Global Sports Nutrition Ingredients Market - 2023-2030

Global Sports Nutrition Ingredients Market - 2023-2030

Market Overview

Sports Nutrition Ingredients Market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 6.54% during the forecast period (2023-2030).

Sports nutrition basically refers to the foods and beverages consumed by athletes to meet their bodily nutrition needs. Athletes' performance is enhanced by sports nutrition, which provides the body with essential vitamins, minerals, fats, carbohydrates, and proteins. In addition, the growing demand for sports nutrition products that can meet a variety of needs of athletes, athletes, and fitness enthusiasts is driving the sports nutrition ingredients market. Furthermore, the consistently growing popularity of supplements containing essential amino acids for any sport activity is driving market growth. Along with the growing awareness about the of the benefits of sports nutrition has accelerated the market's expansion.

Market DynamicsRising cases of obesity disorders increasing demand for sports nutrition products for fitness

Increasing occurrence of obesity disorders has resulted in the rising importance and demand of fitness and sports activities which is expected to fuel the demand over the forecast period. The development of ingredients with low carbs and high protein is expected to find new applications in sports nutrition products over the period of time. The emergence of plant proteins in food & beverage industry on account of their low cost is expected to fuel the demand over the years. For instance, in 2020, according to Office for Health Improvement & Disparities, Around two-thirds (63%) of adults are above a healthy weight, and of these half are living with obesity. In England 1 in 3 children leaving primary school are overweight or living with obesity with 1 in 5 living with obesity. Thus, increase in awareness about health & fitness, along with increased awareness about the health benefits of sports nutrition ingredients in the form of carbs, proteins, beverages and others to fulfill their demands which add to the growth of the market.

On the other hand, increasing use of artificial steroids by athletes is expected to have a hindering effect on the sports nutrition ingredients market over the forecast period

Market Segmentation: Sports and Energy Beverages for the highest share in global sports nutrition ingredients market

In 2021, the sports and energy beverages segment had the highest revenue share of more than YY percent. Sports and energy beverages are consumed to get instant energy. They provide mental and physical and have become popular among different population sections, over the years. These beverages, particularly, gained popularity among sports athletes, as it helps them maintain their energy levels as well as the ideal weight. These beverages have become a key part of social gatherings and celebratory events, worldwide which drives the market growth. Thus, manufacturers are introducing new products in the market to fulfill consumer demands. For instance, in 2020, according to the Coca Cola Company, POWERADE has expanded its product platforms for the first time in over a decade with two new zero-sugar innovations that offer functional hydration solutions plus a new packaging design all to meet the fast-changing needs of sport drink consumers.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of almost YY percent. The rising importance of sports scholarships at University levels in the U.S. is anticipated to drive sports nutrition ingredients market over the forecast period. In addition, growing awareness about the health benefits of sports nutrition ingredients and increasing fitness enthusiast are demanding more sports drinks in the region. Furthermore, the increasing cases of obesity in U.S. along with increased health consciousness are enabling consumers to use sports nutrition ingredients to maintain their health and weight. For instance, according to Patient Care, obesity rates in 16 US states reached 35% or above in 2020 with 3 states reaching nearly 40%. Looking at the country as a whole for 2020, more than half of adults in every US state had either overweight or obesity. The combined rate of adults having overweight and obesity ranges from a ""low"" of 57.3% in the District of Columbia to 72.8% in Mississippi. This indeed adds to the growth of the market.

Competitive Landscape

The global sports nutrition ingredients market industry is competitive and comprises players such as Arla Food Ingredients Group P/S, Glanbia Public Limited Company, Fonterra Co-operative Group Limited, Naturex SA, Roquette Freres S.A., Kemin Industries Inc, Lactalis Ingredients, Sabinsa Corporation, Milk Specialties Company and Kerry Group PLC among others. The sports nutrition ingredients market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities of product innovation for gym and sports people and consumers' preference for natural forms of products are also expected to propel market growth.

For instance,
• In July 2021, Kerry, the world’s leading taste and Nutrition Company, has announced its acquisition of Biosearch Life, a leading biotechnology company focused on providing innovative solutions for the pharmaceutical, nutraceutical and functional food sectors.

COVID-19 ImpactPositive impact on global sports nutrition ingredients market:

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and beverages, and agriculture are among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants. In addition, the increased health consciousness, awareness about fitness enables consumers to work on their body and maintain healthy weight & body which is done with the help of sports nutrition, as it provides energy, protein, carbohydrates and lowers the hunger, thus it is preferred by consumers which adds to the growth of the market.

Furthermore, the import-export restrictions imposed by governments in North America, Asia, and Europe are hindering geographical expansion, business collaboration and partnership opportunities. Thus, these factors slightly affected the growth of the sports nutrition ingredients market in the food and beverage industry.

The global sports nutrition ingredients market report would provide an access to approximately 77 market data tables, 75 figures and 175 pages