Australia B2b Sports Nutrition Market Size & Outlook
Australia b2b sports nutrition market, 2016-2028 (US$M)
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Australia b2b sports nutrition market highlights
- The Australia b2b sports nutrition market generated a revenue of USD 45.2 million in 2021 and is expected to reach USD 79.5 million by 2028.
- The Australia market is expected to grow at a CAGR of 8.4% from 2022 to 2028.
- In terms of segment, gyms was the largest revenue generating distribution channel in 2021.
- Fitness studios is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
B2b sports nutrition market data book summary
| Market revenue in 2021 | USD 45.2 million |
| Market revenue in 2028 | USD 79.5 million |
| Growth rate | 8.4% (CAGR from 2021 to 2028) |
| Largest segment | Gyms |
| Fastest growing segment | Fitness studios |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gyms, Fitness studios, Sports academies |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, PepsiCo Inc, MusclePharm Corp, Post Holdings Inc, Herbalife Ltd, GNC, The Bountiful Company, Clif Bar, Science in Sport, Iovate Health Sciences International |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global b2b sports nutrition market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China b2b sports nutrition market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 146.0 million by 2028.
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B2B Sports Nutrition Market Scope
B2B Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia b2b sports nutrition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to b2b sports nutrition market will help companies and investors design strategic landscapes.
Gyms was the largest segment with a revenue share of 72.35% in 2021. Horizon Databook has segmented the Australia b2b sports nutrition market based on gyms, fitness studios, sports academies covering the revenue growth of each sub-segment from 2016 to 2028.
Growing health consciousness among people is a key factor driving the demand for B2B sports nutrition products in the country. The number of gyms & fitness centers has increased from 3,101 in 2011 to 3,468 in 2018. Temporary closure of gyms and fitness centers had a negative impact on B2B sports nutrition market.
Since the reopening of gyms, majority of the gyms are witnessing 90% attendance of pre-COVID levels. Increase in the number of partnerships between both new and established players is further aiding in the development of Australian nutrition industry.
For instance, in 2018, General Nutrition Centers, Inc. partnered with Rapid Nutrition to enter the Australian market. It allowed Rapid Nutrition to sell GNC products through its retail stores and ecommerce platforms.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia b2b sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Australia b2b sports nutrition market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Australia b2b sports nutrition market size, by distribution channel, 2016-2028 (US$M)
Australia B2B Sports Nutrition Market Outlook Share, 2021 & 2028 (US$M)
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