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Sports Nutrition Market to Expand at a Healthy CAGR of 5.2% through 2022
Sports Nutrition Market
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It is a science of supplying targeted nutrition as required to perform a sporting skill consistently. Sports nutrition includes various products in form of powder, bar, drink, etc. These products are usually made using protein-rich ingredients providing energy and improving immunity.
Growth of the sports nutrition market ride the coattails of developments and growth in a number of health clubs, gyms that continue to spread health-consciousness among the common people,. Hence, this is expanding the demographic base for sports nutrition, leading to the increasing awareness of nutrition among casual users for an active lifestyle, thereby driving sports nutrition market expansion.
Key players in the sports nutrition market are focused toward research of new ingredients, especially natural and organic ingredients. Natural sweeteners are also being used on a large scale to produce various sports nutrition products. Increasing consumption of processed foods that include very low nutrient value is also driving the growth of sports nutrition market in order to meet the nutrition requirement.
The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Sports Nutrition Market. They are a part of the estimations of the opportunities in various segments.
The additional new opportunities have turned the Sports Nutrition Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments. The research report published by Fact.MR on the Sports Nutrition Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Sports Nutrition market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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After reading the Sports Nutrition report, readers get insight into:
• Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
• New, promising avenues in key regions
• New revenue streams for all players in emerging markets
• Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
• Demand and uptake patterns in key industries of the Sports Nutrition
• New research and development projects in new technologies in key regional markets
• Technologies and business models with disruptive potential
Regional analysis includes
• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
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5 Key Highlights on Global Sports Nutrition Market
1. North America is expected to be dominant in the global sports nutrition market. The market is estimated to reach close to US$ 4,000 million value by the end of 2022. Increasing participation in sports activities with the development of sports infrastructure and obesity as a significant health concern among people, the sports nutrition market in North America is expected to witness steady growth.
2. Europe is expected to emerge as the second largest market in sports nutrition. The region is anticipated experience above average growth during 2017-2022
3. Powder sports nutrition products are likely to emerge as one of the highly preferred products in sports nutrition. Towards the end of 2017, powder sports nutrition products are expected to gain around two-third of the revenue share on global revenues.
4. With the increasing prevalence of obesity and overweight, weight management is expected to be the most adapted and important approach towards a healthy lifestyle. Hence, sports nutrition will witness high adoption in weight management. Weight management as a function type in sports nutrition is estimated to reach nearly US$ 4,500 million revenue towards the end of 2022.
5. Institutional sales is likely to emerge as one of the biggest distribution channels for sports nutrition. Towards the end of 2022, institutional sales of sports nutrition is projected to bring in nearly US$ 2,700 million revenues. Meanwhile, online stores are also expected to witness significant growth during the forecast period.
Some important questions that the Sports Nutrition report tries to answer exhaustively are:
• Key strategic moves by various players in the Sports Nutrition in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
• Which strategies will enable top players in the Sports Nutrition to expand their geographic footprints
• Which new business models are expected to change the course of growth of key regional markets in near future
• Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
• Which products segments have in recent years have seen new, lucrative application areas
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Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.
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