Global Sports Nutrition Market estimated to cross USD 39 billion by 2025

Oct 26, 2020 (Market Insight Reports): According to the new market research report “Global Sports Nutrition Market By Distribution Channel (Fitness Institutions, Large Retail & Mass Merchandisers, Small Retail, Drug & Specialty Stores, Online), By Type (Creatine, BCAA, Protein Powder, Iso Drink Powder, Supplement Powder, RTD Protein Drinks, Protein Bars, Carbohydrate/Energy Bars, Iso & Other Sports Drinks, Carbohydrate Drinks), By Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2020 – 2025)”, published by Market Data Forecast, The global Sports Nutrition Market Size was worth USD 15.6 billion in 2019 and is foreseen that it will reach a valuation of USD 39.2 billion by 2025 at a CAGR of 8.7% during the outlook period.

Market Overview:

The demand for sports nutrition has seen solid growth in recent years, and the main consumers of sports nutrition products have been athletes and bodybuilders, but today non-traditional consumer groups are also turning to sports nutrition, especially around a young demographic profile. The sports nutrition market is accelerating as the health awareness of the population increases. New product development, rapid increase in urbanization, and growth of numerous stores, gyms, fitness centers and gyms are also driving this business growth.

Impact of COVID 19 on Sports Nutrition Market

The market for sports nutrition market has seen a great growth in the recent years due to increase in health conscious among people and change opinion o fitness and fitness and health. The market will also see growth during the coronavirus pandemic in 2020 because of the rising consumption of sports nutrients to enhance the immune system.

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Market Drivers and Restraints:

Increased awareness of fitness, gym and healthy diet is expected to continue to play an important role in driving demand for sports nutrition market. Also, as the number of young people choosing sports career increases, there is a significant increase in the demand for sports nutrition products. People are gradually moving towards a healthy lifestyle that includes not only a nutritious diet, but also maintaining physical fitness. Athletes and bodybuilders have been the main consumers of the global sports nutrition market for many years. Lifestyle and Recreation Users have recently emerged as a profitable user group in the sports nutrition industry. These groups are expected to gain significant market share during the outlook period. There has been a tremendous increase in national and international sporting events since the last decade, which is expected to continue to be a key driver of market growth. More and more people buy sports nutrition products as healthy snacks or quick meal replacements, which explains the growing sales of sports nutrition. While the highest revenues from the global sports nutrition market are concentrated in developed regions, the market in developing countries is also likely to show strong growth due to population growth and lifestyle improvements. When a large number of nutritional products are available on the market, consumer preferences often evolve between different brands and products. This will continue to be a great challenge for the constant growth of the market. The extreme expansion of distribution channels is another factor hampering the business. The negative promotion of some products following the banning of certain ingredients is also estimated to pose a long-term challenge for the growth of the global sports nutrition market.

Market Segmentation Analysis:

By type of product, the Sports Nutrition market can be segmented into sports drinks, sports meals and sports supplements.

Sports Nutrition Products for recreation and lifestyle users is expected to be driven by an increasing number of health clubs and gyms.

Browse in-depth TOC on Sports Nutrition Market @ https://www.marketdataforecast.com/market-reports/sports-nutrition-market/table-of-contents

Regional Insights:

Europe is expected to see significant growth in this market over the next six years, driven by attractive lifestyle users who believe that sports nutrition products are suitable for an active and healthy lifestyle. In the Asia Pacific region, China and India are supposed to see remarkable market growth due to increased consumption of sports nutrition products by recreational and lifestyle users.

Recent Developments:

  • In February 2018, Optimum Nutrition launched the first plant protein powder. Called ON Gold Standard 100% Plant, which is made from a blend of organic peas, rice, and sacha inchi protein and provides 24 grams of protein per serving

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