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Dublin, November 15, 2021--(Business Wire)--"Global Sports Nutrition Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's products.
The global sports nutrition market is expected to grow at a compound annual growth rate of about 9% during the period (2021-26).
The market growth is mainly due to the continuous improvement of consumers' awareness of physical health, coupled with the increase in disposable income which contributes to the purchase rate of nutritional products. The surge in the number of gyms and fitness centers supporting sports nutrition products has boosted the growth of the sports nutrition market.
In addition, the growing consumer demand for various protein bars, energy drinks and dietary supplements to enhance physical health is one of the main factors driving the growth of the global sports nutrition market.
Supplement powder accounts for the largest market share
According to the product type, the market is divided into protein powder, Iso beverage powder, supplement powder, protein bar, carbohydrate/energy bar, carbohydrate beverage, tablet/capsule, RTD protein beverage, Iso beverage and other supplements. The supplement powder segment gained the largest share of the global sports nutrition market in 2019. The reason is that consumers' growing awareness of physical health is intertwined with the commercial availability of supplement powder. The increase in the number of market participants, the launch of new products, and the increase in product portfolios based on tastes and preferences indicate the growing demand for sports supplements.
Plant-based nutrition gains the highest market share
According to raw materials, the market is subdivided into animal-derived, plant-based and mixed market segments. In 2019, due to the increase in the proportion of the global vegetarian population, the plant-based part dominated the global sports nutrition market. In addition, some consumers are turning to plant-based nutritional products because these products contain high fiber and essential nutrients, and have lower fat content than animal-derived nutritional products. In addition, the spread of bird flu and other animal-derived diseases has increased, causing consumers to switch to plant-based sports nutrition.
Lifestyle changes drive market growth
Due to urbanization and changes in lifestyles, people are increasingly inclined to lead a healthy lifestyle. Therefore, this has promoted more consumers to participate in sports clubs and gyms. In addition, due to the increasingly serious health problems, people continue to need to add sufficient nutrients to their daily diet, which has also promoted the profit growth of the global sports nutrition market.
The main leaders in the global sports nutrition market are PepsiCo, GlaxoSmithKline, Coca-Cola, Abbott Laboratories, Reckitt Benckiser Group plc, Otsuka Holdings Co., Ltd., Clif Bar & Company, and Glanbia Plc. , Optimum Nutrition, Hormel Foods Corporation, Post Holdings, Inc., GNC Holdings Inc., YAKULT, Multipower, MusclePharm Corporation.
Key questions answered in the market research report:
What are the main overall market statistics or estimates (market overview, market size-by value, forecast numbers, market segmentation, market share) of the global sports nutrition market?
What are the industry scale, growth drivers and challenges in each region?
What are the main innovations, opportunities, current and future trends, and regulations in the global sports nutrition market?
Who are the main competitors, their main advantages and disadvantages, and how do they perform in the global sports nutrition market based on a competitive benchmark matrix?
What are the main results of the market survey conducted during the study of the global sports nutrition market?
For more information about this report, please visit https://www.researchandmarkets.com/r/q5qiyb
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