Sports Nutrition Ingredients Market to surpass US$ 7.3 bn by 2032
As per the report by Global Market Insights, Inc. “Worldwide Sports Nutrition Ingredients market was valued USD 3.5 billion in 2022 and will surpass a revenue collection of USD 7.3 billion by 2032 with an annual growth rate of 7.5 % over 2023 to 2032.”
As per the report by Global Market Insights, Inc. “Worldwide Sports Nutrition Ingredients market was valued USD 3.5 billion in 2022 and will surpass a revenue collection of USD 7.3 billion by 2032 with an annual growth rate of 7.5 % over 2023 to 2032.”
Sports Nutrition Ingredients Market is expected to grow considerably through 2032 owing to the increasing consumption of protein-based products by athletes and bodybuilders. Sports nutrition helps the body to promote fast recovery. It also delays the onset of fatigue, enhances body composition, strength, and concentration assisting in maintaining a healthy immune system, further reducing the risk of heat cramps and GI distress.
Overall, the industry is segmented in terms of product, form, age group, application, end-use and region.
Based on the product, the protein segment will be valued at over USD 1 billion by 2032. Increasing awareness regarding the benefits of consumption of protein for healthy body and a rise in health consciousness among consumers will bolster the product demand in functional foods and beverages and supplement applications. Besides, protein helps athletes build muscles, repair tissues, and make enzymes and hormones. In addition, protein consumption also helps in weight loss and toning the muscles.