The global sports nutrition ingredients market is expected to witness significant growth over the forecast period on account of the increasing importance of enhancing performance, endurance, and muscle recovery among athletes. Rising consumption of nutrition and dietary supplements in the sports industry on account of increasing consumption by athletes and bodybuilders is expected to have a positive impact on the market. Amino acids, creatine, dairy, pea, and soy proteins are majorly used products in the sports nutrition ingredients. Technological advancement in increasing fortification of sports nutrition ingredients in protein powders, energy bars, meal replacement bars, and energy drinks and hence is expected to be a favourable factor on market over the next seven years. Nanoencapsulation and macroencapsulation technologies have gained popularity over the past few years on account of controlled release and minimum use of ingredients. Increasing application of aforementioned encapsulation technologies in fortification of food & beverage products is expected to tap new markets in the near future. Growing demand for naturally derived ingredients on account of increasing health concerns regarding synthetic ingredients is expected to the penetration of herbal supplements in the sports nutrition industry.
Increasing occurrence of obesity disorders has resulted in the rising importance of fitness and sports activities which is expected to fuel the demand over the forecast period. The development of ingredients with low carbs and high protein is expected to find new applications in sports nutrition products over the next seven years. Increasing use of artificial steroids by athletes is expected to have a hindering effect on the sports nutrition ingredients market over the forecast period. The emergence of plant proteins in food & beverage industry on account of their low cost is expected to fuel the demand over the next seven years.
Asia Pacific is expected to be the fastest-growing market. Rising sporting events in India such as the Indian Premier League, Indian Soccer League, and Indian Hockey League are expected to fuel the demand for sports nutrition ingredients in fortification of dietary supplements and food & beverage products. Food & beverage growth coupled with rising consumption of dietary supplements in emerging markets of China and India have forced nutraceutical manufacturers to establish their production facilities in the near vicinity. As a result, manufacturers of sports nutrition ingredients are expected to find a lucrative opportunity in Asia Pacific over the forecast period.
North America is expected to be a major market on account of robust infrastructure of sports such as American football, baseball and basketball. The rising importance of sports scholarships at University levels in the U.S. is anticipated to drive sports nutrition ingredients market over the forecast period. Increasing prevalence of soccer events in Europe such as English Premier League, La Liga and Bundesliga is expected to fuel the market demand over the forecast period. The European Commission imposed stringent regulations aimed at restricting the application of chemicals as additives in fortification of food & beverage products. As a result, naturally derived ingredients such as prebiotics and probiotics are expected to find their application in sports nutrition products over the forecast period. Increasing participation of Football in countries of Africa such as Ivory Coast, Nigeria, and Cameroon are expected to duel demand for dietary supplements in the region and is expected to have a positive impact on the market in the near future. Upcoming sports events such as the 2016 Summer Olympics at Rio de Janeiro along with availability of raw materials for protein in Brazil are expected to open new avenues for the market. Population growth, urbanization, and food & beverage industry growth in Middle East are expected to have a positive impact on the market in the near future.
Key players in the sports nutrition ingredients market include Roquette, Sabinsa, Capsugel, Glanbia Nutritionals, Rousselot- Peptan, Kemin- XSurge, Naturex, Davisco, NutrScience Labs and Arla Food Ingredients. In March 2014, Polyphenolics launched MegaNatural GL, a sports nutrition product, comprising grape seed and aimed at regulating blood glucose levels after meals for athletes. In January 2015, Trace Minerals Research launched its Cleanfit line of nutrition products with non-GMO ingredients comprising without sweeteners and artificial colors. In April 2015, Arbonne International, LLC launched its PhytoSport, its first sports nutrition line aimed at enhancing endurance and improving performance.
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The demand for nutraceuticals & functional foods is expected to witness an upward surge owing to consumers opting for immunity boosting supplements during the COVID-19 pandemic. Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant and animal-based protein supplements in the near future. The report will account for Covid19 as a key market contributor.