Sports Nutrition Ingredients Market
Overview and Scope
Sports nutrition ingredients refer to substances that are frequently put into sports foods or marketed as supplements. It offers the energy needed to accomplish the specified sports activity.
Sizing and Forecast
The sports nutrition ingredients market size has grown strongly in recent years. It will grow from $5.19 billion in 2023 to $5.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growing health and fitness awareness, rise in sports participation, innovation in ingredient formulations, expansion of distribution channels, celebrity endorsements and influencer marketing.
The sports nutrition ingredients market size is expected to see strong growth in the next few years. It will grow to $7.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to continued focus on health and wellness, customization and personalization trends, globalization of sports nutrition brands, rising popularity of plant-based ingredients, government initiatives and regulations. Major trends in the forecast period include plant-based dominance, personalization and customization, clean labels and transparency, functional ingredients and nutraceuticals, innovations in protein sources.
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Segmentation & Regional Insights
The sports nutrition ingredients market covered in this report is segmented –
1) By Product: Sports Drinks, Sports Supplements, Sports Food
2) By Ingredient: Proteins, Carbohydrates, Vitamins and Minerals, Other Ingredients
3) By Distribution Channel: Online Channel, Offline Chanel
4) By Application: Bodybuilders, Pro or Amateur Athletes, Recreational Users, Lifestyle User
5) By End Use: Sports and Energy Beverages, Protein Powders, Energy and Nutrition Bars, Other End Users
North America was the largest region in the sports nutrition ingredients market share in 2023. The regions covered in the sports nutrition ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising demand for dietary supplements is expected to propel the growth of the sports nutrition ingredients market going forward. Dietary supplements refer to dietary additions that are typically made up of one or more dietary components, such as vitamins, minerals, herbs, amino acids, and enzymes. The rising demand for dietary supplements increases the demand for sports nutrition ingredients, as they are used to enhance physical activity and athletic performance. For instance, in September 2021, according to a report shared by The National Library of Medicine, a US-based biomedical library, during the first wave of the pandemic, dietary supplement sales in the United States increased by 44% ($435 million) compared to the same period in 2019. Therefore, the rising demand for dietary supplements drives the sports nutrition ingredients market.
Key Industry Players
Major companies operating in the sports nutrition ingredients market report are Arla Food Ingredients Group P/S, Fonterra Co-operative Group Limited, Glanbia Public Limited Company, Kemin Industries Inc., Lactalis Ingredients, Milk Specialties Company, Naturex SA, Agropur Ingredients LLC, Ajinomoto Company Inc., AMCO Proteins, Nexira Inc., Rousselot Inc., Tiancheng International Inc., Capsugel Inc., Compound Solutions Inc., Roquette Freres SA, Lonza Group Ltd., Kerry Group plc, Sabinsa Corporation, Davisco Foods International Inc., International Dehydrated Foods Inc., ABH Pharma Inc., PepsiCo Inc., Mondelez International Inc., The Coca-Cola Company, Iovate Health Sciences International Inc., Abbott Laboratories, The Simply Good Foods Co., Clif Bar & Company, MusclePharm Corporation, General Nutrition Centers Inc., Bulk Powders Ltd., BioTech USA Kft., Nutrabolt Corporation, Optimum Nutrition Inc., Bio-Engineered Supplements and Nutrition Inc., Dymatize Enterprises LLC, MuscleTech Research and Development Inc., Cellucor Inc., Quest Nutrition LLC, Redcon1 LLC
The sports nutrition ingredients market report table of contents includes:
1. Executive Summary
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