Sports Nutrition Ingredients Market Segmented By Proteins, Carbohydrates, Vitamins and Minerals Ingredient in Sports and Energy Beverages, Protein Powders, Energy and Nutrition Bars
ID: PMRREP6955
Format: PPT*, PDF, EXCEL
Last Updated: 30 December 2022
Industry: Food and Beverages
Number of Pages: 272
The market for sports nutrition ingredients can be expected to expand at a value based CAGR of 10.0% and show an increase in revenue from US$ 6,350.2 Mn to around US$ 16,835.9 Mn by 2033.
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Sports Nutrition Ingredients Market Size (2023E) |
US$ 6,350.2 Mn |
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Projected Sales of Sports Nutrition Ingredients (2033F) |
US$ 16,835.9 Mn |
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Value CAGR (2023-2033) |
10.0% |
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Value Share of Top 4 Countries (2022E) |
60.0% |
The global sports nutrition ingredients market has witnessed significant growth in the historical period registering a CAGR of 5.9% in the historical period and was valued at US$ 6,350.2 Mn in 2023. The market is expected to grow steadily with increasing consumption and awareness about benefits related to sports nutrition ingredients.
There has been growing interest of consumers in the sports nutrition category during the recent past. In the current scenario, sports nutrition is not only the domain of athletes, but also includes health-concerned fitness and lifestyle consumers. Consumers are embracing health practices, including gym, yoga, and consumption of food with health benefits.
This has led to an increase in the demand for sports nutrition products. Protein supplements, including whey protein, have gained immense acceptance among athletes and the gym going population as an effective and most efficient source of energy, along with vegetables, fruits, and meat products. This has accelerated due to the increasing appeal for protein as the most important ingredient in the overall sports nutrition products market. Proteins help increase energy, optimize weight management, and increase muscle mass and strength.
According to the research report on global sports nutrition ingredients market, it is anticipated that the market will witness steady growth during the assessment period. The global market for sports nutrition ingredients has followed a steady positive growth graph before 2017 and is poised to draw a positive upward graph in the coming years.
The global market for sports nutrition ingredients is estimated to reach an approximate valuation of US$ 10,355.9 Mn in the forecast period.
“e-Commerce is Increasing Transparency and Product Penetration”
Electronic technologies are continuously and increasingly deployed throughout the supply chain of sports nutrition ingredients. c-Commerce has become an important platform which has benefited both manufacturers and consumers. The manufacturers of sports nutrition ingredients products can promote and sell their product on a global platform and can connect with a much broader consumer base through online retailing. Besides, consumers are also getting benefited from the growing e-Commerce in the supply chain as the consumers have greater accessibility to the products. Consumers have the transparency to compare the products and their prices at the same platform providing them ease of decision making. The growing e-Commerce is thus leading to an increasing market opportunity for sports nutrition ingredients market.
“Rising Non-GMO Trend”
GMO or Genetically modified organisms spark debate in scientific circles and consumers because of their long-term health impact on humans isn’t yet well understood. Further concerns regarding the production of these crops and their impact on the environment. While investable vehicles and strategies in this space are limited, the demand for non-GMO is growing amongst modern day consumers. This consumer trend could have wide-ranging effects on retailers, and food and beverage manufacturers. According to the PMR, sales of food branded as “non-GMO” grew more than US$ 7.9 billion from 2018 to 2022, reaching nearly US$ 22 billion in total sales. When it comes to developing new products, or updating labels for existing products, the manufacturers should contemplate consumer trends to efficiently market their products. Since non-GMO products are associated with being “healthy”, or “quality” products by consumers, producers may want to voluntarily label their products as non-GMO.
“Growing Number of Health Clubs, Fitness Centres, and Emergence of Online Fitness Classes to Assist Market Growth”
The market for sports nutrition ingredients products has a positive growth outlook with numerous opportunities. It is not only the athletes or sports persons that sustain the market as a largely fair portion of the market is also run by students, sports enthusiasts, fitness freaks, and consumers from demanding professions. The health clubs and fitness centers target the latter consumer segment for signing up their memberships. Many of these health clubs are directly involved in the sale of protein supplements, nutrition bars, energy drinks, and similar sports nutrition products to their members, thereby further helping with income generation.
“Sports Drinks may Displace Necessary Nutrients for Growing Youths.”
Many foods and beverages that contain added sugars, such as sports drinks, supply calories to the diet, but contain few or no essential nutrients and no dietary fibre. Among children and adolescents, intake of sugar sweetened beverages has been shown to be negatively associated with intake of milk, as well as calcium, vitamin D, folate, and iron.
What is the value share held by U.S. for the sports nutrition ingredients market?
North America holds 34.67% of the global sports nutrition ingredients market value share while U.S. holds 34.67% of the market share.
The North America sports nutrition ingredient market is estimated to be valued US$ 10,51.2 Mn in the year 2022. The North America sports nutrition market is estimated to register an incremental value of US$ 4,48.8 Mn over the forecast period registering a value CAGR of 10.6%. The increasing demand for sports nutrition ingredient in North America is backed up by health and wellness conscious population and increasing demand for non-GMO and organic flavours.
How is the European Sports Nutrition Ingredients Market Faring?
The Europe sports nutrition market is estimated to be valued US$ 7,76.2Mn in the year 2022. The Europe sports nutrition market is estimated to register an incremental value of US$ 3,19.6 Mn over the forecast period registering a value CAGR of 9.2%.
Which Type of Sports Nutrition Ingredients Accounts for High Revenue Generation?
Proteins segment in the ingredient type category is the largest segment with a high market value. In 2018, this segment dominated the global market with a high market share and is expected to lead the market by the end of 2033 as well. In 2018, the proteins segment is valued at US$ 2.2 Bn and is estimated to touch a valuation of more than US$ 3.5 Bn by the end of the assessment year. It is projected to grow during the period of forecast, 2023-2033.
Which segment of Sports Nutrition Ingredients is seen more across the World?
Carbohydrates segment in the ingredient type category is expected to grow at a significant rate in the coming years. Carbohydrates consumption increased dramatically over the past couple of years. This segment is estimated to be the second largest, after proteins segment, and is projected to grow at a 5.8% value CAGR during the 2017-2025 timeline.
From an estimation of around US$ 1.6 Bn in 2017 it is anticipated to reach US$ 2.5 Bn by the end of the assessment year (2025). Minerals are essential for providing hydration, nerve transmission and muscle contraction among athletes. The minerals and others ingredient type segment is expected to reflect a value of about US$ 500 Mn by the end of the assessment year from around US$ 340 in 2017 and is projected to grow at a moderate value CAGR during the said period.
The global sports nutrition market showcases promising growth with an upwards trajectory due to various growing interests of numerous food & beverage companies such as Keurig Dr. Pepper, Nestlé, Coca-Cola and Ajinomoto, among others. There has been a heavy capital influx due to investment in research and development regarding the optimization of production processes in order to maximize gains to stay ahead in the highly competitive industry.
By Ingredient:
By End Use:
By Region:
The global market for sports nutrition ingredients has a value of US$ 6,350.2 Mn in 2023.
The global market for sports nutrition ingredients has a value CAGR of 5.9% from 2018-2022.
The global market for sports nutrition ingredients has a value of US$ 10,355.9 Mn in 2033.
The global market for sports nutrition ingredients has a value CAGR of 10.0% from 2023-2033.
The top players in the global sports nutrition ingredients market includes Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Nutrabolt, GlaxoSmithKline plc.
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Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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