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Sports Nutrition Ingredients Market Share

Report ID: GMI5328
Published Date: Feb 2023
Report Format: PDF

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Sports Nutrition Ingredients Market Share

Prominent participants operating across the sports nutrition ingredients market include

BASF SE
Dupont Nutrition & Biosciences
AVT Natural Products Ltd
Prinova Group, LLC
Innophos

Many of these companies are focusing on mergers and acquisition strategies to reinforce their industry position. For instance, in September 2021, Prinova Group, LLC, a NAGASE group food product company, acquired The Ingredient House, LLC, a US-based ingredient supplier to the global food & beverage market.

This acquisition helped the company enhance its presence in the distribution space as The Ingredient House, LLC, has a strong presence in the sweetener and specialty ingredient sectors in the U.S. and the world.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

In 2022, the global market crossed a valuation of USD 3.5 billion, driven by increasing demand for dietary supplements due to evolving lifestyles, the market is expected to witness over 7.5% CAGR from 2023 to 2032.

Some major sports nutrition ingredients suppliers include BI Nutraceuticals (Martin Bauer), BASF SE, Ingredion, Cargill, Aurobindo Pharma, ADM, DSM NV, and Tate & Lyle, among others.

The probiotics segment is set to expand at a CAGR of 8.5% through 2032, propelled by the growing consumption of probiotics on account of their digestive health benefits.

The market share for sports nutrition ingredients in North America is expected to cross USD 2.5 billion by 2032, owing to increasing prevalence of micronutrient deficiency due to unhealthy eating habits in the region.