The Global Sports Nutrition Market was valued at $24.25B in the base year 2020, and is projected to reach $47.92B by 2027, with a CAGR of 10.2% during the forecast period (2017-2027). The major factor attributing to the growth in sports nutrition market is the growing popularity of fitness, self-care and preventive medication among people.
The mounting cases of lifestyle diseases such as obesity and diabetes are rapidly increasing across the globe. In addition, long working hours and a busy lifestyle are posing several challenges in healthy eating patterns and thus, leading to anxiety, weakness, depression, and other health-related issues.
Therefore, to serve this nutrition gap, consumers are rapidly inclining towards nutritional products and sports supplements which is thereby impacting the growth of global sports nutrition market.
USANA Health Sciences, Inc. (NYSE: USNA) develops, manufactures, and sells science-based nutritional and personal care products. The company offers USANA nutritional products that comprise essentials/CellSentials, such as vitamin and mineral supplements that provide a foundation of total body nutrition for various age groups; optimizers comprising targeted supplements that are designed to meet cardiovascular, skeletal/structural, and digestive health needs; and foods that include meal replacement shakes, snack bars, and other related products, which provide macro-nutrition. It also provides Celavive, a skin care regimen for various skin care types and ethnicities; and other products for prenatal, infant, and young child age groups. In addition, the company offers materials and online tools to assist associates in building their businesses, as well as in marketing products. It offers its products directly in the Asia Pacific, the Americas, and Europe, as well as online. The company has a research collaboration agreement with Beijing University of Chinese Medicine for research in the field of traditional Chinese medicine.
Torque Lifestyle Brands Inc. (OTC: TQLB) is focused on driving performance through acquisitions and by advancing original brands in the rapidly growing supplemental nutrition marketplace.
Torque recently announced that rapidly growing supplements brand GLAXON (www.glaxon.com) has placed a $4 million purchase order with Zero Torque Manufacturing LLC (“Zero Torque”), Torque’s majority-owned Joint Venture.
GLAXON is one of the fastest growing and most innovative brands in the active nutrition space. That growth has been driven by disruptive thought-provoking branding, product education, and transparent supplements that provide lifestyle solutions. GLAXON products have already received multiple industry awards in less than two years since launch.
Zero Torque Manufacturing is the lead manufacturer for GLAXON products. GLAXON has given Zero Torque an initial purchase order to produce and deliver $4 million of GLAXON branded supplement products over the next six (6) months, with the final delivery associated with this order scheduled for May 2022.
This purchase order follows the recent announcement of a partnership between GLAXON and GNC, one of the world’s largest global health and wellness brands. According to related communications, GLAXON will work with GNC to accelerate speed to market of its cutting-edge nutrition solutions and service the health and wellness goals of millions of consumers nationwide.
Herbalife Nutrition Ltd. (NYSE: HLF) offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. It offers weight management products, including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutrition products, which include functional beverages, and dietary and nutritional supplements that contain herbs, vitamins, minerals, and other natural ingredients; outer nutrition products, such as facial skin, body, and hair care products; and energy, sports, and fitness products comprising N-R-G tea and energy drink products. The company also provides literature, promotional, and other materials that include start-up kits, sales tools, and educational materials. It offers its products through independent service providers and sales representatives, as well as through company-operated retail platforms.
