Sports Nutrition Market 2021 Know about Influencing Factors by Focusing on Top Companies
Consumers are actively indulging in fitness sports or fitness activities for maintaining physical fitness and at the same time-consuming nutritious health products thereby driving growth in the sports nutrition market. There is increased demand for protein bars, dietary supplements, and energy drinks, particularly among athletes and bodybuilders.
According to ResearchCMFE,” Sports Nutrition market is projected to grow at a CAGR of 10.2% to reach USD 43.4 billion by 2026 from 22 billion in 2019.”
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The research report analyses the ecosystem of Sports Nutrition and categorizes the Sports Nutrition Market to forecast the revenues and analyze the trends in each of the following below mentioned market segments.
By End User,
• Recreational Users
• Lifestyle Users
• Protein Powder
• Iso Drink Powder
• Supplement Powder
• RTD Protein Drinks
• Sports Drinks
• Carbohydrate Drinks
• Protein Bars
• Energy Bars
By Distribution Channel
• Large Retail & Mass Merchandisers
• Small Retail
• Drug & Specialty Stores
• Fitness Institutions
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The Asia Pacific accounted for the largest share of the Sports Nutrition market. The region is also projected to witness a higher product demand in the coming years on account of increasing population, rising incidence of other lifestyle-related diseases, shifting consumer preferences, and changing lifestyle habits.
Rising disposable income coupled with health consciousness and growing consumer awareness for improving health and fitness in major Asia- Pacific countries such as Japan, China, India, Malaysia, Singapore, South Korea, and Indonesia has contributed to the growing market of Sports Nutrition in this region. Improving digital infrastructure has also led to growth in online sales of sports nutrition products in the Asia Pacific market.
Snapshot of Drivers, Restraints, Opportunities, and Challenges of Sports Nutrition Market
• The growing trend of health consciousness amongst consumers
• Increase in the number of gyms and fitness centers.
• The emergence of e-commerce
• Competition from other traditional health products
• Availability of cheap counterfeit products
• New production technologies
• Consumer concerns regarding side effects of certain Sports Nutrition after its prolonged usage or in large quantities
Company Profiles and Competitive Intelligence Covered in Sports Nutrition Market Report are:
Ultimate Nutrition Inc., Abbott Nutrition, Inc., Glanbia Plc., Reckitt Benckiser Group Plc., Yakult Honsha Co., Ltd., Post Holdings, Inc., GNC Holdings, Clif Bar & Company, Otsuka Pharmaceutical Co., Ltd., Hormel Foods Corporation, Stokely-Van Comp, Inc., MusclePharm., AirStrip Technologies, Science in Sport, The Hut Group, Cardiff Sports Nutrition Ltd, PowerBar
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About Research CMFE:
Research CMFE was formed with the aim of making market research a significant tool for managing breakthroughs in the industry (Chemicals and Materials, Food & Beverages, Energy & Power). As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built Research CMFE to raise the standards of research support.
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