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Sports Nutrition Market to Grow at 7% CAGR by 2024 | IMARC Group

According to the latest report by IMARC Group, titled “Sports Nutrition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global sports nutrition market is currently experiencing moderate growth. Sports nutrition products refer to a category of food supplements that aim to enhance the athletic performance of individuals. These products offer a convenient way to support an active lifestyle. They provide fuel for physical activity, facilitate the repair and rebuilding process, and optimize performance. They aid in supplying the necessary nutrients, energy and fluids to keep the body hydrated and functioning under pressure, which helps in reducing the impact of injury, physical fatigue and delayed recovery. As a result of these benefits, sport nutrition products have emerged as an effective and safe way of maintaining a healthy lifestyle over the years.

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Global Sports Nutrition Market Trends:

The primary factor driving the sports nutrition market is the growing fitness consciousness, owing to the prevalence of chronic diseases. This, in confluence with the rising healthcare expenditure, is driving the demand for sports nutrition products worldwide. Apart from this, the incorporation of natural as well as plant-based ingredients and the introduction of vegan alternatives is also increasing their acceptability among consumers who follow special diets. Further, a significant rise in the number of casual or recreational consumers, professional bodybuilders and athletes, along with the increasing number of young people opting for sports as their career, is strengthening the market growth. Looking forward, the global sports nutrition market size is expected to grow at a CAGR of around 7% during 2019-2024

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Key Market Segmentation Includes:

Market Breakup by Product Type:

1. Sports Food
2. Sports Drinks
3. Sports Supplements

Based on the product type, the market has been segmented into sports food, drinks and supplements. At present, sports drinks dominate the market, holding the largest share.

Market Breakup by Raw Material:

1. Animal Derived
2. Plant-Based
3. Mixed

On the basis of the raw material, the market has been classified into animal derived, plant-based and mixed sports nutrition products.

Market Breakup by Distribution Channel:

1. Hypermarkets and Supermarkets
2. Convenience Stores
3. Drug and Specialty Stores
4. Online
5. Others

The market has been segregated on the basis of the distribution channel into hypermarkets and supermarkets, convenience stores, drug and specialty stores, online and others. Currently, hypermarkets and supermarkets exhibit a clear dominance in the market.

Market Breakup by Region:

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

Region-wise, the market has been divided into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Presently, North America is the leading market, holding the majority of the global share.

Competitive Landscape:

The report has also examined the competitive landscape of global sports nutrition market. Some of the major players in the market are The Coca-Cola Company, Abbott Nutrition Inc., PepsiCo Inc., Glanbia Plc., Reckitt Benckiser Group Plc., Yakult Honsha Co. Ltd., Post Holdings Inc., GNC Holdings, Clif Bar & Company, Otsuka Pharmaceutical Co. Ltd., Atlantic Multipower UK Limited, GlaxoSmithKline PLC, Olimp Laboratories, Ultimate Nutrition Inc., PowerBar Europe GmbH, etc.

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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imarcgroup

imarcgroup

IMARC is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.