Advances in Online Trading Platforms Improve Product Accessibility and Availability
DUBLIN, October 4, 2021 / PRNewswire / – The Global B2B Sports Nutrition Market Size, Share and Trend Analysis Report by Application (Weight Management, Immunity Boosting, Strength Training), By Distribution Channel (Fitness Studio, Gyms) , by region and segment forecast, 2021-2028 “ report was added to ResearchAndMarkets.com offer.
The global B2B sports nutrition market size is expected to reach $ 5.9 billion by 2028, expanding at a CAGR of 9.8%
Consumers are proactively participating in sports and fitness activities as they are increasingly inclined to adopt a healthy and physically fit lifestyle. The increase in the number of gyms and fitness centers around the world supports the fitness goals of their members.
The growing awareness of the importance of nutrition-based products is a key factor driving the market. In addition, fitness centers and gymnasiums endorse sports nutrition products, thus propelling the growth of the market. Advances in online trading platforms are improving the accessibility and availability of products globally.
Globalization has brought about a rapid change in lifestyles, which has altered eating habits. This, in turn, has led to dietary deficiencies and an increased prevalence of chronic diseases like diabetes, cancer, cardiovascular disease, and obesity.
The growing health awareness and the shift in mindset from curative to preventive care among consumers are driving the demand for supplements and sports products. Consumers focus on personal care and meticulously monitor their nutritional and health status. Globally, people are concerned about their personal health and easily adopt an active lifestyle.
According to estimates from the International Health, Racquet and Sportsclub Association, the number of fitness club members has grown steadily, from 58.0 million in 2010 to 73.6 million in 2019.
Finally, the key players are investing more and more in the development of new innovative products to develop their product portfolio. Companies respond to the growing demand for organic and plant-based nutritional products, which ultimately contributes to development.
For example, Cliff bar and company at February 2021 launched its Luna Bars product portfolio with probiotics to promote digestive health and serve as a healthy meal replacement option. Likewise, in July 2019 Herbalife Nutrition has launched Herbalife 24-BCAA to provide rapid recovery and improve performance.
Highlights of the B2B Sports Nutrition Market Report
The market is expected to experience significant growth during the forecast period, owing to the increasing inclination towards healthier lifestyles, the growing number of fitness and health centers, and the increase in healthcare spending.
The recovery segment dominated the market in 2020 due to the growing health awareness and consumption of sports nutrition products for muscle growth and recovery.
Gym segment dominated the market in 2020 due to the increase in number of gyms and fitness centers around the world
North America dominated the market in 2020 due to increasing disposable income, growing number of gyms and presence of major key players
B2B Sports Nutrition Market Variables, Trends and Scope
Market lineage outlook
Market driver analysis
Increased health awareness and increased awareness of sports nutrition products
Increase disposable income
More and more initiatives in the field of sports nutrition
Analysis of market restrictions
Analysis of market challenges
Major transactions and strategic alliances
Merger and Acquisition
General Nutrition Centers, Inc.
The generous company
Cliff bar & Society
Science in Sport
The Hutte group
Cardiff B2B Sports Nutrition Limited
Iovate Health Sciences International, Inc.
Post Holdings Inc.
Herbalife International of America, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/9so3ir
Research and markets
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SOURCE Research and Markets