PUBLISHER: SkyQuest | PRODUCT CODE: 1461487
PUBLISHER: SkyQuest | PRODUCT CODE: 1461487
Global Sports and Fitness Nutrition Foods and Beverages Market size was valued at USD 42.90 billion in 2022 and is poised to grow from USD 46.07 billion in 2023 to USD 81.56 billion by 2031, growing at a CAGR of 7.4% during the forecast period (2024-2031).
The growing popularity of nutrition bars, energy bars, and ready-to-drink products, together with the appreciation of protein as a vital element, are the main factors driving the growth of the sports fitness nutrition foods and beverages market. In addition, it is anticipated that proteins will become widely recognized as a nutrient-dense, well-balanced food source. Additionally, proteins are likely to provide practical advantages like immune system support and weight control, which will drive market expansion throughout the course of the forecast period. The expansion of the sports fitness nutrition foods and beverages market appears to be driven by the fact that many athletes use nutritional products to improve their athletic performance, endurance, and muscle recovery (2023-2030). During the forecast period, the primary obstacle preventing market expansion is a shortage of nutrition education.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sports and Fitness Nutrition Foods and Beverages Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Sports and Fitness Nutrition Foods and Beverages Market Segmental Analysis
The global sports and fitness nutrition foods and beverages market is segmented on the basis of product, distribution channel, end-use, and region. In terms of product, the market is grouped into sports nutrition, sports/energy foods, and sports/energy drinks. Based on distribution channels, the market is bifurcated into online, and offline. The end-use segment is further classified into athletes, lifestyle users, bodybuilders, and recreational users. Region Wise, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Drivers of the Global Sports and Fitness Nutrition Foods and Beverages Market
The sports nutrition food beverage market is expected to grow during the aforementioned forecasting period due to factors such as the fast urbanization of the population, the rise in non-traditional users, the growth of the global sports nutrition market, and the expansion of fitness centers and health clubs.
Restraints in the Global Sports and Fitness Nutrition Foods and Beverages Market
Lack of real-world experience choosing meals and restricted availability to food due to busy schedules and frequent travel may restrict the market's ability to grow for sports and fitness nutrition goods and beverages.
Market Trends of the Global Sports and Fitness Nutrition Foods and Beverages Market
Demand for sports and fitness nutrition foods and beverages is rising due to a number of factors, including consumers' growing preference for convenient nutrition, their increased use of sports beverages as refreshment drinks, the introduction of new products, and the use of natural ingredients that provide sustained energy benefits.