Sports Nutrition Market Set to Reach US$ 34.5 Billion by 2033, Driven by Rising Fitness Trends
With a projected revenue value of US$ 34.5 billion by the end of 2033, the worldwide sports nutrition Market is currently valued at US$ 16.7 billion. Over the next ten years, there is a projected 7.5% annual growth rate in the consumption of sports nutrition products worldwide.
Two major factors that are expected to drive the consumption of sports nutrition products over the next several years are the expanding popularity of sports and the growing need for nutrition. Other factors that drive sales of sports nutrition products include the growing number of athletes worldwide, the increasing availability of advanced sports nutrition products, the rise in per capita disposable income, the growing demand for immunity-enhancing products, and appealing marketing campaigns that encourage the use of sports drinks.