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Sports Nutrition Ingredients Market Size By Product (Probiotics, Prebiotics, Vitamins, Amino Acids, Carotenoids, Phytochemicals & Plant Extracts, Protein, EPA/DHA, Minerals, Fiber & Carbohydrates, And Others), By Application (Dietary Supplements, Energy & Nutrition Bars, Protein-Based Drinks, And Sports Drinks), By Form (Dry Form And Liquid Form), By End-Use (Athletes And Body Builders), By Age Group (Gen Z, Millennial (1985-2000), Gen X, Baby Boomers (1946- 1964)), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI5328
- Published Date: Feb 2023
- Report Format: PDF
Industry Drivers
Sports Nutrition Ingredients Market size crossed USD 3.5 billion in 2022 and is anticipated to exhibit a 7.5% CAGR from 2023 to 2032. Driven by the increasing demand for dietary supplements due to changing lifestyles and product innovations.
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Growing prevalence of obesity across the globe is elevating consumer awareness about healthy eating and the benefits of dietary supplements. The dietary changes resulting from these factors are creating a strong demand for nutritional food and food ingredients. and presenting a strong impetus for the industry growth. In countries such as China, where obesity is becoming a major public health issue, the need for effective nutrition has never been higher. As per the World Food Programme, over 150 million people in China are malnourished, with more than 25% being overweight, which presents a major growth opportunity for the market.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 3.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.8% |
| 2032 Value Projection: | USD 7.3 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 1,100 |
| Tables, Charts & Figures: | 1,426 |
| Segments covered: | Product, Application, Form, End-use, and Age Group |
| Growth Drivers: | |
| Pitfalls & Challenges: |
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Strict regulations pertaining to nutritional claims of omega-3 in food may impede the sports nutrition ingredients market outlook
Product labels and claims are indispensable when it comes to educating customers about a product. However, in certain cases these labels and claims cannot serve their purpose due to strict regulations on nutritional claims of dietary supplements, which poses a major challenge for the industry.
While many omega-3 supplements claim to be rich in fatty acid content (EPA, DHA, and ALA) which are beneficial for managing heart health, cognitive functions, vision health, brain development, and overall well-being. Regulators such as the U.S. FDA, under the Food Labelling Content Claims, forbid the mention of certain nutritional claims for dietary supplements and conventional foods with omega-3. According to the watchdog, the claims do not fulfil the requirements of the Federal Food, Drug, and Cosmetic Act (FDA&C Act).
Digestive health benefits of probiotics to impel the market size
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Based on product, the sports nutrition ingredients market share from probiotics segment is slated to grow at 8.5% CAGR through 2032, led by their growing consumption on account of their digestive health benefits. Probiotics help enhance the immune system and improve intestinal health, and since more consumers are growing inclined to functional foods and beverages for their digestive health benefits, manufacturers are witnessing a sizable revenue stream in coming years.
Companies are also taking the time to bring more unique products with improved nutritional content and launch probiotic-fortified foods that can be used beyond their traditional applications such as yogurt and other supplements. Back in August 2022, Tate & Lyle, a British food and beverage ingredient supplier, and APC Microbiome Ireland, a Science Foundation Ireland (SFI) Research Centre, announced the publication of their joint intellectual property on a novel synbiotic fibre product which is developed using a combination of probiotic and dietary fibres.
Gen Z to emerge as the leading consumer age group due to its increasing spending power
| Gen Z | 43.3% |
|---|---|
| Millennial (1985-2000) | 29.6% |
| Gen X | 18.2% |
| Baby Boomers (1946- 1964) | 8.9% |
| Total | 100% |
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In terms of age group, the sports nutrition ingredients market share from generation Z segment is predicted to expand at 7.5% CAGR during the forecast timeline, credited to the surging inclination of this generation toward fitness and healthy living. The spending power of gen Z has also increased, which when combined with their growing awareness about healthy eating makes them the leading market growth facilitators. With more of the gen Z entering the employment market, the spending power of the demographic is further slated to go up and create new revenue prospects for the industry.
Poor diets and growing obesity to foster the North America market share
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The North America sports nutrition ingredients market share will surpass USD 2.5 billion by 2032, on account of increasing incidence of micronutrient deficiency owing to poor eating habits. Regional growth can also be ascribed to increasing consumption of dietary supplements as a way to fight the obesity epidemic in the region. As per the National Institute of Health Office of Dietary Supplements, Americans spend nearly USD 2.1 billion on weight-loss dietary supplement pills every year.
Meanwhile, the region’s entrenched nutraceutical infrastructure and new product developments are further creating a strong impetus for growth. For example, in December 2020, Ingredion, an American multinational ingredient provider, launched VITESSENCE® Pulse 1803, a pea protein isolate to expand its portfolio of plant-based ingredient solutions to cater to the growing demographic of plant-based protein consumers in the region.
Mergers and acquisitions to outline competitive landscape for the market
Prominent participants operating across the sports nutrition ingredients market include BASF SE, Dupont Nutrition & Biosciences, AVT Natural Products Ltd, Prinova Group, LLC, and Innophos. Many of these companies are focusing on mergers and acquisition strategies to reinforce their industry position. For instance, in September 2021, Prinova Group, LLC, a NAGASE group food product company, acquired The Ingredient House, LLC, a US-based ingredient supplier to the global food & beverage market.
This acquisition helped the company enhance its presence in the distribution space as The Ingredient House, LLC, has a strong presence in the sweetener and specialty ingredient sectors in the U.S. and the world.
Impact of COVID-19 on the sports nutrition ingredients market
The COVID-19 pandemic made sports nutrition products mainstream as people started taking a proactive approach to healthy eating. Additionally, it changed the ingredients used in functional foods, especially vitamins and minerals. The pandemic led to the popularity of different ingredients among customers i.e. immunity-boosting ingredients and those which improved psychological functions, among others. In the U.S. alone, the demand and sales of multivitamins increased by 51.2% with total sales of vitamins and supplements reaching 120 million units.
In the post-pandemic era as well, the demand for such products is likely to increase due to an inclination towards a healthy lifestyle.
This sports nutrition ingredients market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments:
Market Size, By Product
- Probiotics
- Prebiotics
- Vitamins
- Amino acids
- Carotenoids
- Phytochemicals & plant extracts
- Protein
- EPA/DHA
- Minerals
- Fiber & carbohydrates
- Others
Market Size, By Application
- Dietary Supplements
- Energy & Nutrition Bars
- Protein-based drinks
- Sports drinks
Market Size, By Form
- Dry form
- Liquid form
Market Size, By End-Use
- Athletes
- Body Builders
Market Size, By Age Group
- Gen Z
- Millennial (1985-2000)
- Gen X
- baby Boomers (1946- 1964)
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Netherland
- Belgium
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Australia
- Malaysia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa