Following the sales decline in 2020 against a backdrop of gym closures and lockdowns due to the pandemic, a recovery for Sport Nutrition was seen in 2021 as vaccination programmes rolled out across Western Europe, with stronger growth then being recorded in 2022 as society was finally returning to normality.
A dynamic performance is expected over the forecast period, with most areas of sports nutrition, and particularly sports protein powder, recording stronger CAGRs in 2022-2027 than over the historic period.1
According to a survey by Foresight Factory, two-thirds (67%) of global consumers play sports or exercise at least once a week. Weekly participation rates are highest in China (83%) and Brazil (79%), while Millennials lead among the generations.2
Over half (52%) of global consumers say they exercise/play sports to improve their physical health. Instead 37% said they do sports to improve their mental health. Other drivers are: losing weight (for 29% of global consumers), and improve their physical appearance (for 28%).2 Therefore, there is a huge opportunity lying for those engaging occasionally in running, cycling, or other leisure sports activities.
It’s interesting that nearly 1 in 3 consumers globally consume sports and functional nutrition products, with those in Vietnam, South Africa, Indonesia and the US most likely to do so. The most desirable function for consumers globally (with 32% choosing this function) is boosting or sustaining energy, while 26% chose boosting immunity, hydrating or improving gut/digestive health.3