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Middle East & Africa Sports Nutrition Market
No. of Pages: 150 | Report Code: BMIRE00027390 | Category: Consumer Goods
No. of Pages: 150 | Report Code: BMIRE00027390 | Category: Consumer Goods
Manufacturers in the MEA sports nutrition market are ramping up their R&D efforts to come up with plant-based nutrition products. Several plant-based products have been introduced in recent years. For instance, in May 2020, Danone made its Vega One plant-based protein products commercially available, with the Vega One Sport designed for sports enthusiasts. The product contains a mix of proteins derived from different sources, including pumpkin seeds, alfalfa, sunflower, and peas. Similarly, in March 2020, Myprotein, a sports nutrition brand, launched a precise plant-based protein shake. The Clear Vegan Isolate, which comes in powdered form, is available in two flavors: Coconut & Mango and Pear & Ginger. Thus, with the growing trend of consuming sports nutrition products to address mineral and vitamin deficiencies, the launch of plant-based nutrition products to meet the requirements of vegan populations is expected to boost the MEA sports nutrition market growth in the coming years.
The MEA sports nutrition market, by country, is segmented into UAE, Saudi Arabia, South Africa, & the Rest of MEA. South Africa dominated the market in 2022. The sports nutrition market in South Africa is expected to experience growth opportunities during the forecast period due to factors such as the increasing demand for health & wellness products in the country, growing penetration of international sports nutrition brands across the country, rising health consciousness among adults, changing lifestyles, growing household disposable income, higher demand for fitness services, and innovative promotion strategies being implemented by major fitness centers in the country. Moreover, the government is enduring initiatives, such as Vuka, to address the obese population with health awareness and suitable lifestyle adoption. Recently, numerous additional facilities have been provided to the members to satisfy them and boost their retention rate in certain fitness clubs. A few additional facilities are a diet consultant, nutrition specialists, sauna, spa, and others, which attract the crowd to participate in South Africa's fitness regime as a result driving the growth of the sports nutrition market.
Strategic insights for the Middle East & Africa Sports Nutrition provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Sports Nutrition refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Sports Nutrition Strategic Insights
Middle East & Africa Sports Nutrition Report Scope
Report Attribute
Details
Market size in 2022
US$ 930.84 Million
Market Size by 2028
US$ 1,363.45 Million
Global CAGR (2022 - 2028)
6.6%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Formulation
By Distribution Channel
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Sports Nutrition Regional Insights
The sports supplements segment is further segmented into protein supplements, vitamins, minerals, and others. Similarly, sports food segment is categorized into protein bars, energy bars, and energy gels. Further, sports drinks segment is categorized into hypotonic, isotonic, and hypertonic.
Abbott; Clif Bar & Company.; Glanbia Plc; GNC Holdings Inc.; Lovate Health Sciences International Inc.; MusclePharm Corporation; PepsiCo Inc.; The Coca-Cola Company; and Yakult Honsha Co., Ltd. are the leading companies operating in the MEA sports nutrition market.
The Middle East & Africa Sports Nutrition Market is valued at US$ 930.84 Million in 2022, it is projected to reach US$ 1,363.45 Million by 2028.
As per our report Middle East & Africa Sports Nutrition Market, the market size is valued at US$ 930.84 Million in 2022, projecting it to reach US$ 1,363.45 Million by 2028. This translates to a CAGR of approximately 6.6% during the forecast period.
The Middle East & Africa Sports Nutrition Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Sports Nutrition Market report:
The Middle East & Africa Sports Nutrition Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Sports Nutrition Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Sports Nutrition Market value chain can benefit from the information contained in a comprehensive market report.