Transparency
Market Research (TMR) has recently published a report on the global
sports nutrition products market, according to which, the market
is anticipated to rise at a healthy CAGR of 8.50% during the period
from 2014 and 2020. The research report, titled “Sports Nutrition
Products Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020,” projects this market to increase
from a total value of US$30.0 bn in 2013 to an estimated value of
US$52.5 bn by the end of the forecast period.
In
terms of volume, the worldwide market produced 8.6 bn kg of sports
nutrition products in 2013. Analysts expect the production volume of
this market to expand at a CAGR of 8.0% between 2014 and 2020 to
stand at 14.7 bn kg by 2020.Sports nutrition products are primarily
consumed by sportspersons, athletes, and bodybuilders to boost their
strength in order to enhance their performance. These products mainly
include proteins, vitamins, minerals, carbohydrates, and fats. The
global market for sports nutrition products is witnessing a surge in
demand, thanks to the increasing interest of youth in sports. The
growing awareness among people regarding fitness and healthcare is
also propelling the global sports nutrition products market
significantly.
The
report evaluates the worldwide sports nutrition products market on
two fronts: Product and region. Based on product, the market has been
categorized into sports drinks, sports supplements, and sports food.
In terms of demand and consumption, sports drinks lead this market.
In 2013, 8.2 bn liters of sports drinks were consumed across the
world. However, in the coming years, sports food is likely to witness
a high rise in terms of demand among consumers. The segment is
estimated to register a CAGR of 9.60% during the forecast period.
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Regionally,
the report has segmented the worldwide sports nutrition products
market into Asia Pacific, Europe, North America, and the Rest of the
World. North America has been leading this market since the last few
years. In 2013, the regional market attained a valuation of US$10.5
bn. The increasing awareness regarding fitness and the increasing
interest of the younger generation in sports are fueling the demand
for sports nutrition products in this region. Analysts anticipate
this market to maintain its dominance over the forecast period.
Europe
acquired the second position in the global market in 2013. The
regional market is projected to rise at a CAGR of 8.20% over the
forecast period and reach a value of US$15.4 bn by the end of 2020.
Asia Pacific, however, is likely to register the fastest growth among
all the regional markets during the same time period, notes the
research study.
Pepsi
Co., Reckitt Benckiser Group Plc, GNC Holdings Inc., The Coca-Cola
Co., Abbott Nutrition Inc., Monster Beverage Corp., Nestlé S.A.,
Yakult Honsha Co Ltd., Glanbia Plc, and MaxiNutrition Ltd. are the
major international manufacturers of sports nutrition products
profiled in this research report.
The
global market for sports nutrition products is segmented into:
By
Products
- Sports Food
- Sports Drinks
- Sports Supplements
By
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
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