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Sports Supplements Market - Reporting and evaluation of recent industry developments
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In terms of value, the global sports supplements market is anticipated to grow from US$ 7,396.2 Mn in 2014 to US$ 13,579.4 Mn by 2021, expanding at a CAGR of 9.1% during the forecast period (2015–2021). Rising adoption of natural ingredients and healthy food is driving overall market growth. Apart from regular users such as athletes and sports persons, a popularity of body building and general fitness have enticed the general population into using sports supplements.
On the basis of product, the market is segmented into protein and non-protein products. In 2014, the protein products segment was valued at US$ 5,398.1 Mn and is expected to account for US$ 5,881.0 Mn by the end of 2015. The non-protein products segment was valued at US$ 1,998.1 Mn in 2014 and is expected to reach US$ 2,165.6 Mn by the end of 2015.
On the basis of distribution channel the market is segmented into health food stores, supermarkets, fitness clubs, pharmacies & drug stores, and online. In 2014, the health food stores segment was valued at US$ 2,404.0 Mn and is expected to reach US$ 4,312.4 Mn by the end of 2021. The segment is expected to register a CAGR of 8.7% during the forecast period. The online segment is expected to register the fastest CAGR of 10.1% during the forecast period, followed by fitness clubs at 9.9%.
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Key players in the global sports supplements market include NBTY, Inc., MaxiNutrition, Glanbia Plc., GNC Holdings, Inc., Universal Nutrition, Creative Edge Nutrition, Inc., Herbalife Ltd., Plethico Pharmaceuticals Limited, Enervit S.p.A. and Scitec Nutrition.
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