The global sports nutrition market is projected to grow at a CAGR of 9.00% during the forecast period 2019 to 2024.
Sports Nutrition Market Description
Athletes and bodybuilders are the major utilizers of sport nutrition products enriched in essential nutrients such as carbohydrates, proteins, vitamins, and minerals. These products are manufactured in convenient forms and compositions and are distributed through numerous channels.
Sport nutrition is well recognized as an invaluable tool in any athlete’s training and competition programme. It is the single most complementary factor to any physically active individual or elite athlete. By focusing on type and quantity of nutritional food intake, sport nutrition products improve the performance of athletes.
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Sports Nutrition Market Analysis
The global sports nutrition market is hampered by availability of cheap counterfeit products and food safety issues. Whereas, narrow availability of products in under-developed countries is also restraining the market growth.
The global sports nutrition market has gained sustainable growth owing to evolving fitness trend and growing number of non-traditional users. Consumers worldwide are adopting healthy living and following fitness trends, especially across developed markets where healthy lifestyle aspirations have become more common. This is translating into an expanding consumer base for sports nutrition products. Furthermore, rise in health clubs and need for adequate nutritional content in food have nurtured the demand for the sports nutritional products.
The health clubs sell protein supplements, nutrition bars, energy drinks, and similar sports nutrition products. Some health clubs hire dieticians to help consumers with the selection of these products.
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Sports Nutrition Market Geography
By geography, the global sports nutrition market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
“North America is expected to account for the largest market for sports nutrition products, dominated by the U.S.”
“The Europe also represents a major market for sports nutrition products, led by the U.K., owing to increasing number of consumers opting for healthy lifestyles.”
Moreover, Asia-Pacific is the fastest growing market for sports nutrition products within the forecast period, fuelled by an increase in disposable incomes coupled with rapidly changing lifestyles.
Sports Nutrition Market Top Key Players
The leading players of the global sports nutrition market are Glanbia PLC, PepsiCo, Inc., Hormel Foods Corp., MusclePharm Corp, Power Bar, Inc., The Coco Cola Company, Nestle S.A, Clif Bar Company, Atlantic Multipower UK Limited, Ultimate Nutrition and Abbott Laboratories. Other prominent players of this market include Konzept Nutrition GmbH, SQUEEZY Sports Nutrition, BPI Sports Inc. and Body Attack Sports Nutrition GmbH & Co. KG. Among others.
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