Abbott Laboratories

NYSE:ABTUnited States

May 21, 2024

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• Global Sports Nutrition Market Projected to Reach $78 Billion as Muscle Repair & Growth Becoming Vitally Important, from 8:45AM ET on Tuesday May 21, 2024 by Dow Jones

  8:45AM ET on Tuesday May 21, 2024 by Dow Jones
  Companies Mentioned: MNST, ABT, CELH, MUSL, BRBR
  
  Global Sports Nutrition Market Projected to Reach $78 Billion as Muscle Repair & Growth Becoming Vitally Important
  
  PALM BEACH, Fla., May 21, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The sports nutrition market is experiencing significant growth due to the evolving preferences of consumers seeking healthier and tailored nutritional options and for maintaining muscle growth during weight loss. The sports nutrition market is experiencing robust growth due to increasing consumer awareness about the importance of fitness and healthy lifestyles. Industry players are emphasizing innovation in product development to meet the rising demand for personalized nutrition solutions. Key growth drivers include a surge in health-conscious consumers, a growing fitness culture, and a rising interest in sports activities. The market is witnessing a shift toward natural and organic ingredients, with companies striving to provide clean-label products that align with the preferences of a discerning consumer base. A report from Allied Market Research said that the global sports nutrition market generated $43,651.8 million in 2023 and is anticipated to generate $78,427.5 million by 2032, witnessing a CAGR of 6.7% from 2023 to 2032. The report said: "Despite the positive momentum, regulatory complexities pose challenges, necessitating significant investments in research and development for compliance. However, these challenges also open doors for businesses to distinguish themselves through transparent, high-quality offerings. The expanding reach of e-commerce further unlocks opportunities, allowing companies to tap into a broader consumer base and capitalize on the increasing trend of online health and wellness purchases." Active biotech and pharma companies in the markets this week include Promino Nutritional Sciences Inc. (OTCPK: MUSLF) (CSE: MUSL), Abbott (NYSE: ABT), Celsius Holdings, Inc. (NASDAQ: CELH), Monster Beverage Corporation (NASDAQ: MNST), BellRing Brands, Inc. (NYSE: BRBR).