Sports Nutrition Market to grow by USD 12.41 billion from 2022 to 2027, The market is segmented by distribution channel, product, and geography- Technavio

NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The sports nutrition market is expected to grow by USD 12.41 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 7.84% during the forecast period. Expansion of distribution channels is notably driving the sports nutrition market. However, factors such as Concerns about the quality of ingredients may impede market growth. The market is segmented by distribution channel (offline and online), product (non-protein sports nutrition, protein powder, protein RTD, and protein bar), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format 

Key Segment Analysis

• The market share growth in the offline segment will be significant during the forecast period. The most popular channels for the distribution of products, such as sports nutrition, are supermarkets and hypermarkets. The increase in grocery stores and hypermarkets is due to the development of an organized retailing sector in mature and emerging economies. These establishments give customers a wide range of products to choose from, which makes it easier for them to find everything in one place.  

To know additional highlights and key points on various market segments and their impact in coming years, View the FREE PDF Sample Report.

Geographical Market Analysis 

• North America is projected to contribute 41% to the global market's growth. The most contributing countries in the region are the US and Canada. Growth in the US market will mainly be driven by factors, e.g., increasing appetite for sports nutrition products, inclinations towards healthier eating and RTD foods, increased numbers of medical clubs as well as growing demand for meal replacement powders during the forecast period. Furthermore, the market's leading players focus on adding more products to their product range through acquisitions of local suppliers. The growing incidence of lifestyle diseases has driven consumers to become health-conscious and focus more on their eating habits over the last few years. 

Company Insights 
The sports nutrition market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including Abbott Laboratories, Amp Human, Associated British Foods Plc, BPI Sports, California Sports Nutrition, Glanbia plc, Harbin Pharmaceutical Group Co. Ltd., Hormel Foods Corp., JW Nutritional LLC, Kruger GmbH and Co. KG, Nestle SA, NOW Health Group Inc., Nutrivo LLC, Otsuka Holdings Co. Ltd., PepsiCo Inc., Quest Nutrition and Athletics, The Coca Cola Co., Twinlab Consolidated Corp., Ultimate Nutrition Inc., and Weider Global Nutrition LLC

View the FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

The protein bar market size is estimated to grow at a CAGR of 8.1% between 2022 and 2027. The protein bar market size is forecast to increase by USD 1,920.42 million. 

The Europe - sports nutrition market size is estimated to grow at a CAGR of 8.53% between 2022 and 2027. The market size is forecast to increase by USD 3,672.51 million.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio