FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., July 17, 2023 /PRNewswire/ -- Sports nutrition products are specialized nutrition products that are designed to boost performance and increase recovery speeds during and after sports activities such as athletics, workouts, or bodybuilding. Demand for these performance supplements extends to both professional and amateur athletes, as they help the user to accelerate muscle recovery and enhance the user's performance. A report from Allied Market Research projects that the global sports nutrition market size is projected reach $67.9 billion by 2030, registering a CAGR of 5.4% through 2030. The report said: "These products are used before and after physical activity to provide energy during the activity and help recovery post it. The most commonly used forms of sports nutrition products are protein powders and sports drinks. Most sports nutrition products are made with ingredients to boost physical capabilities and energy absorption by the body to gain maximum output from the efforts undertaken by the consumer. Sports nutrition products that contain protein promote building of new muscles in bodybuilders and helps maintain lean muscles in athletes, while products containing minerals, electrolytes, carbohydrates, and other types of nutrients help provide, energy, hydration, and nutrition to the body. A mixture of a variety of sports nutrition products are used by athletes to gain the best possible output and to properly supplement their nutritional needs during strenuous workouts and physical activities." It continued: "Sports nutrition industry was severely negatively impacted by the pandemic owing to closure of gyms and fitness centers due to lockdowns. With people becoming more concerned regarding their health, use of natural and clean label products is likely to gain high traction. In the post COVID-19 scenario, a greater inclination toward health and fitness and reopening of gyms and fitness centers will further aid in market expansion." Active companies in the markets this week include Element Nutritional Sciences Inc. (OTCQB: ELNSF) (CSE: ELMT), Celsius Holdings, Inc., (NASDAQ: CELH), Under Armour, Inc. (NYSE: UA), The Coca-Cola Company (NYSE: KO), PepsiCo, Inc. (NASDAQ: PEP).
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