Global Sports Nutrition Market 2020 Industry Analysis, Key Players Data, Growth Factors, Share, Opportunities and Forecast to 2027

Sports nutrition is food products specifically designed for bodybuilders and athletes to improve the overall health of sports nutrition. These products act as a fuel that is required during intense workouts in order to increase performance and boost recovery. Sports nutrition are a convenient form of nutrition that can be easily consumed by sportsperson to improve their nutritional intake. The sports nutrients are produced from a vast range of natural ingredients such as milk, egg proteins, vegetable starches, fibers, sugars, vitamins, minerals, and herbs.

The global sports nutrition market is projected to surpass US$ 75.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 9.0% during the forecast period (2020 to 2027).

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Top Players In Sports Nutrition Market Industry: Maxinutrition, Glanbia, PepsiCo, GNC Holdings, Clif Bar & Company, The Coca-Cola Company, and Universal Nutrition

Geographically, the report remembers the exploration for creation, utilization, income, Sports Nutrition Market piece of the pie and development rate, and conjecture (2020-2027) of the accompanying regions:
• United States, China, Japan, India,Other Regions
• Europe(Germany, UK, France, Italy, Spain, Russia, Poland)
• Southeast Asia(Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
• Central and South America(Brazil, Mexico, Colombia)
• Middle East and Africa(Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Drivers
The rising consumer base of sports nutrition including sports person, bodybuilder as well as non-sports person aspire to lead health lifestyle is expected to augment the market growth of sports nutrition. Growth in the lifestyle users that consumer sports nutrition products to obtain a daily nutritional requirement and not fitness activity is projected to accelerate the market growth of sports nutrition over the forecast period.
Easy accessibility of sports nutrition products due to expanding retail channel is projected to foster the market growth of sports nutrition. According to the U.S. Department of Commerce, consumers spent US$ 601.75 billion online with U.S. merchants in 2019, up 14.9% from US$ 523.64 billion 2018. Hence, expansion in the retail channel is projected to foster the market growth of sports nutrition.

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Market Opportunities
An increasing number of health clubs and fitness centers along with the increasing number of members is expected to accelerate the market growth of sports nutrition. According to the International Health, Racquet & Sports club Association in 2018, U.S. gym industry revenue increased to US$ 32.3 billion, up from US$ 30 billion in 2017, a 7.8% growth. Moreover, in the USA, there were more than 6 billion gym visits to 39,570 facilities in 2018.

Detailed Segmentation:
• Global Sports Nutrition Market, By Product Type:
◦ Sports Food
◦ Sports Drinks
◦ Sports Supplements

Market Trends
The growing trend of consuming plant-based and vegan supplements is expected to accelerate the market growth of sports nutrition. For instance, in March 2020, UK sports nutrition brand Myprotein has launched a clear plant-based protein shake in the US market, to meet the growing consumer demand for vegan products. The Clear Vegan Isolate, which comes in powdered form, is available in two flavors: Coconut & Mango and Pear & Ginger.

Market Dynamics
The global sports nutrition market has witnessed significant growth in recent past years, owing to rising demand for nutritional intakes by professional athletes, bodybuilders, and players to boost the nutritional content in their diet in order to recover from weakness, exhaustion, stress, and other factors. In addition to this, rising health awareness among consumers across the globe is expected to drive the growth of the global sports nutrition market during the forecast period.

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This release was published on openPR.