Middle East and Southeast Asia Sports Nutrition Market 2033
The Middle East and Southeast Asia sports nutrition market size is expected to reach US$ 2,197.11 million by 2033 from US$ 863.77 million in 2023; the market is estimated to register a CAGR of 9.8% from 2023 to 2033.
Market Insights and Analyst View:
Sports nutrition refers to specific dietary and nutritional needs to support athletes' and active individuals' physical performance, endurance, and recovery. It involves consuming the right macronutrients (carbohydrates, proteins, and fats), micronutrients, and fluids to optimize athletic performance and overall health. Good nutrition is crucial for enhancing athletic performance, as it provides the energy required to complete physical activities, whether it's a casual sport or a competitive event.
The demand for sports nutrition is surging due to several factors. Firstly, the growing preference for a healthy and active lifestyle among consumers, particularly the younger demographic. This trend has increased interest in fitness and physical activities, driving the demand for nutritional products. Furthermore, there is a rising acceptance of protein supplements among consumers, which is contributing to the Middle East and Southeast Asia sports nutrition market growth. Manufacturers' using social media platforms, such as YouTube and Instagram, to promote their products has also played a significant role in boosting the demand for sports nutrition products. Additionally, the convenience and effectiveness of flavored sports energy drinks and other ready-to-consume products have fueled the demand for sports nutrition. The growing focus on physical health, increasing participation in sports and physical activities, and the surging number of competitive sporting events are vital drivers contributing to the expanding Middle East and Southeast Asia sports nutrition market size.
Growth Drivers and Challenges:
The Middle East and Southeast Asia sports nutrition market growth can be attributed to several key factors. Firstly, there has been a noticeable shift toward a more health-conscious lifestyle in these regions, with an increasing number of individuals engaging in fitness activities and sports. The heightened awareness of proper nutrition in supporting physical performance and recovery has also surged the demand for sports nutrition products. Moreover, the rise of fitness and wellness culture in countries such as the UAE, Saudi Arabia, and Singapore has contributed to a growing market for sports nutrition, as consumers seek to optimize their athletic endeavors and overall well-being through appropriate nutrition.
Secondly, the influence of global sporting events has played a pivotal role in driving the demand for sports nutrition in these regions. Hosting major international sporting events, such as the FIFA World Cup, Asian Games, and various marathons and triathlons, has spurred interest in sports and fitness among the local populations. This heightened interest has translated into an increased demand for sports nutrition products as athletes and fitness enthusiasts seek to improve their performance and recovery through specialized nutritional support. Additionally, the exposure to international athletes and sports teams has popularized the use of sports nutrition products, leading to a surge in consumption in these regions.
The expanding urban populations in cities across the Middle East and Southeast Asia have led to lifestyle changes prioritizing health and fitness. As urbanization continues to grow, there is a greater emphasis on physical well-being and an active lifestyle, increasing demand for sports nutrition products. Moreover, the rise of social media and digital influence has significantly promoted fitness and wellness trends, with influencers and celebrities advocating for sports nutrition supplements and products. This digital influence has effectively reached a broad audience, particularly the younger demographic, and has contributed to the surging demand for sports nutrition in these regions.
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Middle East and Southeast Asia Sports Nutrition Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Middle East and Southeast Asia Sports Nutrition Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystReport Segmentation and Scope:
The “Middle East and Southeast Asia Sports Nutrition Market Analysis and Forecast to 2033” is a specialized and in-depth study focusing significantly on market trends and growth opportunities. The report aims to provide an overview of the market with detailed market segmentation by form. The market has witnessed considerable growth recently and is expected to continue this trend during the forecast period. The Middle East and Southeast Asia sports nutrition market report provides key statistics on the consumption of sports nutrition in the Middle East and Southeast Asia. In addition, the report provides a qualitative assessment of various factors affecting the market performance. The report also includes a comprehensive company prfile of the leading players and their key strategic developments.
Several analyses are also included to help identify the key driving factors, Middle East and Southeast Asia sports nutrition market trends, and lucrative opportunities that would, in turn, aid in identifying the significant revenue pockets.
The ecosystem analysis and Porter's five forces analysis also provide a 360-degree view of the market, which helps understand the entire supply chain and various factors affecting the market performance. Further, the Middle East and Southeast Asia sports nutrition market forecast is estimated on the basis of secondary and primary research findings, such as crucial company publications, association data, and databases.
Segmental Analysis:
The Middle East and Southeast Asia sports nutrition market is segmented on the basis of form and region. In terms of form, the market is segmented into powders, RTD beverages, bars, gummies, and others. The powder segment accounted for the largest Middle East and Southeast Asia sports nutrition market share in 2023. The powder form of sports nutrition refers to dietary supplements and nutritional products formulated in a powdered format, typically designed to be mixed with water or other beverages for consumption. These powders often contain a balanced combination of macronutrients, such as proteins, carbohydrates, and fats, as well as essential vitamins, minerals, and amino acids tailored to support the nutritional needs of athletes and active individuals.
The convenience and versatility of powdered supplements make them an attractive option for athletes and fitness enthusiasts. The ease of mixing and consuming these powdered products makes them suitable for on-the-go use, whether it's during training sessions, competitions, or simply as a quick and convenient nutritional boost. Additionally, powdered sports nutrition products offer flexibility in dosage and customization, allowing individuals to adjust the concentration and serving size according to their specific needs and preferences. Moreover, the increasing consumer preference for personalized nutrition and the growing market for customizable dietary solutions have propelled the demand for powdered sports nutrition as individuals seek tailored and convenient ways to meet their nutritional requirements for physical performance and recovery.
Regional Analysis:
Based on region, the market in Southeast Asia was valued at more than US$ 580 million in 2023. Southeast Asia accounted for the largest Middle East and Southeast Asia sports nutrition market share in 2023. The rapidly expanding middle-income group in countries across Southeast Asia has led to an increased focus on health and wellness. As disposable incomes rise, a growing willingness to invest in fitness and nutrition drives the demand for sports nutrition products. This trend is particularly evident in urban areas, where a burgeoning middle class increasingly prioritizes physical health and well-being. Additionally, the influence of global wellness and fitness trends has permeated the Southeast Asian market, with consumers showing a heightened interest in adopting international health and nutrition practices. This has led to a growing awareness of the benefits of sports nutrition and an increased willingness to incorporate these products into daily routines.
The expansion of wellness, nutrition, and supplements by food and personal care companies across the region has significantly driven the demand for sports nutrition. Established companies' active expansion into wellness and nutrition segments has contributed to increased availability and accessibility of sports nutrition products, thereby stimulating consumer interest and demand. Moreover, the growing popularity of functional beverages with localized origins and botanical-based active principles has been a critical driver of the nutraceutical market in Southeast Asia. This trend reflects a broader shift toward embracing natural and functional ingredients, aligning with the region's consumers' preferences. These factors have led to a surge in demand for sports nutrition products as consumers increasingly seek to optimize their physical health and well-being through specialized nutritional support tailored to their regional preferences and lifestyles.
Middle East and Southeast Asia Sports Nutrition Market Report Scope
Competitive Landscape and Key Companies:
Haleon Group of companies (GSK), Herbalife, Life-Space Group Pty Ltd, Swisse Wellness Pty Ltd, GNC, Meridlife, ALL NATURE, Blackmores, Bayer AG, and 21st Century Singapore are among the key players profiled in the Middle East and Southeast Asia sports nutrition market report. The market players focus on providing high-quality products to fulfill customer demand.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Sports Nutrition Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Sports Nutrition Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Sports Nutrition Market - Middle East and Southeast Asia Market Analysis
6.1 Sports Nutrition - Middle East and Southeast Asia Market Overview
6.2 Sports Nutrition - Middle East and Southeast Asia Market and Forecast to 2033
7. Sports Nutrition Market – Revenue Analysis (USD Million) – By Form, 2021-2033
7.1 Overview
7.2 Powders
7.3 RTD Beverages
7.4 Bars
7.5 Gummies
7.6 Others
8. Sports Nutrition Market - Revenue Analysis (USD Million), 2021-2033 – Country Analysis
8.1 Middle East
8.1.1 Middle East Sports Nutrition Market Overview
8.1.2 Middle East Sports Nutrition Market Revenue and Forecasts to 2033
8.1.3 Middle East Sports Nutrition Market Revenue and Forecasts and Analysis - By Form
8.2 Southeast Asia
8.2.1 Southeast Asia Sports Nutrition Market Overview
8.2.2 Southeast Asia Sports Nutrition Market Revenue and Forecasts to 2033
8.2.3 Southeast Asia Sports Nutrition Market Revenue and Forecasts and Analysis - By Form
8.2.4 Southeast Asia Sports Nutrition Market Revenue and Forecasts and Analysis - By Countries
8.2.4.1 Indonesia Sports Nutrition Market
8.2.4.1.1 Indonesia Sports Nutrition Market, by Form
8.2.4.2 Singapore Sports Nutrition Market
8.2.4.2.1 Singapore Sports Nutrition Market, by Form
8.2.4.3 Malaysia Sports Nutrition Market
8.2.4.3.1 Malaysia Sports Nutrition Market, by Form
8.2.4.4 Thailand Sports Nutrition Market
8.2.4.4.1 Thailand Sports Nutrition Market, by Form
8.2.4.5 Philippines Sports Nutrition Market
8.2.4.5.1 Philippines Sports Nutrition Market, by Form
8.2.4.6 Vietnam Sports Nutrition Market
8.2.4.6.1 Vietnam Sports Nutrition Market, by Form
9. Industry Landscape
9.1 Mergers and Acquisitions
9.2 Agreements, Collaborations, Joint Ventures
9.3 New Product Launches
9.4 Expansions and Other Strategic Developments
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Concentration
11. Sports Nutrition Market - Key Company Profiles
11.1 Haleon Group of Companies
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
Note - Similar information would be provided for below list of companies
11.2 Herballife
11.3 Life-Space Group Pty Ltd
11.4 Swisse Wellness Pty Ltd
11.5 GNC
11.6 Merdilife
11.7 ALLNATURE
11.8 Blackmores
11.9 Bayer AG
11.10 21st Centural Singapore
12. Appendix
12.1 Glossary
12.2 About The Insight Partners
12.3 Market Intelligence Cloud
The List of Companies - Middle East and Southeast Asia Sports Nutrition Market
- Haleon Group of companies (GSK)
- Herbalife
- Life-Space Group Pty Ltd
- Swisse Wellness Pty Ltd
- GNC
- Meridlife
- ALL NATURE
- Blackmores
- Bayer AG
- 21st Century Singapore
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.