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Sports Nutrition Ingredients Market size to hit $7.3 Bn by 2032

  • Published Date: February 17, 2023

Sports Nutrition Ingredients Market size is projected to reach USD 7.3 billion by 2032, according to a new research report by Global Market Insights Inc.

As per the report, surging consumption of protein-rich food in fast-paced lifestyles is a key driver behind the market growth. The trend is specifically more prominent among European consumers, who are making a notable shift towards healthy eating by incorporating more protein-based supplements such as shakes, foods, and drinks into their diets.

Meanwhile, strong presence of companies such as Solvay, and DSM NV, among others is also offering higher revenue prospects for the market in the region. In fact, in January 2022, the Netherlands-based DSM NV, unveiled its new integrated food & beverage operating structure, which combines all three of the company’s nutrition business.

Longer shelf lives to augment dry form segment growth

Based on form, the sports nutrition ingredients market from dry form segment is poised to exceed USD 5 billion by 2032, driven by the longer shelf lives of dry sports nutrition ingredients. Dry supplements, which typically come in powdered form, ensure ease of transport and effectively allow the products to have a wider reach, making them more accessible to more consumers. Being concentrated sources of protein, powdered protein supplements also have the convenience factor. In addition, dry form of protein supplements are also manufactured using the spray drying technique, which is a low-cost, easy-to-scale, continuous, and high-throughput process.

Hectic modern lifestyles to drive dietary supplements application segment demand

Sports Nutrition Ingredients Market By Application

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In terms of application, the dietary supplements segment is predicted to witness over 7.5% CAGR between 2023 and 2032, due to growing consumption of dietary supplements in APAC as a way to keep healthy while leading increasingly hectic and stressful lifestyles. The growing demand for sports supplements among athletes and users who consume them for recreational purposes is also likely to outline the market scenario.

Moreover, dietary supplements have also gained traction to combat micronutrient deficiencies as a result of unhealthy eating. Specifically in Southeast Asia, there is a high prevalence of micronutrient deficiency which has proliferated the demand for dietary supplements.

Browse key industry insights spread across 1100 pages with 1406 market data tables and 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), 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” in detail along with the table of contents:

Increasing number of athletes to foster end-use segment outlook

The athletes end-use segment will exhibit a CAGR of 7% from 2023 to 2032, owing to growing importance of fitness amongst youngsters. The segment growth can also be ascribed to the increasing number of athletes across the world. As per the U.S. Bureau of Labor Statistics, the population of athletes and people in sports is estimated to grow 36% till 2032, which is faster as compared to the average for all occupations. Many athletes use supplements as part of their regular exercise and competition routine, including nearly 85% of elite track and field athletes.

Growing literate and well-off population to strengthen the Europe industry

Europe sports nutrition ingredients market is slated to cross USD 2 billion by 2032, impelled by the growing influence of sports among people in Europe. Regional growth can also be ascribed to increasing wealthy and literate population, which has proliferated the demand for healthy food. In 2021, 81.7% of the European population in the 25 to 54-year age group had at least an upper-secondary education level. Meanwhile, increasing demand for plant-based protein due to an uptake in vegan products is also expected to shape regional expansion.

Product innovations to outline the competitive landscape for sports nutrition ingredients industry

Major players involved in the sports nutrition ingredients market includes Cargill, Aurobindo Pharma, Innophos, AVT Natural Products Ltd, Tate & Lyle, and Prinova Group, LLC. Many of these firms are emphasizing product innovations to extend their market presence.

For instance, in November 2022, Dutch multinational corporation, DSM NV, launched Vertis™ CanolaPRO®, an allergen-free complete plant protein. It is made of the ingredient, canola meal, which has less carbon footprint. This launch will help DSM NV to establish a leading portfolio of healthy and sustainable plant proteins. 

Authors: Kunal Ahuja, Tushar Malkani