Spain Sports Nutrition Market Size & Outlook, 2023-2030
Spain sports nutrition market, 2018-2030 (US$M)
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Spain sports nutrition market highlights
- The Spain sports nutrition market generated a revenue of USD 666.4 million in 2023 and is expected to reach USD 1,124.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.8% 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 666.4 million |
| Market revenue in 2030 | USD 1,124.3 million |
| Growth rate | 7.8% (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, Spain accounted for 1.5% 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 Europe, UK sports nutrition market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,572.7 million by 2030.
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Sports Nutrition Market Scope
Sports Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 55.04% in 2023. Horizon Databook has segmented the Spain 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.
Rising awareness about health, wellbeing, & fitness; growing dependence on sports supplements; and increasing prevalence of obesity are some of the major factors expected to boost the sports nutrition market in Spain over the forecast period.
According to Obesity Update 2017 by OECD, the rate of obesity in the country in 2010 was about 15%, which is expected to reach nearly 21% by 2030. The Spanish government is working on implementing strict regulations on advertisements of food products, which is likely to reduce prevalence of obesity in the country.
Advertisements on food products are banned in schools in Spain. Thus, presence of strict regulations to reduce obesity and increased focus of manufacturers on launching sports nutrition products, such as supplements & foods, are factors expected to drive market growth during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain sports nutrition market , including forecasts for subscribers. This country databook contains high-level insights into Spain sports nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain sports nutrition market size, by product, 2018-2030 (US$M)
Spain Sports Nutrition Market Outlook Share, 2023 & 2030 (US$M)
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