DUBLIN – (BUSINESS WIRE) – Nov. September 2021–
The North American sports nutrition market is expected to reach $ 29.8 billion by 2027 and grow at a CAGR of 15.4% from 2021 to 2027.
The increasing propensity for a healthy and active lifestyle, the increasing number of fitness and fitness studios in the region as well as the increased awareness of the importance of sports nutrition products are the key factors for the market.
The International Health, Racquet and Sportsclub Association (IHRSA) estimates that the number of fitness clubs in the United States increased by 27% from 58 million in 2010 to 73.6 million in 2019, with participation in Mexico’s 1,434 gyms and fitness centers totaling 3 , 2% of the total population. According to Statista reports, the Canadian gym and fitness center market was valued at $ 4,300 million in 2020.
In addition, the rapidly changing lifestyle leading to an increased prevalence of chronic diseases and obesity is another key factor that has a positive impact on market growth. According to CDC estimates, the obesity prevalence rate in adults was estimated at 42.4% in 2017-2018. The rate increased from 30.5% in 1999-2000 to 42.4% in 2017-2018.
The CDC estimates of obesity prevalence in children and adolescents in 2017-2018 indicated that 21.2% of adolescents between the ages of 12 and 19 were obese; 20.3% children aged 6-11 years; and 13.4% children in the age group 2-5 years are obese. Similarly, in 2018, according to Statistics Canada, 26.8% of adults were classified as obese and 36.3% of adults were classified as overweight. In addition, in 2018, The Lancet estimates 36.1% of adults in Mexico were labeled obese.
In addition, most market participants are increasingly investing in the development of new products and continuously upgrading their existing products. The increasing demand for organic and plant-based nutritional products is also contributing to market growth.
In order to take advantage of the growing trend to consume plant-based or vegan products, companies are developing products in this category. Gold Standard 100% vegetable whey protein powder from Glanbia, plc and Vega Sport Premium Protein from Vega are some of the examples of commercially available vegetable protein powders.
North America Sports Nutrition Market Report Highlights
- Due to the increasing propensity for a healthier lifestyle, the increasing number of fitness and health centers and increasing health spending, the market is expected to grow significantly during the forecast period
- The sports supplement segment dominated the market in 2020 due to the increasing consumption of dietary supplements among athletes and leisure enthusiasts
- The post-workout segment dominated the market in 2020 due to the increasing consumption of nutritional products for muscle building and regeneration
- The powder segment dominated the market in 2020 as these formulations are easier to consume and consist of stable ingredients
- The adult consumer segment dominated the market in 2020 due to an increase in gym and gym memberships as well as increased health spending
- The stationary segment had the largest share of sales in 2020 due to the high consumer base of the retail stores
- The US dominated the market in 2020 due to increased disposable income and an increasing number of gyms
- Increasing health awareness and awareness of sports nutrition products
- Increase in disposable income
- More and more initiatives in the field of sports nutrition
- Increase in spending on sports nutrition products
- Rising obesity prevalence
Analysis of the market restrictions
- Availability of counterfeit products in the market
Analysis of the market challenges
- Changes in the regulatory scenario
Overview of the consumption of sports nutrition products by different consumer groups
- Main user
- athlete
- Fitness enthusiasts
- Bodybuilders
- Lifestyle user
- Nutrineo health food solutions
- High Performance Nutrition LLC
- Pure Nature EHF
- Abbott
- Glanbia Nutritionals (optimal nutrition)
- Maxim Sports Nutrition (orkla care)
- Otsuka Pharma
- Clif Bar & Company
- Reckitt Benckiser Group
- Pepsico foods
- Alani NO
- Redcon 1 LLC
- ghost
- cellulose
- Core Nutritionals, LLC
- The ingenious brand
- Jacked up factory
- Kaged muscle
- Vega
- Orga, Inc.
- Muscle pharm
Laura Wood, Senior Press Manager
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INDUSTRY KEYWORD: FITNESS & NUTRITION HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 09/17/2021 11:02 a.m. / DISC: 09/17/2021 11:02 a.m.
Copyright Business Wire 2021.
