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Global Sports Nutrition Market Growth Accelerated By Increasing Participation In Physical Activities And Sports

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Sneha
Global Sports Nutrition Market Growth Accelerated By Increasing Participation In Physical Activities And Sports

Sports nutrition products provide essential nutrients for fitness enthusiasts, bodybuilders, and athletes to enhance their physical performance during intense workouts and competitions. These products are available in the form of protein powders, energy bars, vitamins & minerals supplements, and other sports beverages. The demand for sports nutrition products is growing significantly owing to the rising health awareness and participation in physical activities and sports among people globally. The global Sports Nutrition Market is estimated to be valued at US$ 46.83 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:

Increasing participation in physical activities and sports is a major trend driving the growth of the global sports nutrition market. With growing health and fitness awareness, more people are engaging in daily exercise routines and participating in recreational sports activities. The usage of sports nutrition products helps to provide energy, build muscle, prevent injuries, shorten recovery time among active individuals. Expanding youth population, emergence of e-sports, and prevalence of lifestyle diseases are encouraging people towards athletic activities and sports, thereby propelling the demand for specialized sports nutrition products that aid performance enhancement. This key trend along with celebrity endorsements and aggressive promotional strategies by sports nutrition brands is expected to significantly fuel the market expansion over the forecast period.

Segment Analysis

The global sports nutrition market is dominated by the protein powder segment. Protein powders are a convenient way for athletes and sports enthusiasts to supplement their protein intake and help build muscle mass. Their easy mixability and portability make them the preferred product over whole food sources of protein like eggs and meat. Hydrolyzed protein powders are gaining popularity as they are more easily digestible than other whey or casein varieties.

Key Takeaways

The Global Sports Nutrition Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Growing health and fitness consciousness among people has propelled the demand for specialized nutrition for exercise and sporting activities.

Regional analysis

North America currently holds the largest share of the global sports nutrition market owing to rising participation in sports and fitness programs. Favorable government initiatives to promote sports and increasing consumer awareness regarding nutritional supplementation are contributing to the region's dominance. Asia Pacific is anticipated to be the fastest growing regional market with China and India becoming major production and consumption hubs for sports nutrition products. Rapid economic development and social acceptance of fitness as a lifestyle in Asia Pacific countries are fueling the demand for sports nutrition in the region.

Key players

Key players operating in the sports nutrition market are SES-Imagotag, Pricer AB, Displaydata, Opticon Sensors Europe B.V, Samsung Electro-Mechanics, NZ Electronic Shelf Labelling, M2Communication, Diebold Nixdorf, Altierre, Teraoka Seiko, Advantech US, E Ink, Toshiba Global Commerce Solutions, SESimagotag, E-Ink, Wuxi Wei Feng Technology. SES-Imagotag is a prominent digital shelf edge connectivity solution provider for smart stores and smart retail applications globally. Its VUSION Retail IoT platform is used by retailers worldwide to enhance operations and consumer engagement through digital innovations. Pricer is a leading digital shelf label solutions provider based out of Sweden, with deployments across Europe, North America and Asia.

Explore more information on this topic, Please visit - 

https://www.insightprobing.com/sports-nutrition-market-share-and-demand-analysis/ 

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