Global Sports Nutrition Market Is Set for a Rapid Growth and is Expected to Reach USD 45.27 Billion by 2022
Sarasota, FL -- (SBWIRE) -- 06/13/2018 -- The sports nutrition market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2016 along with a forecast from 2017 to 2022 based on revenue(USD Billion). The study comprises drivers, restraints and opportunities for the sports nutrition market along with the impact on the demand over the forecast period.
Athletes and bodybuilders have been the major consumers for the global sports nutrition products over the years, however, there is tremendous adoption among lifestyle users. The major factors driving the demand for sports nutrition products globally are rapid urbanization, increasing health awareness among the consumers and rise in disposable income of the consumers.In developed countries, a higher percentage of the obese population is also a driving factor for this market. In addition, an increasing number of youngsters choosing a career in sports is also raising substantial demand for sports nutrition products coupled with an immense rise in national and international sports events is also expected to fuel this market within the forecast period.Availability of cheap counterfeit products and food safety issues are expected to restrain the growth in this market.Increasing demand from developing can be an opportunity for the growth in the sports nutrition market within the forecast period.
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The report provides the complete view of the sports nutrition market and encompasses detailed source portfolio and strategic developments of key vendors. To know the competitive landscape of the sports nutrition market, an analysis of Porter's five forces model is done. The study cover market attractiveness analysis, in which source segments, are specialized based on the market size, growth rate, and attractiveness.
On the basis of product type, sports nutrition market can be categorized into; sports food, sports drink &sports supplements. Major consumers of this market are athletes and body builders, however, the consumption of these products has increased among recreational and lifestyle users due to increased health awareness and disposable income. The global sports nutrition market was dominated by sports food and drinks with a market share of more than 81% in 2016. Sports food segment is expected to witness the fastest growing market at a CAGR of 9.4% within the forecast period fueled by the increasing demand for sports nutrition products among the recreational and lifestyle users. Sports supplements market is expected to be fueled by the increasing number of health clubs and fitness centers.
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The report provides a crucial view on the sports nutrition market by segmenting the market based on product type and region. Based on the product type sports nutrition market is segmented as sports food, sports drink & sports supplements. All the segments have been analyzed based on existing and future trends and the market is projected from 2017 to 2022. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
The report present comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Nestlé S.A., Middle EastGlanbiaplc, MaxiNutrition Ltd., Abbott Nutrition Inc., Yakult Honsha Co Ltd., The Coca-Cola Company, Reckitt Benckiser Group Plc, GNC Holdings Inc, Pepsi Co., Honsha Co. Ltd, etc.
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This report segments the sports nutrition market as follows:
Global Sports Nutrition Market: Product TypeAnalysis
Global Sports Nutrition Market: Regional Analysis
The Middle East
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