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PRESS RELEASE
Published September 28, 2023
The Sports Nutrition and Fitness Supplements market 2023-2029 is an extensive market research report which provides industry analysis with a historical & futuristic outlook for the following parameters; market size, revenue, demand, and supply data. The report includes comprehensive information on the market drivers, key trends and challenges, a deep examination of technology trends, opportunities, value chains, future roadmaps, and strategies. The report consists of SWOT, PESTEL, and Porter’s 5-forces analysis frameworks. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the current scenario. MIR ensures qualified and verifiable aspects of market data operating in the real- time scenario.
Top companies covered in this report: iNova Pharmaceuticals, The Bayer Group, Prozis, USN, Adcock Ingram, ASN Advanced Sports Nutrition, GAT SPORT, Ascendis Health, Nativa, MET-Rx,
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Sports nutrition and fitness supplements have witnessed significant growth in recent years, driven by a surge in health consciousness, an increase in fitness activities, and changing lifestyles. Here’s an analysis of the demand for sports nutrition and fitness supplements up to 2023:
1. Market Growth:
The global sports nutrition market has been on an upward trajectory, driven by a growing number of consumers focusing on health, wellness, and physical fitness.
2. Consumer Demographics:
While initially targeted toward athletes and bodybuilders, these products have gained popularity among the general population. The consumer base has expanded to include:
Casual gym-goers
People engaged in recreational sports
Individuals pursuing physical fitness as part of a healthy lifestyle
3. Product Segmentation:
The market can be broadly segmented into:
Protein Powders: Continues to dominate the market share, favored by both professional athletes and casual fitness enthusiasts.
Ready-to-Drink (RTD) Beverages: Gaining popularity due to their convenience.
Amino Acids: Essential and branched-chain amino acids (BCAAs) for muscle recovery are popular.
Creatine, Beta-Alanine, and other performance enhancers: Used for improving workout performance.
Vitamin and Mineral Supplements: To support overall health and fill dietary gaps.
Weight Loss Supplements: Including fat burners and appetite suppressants.
4. Distribution Channels:
While traditional stores (like GNC) remain popular, there’s a growing shift towards online sales, driven by:
Convenience of home delivery
Broader product range online
Competitive pricing and frequent discounts/promotions
User reviews aiding purchase decisions
5. Regional Demand:
North America: Continues to lead in terms of market share, thanks to a well-established fitness culture and high disposable incomes.
Europe: Also has a significant market, especially Western Europe.
Asia-Pacific: Fastest-growing region, especially countries like China and India, due to increasing health consciousness, growing middle class, and urbanization.
6. Market Challenges:
Regulation and Quality Control: The industry sometimes faces scrutiny over product safety, quality, and efficacy. Rigorous testing and clear labeling are crucial.
Competition: The market is highly competitive with numerous brands, making differentiation and branding vital.
Counterfeit Products: Especially a problem in online sales.
7. Innovation and Trends:
Clean Label: Consumers increasingly seek products with minimal additives and transparent ingredient lists.
Plant-based Nutrition: There’s a growing demand for vegan and plant-based protein sources like pea, rice, and hemp.
Functional Ingredients: The inclusion of nootropics, adaptogens, and probiotics in supplements is on the rise.
Personalization: Tailoring supplements to individual’s specific health needs and goals.
8. Influence of Social Media and Influencers:
Fitness influencers and celebrities endorsing or promoting sports nutrition products play a significant role in driving consumer choices.
Conclusion:
The demand for sports nutrition and fitness supplements is expected to grow, driven by increasing awareness about health and fitness, innovations in the industry, and broader consumer acceptance. However, brands will need to navigate challenges related to regulation, competition, and evolving consumer preferences.
For a more recent and detailed analysis post-2021, you may want to consider accessing reports from market research firms or industry publications.
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Sports Nutrition and Fitness Supplements Market Segmentation:
Market Segmentation by Product Type
Protein
Vitamin
Herbal Product
Creatine Tablet
Carbohydrate Drink
Crucial Applications of the Market are:
Hypermarkets
Supermarkets
Food Specialty Stores
Convenience Stores
Others
Regional Outlook:
The report’s primary insights into various regions and the major companies involved in each one are provided in this section. When evaluating a region’s or country’s growth, economic, social, environmental, technological, and political issues have all been taken into account. Additionally, each country’s and region’s revenue and sales information for the years 2018 through 2029 will be made available to readers.
The market has been divided into four key regions: North America, Europe, Asia-Pacific, and South America. The regional part will include a thorough analysis of important nations like the United States, Germany, the United Kingdom, Italy, France, China, Japan, South Korea, Southeast Asia, and India. Data will be provided for the market estimations using 2022 as the base year, followed by estimates for 2023 and a forecast value for 2029.
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Chapter 1 Sports Nutrition and Fitness Supplements Market Overview
Chapter 2 Sports Nutrition and Fitness Supplements Market competition, Overview/Analysis, Strategies
Chapter 3 Market capacity, Production, Revenue (Value) by Regions (2023-2029)
Chapter 4 Sports Nutrition and Fitness Supplements Market Supply (Production), Consumption, Export, Import (2023-2029)
Chapter 5 Global Sports Nutrition and Fitness Supplements Market Regional Highlights
Chapter 6 Industry Chain, Sourcing Strategies and Downstream Buyers
Chapter 7 Marketing Strategy Analysis, Distributors/Traders
Chapter 8 Analysis of Market Influence Factors
Chapter 9 Market Decisions in Current Scenarios
Chapter 10 Global Sports Nutrition and Fitness Supplements Market Forecast (2023-2029)
Chapter 11 Case Studies
Chapter 12 Research Findings and Conclusions
Key questions answered by this report
- What is the growth potential of the Sports Nutrition and Fitness Supplements market?
- Which product segment will take the lion’s share?
- Which regional market will develop as a pioneer in the coming years?
- Which application segment will experience strong growth?
- What growth opportunities might arise in the industry in the years to come?
- What are the most significant challenges that the Sports Nutrition and Fitness Supplements market could face in the future?
- Who are the leading companies in the Sports Nutrition and Fitness Supplements market?
- What are the leading trends that are completely impacting the growth of the market?
- What growth strategies are the players considering to stay in the Sports Nutrition and Fitness Supplements market?
Conclusion: At the end of the Sports Nutrition and Fitness Supplements Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.
“Russia-Ukraine War Impact 2022: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the market
The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the market during the war.”
Customization of the report: The report can be customized according to the client’s requirements. Get in touch with our sales experts and we’ll make sure you get a report that fits your needs.
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Irfan Tamboli (Head of Sales) – MIR
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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected].
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