Global Sports Nutrition Market to Grow at 9.1% CAGR by 2020


Posted June 17, 2015 by pramodsing4

There have been numerous reports of sports supplement manufacturers using new dietary ingredients in supplements that have not been tested for their safety and efficacy.

 
The rising awareness towards fitness and physical health has helped the growth of the global sports supplement market. In 2013, the market was worth US$6,800.8 million and is forecast to grow at a CAGR of 9.1% during the period between 2014 and 2020. By the end of 2020, the global sports supplement market is expected to generate annual revenue of US$12,449.6 million.

Lack of Regulatory Bodies Major Drawback for Global Sports Supplements Market
Though sports dietary supplements were initially targeted at athletes to support their heightened nutritional requirements, the rising number of people conscious about their health and physique has fueled the growth of the global sports supplement market. The increasing number of health clubs and fitness centers has helped the market considerably. However, the lack of proper regulatory bodies can negatively affect the global sports supplement market.
There have been numerous reports of sports supplement manufacturers using new dietary ingredients in supplements that have not been tested for their safety and efficacy. The Food and Drug Administration (FDA) has recently warned 14 sports supplement companies to not use DMBA (1,3-dimethylbutylamine), a drug that raises blood pressure, in their products. Such factors have helped paint a bad picture of the market among the masses. Expanding distribution channels are one of the major challenges faced by the organized sports supplement market. Substitute products are now easily competing with sports supplements products, thereby affecting the growth of the market.
Browse the full Global Sports Supplements Market report: http://www.mrrse.com/sports-supplements-market
The increasing urban population in Asia Pacific is expected to open a huge opportunity for the global sports supplement market. Manufacturers are promoting their products through advertizing in various sports events and endorsements by famous sportspersons. This will further boost the expansion of the market. Sport supplements are usually available at health food stores, supermarkets, and pharmacies. However, it has recently been observed that consumers prefer to purchase products through ecommerce. This new trend will shake up the distribution channels of the global sports supplement market.
Protein Powder the Largest Product Segment in Global Sports Supplements Market
The overall market has been segmented on the basis of the products offered into protein-based supplements and non-protein based supplements. Protein-based supplements have been further sub-segmented into protein powder and ready-to-drink (RTD) protein supplements. Protein powder is the largest product segment in the global sports supplement market and is estimated to grow at a CAGR of 9.4% from 2014 to 2020. This segment is expected to be valued US$8,065 million by 202
Asia Pacific to Provide Strong Growth Opportunity for Global Sports Supplement Market
Globally, the sports supplement market has been segmented into Europe, Asia Pacific, and North America. North America is the leading region of the global sports supplement market, followed by Europe and Asia Pacific. The U.S. and Canada contribute majorly towards the growth of the overall market in this region. However, the robust demand for sports supplement from the developing economies in Asia Pacific is expected to challenge the North American market. Countries such as India, Japan, Australia, and China are forecast to contribute substantially to the growth of the market in this region.
Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Scope and Definition
1.2.1 Segments covered in the report
1.3 Research Methodology
Chapter 2 Market Synopsis
Chapter 3 Porter’s Five Forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Threat of New Entrants
3.3 Bargaining Power of Buyers
3.4 Threat of Substitutes
3.5 Rivalry among Competitors
Chapter 4 Industry Overview
4.1 Introduction
4.2 Market Drivers
4.2.1 Growing concern towards health and fitness is driving the sports supplements market
4.2.2 Increasing number of fitness centers, health clubs, and their members is expected to drive the sports supplements market
4.2.3 consumer base offering huge potential for growth of Growing sports supplements market
4.2.4 Impact analysis of growth drivers
4.3 Market Restraints
4.3.1 Lack of proper regulatory bodies can hamper the growth of sports supplements market
4.3.2 Expanding distribution channel is one of the challenges for sports supplements market
4.3.3 Sports supplements facing challenges from substitute products
4.3.4 Impact analysis of market restraints
4.4 Opportunity
4.4.1 Increasing urban population in Asia Pacific region is expected to provide growth opportunity for sports supplements market
4.4.2 Growing product visibility through promotions at sports events
4.5 Market Trend
4.5.1 Shifting consumer purchasing pattern towards online platform
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Chapter 5 Market Size and Forecast by Product
5.1 Protein-Based Supplements
5.1.1 Protein Powder
5.1.2 Ready-to-Drink (RTD) Protein Supplements
5.2 Nonprotein-Based
Chapter 6 Market Size and Forecast by Geography
6.1 North America
6.1.1 The U.S
6.1.2 Canada
6.2 Europe
6.2.1 The U.K.
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.3 Asia Pacific
6.3.1 Australia
6.3.2 Japan
6.3.3 China
6.3.4 India
Chapter 7 Competitive Scenario
Chapter 8 Company Profiles
8.1 NBTY, Inc.
8.1.1 Company overview
8.1.2 Products and services
8.1.3 Financial performance
8.1.4 Recent developments
8.2 MaxiNutrition
8.2.1 Company overview
8.2.2 Products and services
8.2.3 Financial performance
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Last Updated June 17, 2015