Australia Sports Nutrition Market Size & Outlook
Australia sports nutrition market, 2018-2030 (US$M)
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Australia sports nutrition market highlights
- The Australia sports nutrition market generated a revenue of USD 1,287.4 million in 2023 and is expected to reach USD 2,019.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, meal replacement products was the largest revenue generating product in 2023.
- Sports Foods is the most lucrative product segment registering the fastest growth during the forecast period.
Sports nutrition market data book summary
| Market revenue in 2023 | USD 1,287.4 million |
| Market revenue in 2030 | USD 2,019.2 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Meal replacement products |
| Fastest growing segment | Sports Foods |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Supplements, Sports Drinks, Sports Foods, Meal Replacement Products, Weight Loss Product |
| Key market players worldwide | Iovate Health Sciences International, Abbott Laboratories, Quest Nutrition, PepsiCo Inc, Mondelez International Inc Class A, The Coca-Cola Company, MusclePharm Corp, The Bountiful Company, Post Holdings Inc, Nestle SA |
Other key industry trends
- In terms of revenue, Australia accounted for 2.8% of the global sports nutrition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sports nutrition market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,223.5 million by 2030.
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Sports Nutrition Market Scope
Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 sports nutrition market will help companies and investors design strategic landscapes.
Meal replacement products was the largest segment with a revenue share of 51.72% in 2023. Horizon Databook has segmented the Australia sports nutrition market based on sports supplements, sports drinks, sports foods, meal replacement products, weight loss product covering the revenue growth of each sub-segment from 2018 to 2030.
Growing health consciousness is a key factor driving the demand for 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 sports nutrition market.
Since reopening, majority of the gyms are witnessing 90% attendance of that of the pre-COVID era. Increase in the number of partnerships between both new and established players is further aiding 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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Our clientele includes a mix of sports nutrition market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Australia sports nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia sports nutrition market size, by product, 2018-2030 (US$M)
Australia Sports Nutrition Market Outlook Share, 2023 & 2030 (US$M)
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