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Research on Australia Sports Nutrition Industry Strategy Analysis (Impact of Covid-19)

Length- 104 Pages | Published Date - 2023-03-25 | Report Id- 2020
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Description Table of Contents Table of Figures
Market Analysis and Insights: Australia Sports Nutrition Market
The Australia Sports Nutrition market size in 2022 is 1105.85 million US dollars, and it is expected to be 1927.40 million US dollars by 2029, with a compound annual growth rate of 8.26% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Sports Nutrition market include VITACO , Glanbia Plc, Clif Bar & Company, Nature’s Bounty, and Cytosport. The share of the top 3 players in the Sports Nutrition market is 15.81%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Protein Powder, BCAA, etc. Application segment includes Convenience Stores, Specialty Stores, etc.
---Protein Powder contributes approximately 44.00% share to the market in 2022.
---Specialty Stores contributes approximately 31.00% share to the market in 2022.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the Australia Sports Nutrition market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the Australia Sports Nutrition market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the Australia Sports Nutrition market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the Australia Sports Nutrition market.

Australia Sports Nutrition Scope and Market Size
Sports Nutrition market is segmented by company, by Type, and by Application. Players, stakeholders, and other participants in the Australia Sports Nutrition market will be able to gain the upper hand as they use the report as a powerful resource.

The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the Sports Nutrition industry is considered in the report, covering the dynamic analysis of the development of the Sports Nutrition industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.

The market trend for sports nutrition in Australia is as follows:

Increasing Health and Fitness Awareness: There is a growing emphasis on health and fitness among Australians, with a significant number of individuals engaging in regular physical activities and sports. This market trend is driving the demand for sports nutrition products as consumers seek to optimize their athletic performance, support muscle recovery, and maintain overall health and well-being.

Rise in Fitness and Gym Culture: The popularity of fitness centers, gyms, and sports clubs has been increasing in Australia. This market trend has created a strong consumer base for sports nutrition products as individuals look for supplements to enhance their workouts, improve energy levels, and achieve their fitness goals.

Growing Participation in Sports: Australians have a strong sporting culture, with a high level of participation in various sports and athletic activities. This market trend is driving the demand for sports nutrition products among athletes, recreational sports enthusiasts, and those looking to maintain an active lifestyle. The focus is on products that provide the necessary nutrients, hydration, and energy to support performance and recovery.

Expansion of Retail Channels: The availability of sports nutrition products has expanded beyond traditional health food stores and specialty sports nutrition outlets. This market trend includes the increasing presence of sports nutrition products in mainstream retail channels such as supermarkets, pharmacies, and online platforms. The wider availability and accessibility of these products contribute to market growth.

Demand for Clean and Natural Ingredients: There is a growing demand for sports nutrition products made with clean and natural ingredients. Consumers are increasingly conscious of what they put into their bodies and seek products that are free from artificial additives, fillers, and excessive sugar. This market trend has led to the development of sports nutrition products that emphasize natural and organic ingredients, catering to the preferences of health-conscious consumers.

Innovation in Product Formats and Flavors: Manufacturers are focusing on innovation in product formats and flavors to cater to consumer preferences and improve the overall consumer experience. This market trend includes the introduction of ready-to-drink beverages, protein bars, convenient single-serve packets, and a wide range of flavors to enhance taste and variety.

Sports Nutrition for Women: The market trend for sports nutrition in Australia includes a growing focus on products specifically tailored for women. As more women engage in sports and fitness activities, there is a demand for sports nutrition products that address their unique nutritional needs and support their performance and recovery goals.

Influencer and Celebrity Endorsements: Influencer marketing and celebrity endorsements play a significant role in promoting sports nutrition products in Australia. Fitness influencers and well-known athletes endorse and recommend specific brands, creating awareness and influencing consumer purchasing decisions. This market trend includes collaborations between sports nutrition brands and popular figures in the fitness and sports industry.
Highlights-Players
Major Players in Sports Nutrition market are:
VITACO 
Glanbia Plc
Clif Bar & Company
Nature’s Bounty
Cytosport
Abbott
General Nutrition Centers, Inc.
Freedom Foods Group
The Hut Group
POST HOLDINGS, INC.
Iovate Health Sciences International Inc.
MUSCLEPHARM
Science in Sport
Others

Highlights-Types
Most important types of Sports Nutrition products covered in this report are:
Protein Powder
BCAA
Pre-workout Supplements
Creatine
Others

Highlights-Application
Most widely Application of Sports Nutrition market covered in this report are:
Convenience Stores
Specialty Stores
Online Stores
Others

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