Sports Nutrition Market by Type, Distribution Channel, Region, Growth and Demand Forecast to 2022
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The increasing health concerns, such as obesity and awareness of physical appearances among all consumers groups is driving the demand for sports nutrition products. The emergence of new consumer base, such as recreational and lifestyle users are being increasingly targeted by the sports nutrition manufacturers. The manufacturers are developing innovative products to cater to wide consumer requirements, depending upon their tastes and preferences.
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The demand for sports nutrition product is being widened by high and growing proportion of obese and overweight population, globally. The obesity epidemic continues to spread in the top 10 countries of the Organization for Economic Co-operation and Development (OECD), with around 18% of all adults in the region being overweight, according to OECD’s 2014 report. Over one out of three adults in the U.S., Mexico, and New Zealand, and more than one out of four in Australia, Canada, Chile, and Hungary are obese. In contrast, obesity rate is only between 2% and 4% of adults in the Asian countries. According to the World Health Organization (WHO), more than half of global obese population lives in 10 countries including the U.S., Egypt, Germany, Mexico, Russia, Brazil, Pakistan, Indonesia, China, and India.
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The key companies operating in global sports nutrition market include Glanbia Plc, PepsiCo. Inc., Abbott laboratories, GNC Holdings, The Coca Cola Company, GlaxoSmithKline, Clif Bar & Company, Universal Nutrition, Creative Edge Nutrition Inc., and Monster Beverage Company.
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