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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 Outlook
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.
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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: Market 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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| 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- Nature, Type, Distribution Channel, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Type | Protein, Non- Protein |
| Breakup by Distribution Channel | Hypermarkets and Supermarkets, Pharmacy and Drug Stores, Specialty Stores, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Hormel Foods, LLC, General Nutrition Centers, Inc., Post Holdings Inc., Cardiff Sports Nutrition Limited, Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 sports supplements market 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 22.28 billion in 2023, 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 2024-2032, growing at a CAGR of 8.6%. The market is projected to reach USD 46.82 billion by 2032.
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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