The Sports Nutrition Market share, Segment Overview, Global: |Forecast 2027|
Sports
Nutrition Market Overview
The MRFR report suggests that the global sports
nutrition market will record a robust CAGR of approximately 10.5% during the
review timeframe.
Sports nutrition refers to the practice and
study of diet and nutrition to enhance anyone's athletic performance. Nutrition
is a vital aspect of several sports training regimens, being popular in
strength sports such as bodybuilding and weightlifting and endurance
sports such as rowing, swimming, running, and cycling. It focuses on
the type and amount of food and fluids an athlete takes. Additionally, it deals
with consuming nutrients such as organic substances,
minerals, vitamins, and supplements. The global sports
nutrition market has witnessed an enormous rise in
the growth rate in recent times. The market's growth is mainly credited to
population growth across the globe. Furthermore, factors such as introducing
new fixes in sports nutrition products, an increase in disposable money,
increasing customer health consciousness, and rapid urbanization are also
anticipated to catalyze the market's growth over the coming years. On the other
hand, the wellness awareness among people and widespread negative perceptions
among the global population is estimated to hinder the market's growth over the
forecasted period.
Key Players
Below are the key companies that provide sports nutrition
products in the global market:
·
Universal Nutrition
·
Maxi Nutrition
·
CATAPULT
·
EXOS
·
PepsiCo Inc.
·
The Coca-Cola Company
·
Multipower
·
Glanbia PLC
·
MusclePharm Corporation
·
Clif Bar & Company
Covid-19 Analysis
With the rise of the Covid-19 impact, many
large-scale businesses and industries suffered, except healthcare and life
support products. The lockdown and physical distancing protocols have affected
millions of small and big business institutions alike. Countries across the
globe have been deploying efforts to halt the spread of the epidemic, ranging
from countrywide quarantines to the closing of public facilities like gyms.
It included the entire shutdown of sports clubs
& fitness facilities, which had a significant negative impact on the sports
nutrition market growth. But, with global health agencies like WHO urging
customers to improve their immunity to avoid getting COVID-19,
immunity-boosting nutritional products are predicted to gain prominence.
Since competitions such as the Olympics and UEFA promoted the intake of sports
nutrition products and provided a platform for supplier marketing, their
rescheduling is projected to have a negative influence on market development
temporarily.
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Segment Overview
The global sports nutrition market is classified
into many segments, such as type and end-user. Listed below are the sports
nourishment products market segments:
By Type
·
Sports food
·
Bar
·
Drinks
·
Supplements
By End-user
·
Body Builders
·
Athletes
·
Commercial
·
Recreational Users
Regional Analysis
The sports nutrition market analysis division
comprises North America, Europe, Asia Pacific, and the rest of the world.
Europe has the highest share in the Sports
Nutrition Market and is predicted to expand at a
stable CAGR over the forecast years. The Asia-Pacific market is estimated to
develop at a significant CAGR from (2016-2027) too. North America is also
predicted to develop at a rapid pace.
Customers' busy lives in the Asia Pacific
countries, notably in India and China, are laying the groundwork for sports
nutrition foods as a quick meal alternative to fulfil hunger and offer
nutrition following sports or exercise. Also, these goods may be consumed
anywhere conveniently, saving time. The Chinese population wishes to live a
healthy lifestyle. The expanding snacks habit among the nation's
health-conscious people boosts the need for sports nourishment, particularly
energy & protein bars.
Fitness professionals in the area are also
propelling the industry with a variety of needs, like muscle growth, endurance
improvement, and increased fat reduction, and many others, allowing firms to
expand the sports nutrition industry.
NOTE: Our Team of Researchers are Studying Covid19
and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
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Market Research Future (part of Wantstats Research
and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York
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