According to the United Nations Department of Economic and Social Affairs (UNDESA), the urban population in Asia Pacific countries was 1.9 billion in 2013, and this is expected to reach 3.3 billion by 2050.
New York, NY -- (SBWIRE) -- 04/14/2015 -- According to a new market report published by Persistence Market Research "Global Market Study on Sports Supplements: Protein Powder witness highest share in product segment by 2020", the global Sports Supplements market was valued at USD 6,800.8 million in 2013 and is expected to grow at a CAGR of 9.1% from 2014 to 2020, to reach an estimated value of USD 12,449.6 million in 2020.
Browse the full Global Market Study on Sports Supplements: Protein Powder witness highest share in product segment by 2020. report at http://www.persistencemarketresearch.com/market-research/sports-supplements-market.asp
The global sports supplements market is growing at a steady rate mainly due to increasing consumer awareness about physical health. Sports supplements are also viewed as dietary supplements by most consumers, and taken in the form of capsules, pills, powders, gel caps, granules, and tablets. Some of the sports supplements are performance enhancers, muscle builders, meal replacement powders, and weight gainers. Sports supplements are mainly consumed by bodybuilders and athletes to enhance their athletic performance and stamina level. Rising number of fitness centers, health clubs, and urbanization are some of the key drivers for the sports supplements market. Sports supplements are also used to replace meals and manage weight. Wide availability of sports supplements at various places such as fitness clubs, pharmacies, health food stores, and supermarkets provide consumers with easy access to such products. This creates high market penetration for sports supplements products. With developments in the field of e-commerce, sports supplements are sold directly to end customers
North America holds the largest market share for sports supplements, followed by Europe and Asia Pacific. Developed markets in the U.S. and European countries dominate the sports supplements market. However, change in the purchasing pattern of sports supplements in developing nations is expected to challenge the monopoly of the developed market
The sports supplements market is segmented into by product (protein powder, RTD protein supplements, other protein supplements and non-protein supplements) and by regions (North America, Europe, Asia Pacific and Rest of the World). The global market for sports supplements in value term grew from USD 5,314.4 million in 2010 to USD 6,800.8 million in 2013, and is expected to grow to USD 12,449.6 million in 2020 growing at a CAGR of 9.1%. Protein powder holds the largest share in sports supplements market and this segment is projected to increase from USD 4715.8 million in 2014 to USD 8065.7 million in 2020, at a CAGR of 9.4%.
Request Sample Report at http://www.persistencemarketresearch.com/samples/3034
The Sports Supplements market is segmented as follows:
1) Sports Supplements Market, by product
RTD Protein Supplements
Other Protein Supplements
2) Sports Supplements Market, by Region
Rest of the World (RoW)
Visit our blog at http://pmrblog.com/
About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.