Sports Nutrition Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 06/08/2015 -- U.S.-based market research and analysis company Transparency Market Research announces the release of new market study. The new report, titled 'Sports Nutrition Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020', discusses the historical statistics regarding the global market for various sports nutrition products and presents informed projections for the global sports nutrition market's potential growth between 2014 and the end of 2020.
Browse the full Sports Nutrition Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/sports-nutrition-market.html
According to the data presented in the report, accumulated through primary and secondary sources and industry-specific publications, the global market for sports nutrition products is set to grow to a total value of US$52.55 billion by 2020. The market was worth less than US$30 billion in 2013, and the expected value will be attained at a robust CAGR of 8.5% from 2014 to 2020. The total volume of the global sports nutrition market was 8.58 billion kg in 2013 and is expected to end up at 14.67 billion kg by 2020, increasing at a CAGR of 8%.
The lack of inflation in the coming years, indicated by the similarity in the market's CAGR by volume and by revenue, will benefit the global sports nutrition market hugely in the coming years. Developing economies in Asia Pacific and Rest of the World, where the average consumer has historically not been sufficiently affluent and informed to play a major role in the global sports supplements market, are now the main target of multinational sports nutrition product manufacturers due to the growing population and per capita income in these regions. The expected lack of inflation in the sports nutrition market will benefit the market in this regard, as growing dispensable income will allow the average consumer to purchase sports nutrition products easily.
However, the lack of uniformly present official distribution channels is hurting the sports nutrition market in these very regions at present, since substitutes are available at much lower rates. This is reflected in the regional breakdown of the global sports nutrition market presented in the report, where the Asia Pacific sports nutrition market was valued at just US$5.91 billion in 2013, but emerged as the fastest growing region in the global market during the forecast period. The report employs Porter's five forces analysis to evaluate the risk posed to the global market by substitutes and new entrants, and its result on the bargaining power of suppliers as well as buyers and the competitive rivalry in the market.
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The report also presents a detailed breakdown of the global market according to product type. The major products in the global sports nutrition market are sports drinks, which dominate the market with total volume reaching 8.21 billion liters in 2013, sports food, which is expected to be the fastest growing product segment with an expected CAGR of 9.6% in the forecast period, and sports supplements, which occupy about 10% of the market by revenue and are expected to exhibit steady progress between 2014 and 2020.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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