South Africa Sports Nutrition Market Size & Outlook
South Africa sports nutrition market, 2018-2030 (US$M)
Related Markets
South Africa sports nutrition market highlights
- The South Africa sports nutrition market generated a revenue of USD 292.1 million in 2023 and is expected to reach USD 525.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, sports supplements 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 292.1 million |
| Market revenue in 2030 | USD 525.5 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Sports supplements |
| 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, South Africa accounted for 0.6% 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 Middle East & Africa, Saudi Arabia sports nutrition market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 442.1 million by 2030.
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Sports Nutrition Market Scope
Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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.
Sports supplements was the largest segment with a revenue share of 55.46% in 2023. Horizon Databook has segmented the South Africa 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.
The public health authorities in South Africa are actively spreading awareness about the importance of exercising or physical activities through various health campaigns. The government has been increasingly investing to provide free outdoor public gyms to increase access to fitness facilities.
Thus, increasing adoption of healthy lifestyle is expected to boost the demand for sports nutrition products in the country. However, South Africa sports nutrition market is expected to witness slow growth over the forecast period, due to the pandemic, economic downturn, and high prices of sports nutrition products.
Ultimate Sports Nutrition and Evox Ltd. are some of the significant players operating in the South Africa sports nutrition market owing to their strong foothold in nutrition product categories, such as protein powders & sports protein bars, and strong online presence, which enables consumers to sign up on the website to order personalized sports nutrition products & gain access to attractive offers on price & promotions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into South Africa sports nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa sports nutrition market size, by product, 2018-2030 (US$M)
South Africa Sports Nutrition Market Outlook Share, 2023 & 2030 (US$M)
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