The global sports nutrition market is anticipated to grow significantly at a CAGR of 8.8% over the forecast period (2024-2031). The global sports nutrition market is segmented on the basis of use, product type, and distribution channel. Based on the use, the market is segmented as energy supplement, recovery supplement, and performance-enhancing supplement. Based on the product type, the market is segmented as sports food, sports drink, and sports supplements. Whereas, based on the distribution channel, the market is segmented as offline channels and online channels. The sports supplement segment of the global sports nutrition market is estimated to grow substantially over the forecast period.
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The key aspect that drives the segmental growth of the global sports nutrition market is the wide availability of sports supplements as well as the awareness of the consumer regarding the sports supplements such as essential vitamins and minerals. Besides, the availability of energy supplements, recovery supplements, and performance-enhancing supplements separately also catalyzes market growth. Further, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as Abbott Laboratories Inc., Glanbia PLC, GlaxoSmithKline Plc, Hormel Foods Corp., Nature’s Bounty Co., PepsiCo, Inc., Reckitt Benckiser Group Plc, and The Coca-Cola Co. among others substantially contribute to the market growth.
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Market Coverage
- Segment Covered- By Use, Product Type, and Distribution Channel
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Abbott Laboratories Inc., Glanbia PLC, GlaxoSmithKline Plc, Hormel Foods Corp., Nature’s Bounty Co., PepsiCo, Inc., Reckitt Benckiser Group Plc, and The Coca-Cola Co. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Sports Nutrition Market – Segmentation
By Use
- Energy Supplement
- Recovery Supplement
- Performance-Enhancing Supplement
By Product Type
- Sports Food
- Sports Drink
- Sports Supplements
By Distribution Channel
- Offline Channels
- Online Channels
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