The
global Sports Nutrition Market size is expected to reach
USD 31.0 billion by 2027, registering a CAGR of 8.9% over the forecast period,
according to a new report by Grand View Research, Inc. Increasing importance of
an active lifestyle owing to rise in sedentary jobs and shift in demographic
base from core athletes to recreational athletes and lifestyle users are the
key factors expected to drive the market. Moreover, increasing number of health
and fitness centers and gyms, rising consumer awareness regarding the adoption
of a healthy lifestyle, and demand for these products from athletes is expected
to boost the market growth.
Further key findings from the report suggest:
Widespread
product availability due to the presence of large companies is expected to
drive the demand for these products. For instance, in 2018, Amazon launched its
private label sports supplement brand “OWN PWR” for U.S. consumers. Companies
such as Glanbia Plc; Abbott Laboratories Inc.; Neutra Science Labs; Hormel
Foods Corporation; and GNC Corporation are the key players operating in the
market. Moreover, favorable government initiatives to promote health, growing
base of health-conscious population, and rising awareness about sedentary
health risks further drive the market.
Moreover,
the U.S. population is becoming increasingly health-conscious and hence focuses
on adopting an active lifestyle. The International Health, Racquet &
Sportsclub Association (IHRSA), a Boston-based, commercial health clubs trade
association, reported a 3.6% rise in the number of health club members, from
55.3 million in 2015 to 57.3 million in 2016. The number of health clubs in
U.S. increased by 5.2%, from 36,540 in 2016 to 38,447 in 2017. These health
clubs and fitness centers have consulting dietitians, which influences the
consumption of sports nutrition products among trainers and fitness
enthusiasts.
Browse
Details of Report @https://www.grandviewresearch.com/industry-analysis/sports-nutrition-market
Further key findings from the report suggest:
- Sports supplements emerged
as the largest product segment in 2019 with a share of over 80.0% of the
global sports nutrition market owing to increasing commercialization of
these supplements and wide product range including creatine and whey
protein supplements
- On the basis of
distribution channel, bricks and mortar dominated the market in 2019 owing
to high consumer base for retail stores
- Ecommerce is projected to
be the fastest-growing segment over the forecast period owing to
increasing popularity of ecommerce platforms and the associated benefits
such as discounts and convenience
- North America dominated
the global market in 2019 due to growing awareness about nutritional
supplements and rise in government initiatives promoting sports-related
activities
- Key players operating in
the market include Glanbia plc; Hormel Foods Corporation; General
Nutrition Centers, Inc.;Abbott; The Coca-Cola Company; and Clif Bar &
Company.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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