Global Sports Supplement Market 2017-2021
About Sports Supplement
Sports supplements are dietary supplements that help enhance athletic performance by providing alternate and additional nutrients. These products are generally marketed to people involved in athletics, bodybuilding, and weightlifting.
Technavio’s analysts forecast the global Sports Supplement market to grow at a CAGR of 8.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports supplement market for 2017-2021. To calculate the market size, the report considers the sales of sports supplements such as powders, bars, ready-to-drink, creatine, whey, and others through distribution channels such as online stores and retail outlets.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Supplement Market 2017-2021
Technavio recognizes the following companies as the key players in the global sports supplement market: Clif Bar, Glanbia Nutritionals, GlaxoSmithKline, and Herbalife.
Other Prominent Vendors in the market are: GNC, PacificHealth Laboratories, PowerBar, ProAction, Reflex Nutrition, Science in Sports, Universal Nutrition, and Ultimate Nutrition.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased online sales. Sports supplements are relatively difficult products to shop for online due to the lack of prior knowledge about the product. However, with retailers focusing on enhancing the online shopping experience through effective education and targeted marketing, there has been an exponential increase in online sales over the past few years. This has increased the comfort level of consumers to buy sports supplements online.”
According to the report, one of the major drivers for this market is increasing demand for natural products. The demand for natural products is increasing with increasing awareness about the harm caused by toxic and chemical products to the human body in the long run. The shift toward simpler ingredients has gained momentum in the past few years as people have become more interested in knowing about the ingredients in food supplements such as sports supplements.
Further, the report states that one of the major factors hindering the growth of this market is stringent government regulations. Stringent government regulations are a major challenge for manufacturers in the global sports supplement market. For instance, vendors in Europe must comply with the stringent regulations imposed by various regulatory authorities.
Clif Bar, Glanbia Nutritionals, GlaxoSmithKline, Herbalife, GNC, PacificHealth Laboratories, PowerBar, ProAction, Reflex Nutrition, Science in Sports, Universal Nutrition, and Ultimate Nutrition.