Sports Nutrition Market Anticipated to Attain Around $24.43 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.

According to a report,“Sports Nutrition Market Size, Share & Trends Analysis Report By Product (Drinks, Supplements, Foods), By Distribution Channel (E-Commerce, Brick & Mortar), By Region, and Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global sports nutrition market size is expected to reach USD 24.43 billion by 2025, expanding at a CAGR 9.7% over a forecast period. The market is majorly driven by growing demand for these products among sportsperson and athletes, rising consumer awareness, and increasing number of gyms and health & fitness centers across the globe that are involved in marketing of these nutritional products.

Key Takeaways from the report:

• The sports supplements segment is expected to experience the fastest CAGR of 10.5% over the forecast period owing to increasing health awareness among population and trend of self-diagnosis

• In 2017, bricks and mortar accounted for the largest revenue share in terms of distribution channel. However, e-commerce is poised to exhibit a lucrative CAGR of 12.4% over the forecast period

• North America represented the leading revenue share in 2017 owing to a large number of gyms and health & fitness centers and favorable initiatives encouraging sports participation

• Asia Pacific is projected to witness the highest CAGR of 13.0% over the forecast period

• The market is fairly competitive in nature with presence of key players including Glanbia Plc; Hormel Foods Corporation; General Nutrition Centers, Inc.; Abbott and Cardiff Sports Nutrition LTD; Nature’s Bounty; POST HOLDINGS, INC.; and Clif Bar & Company.

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Increasing number of research activities in the field and new product launches are some of the major factors contributing to market growth. Presence of large market players is facilitating widespread product availability, which in turn is likely to stir up the demand for these products. For instance, in 2018, Amazon launched a private label sports supplement brand called OWN PWR for U.S. consumers. Glanbia Plc; Hormel Foods Corporation; General Nutrition Centers, Inc.; and Abbott are the major competitors operating in this market.

Growing consumer base, rapid pace of urbanization, and increasing disposable income of households are among the key trends escalating the growth of the market. Furthermore, widening base of health conscious population, rising incidence of sedentary diseases, and favorable government initiatives towards health promotion are anticipated to foster the growth of the market over the coming years.

Grand View Research has segmented the global sports nutrition market on the basis of product, distribution channel, and region:

Sports Nutrition Product Outlook, (Revenue, USD Million, 2014 – 2025)

• Sports Drink

• Sports Supplements

• Sports Foods

Sports Nutrition Distribution Channel Outlook, (Revenue, USD Million, 2014 – 2025)

• E-commerce

• Bricks and mortar

Sports Nutrition Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • Spain

  • Italy

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • New Zealand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

• South Africa

• Saudi Arabia

• U.A.E.

Explore sports nutrition market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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