FACTS AT A GLANCE
Edition: 20; Released: January 2021
Executive Engagements: 14269
Companies: 341– Players coated embody 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.; Nestle 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.
Coverage: All main 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; USA; 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; UAE; Rest of Middle East; Africa.
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ABSTRACT-
Global Sports Nutrition Foods and Drinks Market to Reach $115.2 Billion by 2026
The idea of sports activities vitamin revolves across the consumption of particular vitamins together with minerals, nutritional vitamins, dietary supplements and sure natural compounds comprising proteins, fat and carbohydrates. Growth available in the market might be pushed by growing demand for vitamin bars, ready-to-drink merchandise and vitality bars; and rising prominence of protein as probably the most ubiquitous and necessary ingredient. Proteins are anticipated to realize recognition as an efficient supply of a balanced and dietary food regimen as a consequence of their useful advantages corresponding to superior dietary worth, help to the immune system and weight administration. Additional progress drivers embody exponential progress of well being golf equipment, health facilities, and leisure outfits; immense potential of non-protein merchandise; growing use of sports activities drinks as refreshment drinks; emergence of Internet, notably social media, as the brand new advertising and marketing platform; regular launch of merchandise with pure elements that provide lengthy lasting and sustainable vitality advantages; and ever altering taste traits. The COVID-19 pandemic resulted in a dramatic surge in sport vitamin product gross sales initially, as stringent measures to curb unfold of the virus prompted shoppers to stockpile merchandise. The spike in uptake of protein bars and related merchandise in the course of the pandemic has prompted numerous suppliers to launch plant-based sports activities snacks. The market is slated to realize from reopening of gyms and health facilities following easing of COVID-19-related guidelines and pointers.
Amid the COVID-19 disaster, the worldwide marketplace for Sports Nutrition Foods and Drinks estimated at US$79.8 Billion within the 12 months 2020, is projected to achieve a revised measurement of US$115.2 Billion by 2026, rising at a CAGR of 6.2% over the evaluation interval. Sports Nutrition, one of many segments analyzed within the report, is projected to file a 5.1% CAGR and attain US$25.6 Billion by the top of the evaluation interval. After a radical evaluation of the enterprise implications of the pandemic and its induced financial disaster, progress within the Sports/Energy Foods section is readjusted to a revised 7.1% CAGR for the subsequent 7-year interval. Sports vitamin merchandise have been historically developed and consumed by bodybuilders and athletes to boost their efficiency and stimulate muscle progress. In current years, sports activities vitamin merchandise have began discovering mass adoption amongst leisure and way of life customers. The development displays a notable enlargement of client demographic available in the market.
The U.S. Market is Estimated at $38.9 Billion in 2021, While China is Forecast to Reach $14.4 Billion by 2026
The Sports Nutrition Foods and Drinks market within the U.S. is estimated at US$38.9 Billion within the 12 months 2021. China, the world`s second largest financial system, is forecast to achieve a projected market measurement of US$14.4 Billion by the 12 months 2026 trailing a CAGR of 8.2% over the evaluation interval. Among the opposite noteworthy geographic markets are Japan and Canada, every forecast to develop at 4.9% and 5.5% respectively over the evaluation interval. Within Europe, Germany is forecast to develop at roughly 5.8% CAGR. High ranges of well being consciousness, widespread and quick access to merchandise, getting old child boomers and want to guide bodily lively life, and have to fight rising prevalence of weight problems characterize key progress drivers within the US market. Developing nations throughout Asia-Pacific and Latin America present great progress alternatives. The notable enlargement is attributed to ongoing transformation in financial system, way of life and spending patterns throughout Asian nations as a consequence of sturdy progress charges, rising disposable incomes, and enhancing residing requirements. Moreover, growing well being consciousness and indulgence of individuals in health and outside sports activities actions is prone to increase demand for sports activities vitamin merchandise throughout the area.
Sports/Energy Drinks Segment to Reach $85.9 Billion by 2026
Sports drinks at this time are slowly foraying into the bigger beverage market and are actually changing into part of the mainstream market. A fitness-crazy era and the good-health picture of sports activities drinks are driving progress in sports activities/vitality drinks segments. Additionally, sports activities drinks are more and more getting used as refreshment drinks, that are additional fueling demand for these merchandise within the market. In the worldwide Sports/Energy Drinks section, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this section. These regional markets accounting for a mixed market measurement of US$48.5 Billion within the 12 months 2020 will attain a projected measurement of US$74.1 Billion by the shut of the evaluation interval. China will stay among the many quickest rising on this cluster of regional markets. Led by nations corresponding to Australia, India, and South Korea, the market in Asia-Pacific is forecast to achieve US$8 Billion by the 12 months 2026, whereas Latin America will broaden at a 7.9% CAGR by way of the evaluation interval. More
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