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Global Sports Supplement Market to Grow at a CAGR of 8.6% in the Forecast Period of 2021-2026, Aided by the Growing Fitness Trend

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Global Sports Supplements Market: By Nature: Organic, Conventional; By Type: Protein, Non- Protein, Others; By Distribution Channel: Hypermarkets and Supermarkets, Pharmacy and Drug Stores, Specialty Stores, Online; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Sports Supplements Market Outlook 

The global sports supplements market reached a value of about USD 17.4 billion in 2020. The industry is further expected to grow at a CAGR of about 8.6% in the forecast period of 2021-2026 to reach a value of around USD 28.54 billion by 2026.

 

North America to be Among the Leading Markets for the Sports Supplements Industry

North America is among the leading regions in the global market for sports supplements, due to the growing number of consumers and massive market space. North America is also likely to offer greater opportunities for sports supplements to market players owing to factors like growing disposable incomes and the changing lifestyles of the consumers. In comparison, non-protein sports supplements have higher costs than protein supplements, and North America is seeing increased demand for non-protein products. Other than North America, Europe is also responsible for the rising growth of the global industry.

 

Sports Supplements: Industry Definition and Segmentation

Sport supplements are dietary items intended to meet the nutritional requirements of a sports individual. Nutritional ingredients used in these sports supplements include proteins, vitamins, amino acids, minerals, and others. These sports supplements offer a nutritious diet to improve the body's overall performance. The main purpose of this product is to provide physical strength in sports.

Based on nature, the market is divided into the following:

  • Organic
  • Conventional

On the basis of type, the market can be categorised as follows:

  • Protein
    • Powder
    • Bar
    • Ready to Drink
    • Others
  • Non- Protein
    • Amino Acids
    • Creatine
    • Beta Alanine and L- Carnitine
    • Others

Based on distribution channels, the industry can be segmented as follows:

  • Hypermarkets and Supermarkets
  • Pharmacy and Drug Stores
  • Specialty Stores
  • Online
  • Others

The regional markets for sports supplements can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Fitness Bolstering the Market Growth

The growth of the market is being driven by the rising awareness of the importance of fitness in the hectic lifestyles of the consumers, growing availability of health clubs, and the rising adoption of balanced diets among the consumers. Consumers are gradually switching to healthier lifestyles that require both the maintenance of physical exercise and nutritional diets. Over the years, athletes and bodybuilders have been the major end-users of sports supplement. In addition, a growing number of people choosing careers in sports are also boosting the market for sports nutrition items. Since the last decade, there has been a massive upsurge in national and international sporting activities, which is expected to remain a key driver of business expansion. Lifestyle and leisure consumers have recently emerged as a lucrative consumer community for the sports supplement industry. Other factors include the rapidly changing lifestyles and the rising disposable incomes of the people.

 

Key Industry Players in the Global Sports Supplements Market

The report gives a detailed analysis of the following key players in the global sports supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Hormel Foods, LLC
  • General Nutrition Centers, Inc.
  • Post Holdings Inc.
  • Cardiff Sports Nutrition Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Sports Supplements Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Sports Supplements Historical Market (2016-2020) 
    8.3    Global Sports Supplements Market Forecast (2021-2026)
    8.4    Global Sports Supplements Market by Nature
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Sports Supplements Market by Type
        8.5.1    Protein
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
            8.5.1.4    Market by Type
                8.5.1.4.1    Powder
                    8.5.1.4.1.1    Market Share
                    8.5.1.4.1.2    Historical Trend (2016-2020)
                    8.5.1.4.1.3    Forecast Trend (2021-2026)
                8.5.1.4.2    Bar
                    8.5.1.4.2.1    Market Share
                    8.5.1.4.2.2    Historical Trend (2016-2020)
                    8.5.1.4.2.3    Forecast Trend (2021-2026)
                8.5.1.4.3    Ready to Drink
                    8.5.1.4.3.1    Market Share
                    8.5.1.4.3.2    Historical Trend (2016-2020)
                    8.5.1.4.3.3    Forecast Trend (2021-2026)
                    8.5.1.4.4    Others
        8.5.2    Non- Protein
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
            8.5.2.4    Market by Type
                8.5.2.4.1    Amino Acids
                    8.5.2.4.1.1    Market Share
                    8.5.2.4.1.2    Historical Trend (2016-2020)
                    8.5.2.4.1.3    Forecast Trend (2021-2026)
                8.5.2.4.2    Creatine
                    8.5.2.4.2.1    Market Share
                    8.5.2.4.2.2    Historical Trend (2016-2020)
                    8.5.2.4.2.3    Forecast Trend (2021-2026)
                8.5.2.4.3    Beta Alanine and L- Carnitine
                    8.5.2.4.3.1    Market Share
                    8.5.2.4.3.2    Historical Trend (2016-2020)
                    8.5.2.4.3.3    Forecast Trend (2021-2026)
                8.5.2.4.4    Others
    8.6    Global Sports Supplements Market by Distribution Channel
        8.6.1    Hypermarkets and Supermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    9Forecast Trend (2021-2026)
        8.6.2    Pharmacy and Drug Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Specialty Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Online
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Sports Supplements Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Hormel Foods, LLC
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    General Nutrition Centers, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Post Holdings Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Cardiff Sports Nutrition Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Sports Supplements Market: Key Industry Highlights, 2016 and 2026
2.    Global Sports Supplements Historical Market: Breakup by Nature (USD Billion), 2016-2020
3.    Global Sports Supplements Market Forecast: Breakup by Nature (USD Billion), 2021-2026
4.    Global Sports Supplements Historical Market: Breakup by Type (USD Billion), 2016-2020
5.    Global Sports Supplements Market Forecast: Breakup by Type (USD Billion), 2021-2026
6.    Global Sports Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7.    Global Sports Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8.    Global Sports Supplements Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Sports Supplements Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Sports Supplements Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Sports Supplements Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Sports Supplements Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Sports Supplements Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Sports Supplements Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Sports Supplements Market Structure

Key Questions Answered in the Report

What was the global sports supplements market size in 2020?

In 2020, the global sports supplements market attained a value of nearly USD 17.4 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 8.6% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 28.54 billion by 2025.

What are the major market drivers?

The growth of the market is supported by drivers like rising population, growing urbanisation, rising disposable incomes of the consumers, rising availability of health clubs and gyms, changing lifestyles of the consumers, and the increasing trend and awareness of fitness along with the rising adoption of balanced diets.

What are the key industry trends of the global sports supplement market?

The rising number of consumers choosing sports career is an important trend driving the market growth.

What are the major regional markets of sports supplements, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading nature segments in the market?

The leading nature segments in the market are organic and conventional.

What are the major types of sports supplements in the market?

The major types of sports supplements in the market are protein and non-protein.

What are the significant distribution channels in the industry?

The significant distribution channels in the industry are hypermarkets and supermarkets, pharmacy and drug stores, specialty stores, and online, among others.

Who are the key industry players, according to the report?

The major players in the industry are Hormel Foods, LLC, General Nutrition Centers, Inc., Post Holdings Inc., and Cardiff Sports Nutrition Limited, among others.

Analyst Review

The global sports supplements market attained a value of USD 17.4 billion in 2020, driven by the growing adoption of balanced diets. Aided by the rising number of sporting events, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 8.6%. The market is projected to reach USD 28.54 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the industry is bifurcated into organic and conventional. Based on type, the market is divided into protein and non-protein. On the basis of distribution channels, the industry is categorised into hypermarkets and supermarkets, pharmacy and drug stores, specialty stores, and online, among others. The major regional markets for sports supplements are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hormel Foods, LLC, General Nutrition Centers, Inc., Post Holdings Inc., and Cardiff Sports Nutrition Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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