Fueling Performance: The Rise of the Sports Supplement Market
The global sports supplement market size is anticipated to reach USD 76.94 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.1% from 2024 to 2030. Increasing number of health clubs and fitness centers and urbanization are the key driving factors in the market. Some of the important trends observed in the market are growing demand for caffeine-free products and increasing investment by the companies in product development. Demand for supplements has increased globally due to growing health concerns. Moreover, the need for sports supplements has been increasing from the past few years. Earlier athletics and sports activities were limited to teenage and young people. However, from the last few years, it has been observed that participation of children in such activities has been increasing. Parents are also supporting their children to participate in sports events to promote their overall development, thereby encour...