30-Dec-2019 | Zion Market Research
Zion Market Research has released the latest report titled “Sports Nutrition Market (Sports Food, Sports Drink & Sports Supplements): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. As per the report, the global sports nutrition market summed up for USD 28.37 Billion in 2016 and is likely to reach USD 45.27 Billion by the end of 2022, growth of a CAGR at about 8.1% during 2017–2022.
The sports nutrition refers to the intake of nutrients like minerals, vitamins, organic substances, and supplements that comprise of proteins, carbohydrates & fats. The sports nutrition products, like sports food, sports drinks, & sports supplements are produced for and devoured by bodybuilders and sportspersons to increase their overall health, muscle growth, and performance. Primarily sports drinks are consumed by athletes to stock up the water level in the body. These products are progressively involved by lifestyle and recreational users. At present, the developing nations represent a great growth potential for such products on account of increasing disposable income, rapid urbanization, and a greater proportion of the young population.
Browse the full "Sports Nutrition Market (Sports Food, Sports Drink & Sports Supplements): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/sports-nutrition-market
The sports nutrition market is projected to witness momentous growth in the forecasted period due to increasing demand from lately emerging lifestyle and recreational users’ crowd. Additionally, surging health awareness coupled with the surging number of fitness centers and health clubs is also likely to spur this market in the estimated period. Besides this, rapid urbanization and surging disposable income enhanced with more and more purchasing sports nutrition products as healthy bites as a part of the diet are also anticipated to stimulate the development in the sports nutrition market. The higher number of inexpensive counterfeit products impacts sales of renowned companies and thereby, the availability of such products is expected to limit the expansion of the sports nutrition market. The growth of the distribution channel is also likely to be a chance for development in this market in the next six years.
The types of sports nutrition products comprise of sports drink, sports food, & sports supplements. Sports drinks section summed up for the major market share of the overall market during 2016 and is anticipated to be the major contributor in the next six years. The fast urbanization along with increasing disposable income is projected to boost the demand for sports drinks worldwide. Sports drinks were mostly utilized by athletes to refill the water level in the body but are experiencing mass adoption with lifestyle and recreational users. The market development for the sports drink section was over 6.9% through 2016. Nevertheless, the sports food segment is anticipated to experience the fastest growth in the next six years. The requirement for sports supplements is likely to increase by surging consumption amongst women and other households users due to rising awareness toward personal appearance.
In terms of geography, North America region is estimated to account for the main market for sports nutrition products and towered by the U.S. It has summed up for over 38% market share for sports nutrition products during 2016. The expansion in this region is primarily backed by benefits from high revenue, world-class fitness & athletics infrastructure. The sports nutrition market in Europe is set to portray a leading market for sports nutrition products, led by the U.K. and boosted by the surged number of customers choosing healthy lifestyles.
Asia-Pacific is the rapidly developing market for sports nutrition products in the forecasted time stimulated by an augmentation in disposable incomes along with rapidly altering lifestyles. Japan is anticipated to rule this region in the sports nutrition market. China is likely to attain the second-largest market share after Australia owing to a high percentage of the overweight or obese population. India is projected to experience the prominent growth in the next six years spurred by the increasing implementation of sports nutrition products among way of life & recreational users. Latin America and the remaining regions are estimated to report a healthy development in this market in the forecasted period.
Maxi Nutrition Ltd., Nestlé S.A., Yakult Honsha Co Ltd., GNC Holdings Inc, Abbott Nutrition Inc., Honsha Co., Glanbiaplc, Reckitt Benckiser Group Plc, The Coca-Cola Company, and Pepsi Co. are some of the key players in the plant growth market.
This report segments the sports nutrition market as follows:
Global Sports Nutrition Market: Product TypeAnalysis
Global Sports Nutrition Market: Regional Analysis
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