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Classified in: Covid-19 virus
Subject: MRR

Sports Supplement Market to observe USD 1.91 Bn incremental growth -- Driven by increased participation in sports and fitness activities


NEW YORK, Sept. 27, 2022 /PRNewswire/ -- The global sports supplement market size is expected to grow by USD 1.91 billion between 2021 and 2026, accelerating at a CAGR of 8.3% during the forecast period. The report provides a comprehensive analysis of the market size, YOY growth rates, and regional growth opportunities among others. Download PDF Report Sample

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Amway Corp., Ascendis Health Ltd, Associated British Foods Plc, BPI Sports, Clif Bar and Co., Glanbia Plc, GSK Plc, Harbin Pharmaceutical Group Co. Ltd., Herbalife International of America Inc, Klean Athlete, Meiji Holdings Co. Ltd., MusclePharm Corp., Nestle SA, NOW Health Group Inc., PacificHealth Laboratories Inc., PepsiCo Inc., Pro Action srl, Universal Nutrition, and Weider Global Nutrition LLC are some of the major market participants.

Although the increased participation in sports and fitness activities. People who are physically active have a better chance of being healthy in adulthood. Indulging in physical activities such as sports reduces the risk of developing chronic diseases such as heart disease, hypertension, type 2 diabetes, and osteoporosis later in life. Besides, the increasing interest in maintaining a good physical appearance among young consumers is leading to an increase in the number of people involved in activities such as bodybuilding. Many such factors are increasing the demand for sports supplements, protein powders, and energy bars, thereby driving the growth of the market in focus.

In addition, the increasing demand for natural products and the increased consumption among millennials will offer immense growth opportunities. However, the presence of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

Sports Supplement Market 2022-2026: Segmentation

The global sports supplement market is segmented as below:

The market growth in the offline distribution channel will be significant over the forecast period. The segment is driven by the increasing availability of sports supplements in retail stores. In addition, the collaboration between vendors and retail chains is expected to contribute to the growth of the segment.

47% of the market growth will originate from North America during the forecast period. The increased awareness about the health benefits of proteins and the importance of an active lifestyle among consumers is driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our sports supplement market report covers the following areas:

Sports Supplement Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the sports supplement market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the sports supplement market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Sports Supplement Market 2022-2026: Key Highlights

Related Reports:

Sports Supplement Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.3%

Market growth 2022-2026

USD 1.91 billion

Market structure

Fragmented

YoY growth (%)

7.7

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 47%

Key consumer countries

US, Canada, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, Amway Corp., Ascendis Health Ltd, Associated British Foods Plc, BPI Sports, Clif Bar and Co., Glanbia Plc, GSK Plc, Harbin Pharmaceutical Group Co. Ltd., Herbalife International of America Inc, Klean Athlete, Meiji Holdings Co. Ltd., MusclePharm Corp., Nestle SA, NOW Health Group Inc., PacificHealth Laboratories Inc., PepsiCo Inc., Pro Action srl, Universal Nutrition, and Weider Global Nutrition LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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 across 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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