Sports Food Market Share, Growing Demand, and Top Key Players |...

Sports Food Market Share, Growing Demand, and Top Key Players

Posted 2023-08-14 06:46:42

The sports food market will reach USD 128,735.1 million by 2030, at a rate of 7.3% in the years to come, stated by P&S Intelligence.

This is because of the quick surge in the frequency of obesity, increase in the consumer consciousness concerning health, growth in the count of industry players, growth in the frequency of product introductions, boom in the income, and development in the trend of on-the-go snacks.

Dietary supplement powders led the industry in the past, and they will maintain their ascendence in the years to come, proceeding with a rate of more than 8%. This will be because of the increasing requirement for dietary supplements as a result of the improving lifestyles, increasing consciousness toward fitness, and the budding working population, requiring such products for fulfilling their daily nutrient requirements.

Browse detailed - Sports Food Market Revenue Estimation and Growth Forecast Report

This is as a result of the growing number of such shopping centers in developing economies, the expediency of shopping and obtainability of more than a few brands under one roof, frequently with heavy discounts; developing lifestyles, and increasing income of the people all over the world.

North America led the largest share of around 45%, and it will maintain its dominance by the end of this decade. This is because of the higher spending capacity of customers, increasing interest in preventive healthcare, and expanding count of fitness centers, health clubs, and gyms, as well as the increasing consciousness pertaining to fitness amongst youngsters

It is because of the growing number of sports activities, all over the world, the demand for sports food will continue to grow in the years to come.

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