Singapore Sports Nutrition Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 7.1% from 2023 to 2033
• The Singapore Sports Nutrition Market Size is Expected to hold a significant share by 2033

The Singapore Sports Nutrition Market Size is anticipated to hold a significant share by 2033, Growing at a CAGR of 7.1% from 2023 to 2033. The increasing awareness about health & fitness, inclination towards preventive healthcare, and increased risk of various diseases are driving the Growth of the sports nutrition market in Singapore.     

Market Overview

Sports nutrition refers to the nutrition for enhancing athletic performance. It focuses on eating a balanced diet that comprises of correct mix of fuel (calories) from fats, proteins, and carbs. The various functions of sports nutrition in meeting the body’s energy needs include enhancing immune function, increasing energy storage and utilization, weight control, and improving muscle quality. Protein powders and sports drinks are the most popular types of sports nutrition items. Further, consumers also utilize additional supplements such as RTD protein drinks, energy bars, sports vitamins, and ISO drink powder. The increasing economic growth and emphasis on health management are driving the market for sports nutrition in order to improve the quality of life. Furthermore, the increasing popularity of sports and sports food and innovative changes in the sports industry are escalating the market growth. For instance, modern biotechnology including fermentation engineering is used for the production of sports nutrition.

Report Coverage

This research report categorizes the market for the Singapore sports nutrition market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore sports nutrition market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore sports nutrition market.

Driving Factors

The consumers' growing desire for an active and healthy lifestyle is driving the market. Further, the younger customers’ growing preference for fitness as a major part of their life and their increasing adoption of protein supplements are propelling the market. The adoption of sports nutrition involving eating habits with the aim of preventive care is propelling the market growth. The increasing awareness about the significance of nutrition in health and performance as well as the nutritional interventions in combination with physical exercise for effectively reducing the risk of different chronic diseases are anticipated to drive the sports nutrition market.

Restraining Factors

The high cost of premium sports nutrition products is challenging the Singapore sports nutrition market. Further, the concerns regarding synthetic additives, artificial sweeteners, and chemical ingredients in some sports nutrition products hinder its adoption, thereby restraining the market.

Market Segmentation

The Singapore Sports Nutrition Market share is classified into type, end user, and sales channel.

• The protein powder segment accounted for the largest revenue share of the Singapore sports nutrition market in 2023.

The Singapore sports nutrition market is segmented by type into energy bars, protein powder, ISO drink powder, sports supplements, RTD protein drinks, sports drinks, and others. Among these, the protein powder segment accounted for the largest revenue share of the Singapore sports nutrition market in 2023. Protein powders are used by bodybuilders, athletes, and consumers as a necessary supplement as they are constantly looking for nutrient-dense supplements that help with weight management and muscle repair.

• The athletes segment dominated the Singapore sports nutrition market with the largest market share in 2023.       

Based on the end user, the Singapore sports nutrition market is divided into athletes, bodybuilders, and lifestyle users. Among these, the athletes segment dominated the Singapore sports nutrition market with the largest market share in 2023. Sports nutrition are important part of sports performance among young athletes, allowing optimal growth and development. The increasing initiatives towards sports-related activities and awareness about health & fitness are contributing to propel the market growth.

• The hypermarket/supermarket segment dominates the market with the largest market share in 2023.

The Singapore sports nutrition market is segmented by sales channel into hypermarket/supermarket, specialty stores, fitness centers, and online channels. Among these, the hypermarket/supermarket segment dominates the market with the largest market share in 2023. Supermarket/hypermarket offer a wide selection of products including nutrition supplements. The widespread accessibility and consumer convenience for purchasing products from hypermarket/supermarket are driving the market expansion.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore sports nutrition market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Abbott Laboratories
• Glanbia plc
• GNC Holdings Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, the Singapore nutraceutical market leans towards premium, science-backed products, with consumers refusing to compromise on quality and efficacy, even under the pressure of inflation.

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Sports Nutrition Market based on the below-mentioned segments:

Singapore Sports Nutrition Market, By Type

• Energy Bars
• Protein Powder
• ISO Drink Powder
• Sports Supplements
• RTD Protein Drinks
• Sports Drinks
• Others

Singapore Sports Nutrition Market, By End User

• Athletes
• Bodybuilders
• Lifestyle Users

Singapore Sports Nutrition Market, By Sales Channel

Hypermarket/Supermarket

• Specialty Stores
• Fitness Centers
• Online Channels