Global Sports Supplements market Key Insights and Opportunities Expected to Grow Till 2025
The global
sports supplements market to witness steady growth over the forecast
period owing to increased usage of fortification product, globally to attain a
better functioning body and cure lifestyle-related diseases. Rigorous marketing
campaigns by manufacturers and internet of things have put sports supplements
products into the mainstream. This is expected to drive the growth of the
sports supplements products over the forecast period on a global scale.
Revenue generated from Sports Supplements Market is estimated to be valued at US$ 9,555.4 Mn by the end of 2017 and is
expected to increase at a CAGR of 8.2% over the forecast period. Global Sports
Supplements market is expected to be valued at US$ 17,963.7 Mn by the end of
2025.
Consumers are embracing practices such as
gym, yoga, and healthy food consumption as self-medication and in order to lead
a healthy lifestyle. This has led to an increase in demand for health-related
products such as organic food and dietary and sports supplements. Increased
usage of self-analysis kits and self-diagnosis for deficiency has increased
demand for sports supplements in developed regions.
Establishments like gym, fitness clubs, yoga
centers and other facilities endorsing sports nutrition products are
anticipated to contribute hugely to the increment of demand of sports
supplement and other related products over the forecast period. Such
partnership with establishments increases sales point for the products and
narrow down the targeted consumer for the manufacturers and distributors.
The higher occurrence of sedentary diseases
and increases the risk of such diseases in urban regions is expected to drive
the consumer to adopt a more supplement based lifestyle to curve out the
issues. This, in turn, is expected to fuel the demand for the sports supplement
over the forecast period.
Fortified foods and beverages containing an
equivalent amount of nutrients and minerals per serving against sports
supplements are expected to create restraint for the sports supplement market
over the forecast period as the fortified food foods are easy to adapt to daily
lifestyle than supplements.
The protein products segment in the product
type category is estimated to be the largest and highly lucrative segment. The
consumption of protein products in sports is consumed for nutrition and energy,
and the consumption rate has been observed to rise in the coming years. Since
past several years, protein products have been a favorite nourishment source
for players, sportsmen and common individuals. In 2017, the protein products
segment was valued at about US$ and is estimated to reach a valuation of more
than US$ . The protein products segment is projected to grow at a CAGR of
throughout the period of assessment.
Protein products segment is further
categorized into powder, bar and ready-to-drink sub segments. The powder sub
segment in this category is expected to largely contribute the growth in
valuation of the parent segment. This sub segment is projected to grow at a
significant rate during the forecast period. Also, contributing the growth of
the protein products segment is the bar sub segment, that is projected to grow
at a higher rate to register a CAGR of 8.6% throughout the period of
assessment.
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