Global Market Study on Sports Supplements: Bridging the Nutritional Gap


Sports Supplements  Market
  • Published On : Oct-2019 |
  • Pages : 217 Pages |
  • Format : Sports Supplements  Market Sports Supplements  Market Sports Supplements  Market Sports Supplements  Market

Sports, fitness clubs, gyms are the targeted places where a number of sportsmen, athletes, and gym freaks practice every day. Professional athletes and bodybuilders are trained under the guidance of coaches and experts. For these professional athletes, players, and bodybuilders, the need for nutritional intake depends on the body weight and the strength of exercise. Each individual has different goals according to their sports type and fitness desire or as recommended by coaches or experts of respective fields. The experts and coaches are highly aware of the sports supplements available in the market and which is suitable for an individual. The experts mostly recommend products on the basis of nutritional content and ingredients used in the sports supplements. Considering an increasing number of fitness clubs and gyms across the globe along with growing health consciousness among consumers, manufacturers of sport supplements are focusing on improving their promotional strategies to attract a large segment of customers.

Increased Consumer Awareness for Preventative Healthcare

Decreasing nutritional content of food products and their inability to fulfill the nutritional need of the human body is leading to weakness, anxiety, depression, and other health-related issues. In addition, a busy lifestyle and long working hours are being barriers to healthy eating. Although large group of millennial demographic tends to follow their traditional diet patterns, busy routines give a way to fast-food solutions. Due to all these factors, people are not able to fulfill nutritional needs of the body. As a solution to this nutritional gap, consumers are inclining towards nutritional products or sports supplements to maintain their health and fulfill nutritional needs. One spoon of sports supplements can provide sufficient nutrition, which can maintain the energy level of the human body for the entire day. These factors are creating a demand for sports supplement products throughout the globe.

Growing Awareness of Healthy Lifestyle

Increasing climatic changes, busy lifestyles, and changing food habits are affecting human health as well as, food, water, air, and weather. Owing to these factors, people are becoming health conscious, and are focusing on exercises and consumption of nutritional food and supplements to strengthen energy level and to maintain a balanced diet. Besides, urbanization is growing widely across the globe. Standard lifestyles, employment, and ease in daily life practices are attracting the rural population towards urban areas leading to crowd culture. As a part of maintaining health and fitness, people are preferring nutritional supplements, which is giving a boost to the global sports supplement market.

North America and Europe Hold Prominent Market Positions

North America is one of the prominent regions for the sports supplements market, owing to the highest number of consumers and huge market space. With relatively high disposable income and changing lifestyles of the consumers, North America is further likely to offer greater opportunities for sport supplements market players. Organic sports supplements are also contributing high value shares to the overall market. In addition, non-protein sports supplements have higher prices than protein supplements, and North America is witnessing increased demand for non-protein products.

In European countries, consumers are highly aware of health and fitness. Besides, consumers have high disposable incomes, are health consciousness, and aware about nutritional supplements. Developed countries such as the U.K, Germany, France, Italy, and others have a well-established market for sports supplements. The European sports supplements market is expected to grow at a CAGR of ~ 7% in the forecast period.

Analyst’s Viewpoint

A comprehensive view of the global sports supplements market has led our analysts to conclude that the market is growing at a healthy growth rate, with North America and Europe holding a large chunk of the global consumption of sports supplements. The market is gaining further boost from increasing usage of new and innovative flavored sports supplements. The demand for protein-based sports supplements in all sectors will continue to grow and it will remain for a long time. Technological innovations and adaptation of new technologies by leading market players will give a thrust to the global sports supplements market.

Companies with research and development abilities and expertise in the use of technology will gather momentum and effectiveness in the global sports supplements market. Leading market players who are adopting an acquisition strategy and investing in research, marketing and promotion will continue to grow and have a vast market revenue share. However, high cost of sports supplements could restrain the growth of the market in the coming years.

The latest market report by Persistence Market Research on the global sports supplements market, evaluates opportunities and current market scenario, and provides insights and updates about corresponding segments involved in the global sports supplements market during the forecast period of 2019-2029. The study provides a detailed assessment of the key market dynamics and detailed information about the global sports supplements market structure. The detailed market study provides exclusive information about how the global sports supplements market will grow during the forecasted period.

The primary objective of the global sports supplements market report is to provide insights into the opportunities in the market that are consistently supporting transformation of global businesses that are associated with sports supplements. It is very important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand analysis and evaluation of the global sports supplements market, and to discover equitable opportunities.

The study on the global sports supplements market also provides an estimation of the global sports supplements market and corresponding revenue forecast carried out in terms of absolute dollar opportunity. It also offers actionable insights based on future trends in the global sports supplements market. Furthermore, new and emerging businesses in the global sports supplements market can make use of the information presented in the study to make wise business decisions, which will provide the momentum to the business as well as sports supplements market.

The study is relevant for all manufacturers, suppliers, distributors, and investors in the global sports supplements market. This will provide them required boost to grow in the market. All stakeholders in the global sports supplements market, investors, industry experts, researchers, journalists as well as business researchers can leverage the information and data represented in PMR’s study.

Key Segments of the Global Sports supplements Market

PMR’s study on the global sports supplements market offers information divided into 4 important segments-type, nature, sales channel, and region.

Type

Nature

Sales Channel

Region

Protein

  • Powder
  • Bars
  • Ready to Drink

Organic

Hypermarkets/Supermarkets

North America

Non-Protein

  •  Amino Acids
  • Creatine
  • Beta Alanine & L- Carnitine

Conventional

Specialty Stores

Latin America

Pharmacy & Drug Stores

Europe

Online Retail

South Asia

Others

East Asia

Oceania

MEA

Key Questions Answered in PMR’s Global Sports supplements Market

  • Which region will have the highest market share in the global sports supplements market over the forecasted period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global sports supplements market?
  • Which are the global trends in the sports supplements market that are impacting the market?
  • What strategies need to adopt by the emerging players in the global sports supplements market to capture the opportunities in various regions?
  • What is the market structure of the global sports supplements market?

Global Sports supplements Market: Research Methodology

PMR is committed in providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. The unique research methodology is utilized to conduct extensive research on global sports supplements market and reach conclusions on the future growth factors of global sports supplements market. The research methodology uses primary research methods coupled with the secondary research methods, which ensures accuracy and reliability of conclusions.

A demand-side approach is followed to estimate sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Sports Supplements Market Report

Company Profiles:

  • Glanbia plc
  • Hormel Foods Corporation
  • GNC HOLDINGS, INC.
  • GlaxoSmithKline plc.
  • Post Holdings Inc.
  • Herbalife Nutrition Ltd.
  • Muscle Pharm
  • Enervit
  • Freedom Foods Group Ltd.
  • Atlantic Grupa
  • Twinlab Consolidated Holdings Inc.
  • Lovate Health Sciences International Inc.
  • Scitec Nutrition
  • Samworth Brothers
  • Clif Bar & Company
Back To Top