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Global Sports Supplements Market Size, Share, Forecast: By Nature: Organic, Conventional; By Type: Protein, Non- Protein; By Distribution Channel: Hypermarkets and Supermarkets, Pharmacy and Drug Stores, Specialty Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Sports Supplements Market Size
The global sports supplements market reached a value of about USD 22.28 billion in 2023. The industry is further expected to grow at a CAGR of about 8.6% in the forecast period of 2024-2032 to reach a value of around USD 46.82 billion by 2032.
| Global Sports Supplements Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 22.28 |
| Market Size 2032 | USD Billion | 46.82 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 10.1% |
| CAGR 2024-2032 - Market by Country | India | 11.6% |
| CAGR 2024-2032 - Market by Country | Brazil | 9.4% |
| CAGR 2024-2032 - Market by Type | Protein | 9.8% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 11.6% |
| Market Share by Country | China | 17.1% |
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Sports Supplements Market Regional Insights
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 increasing sports supplements demand.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 10.1% |
| Latin America | 8.2% |
| North America | XX% |
| Europe | XX% |
| Middle East and Africa | XX% |
Strategic Business Alliances in the Global Sports Supplements Market
- Product Diversification: Wide range of products including protein powders, amino acids, pre-workout supplements, and vitamins.
- Innovation and R&D: Continuous R&D investment leads to new formulations like plant-based proteins and ketogenic supplements.
- Marketing and Endorsements: Effective strategies with athlete and influencer endorsements build brand credibility, thus increasing the sports supplements industry revenue.
- Distribution Channels: Products distributed through retail stores, specialty stores, e-commerce, and fitness centers.
- Global Presence: Strong presence in key markets in North America, Europe, Asia-Pacific, and Latin America.
- Consumer Trends: Focus on health, fitness, wellness, clean labeling, natural ingredients, and sustainability.
- Competitive Pricing: Intense price competition with high-quality products at competitive prices.
- Mergers and Acquisitions: Strategic mergers, acquisitions, and partnerships to expand product portfolios and enter new markets.
Increasing Awareness and Strong Brand Presence Boosting the Global Sports Supplements Market Share
- Increasing awareness and adoption of fitness and healthy lifestyles.
- Strong presence of well-established brands with diverse product ranges.
- Continuous innovation and development of new, effective supplement formulations.
- High demand from professional athletes and fitness enthusiasts is increasing the sports supplements market revenue.
| Market Share by | Country |
| China | 17% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
Regulatory Scrutiny and High Competition Can Weaken the Global Market for Sports Supplements
- Regulatory scrutiny and varying international standards.
- High competition leading to price wars and reduced profit margins.
- Potential side effects and safety concerns impacting consumer trust.
- Dependence on marketing and endorsements to drive sales.
Growing E-Commerce Popularity and Emerging Markets Offer Opportunities in the Market
- Growing popularity of e-commerce and online sales channels will likely influence the sports supplements demand forecast.
- Expansion into emerging markets with rising disposable incomes.
- Increasing consumer preference for natural and plant-based supplements provide several sports supplements market opportunities.
- Opportunities for personalized nutrition and supplement plans.
Misinformation and Other Risks May Pose Challenges to the Global Sports Supplements Market
- Economic downturns affecting consumer spending on non-essential products.
- Negative media coverage and misinformation impacting market perception.
- Stringent regulations and compliance requirements in different regions.
- Threat of new entrants and counterfeit products.
Advancements in the Global Sports Supplements Market:
- Introduction of plant-based protein supplements and functional snacks.
- Strengthening market positions through acquisitions.
- Expanding product portfolios and entering new market segments.
- Leveraging technology for customized supplement plans is further supporting the sports supplements market value.
- Focus on individual health data and performance goals.
- Reducing plastic usage and improving supply chain environmental footprint.
- Introduction of eco-friendly packaging solutions.
- Expanding presence in emerging markets, especially Asia-Pacific and Latin America.
- Increased distribution channels and localized marketing strategies.
- Effective use of online platforms for broader audience reach.
- Offering subscription services and personalized recommendations.
- Development of high-protein snacks and meal replacements.
- Introduction of new flavors and formulations to meet diverse preferences.
Global Sports Supplements Industry Trends
- Increasing emphasis on overall health, fitness, and wellness.
- Demand for transparency in ingredients and clean labeling practices.
- Preference for supplements with natural and organic ingredients.
- Growing importance of environmentally sustainable products and packaging may impact the sports supplements market dynamics and trends.
- Rising popularity of plant-based and vegan supplements.
- Interest in personalized nutrition and tailored supplement solutions.
- Demand for supplements offering specific benefits like muscle recovery, energy boost, and weight management.
- Preference for convenient formats like ready-to-drink shakes, bars, and capsules.
- Increased consumer engagement through online platforms and e-commerce.
- Consumers making informed decisions based on scientific research and expert endorsements.
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Sports Supplements Industry 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
| CAGR 2024-2032 - Market by | Type |
| Protein | 9.8% |
| Non- Protein | XX% |
Based on distribution channels, the industry can be segmented as follows:
- Hypermarkets and Supermarkets
- Pharmacy and Drug Stores
- Specialty Stores
- Online
- Others
| CAGR 2024-2032 - Market by | Distribution Channel |
| Online | 11.6% |
| Hypermarkets and Supermarkets | 9.6% |
| Pharmacy and Drug Stores | XX% |
| Specialty Stores | XX% |
| Others | XX% |
The regional markets for sports supplements can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Country |
| India | 11.6% |
| China | 9.7% |
| Brazil | 9.4% |
| Mexico | 8.0% |
| Australia | 6.9% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
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Rising Demand for Fitness Bolstering the Sports Supplements Market Growth
The growth of the sports supplements 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 industry. Other factors include the rapidly changing lifestyles and the rising disposable incomes of the people. This is aiding the sports supplements demand growth.
Competitive Landscape
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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Sports Supplements Market Report Snapshots
Sports Supplements Market Size
Sports Supplements Market Growth
Sports Supplements Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Sports Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Sports Supplements Historical Market (2018-2023)
8.3 Global Sports Supplements Market Forecast (2024-2032)
8.4 Global Sports Supplements Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Sports Supplements Market by Type
8.5.1 Protein
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Market by Type
8.5.1.3.1 Powder
8.5.1.3.1.1 Historical Trend (2018-2023)
8.5.1.3.1.2 Forecast Trend (2024-2032)
8.5.1.3.2 Bar
8.5.1.3.2.1 Historical Trend (2018-2023)
8.5.1.3.2.2 Forecast Trend (2024-2032)
8.5.1.3.3 Ready to Drink
8.5.1.3.3.1 Historical Trend (2018-2023)
8.5.1.3.3.2 Forecast Trend (2024-2032)
8.5.1.3.4 Others
8.5.2 Non- Protein
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Market by Type
8.5.2.3.1 Amino Acids
8.5.2.3.1.1 Historical Trend (2018-2023)
8.5.2.3.1.2 Forecast Trend (2024-2032)
8.5.2.3.2 Creatine
8.5.2.3.2.1 Historical Trend (2018-2023)
8.5.2.3.2.2 Forecast Trend (2024-2032)
8.5.2.3.3 Beta Alanine and L- Carnitine
8.5.2.3.3.1 Historical Trend (2018-2023)
8.5.2.3.3.2 Forecast Trend (2024-2032)
8.5.2.3.4 Others
8.6 Global Sports Supplements Market by Distribution Channel
8.6.1 Hypermarkets and Supermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 9Forecast Trend (2024-2032)
8.6.2 Pharmacy and Drug Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Specialty Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Sports Supplements Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Sports Supplements Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Sports Supplements Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Sports Supplements Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Sports Supplements Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Sports Supplements Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hormel Foods, LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 General Nutrition Centers, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Post Holdings Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cardiff Sports Nutrition Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sports Supplements Market: Key Industry Highlights, 2018 and 2032
2. Global Sports Supplements Historical Market: Breakup by Nature (USD Billion), 2018-2023
3. Global Sports Supplements Market Forecast: Breakup by Nature (USD Billion), 2024-2032
4. Global Sports Supplements Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Sports Supplements Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Sports Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Sports Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Sports Supplements Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Sports Supplements Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Sports Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Sports Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Sports Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Sports Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Sports Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Sports Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Sports Supplements Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 22.28 billion.
The market is projected to grow at a CAGR of 8.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 46.82 billion by 2032.
The major market drivers include rising population, growing urbanisation, rising disposable incomes of the consumers, increasing availability of health clubs and gyms, and the changing lifestyles of the consumers.
The rising number of consumers choosing sports as a career and the increasing awareness of fitness along with the growing adoption of balanced diets are the important trends observed in the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature types in the market are organic and conventional.
The major types of sports supplements in the market are protein and non-protein.
The significant distribution channels in the market are hypermarkets and supermarkets, pharmacy and drug stores, specialty stores, and online, among others.
The key players in the global market for sports supplements are Hormel Foods, LLC, General Nutrition Centers, Inc., Post Holdings Inc., and Cardiff Sports Nutrition Limited, among others.
High competition leading to price wars, dependence on marketing and endorsements, and stringent regulations and compliance requirements in different regions will hamper the market growth.
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