Growing Health Consciousness And Number Of Health & Fitness Centers Boost The Growth Of The Sports Nutrition Market

Author : Acumen Research and Consulting

The global sports nutrition market can be segmented into product, distribution channel and region. Product based segmentation of the global sports nutrition market can further be divided into sports drink, sports supplements and sports foods. On the basis of distribution channel, the global sports nutrition market is bifurcated into e-commerce and bricks and mortar. Region based segmentation of the global sports nutrition market can be categorized into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.

The development of the market is highly influenced by the increasing numeral of health & fitness centers, as they are related with underwriting of sports and fitness nutrition products among their separate shoppers. In emerged economies like the United States, data reflects that there is a development in mindfulness with respect to physical wellness among the populace, which has been energizing the need for these items.

These have led to an increasing demand for different sorts of protein bars, caffeinated beverages, and dietary enhancements among muscle heads and competitors. This is one of the key elements stirring the development of the market. Rising disposable income and quick pace of urbanization have additionally been pushing the market.

It is being expected that with a CAGR growing at 10.5%, the global sports nutrition market is all set to reach a market size of around USD 25.2 billion by the year 2026.

One of the challenges that can be expected to threaten the development of the global sports nutrition market is the complex regulatory scenario and threat of sale of counterfeit items.

Here are some more points to help explain further about the global sports nutrition market:

  • The major revenue contributor of the market in 2017 was North America by 36.0%. The factors pushing the development of this market include the growing consciousness of the populace towards health, expanding number of gyms and health & fitness centers, and changing consumer behaviour towards for healthful items are a portion of the essential development stimulants for the market in the area. Additionally many of the major players of this market based in this market region.
  • The main players of the global sports nutrition market include GNC Corporation, Abbott Laboratories Inc.;The Coca-Cola Company;Neutra Science Labs;Nestlé S.A;Yakult Honsha Co Ltd;and Monster Beverage Corporation.

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