The global sports nutrition market size is expected to reach
USD 24.43 billion by 2025, expanding at a CAGR 9.7% over a forecast period,
according to a new report by Grand View Research, Inc. The market is majorly
driven by growing demand for these products among sportsperson and athletes,
rising consumer awareness, and increasing number of gyms and health &
fitness centers across the globe that are involved in marketing of these
nutritional products.
Increasing number of research
activities in the field and new product launches are some of the major factors
contributing to market growth. Presence of large market players is facilitating
widespread product availability, which in turn is likely to stir up the demand
for these products. For instance, in 2018, Amazon launched a private label
sports supplement brand called OWN PWR for U.S. consumers. Glanbia Plc; Hormel
Foods Corporation; General Nutrition Centers, Inc.; and Abbott are the major
competitors operating in this market.
Growing consumer base, rapid pace of
urbanization, and increasing disposable income of households are among the key
trends escalating the growth of the market. Furthermore, widening base of
health conscious population, rising incidence of sedentary diseases, and
favorable government initiatives towards health promotion are anticipated to
foster the growth of the market over the coming years.
Browse full research report on Sports Nutrition Market:
Further Key Findings From the Report Suggest:
- The
sports supplements segment is expected to experience the fastest CAGR of
10.5% over the forecast period owing to increasing health awareness among
population and trend of self-diagnosis
- In
2017, bricks and mortar accounted for the largest revenue share in terms
of distribution channel. However, e-commerce is poised to exhibit a
lucrative CAGR of 12.4% over the forecast period
- North
America represented the leading revenue share in 2017 owing to a large
number of gyms and health & fitness centers and favorable initiatives
encouraging sports participation
- Asia
Pacific is projected to witness the highest CAGR of 13.0% over the
forecast period
- The
market is fairly competitive in nature with presence of key players
including Glanbia Plc; Hormel Foods Corporation; General Nutrition
Centers, Inc.; Abbott and Cardiff Sports Nutrition LTD; Nature’s Bounty;
POST HOLDINGS, INC.; and Clif Bar & Company.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/sports-nutrition-market/request/rs1
Grand View Research has segmented the global sports nutrition
market on the basis of product, distribution channel, and region:
Sports Nutrition Product Outlook, (Revenue, USD Million, 2014
- 2025)
- Sports
Drink
- Sports
Supplements
- Sports
Foods
Sports Nutrition Distribution Channel Outlook, (Revenue,
USD Million, 2014 - 2025)
- E-commerce
- Bricks
and mortar
Sports Nutrition Regional Outlook (Revenue, USD Million, 2014
- 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- Italy
- France
- Asia
Pacific
- China
- Japan
- India
- Australia
- New
Zealand
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle
East & Africa
- South
Africa
- Saudi
Arabia
- U.A.E.
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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