Global sports nutrition food and beverage market to reach $115.2 billion by 2026


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Editing: 21; Published: February 2022
Executive Pool: 14269
Companies: 341 – Players covered include Abbott Nutrition; Ajinomoto Company; Clif Bar & Company; Coca-Cola Co.; Monster Beverage Corporation; CytoSport, Inc.; Dr Pepper Snapple Group, Inc.; Glanbia Plc; Glanbia Nutritionals Limited; Optimum Nutrition Inc.; GlaxoSmithKline Plc; GNC Holdings, Inc.; Lucozade Ribena Suntory Ltd. ; Meiji Co.,Ltd. ; MusclePharm; Nature’s Bounty, Inc.; Nestlé SA; Otsuka Pharmaceutical Co., Ltd. ; PepsiCo Inc.; The Quaker Oats Company, Inc.; Post Holdings, Inc.; Red Bull GmbH; Rockstar Inc.; The Balance Bar Company; Twinlab Consolidated Holdings, Inc.; Vitaco Health Ltd. ; Weider Global Nutrition, LLC; Yakult Honsha Co., Ltd. and others.
Blanket: All major geographies and key segments
segments: Product Segment (Sports Nutrition, Sports/Energy Foods, Sports/Energy Drinks); Distribution channel (offline, online); End use (athletes, bodybuilders, lifestyle users, recreational users)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.

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ABSTRACT-

Global sports nutrition food and drink market to reach $115.2 billion by 2026
The concept of sports nutrition revolves around the consumption of specific nutrients including minerals, vitamins, supplements and certain organic compounds including proteins, fats and carbohydrates. Market growth will be driven by growing demand for nutrition bars, ready-to-drink products and energy bars; and the growing importance of protein as the most ubiquitous and important ingredient. Protein is expected to gain popularity as an effective source of a balanced and nutritional diet due to its functional benefits such as superior nutritional value, immune system support and weight management. Additional growth drivers include the exponential growth of health clubs, fitness centers and leisure wear; huge potential for non-protein products; the increasing use of sports drinks as soft drinks; the emergence of the Internet, particularly social media, as a new marketing platform; regular launch of products made with natural ingredients that provide lasting and long-lasting energy benefits; and ever-changing flavor trends. The COVID-19 pandemic initially led to a dramatic increase in sales of sports nutrition products as strict measures to curb the spread of the virus prompted consumers to stockpile products. The spike in use of protein bars and related products during the pandemic has prompted various vendors to launch plant-based sports snacks. The market is expected to benefit from the reopening of gyms and fitness centers following the easing of rules and guidelines related to COVID-19.

Amid COVID-19 crisis, Global Sports Nutrition Foods and Beverages Market Estimated at 90 billion US dollars in 2022, is expected to reach a revised size of US$115.2 billion by 2026, growing at a CAGR of 6.2% over the analysis period. Sports Nutrition, one of the segments analyzed in the report, is expected to register a CAGR of 5.1% and reach US$25.6 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Sports/Energy Foods segment is readjusted to a revised CAGR of 7.1% for the next 7-year period. Sports nutrition products have traditionally been developed and consumed by bodybuilders and athletes to enhance performance and stimulate muscle growth. In recent years, sports nutrition products have begun to see massive adoption by recreational and lifestyle users. The trend reflects a noticeable expansion of consumer demographics in the market.

The US market is estimated at $41.4 billion in 2022, when China is expected to reach $14.4 billion by 2026
The sports nutrition food and beverage market in the United States is estimated at US$41.4 billion in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$14.4 billion by 2026 with a CAGR of 8.2% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 4.9% and 5.5% respectively over the analysis period. In Europe, Germany is expected to grow at around 5.8% CAGR. High levels of health awareness, widespread and easy access to products, aging baby boomers and the desire to lead physically active lives, and the need to combat the growing prevalence of obesity are the main drivers. growth in the US market. Developing countries through Asia Pacific and Latin America offer tremendous opportunities for growth. This notable expansion is attributed to the ongoing transformation of the economy, lifestyle and spending habits in Asian countries due to high growth rates, rising disposable incomes and improving of life. Moreover, increasing health awareness and indulgence of people in fitness and outdoor sports activities is likely to drive the demand for sports nutrition products in the region.

Sports/Energy Drinks segment to reach $85.9 billion by 2026
Today, sports drinks are slowly making their way into the broader beverage market and have become part of the mainstream market. A fitness crazed generation and the healthy image of sports drinks are driving the growth of the sports/energy drink segments. Moreover, sports drinks are increasingly being used as soft drinks, which further fuels the demand for these products in the market. In the global sports/energy drinks segment, United States, Canada, Japan, China and Europe will drive the CAGR of 6.2% estimated for this segment. These regional markets representing a combined market size of US$48.5 billion will reach a projected size of US$74.1 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach 8 billion US dollars by 2026, while Latin America will grow at a CAGR of 7.9% over the analysis period.
Continued

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