Global Sports Supplement Market Projected to Reach US$ 27.89 Billion by 2034: Fact.MR Study

Global Sports Supplement Market Projected to Reach $27.89 Billion by 2034, Reports Fact.MR

The sports supplement market is experiencing substantial growth, with a projected CAGR of 12.1% to reach a size of US$ 27.89 billion by 2034, according to a new industry analysis by Fact.MR. This upward trend is fueled by a rising awareness of fitness and an increasing number of health-conscious consumers.

Products such as protein powders, energy bars, and nutritional supplements catering to specific fitness goals like weight loss, muscle gain, and endurance enhancement are in high demand. Manufacturers are continuously innovating to meet changing consumer preferences, introducing products with cleaner labels, organic ingredients, and plant-based formulations. The digital revolution has also boosted online sales of sports supplements, providing consumers with convenience and a wide range of choices.

The market reflects a global shift towards prioritizing physical well-being, standing at the intersection of health, fitness, and innovation. Companies are focusing on introducing novel formulations and ingredients to meet consumer needs. Trends towards natural and organic components, clean labeling, and plant-based alternatives align with the increasing preference for healthier and more sustainable options among consumers.

Key takeaways from the market study include:
– North America is estimated to hold a market share of 25% in 2024.
– The animal-derived segment is set to account for a market share of 41.8% in 2024.
– Demand for sports supplements is projected to reach US$ 27.89 billion by 2034.
– East Asia is estimated to account for a market share of 20.2% in 2024.
– The plant-derived segment is predicted to advance at a CAGR of 12.8% through 2034.

“The sports supplement market continues to evolve in line with changing consumer preferences and lifestyle trends. Innovation is key, driven by the pursuit of better performance, recovery, and overall well-being,” says a Fact.MR analyst.

Social media plays a significant role in shaping consumer behavior towards sports supplements, with influencers, athletes, and fitness enthusiasts leveraging their platforms to endorse products. The United States, known for its robust fitness culture, has seen a surge in demand for sports supplements across various consumer segments.

The market offers valuable insights based on ingredient, nature, supplement type, formulation, and sales channel across six major regions of the world. Fact.MR is a market research and consulting agency trusted by 80% of Fortune 1,000 companies. With offices in the United States, Dublin, and Dubai, they provide comprehensive research solutions to clients worldwide.

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