Sports Nutrition Market Report 2020, Growth, Trends, Size, Share, Key Players and Forecast Till 2025
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
The competitive landscape of the market has been examined, with some of the key players being Coca-Cola Company, Abbott Nutrition Inc., PepsiCo Inc., Glanbia Plc., Reckitt Benckiser Group Plc, Yakult Honsha Co. Ltd., Post Holdings Inc., GNC Holdings Inc., Clif Bar & Companys, Otsuka Pharmaceutical Co., Ltd., Atlantic Multipower UK Limited, GlaxoSmithKline PLC, Olimp Laboratories Sp. Z o. o., Ultimate Nutrition Inc. and PowerBar Europe GmbH.
Global Sports Nutrition Market Trends:
Athletes and bodybuilders have remained the major end users of the global sports nutrition market for several years. However, on account of rapid urbanization, hectic and sedentary lifestyles, and the growing prevalence of lifestyle diseases, such as obesity and diabetes, there is a shift among individuals toward an active lifestyle. Therefore, there is a rise in the demand for protein bars, energy drinks and dietary supplements across the globe. This can also be accredited to the inflating income levels, growing influence of social media and the rising number of gyms and fitness centers. Furthermore, the easy availability of nutritional supplements, owing to the burgeoning e-commerce sector, is also strengthening the market growth. Looking forward, the market value is projected to reach US$ 23.5 Billion by 2025, expanding at a CAGR of 6.8% during the forecast period (2020-2025).
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Key Market Segmentation:
Market Breakup by Product Type:
1. Sports Food
2. Sports Drinks
3. Sports Supplements
Based on the product type, the market has been segmented into sports food, drinks and supplements. Sports drinks exhibit a clear dominance in the market.
Market Breakup by Raw Material:
1. Animal Derived
On the basis of the raw material, the market has been segregated into animal-derived, plant-based and mixed.
Market Breakup by Distribution Channel:
1. Hypermarkets and Supermarkets
2. Convenience Stores
3. Drug and Specialty Stores
The market has been analyzed on the basis of the distribution channel into hypermarkets and supermarkets, convenience stores, drug and specialty stores, online, and others. Amongst these, hypermarkets and supermarkets account for the majority of the total market share.
Market Breakup by Region:
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
Region-wise, North America enjoys the leading position in the market. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.
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