Europe Sports Nutrition Market
Europe Sports Nutrition Market Size Expands at Significant CAGR of 9.6% to Touch USD 10 Billion by 2029
Published | 20 October 2023
Europe sports nutrition market is gaining traction because of the growing health consciousness among consumers and people’s increasing interest and participation in sports and fitness activities across the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe sports nutrition market size at USD 5,761.07 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe sports nutrition market size to grow at a CAGR of 9.58% reaching a value of USD 9,972.27 million by 2029. Major growth factors for the Europe sports nutrition market include rising consumption among non-athletes due to increased health awareness and growing launches of diverse products to meet increasing demands from consumers.
Europe Sports Nutrition Market – Overview
The sports nutrition market refers to the industry that produces and sells nutritional supplements, food and beverages, and other products that are designed to enhance athletic performance, improve recovery times, and support a healthy and active lifestyle. These products may contain ingredients such as protein, amino acids, vitamins, minerals, and other compounds that are believed to be beneficial for athletes and fitness enthusiasts. The market includes a wide range of products, from energy bars and shakes to protein powders and dietary supplements and is driven by the increasing demand for health and wellness products worldwide.
Europe Sports Nutrition Market
Europe Sports Nutrition Market – By End User
Based on end users, the Europe sports nutrition market is segmented into athletes, bodybuilders, recreational users, and lifestyle users. The lifestyle users segment holds the largest share in the Europe sports nutrition market by end user. The increasing usage of supplements to preserve physical health and the rising prevalence of obesity are primarily responsible for the growth of this category. The industry is also propelled by a sizable customer base that is encouraged to consume a variety of supplements by social media. The rising incidence of obesity and other chronic conditions globally has increased the demand for nutritional supplements.
Impact of COVID-19 on the Europe Sports Nutrition Market
The COVID-19 pandemic disrupted the growth of the Europe sports nutrition market. The restrictions on supply chain logistics during the lockdown led to a shortage of stocks in supermarkets, supermarkets/hypermarkets, and other retail stores. Furthermore, the temporary closure of gyms and limitations on sports activities to prevent crowd gathering resulted in a significant decline in the demand for sports nutrition in the market. However, with the increasing health consciousness among consumers and a rise in exercise at home due to remote working culture as well as to improve immunity, the demand for sports nutrition is also projected to rise during the post-COVID-19 period.
Major players operating in the Europe sports nutrition market include Glanbia PLC, PepsiCo Inc., Abbott Nutrition, Nestle S.A., GNC Holdings Inc., Amway Corporation, The Vitamin Shoppe, Inc., The Nature's Bounty Co., Quest Nutrition, Dymatize Enterprises, Inc., NOW Foods, Prozis, Myprotein, Bulk Powders, and NutraBio.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Europe Sports Nutrition Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Europe Sports Nutrition Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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- Europe Sports Nutrition Market, By Product Type (Sports Drinks, Sports Food, Sports Supplements); By End User (Athletes, Bodybuilders, Recreational Users, Lifestyle Users); By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail, Others); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: October 2023
Growing health consciousness among consumers and increasing participation in sports and fitness activities are expected to boost the growth of the Europe sports nutrition market during the forecast period between 2023 and 2029.
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