Global Sports Nutrition Market is expected to grow at a CAGR of 9% during 2021-2026

According to the MarkNtel Advisors' research report, "Global Sports Nutrition Market Analysis, 2021," the market is expected to grow at a CAGR of 9% during (2021-26). Rapid Urbanization and a fast-moving lifestyle have fueled the demand for sports nutrition products to enhance physical fitness.

Mounting prevalence of lifestyle-related issues like cardiovascular diseases, including heart attacks & strokes, is causing consumer inclination towards seeking an active lifestyle. Further, the growing demand for protein bars and energy drinks among the athletes and younger population is aiding the growth of the sports nutrition market.

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Key questions answered in the study
1. What are the current and future trends in the Global Sports Nutrition market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the nations, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Sports Nutrition Market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Sports Nutrition market service providers across various regions?

Impact of Covid-19
Due to the Covid-19 outbreak, the sports nutrition market has witnessed a downfall in its growth due to lockdowns & social distancing norms that have resulted in the shutdown of gyms, clubs, and stadiums, thereby reducing the possibility of exercising & other sports competitions.

The decline in these activities has affected the demand for sports nutrition products. Further, unemployment & reduced incomes have shifted the priority of consumers towards necessities and caused restricted spending on non-essentials. However, rising concerns towards immunity boost are also increasing the consumption of nutrition products. Thus, based on these factors, it is predicted that the market will witness significant growth over the forecast period.

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"Global Sports Nutrition Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Sports Nutrition providers across the globe.

Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters. It will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

E-Commerce Segment Exhibits Fastest Growth
Based on the distribution channel, the E-commerce segment is likely to grow significantly during the forecast period owing to the rising number of self-directed consumers & easy availability of all products at discounted rates. Most market players are more focused on strategizing their online sales to fuel the popularity of the channel.

Further, due to the spread of coronavirus, consumer engagement in e-commerce has increased as it is a convenient buying mode. Thereby, the segment is likely to contribute to the Global Sports Nutrition market growth in the forecast period, reveals MarkNtel Advisors in their research report, "Global Sports Nutrition Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the global Sports Nutrition market are GlaxoSmithKline PLC, Pepsi Co, Inc., The Coca-Cola Company, MusclePharm Corporation, Reckitt Benckiser Group plc, Abbott Laboratories Inc, Otsuka Holdings Co, Ltd., Glanbia Plc., Optimum Nutrition, Clif Bar & Company, Hormel Foods Corporation, GNC Holdings Inc., Post Holdings, Inc., YAKULT, Multipower.

Market Segmentation:
1. By Product (Protein Powder, Iso Drink Powder, Supplement Powder, Protein Bars, Carbohydrate/Energy Bars, Carbohydrate Drinks, Tablets/Capsules, RTD Protein Drinks, Iso Drinks, Other Supplements)
2. By Raw Material (Animal Derived, Plant-Based, Mixed)
3. By Distribution Channel (Pharmacies/Drug Stores, Supermarkets/Hypermarkets, Departmental/Retail Stores, Direct Selling, E-Commerce, Fitness Institutions)
4. By End-User (Athletes, Bodybuilders, Recreational Users, Lifestyle Users)
5. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
6. By Country (U.S, Canada, Brazil, Argentina, Mexico, Germany, France, The U.K, Spain, Italy, China, India, Japan, Australia, Saudi Arabia, South Africa)
7. By Competitors (Pepsi Co, Inc., GlaxoSmithKline PLC, The Coca-Cola Company, Abbott Laboratories Inc, Reckitt Benckiser Group plc, Otsuka Holdings Co, Ltd., Clif Bar & Company, Glanbia Plc., Optimum Nutrition, Hormel Foods Corporation, Post Holdings, Inc., GNC Holdings Inc., YAKULT, Multipower, MusclePharm Corporation)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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