Global Sports Nutrition Market 2017-2021
About Sports Nutrition
Sports nutrition products are manufactured to supplement essential nutrients that enhance performance, increase physical strength, build muscle, and improve the overall well-being of consumers. Historically, they were consumed by only traditional users such as athletes, sports people, and bodybuilders. However, owing to the growing consciousness about health and fitness, consumers of all categories are increasingly consuming sports nutrition products. The global sports nutrition market is witnessing an increased number of product launches in different formats, mainly driven by convenience.
Technavio’s analysts forecast the global sports nutrition market to grow at a CAGR of 8.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports nutrition market for 2017-2021. To calculate the market size, the report considers the sales of various sports nutrition products such as sports protein powder, sports protein RTD, sports protein bars, and other protein products and non-protein products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Nutrition Market 2017-2021
Technavio recognizes the following companies as the key players in the global sports nutrition market: Atlantic Multipower UK, CLIF Bar & Company, Glanbia, ProAction, and Weider Global Nutrition.
Other Prominent Vendors in the market are: PepsiCo, GlaxoSmithKline, BPI Sports, Class Delta, Champion Performance, CytoSport, Ultimate Nutrition, Active Nutrition International, Monster Energy Company, and Reflex Nutrition.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of innovative ingredients. Consumers purchase sports nutrition products for various benefits, such as muscle building, energy and recovery, weight loss, and testosterone support. To further increase the sales, sports nutrition manufacturers are introducing various innovative ingredients to enhance the benefits of their products.”
According to the report, one driver in the market is expansion of distribution channels. The increase in demand for sports nutrition products has expanded their distribution channels. These products are one of the largest and fastest growing categories in both retail and online channels. They are also gaining attention in mainstream and mass market outlets. Some natural product retailers also sell various sports nutrition products to cater to their growing demand. For example, the New York-based Natural Body offers sports nutrition products under various categories, including amino acids, muscle builders, and energy.
Further, the report states that one challenge in the market is concerns about quality of ingredients. The use of additives and cheap quality ingredients in sports nutrition products have raised concerns among consumers. Further, the inclusion of genetically modified organisms (GMO) in such products have also affected the market adversely. It has also been observed that many sports nutrition products contain banned substances, such as anabolic steroids and banned stimulants, which are harmful to human health. Although there is a strict ban on using such harmful substances, sports nutrition products are still found with such banned substances, thereby jeopardizing their sales.
Atlantic Multipower UK, CLIF Bar & Company, Glanbia, ProAction, Weider Global Nutrition, PepsiCo, GlaxoSmithKline, BPI Sports, Class Delta, Champion Performance, CytoSport, Ultimate Nutrition, Active Nutrition International, Monster Energy Company, and Reflex Nutrition.