYAD LABS by MERIEUX NUTRISCIENCES CO.
8. Eleat Sports Nutrition, LLC
9. General Nutrition Centers Inc.
10. Glanbia PLC
11. GlaxoSmithKline PLC
12. Hormel Foods Corporation
13. Iovate Health Sciences International Inc.
14. Koninklijke DSM N.V.
15. Lonza Group
16. Momentous
17. MusclePharm Corporation
18. Nestle S.A.
19. NutriSport Pharmacal, Inc.
20. Nutrivo
21. Olimp Laboratories Sp. z o.o.
22. PanTheryx, Inc. by Colostrum Company
23. PepsiCo Inc.
24. Post Holdings, Inc.
25. Proteini.si
26. Science in Sport PLC
27. SDC Nutrition Inc.
28. Superior Supplement Manufacturing
29. Twinlab Consolidation Corporation
30. Ultimate Nutrition Inc.
31. Vega US, LLC