Amid the growing health awareness, people are increasingly indulging in sports and physical activities. Moreover, government initiatives to encourage physical activity are increasing. U.S. Department of Health and Human Services’ (HHS) Healthy People 2030 is the 10-year plan for addressing the most critical public health priorities and challenges.
The program aims to improve health and well-being by helping people of all ages get enough aerobic and muscle-strengthening activity. These initiatives should boost the sports and athletic goods market. According to Persistence Market Research, the global sports and athletic market is estimated to grow at a 5.5% CAGR from 2023 to 2033.
