NEW YORK, April 18, 2019 (GLOBE NEWSWIRE) -- The global sports nutrition market is likely to generate a demand of USD 64.8 billion by 2025, at a CAGR of 8.6% over the next seven years. Rising health consciousness across the globe coupled with rapid urbanization and increasing disposable income is expected to accelerate the market demand over the forecast period. Moreover, increasing number of fitness centers and health clubs is expected to further drive the market growth.
Nutrition plays a major role in supporting the competition demands in any sport. The sports nutrition market comprises of sports food, sports drinks and sports supplements. Sports nutrition products refer to energy bars and drinks, protein bars, vitamins, minerals, supplements, among others.
Key findings from the report:
- The global sports nutrition market is likely to reach USD 64.8 billion by 2025
- The sports drink segment held the major share of the market in 2018, and is likely to witness a healthy CAGR over the forecast period
- North America dominated the global market in 2018, and is expected to retain its dominance during 2019-2025
- Some of the key companies operating in the industry include Glanbia Plc; Abbot; Cardiff Sports Nutrition LTD.; Clif Bar & Company; Post Holdings, Inc.; General Nutrition Centers, Inc.; Nature’s Bounty; MUSCLEPHARM; Optimum Nutrition Inc.; PepsiCo Inc.; The Coca-Cola Company among others
Expanding consumer base of sports nutrition products to augment the market growth
Growing health consciousness is the major factor driving the growth of sports nutrition market. While the core consumer group of sports nutrition are athletes, the market has witnessed high growth in the non-conventional consumer group. This segment comprises of general consumers including seniors, and body weight concerned consumers, who want to improve their health. The emergence of new sports nutrition users is primarily being witnessed in the developed markets. These lifestyle users are generally affluent consumers who invest heavily in fitness and healthy lifestyle.
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Sports nutrition market - Regional insight
North America dominated the global market for microbial fuel cell in 2018, and is projected to maintain its dominance over the next seven years. The aforementioned growth can be primarily attributed to the increasing number of gyms and & fitness centers, and increasing number of lifestyle users in the region. Asia-Pacific is expected to grow at significant CAGR over the forecast period, owing to increasing disposable income and growing awareness regarding the sports nutrition products.
The report segments the sports nutrition market on the basis of type, distribution channel, and region.
By Type
- Sports Foods
- Sports Drinks
- Sports Supplements
By Distribution Channel
- Supermarkets and Hypermarkets
- Drug and Specialty Stores
- E-commerce
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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