Germany Sports Nutrition Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Germany Sports Nutrition Market is witnessing a CAGR of 8.3% during the forecast period.
Key HighlightsWith the rise in health concern in the country, there is a growing demand for sports nutrition products in the country. The German sports nutrition market is driven by widespread penetration of sports nutrition products in the past few years. With the increase in shelf space of health-promoting products, the demand for sports and dietary supplements has gained retail space in the market. Nutraceutical products are gaining prominence among millennials with rising in demand for more targeted health solutions.
Sports drink dominating the marketSports drink are gaining popularity in Western Europe (which includes Germany), mainly amongst the young athletes and individuals who are involved in various physical activities. The Sports drink market is getting an exponential benefit from the millennial generation, owing to these consumers inclination toward fitness, sports more buying capacity and willingness to pay for health products. Sugar-free or light drinks are the experimental market products that are to attract female consumers.
Competitive LandscapeGermany Sports Nutrition market is fragmented with the presence of several players. The prominent players in Germany Sports Nutrition Market include Glanbia plc, Pepsico Inc, Clif Bar Company, PowerBar, German Sport Nutrition, SQUEEZY SPORTS NUTRITION GmbH, MusclePharm Corp. and Body Attack company. The companies are implementing numerous strategies such as partnerships, mergers, and acquisitions to meet the growing demand. In Mar 2018, Fonterra has teamed up with German nutrition startup Goodminton AG, to tap into the rapidly growing active nutrition segment.
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