B2B Sports Nutrition Market: Current Analysis and Forecast (2021-2027)

B2B Sports Nutrition Market: Current Analysis and Forecast (2021-2027)

Global B2B Sports nutrition market was stood around USD 1.8 bn in 2020 and expected to grow with a CAGR of around 10% during the forecast period (2021-2027). The global population is focusing on health and adopting an active lifestyle coupled with the shift in the perspective from curative care to preventive care is driving the importance of a healthy lifestyle and consumption of sports nutrition products in the consumers are expected to positively impact the market for B2B sports nutrition.

Moreover, major players in the market are undertaking various initiatives, such as launching new products and constantly innovating different formulations, which is driving the market for B2B sports nutrition. For instance, in December 2020, Abbott announced the launch of a new Pedialyte formulation to support immune health through key nutrients composition.

The coronavirus pandemic declared as public health emergency worldwide by World Health Organization (WHO). Government across nations implemented lockdown and ban on travelling, shutdown of manufacturing industries, and commercial activities. This had severely disrupted the supply chain. This included a complete closure of sports clubs and fitness centers, majorly impacting sports nutrition product sales adversely. Moreover, the outbreak disrupted the sporting schedule and affected some of 2020’s largest events, which, in turn, also hampered the sales of B2B sports nutrition products through such events on a large scale.

Glanbia PlC, Abbott, PepsiCo, General Nutrition Centers Inc., The Bountiful Company, Clif Bar & Company, Science in Sport, The Hut Group, Cardiff B2B Sports Nutrition Limited, Iovate Health Sciences. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Product, B2B Sports nutrition segment holds the major share”

Based on product, the B2B sports nutrition market is segmented into endurance, strength training, muscle growth, recovery, energy, weight management, immunity enhancement, cognitive repairment. The recovery segment caters significant demand in B2B sports nutrition market owing to increasing health consciousness and consumption of sports nutrition products for muscle growth and recovery.

“Amongst Application, Gym segment holds the major share”

Based on application, the B2B sports nutrition market is classified into fitness studio, gyms, sports academies. The gyms segment holds the considerable market share. Surge in the number of gyms and fitness centers across the globe, which is attributable to a rising inclination towards a healthy and physically active lifestyle amongst the consumers, thereby positively influencing market growth

“North America represents one of the largest markets of Global B2B Sports nutrition Market”

For a better understanding of the market dynamics of the global B2B Sports nutrition market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, and Rest of the World. North America holds the substantial market share predominantly due to rising inclination towards pursuing a healthy and active lifestyle and increasing awareness regarding the importance of sports nutrition products.

Reasons to buy this report:The study includes market sizing and forecasting analysis validated by authenticated key industry experts.The report presents a quick review of overall industry performance at one glance.The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.The study comprehensively covers the market across different segments.Deep dive regional level analysis of the industry.