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Thursday, October 13, 2022

Sports Supplements Market Size, Share, Demand, Growth, Report 2022-2027

The ‘Global Sports Supplements Market Price, Size, Share, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global sports supplements market, assessing the market on the basis of its segments like nature, type, distribution channel, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Sports Supplements Market Price, Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 8.6%

The increasing adoption of sports nutrition products by athletes because of the advantages offered is driving the sports supplements market across the globe. Sports supplement products provide advantages like enhanced recovery between events and workouts, ideal gains from training, achievement and maintenance of ideal body weight, reduced injury risk, and performance consistency. This is expected to propel the growth of the market for sports supplements over the coming years around the world.

The increasing consumption of sports supplement products among people with active lifestyles as well as fitness enthusiasts is further expected to push forward the market demand for sports supplements globally over the coming years. Consumers are using such products to gain muscle and energy, as well as support weight management, increasing the market demand for sports supplements.

The growing prevalence of lifestyle diseases like obesity coupled with the surging preference of pro-active health maintenance are anticipated to bolster the growth of the sports supplements market over the coming years. With increasing disposable incomes and the rise in health awareness, the market growth of sports supplements is expected to fuel across the globe.

Sports Supplements Industry Definition and Major Segments

Sports supplements are powders, drinks, or pills utilised to build muscle, lose weight or enhance endurance. Also described as ergogenic aids, sports supplements are products used to improve athletic performance and enhance recovery from exercise. Supplements come in numerous forms and can contain a variety of components that are natural or synthesised.

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Based on nature, the market is divided into:

  • Organic
  • Conventional

On the basis of type, the market can be categorised into:

  • Protein
    • Powder
    • Bar
    • Ready to Drink
    • Others
  • Non- Protein
    • Amino Acids
    • Creatine
    • Beta Alanine and L- Carnitine
    • Others

Based on distribution channel, the market can be segmented into:

  • Hypermarkets and Supermarkets
  • Pharmacy and Drug Stores
  • Specialty Stores
  • Online
  • Others

Based on region, the market is divided into:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa

Sports Supplements Market Trends

The global sports supplements market is expected to witness significant growth on account of the accessibility of a range of formulations including ready-to-drink, bars, powders, and gels. Manufacturers are providing innovative flavours along with functional ingredients to improve the nutritional value and taste which is likely to propel the market growth of sports supplements across the world.

Retailers and manufacturers in the market are involved in new product developments, partnerships, and collaborations to enhance product adoption which is expected to support the market growth of sports supplements over the upcoming years. Social media is further serving as a platform to encourage the use of sports supplements, with various influencers sharing their experiences and recommendations for sports supplements, encouraging viewers to try such products.

Based on the region, North America is holding a considerable share in the sports supplements market on account of the rising awareness about health, wellbeing, and the role of supplements. The increasing consumer engagement in fitness clubs and the strong presence of various market players with numerous strategies adopted are further driving the market growth of sports supplements in North America.

Key Market Players

The major players in the global sports supplements market report are

  • Hormel Foods, LLC
  • General Nutrition Centers, Inc.
  • Post Holdings Inc.
  • Cardiff Sports Nutrition Limited
  • others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us : 

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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