Press release
Europe Sports Nutrition Market-Growth, Trends, and Forecast (2018-2023)
Europe Sports Nutrition
The European sports nutrition market is expected to register a CAGR of 8% during the forecast period.
The major drivers augmenting the growth of Europe sports nutrition market are the growing geriatric population and rising healthcare costs in Europe. The demand for natural ingredients in sports nutrition products is increasing. In Europe, the use of alternative medicines and particular food supplements continues to increase significantly.
Europe Sports Nutrition Market Dynamics
Europe sports nutrition consumers are demanding plant-based products in line with vegetarian or vegan diets. However, whey protein powder is still the most popular sports nutrition product, being the core ingredient in more than 50% of the products in Europe.
Furthermore, flavor is a major innovative factor in the sports nutrition market of Europe, to attract new consumers. Flavors like tropical fruits and coffee are primarily preferred by the consumers. Ingredients like berries and seaweeds are among the new ingredients available in the market.
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Europe Sports Nutrition Market Segmentation
Consumers are constantly looking for convenience goods that can be easily consumed while travelling. The convenience factor offered by protein bars is the primary reason for high sales of the product in the Europe sports nutrition market. Other factors include price and the introduction of a variety of flavors.
Moreover, vendors often position these products as meal replacement options, making them more attractive.
Regional Analysis of Europe Sports Nutrition Market
The European Union is the second largest market with respect to market growth. Major contributing countries include Germany, Italy, and France. Italy is the leading revenue contributor of the European Sports nutrition market, due to increasing adoption of dietary supplements, rising awareness about their health benefits, and promotional activities by pharmacists to promote a healthy lifestyle.
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Key Developments in the European Sports Nutrition Market
Jan 2018 – Nutrend DS announced the launch of its new product Magneslife strong. This product has a high content of Magnesium, targeting athletes.
Competitive Landscape of the European Sports Nutrition Market
Major Players – Abbott Laboratories, Amway Corporation, Atlantic Multipower, Glanbia. Plc, MaxiNutrition Ltd, Nutrend DS, Reckitt Benckiser Group plc, Sanofi SA, The Coca-Cola Company and Ultimate Nutrition, among others.
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Reasons to Purchase the European Sports Nutrition Market Research Report
Analyzes the market outlook with the help of recent trends and Porters five forces analysis
Provides market dynamics, considering the factors affecting the present market scenario and growth opportunities in the coming years
Contains market segmentation analysis, including qualitative and quantitative research that incorporates the impact of economic and non-economic aspects
Affords regional- and country level- analysis integrating the demand and supply forces that are influencing the growth of the market
Gives an overview of the competitive landscape with the market share of major players and the key strategies adopted for development in the past five years
Includes comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Guaranteed 3 months analyst support along with the Market Estimates sheet in excel.
Customization of the European Sports Nutrition Market Research Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure that you get a report suitable for your needs.
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