Sports Nutrition Ingredients Market size is anticipated to surpass USD 6 billion by 2030, as per a new research report published by Global Market Insights Inc.
The report identifies the growing health consciousness, especially among the young generation, to be a key factor driving the industry growth. The inclusion of healthy food and drinks, especially after Covid-19 is fueling the growth of the sports nutrition ingredients market. The expansion of the nutraceutical sector and the supportive initiatives by regional governments to address the rising health concerns such as obesity will also have a profound impact on the business trends.
Increasing consumption of protein-based products will drive the sports nutrition ingredients industry outlook
Protein-based foods, in particular, have gained traction given that they help lower blood pressure, reduce appetite & hunger levels, boost metabolism, increase muscle mass & strength, facilitate fat burning, improve bone health, maintain weight, and help the body repair itself after an injury. The rising awareness pertaining to the importance of protein-based diets will drive the industry outlook in the years ahead. Protein-fortified foods and drinks as well as protein shakes are very popular among European customers. Greece is known to have the largest annual per-capita spending on protein shakes and high-protein foods and snacks in all of Europe.
Huge demand for vitamins to augment the industry landscape
Growing consumption of vitamins by the elderly population combined with an increase in the regular usage of vitamin supplements to maintain health & fitness is projected to drive the industry growth. Many people now include vitamins in their diet to prevent health problems. Driven by soaring public interest in vitamin consumption on account of its numerous health benefits, sports nutrition ingredient market share from vitamins segment is projected to grow at a CAGR of 5% through the forecast period. As per the report, the segment is set to cross 110 kilo tons in terms of volume by 2030.
High preference for liquid based nutritional products to boost segment demand
Based on form, the sports nutrition ingredients market is segmented into dry and liquid form. Sports nutrition ingredients in liquid form are used in the making of drinks and personal care products. There is a rising trend for nutrition ingredients in liquid form since they blend well with other products and create a more consistent texture. Furthermore, the growing demand for sports drinks and beverages has accelerated the market for liquid based nutritional ingredients. The report cites that the liquid form segment may register over 5.5% through 2030 in terms of volume.
Browse key industry insights spread across 1100 pages with 1406 market data tables & 20 figures & charts from the report, “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), Age Group (Gen Z, Millennial (1985-2000), Gen X, Baby Boomers (1946- 1964)), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
Rising demand for healthy meals among millennials to proliferate business expansion
Increasing health awareness has propagated the consumption of nutritious foods and beverages among the millennials, which will have a positive effect on the segmental expansion. Proliferating trends pertaining to health and fitness and rising interest in maintaining a well-balanced diet to keep diseases at bay will also influence the industry trends from the millennial segment. As per the report, sports nutrition ingredients market size from millennials is expected to cross USD 1.8 billion by 2030.
Increasing consumption of sports drinks to amplify the industry share
Sports drinks are becoming increasingly popular among athletes and bodybuilders worldwide, driven by several benefits such as high energy levels, low sugar content, and electrolytes for quick hydration. Sports drinks can be either sugar-sweetened (with sucrose, glucose, or high-fructose corn syrup) or sugar-free (with low-calorie sweeteners). Sports nutrition ingredient market size from sports drinks segment was over 70 kilo tons in 2021 and is projected to increase at a CAGR of over 4.5% CAGR to cross 100 kilo tons by 2030.
Convenient access to essential nutrients will drive athletes segment
Sports nutrition products are widely used to enhance athletic performance. The growing consumption of healthy meals and nutritional supplements to fortify the body with key nutrients is expected to increase the demand for sports nutritional products from athletes during the forecast period. Consistently increasing interest in sports activities and private funding for massive sporting events have led to a rise in the number of athletes worldwide. As per the report, the sports nutrition ingredients market size from the athletes segment may record a CAGR over 7% through 2030.
APAC to emerge as a lucrative pocket for sports nutrition ingredients
The market for sports nutrition additives is expanding across the Asia Pacific on account of improvements in economic growth in nations like China and India. In terms of volume, the region is predicted to record a CAGR of more than 5.5% through 2030. The regional growth can be credited to the low cost of labor and the availability of raw materials that is making APAC a major hub for product manufacturing. In addition, an increasing number of people in the APAC region are adopting active lifestyles as a result of growing health awareness, which is propelling the demand for sports nutrition supplements.
Expansion strategies to outline the competitive overview
Aurobindo Pharma, Innophos, Dupont Nutrition & Biosciences, Prinova Group, LLC, Tate & Lyle, ADM, Ingredion, Cargill, Tate & Lyle, BI Nutraceuticals (Martin Bauer), and others are among the top manufacturers of ingredients for sports nutrition. These firms concentrate primarily on advancing the development of innovative production techniques and adopting expansion tactics in order to maintain their market position. For instance, IFF and DuPont Nutrition & Biosciences inked a merger agreement in February 2021. The firms continue to operate under the name IFF, and the companies’ shares are traded under IFF on the NYSE.