Saudi Arabia B2b Sports Nutrition Market Size & Outlook
Saudi Arabia b2b sports nutrition market, 2016-2028 (US$M)
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Saudi Arabia b2b sports nutrition market highlights
- The Saudi Arabia b2b sports nutrition market generated a revenue of USD 8.5 million in 2021 and is expected to reach USD 13.7 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 7.2% 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 8.5 million |
| Market revenue in 2028 | USD 13.7 million |
| Growth rate | 7.2% (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, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, UAE b2b sports nutrition market is projected to lead the regional market in terms of revenue in 2028.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 18.9 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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Saudi Arabia 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 72.94% in 2021. Horizon Databook has segmented the Saudi Arabia b2b sports nutrition market based on gyms, fitness studios, sports academies covering the revenue growth of each sub-segment from 2016 to 2028.
The B2B sports nutrition market in Saudi Arabia is expected to witness CAGR of 8.6% in the coming years due to increase in government initiatives to support sports activities and presence of local distributors supplying B2B sports nutrition products in the country.
The Saudi Arabian government is taking various efforts to encourage people to participate in sports activities, which is expected to boost the market over the forecast period. As per Vision 2030, healthy lifestyle is being promoted in the country, aiming at increasing the percentage of people exercising at least once in a week from 13.0% to 40.0% of the overall population.
However, the ongoing COVID-19 pandemic is hindering the sales of sport nutrition products in the country owing to nationwide lockdown measures undertaken by the government, leading to the closure of gyms & retail outlets and shifting consumer preference toward healthy products catering to general wellness.
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Our clientele includes a mix of b2b sports nutrition market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia b2b sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia b2b sports nutrition market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia b2b sports nutrition market size, by distribution channel, 2016-2028 (US$M)
Saudi Arabia B2B Sports Nutrition Market Outlook Share, 2021 & 2028 (US$M)
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