July 10, 2020
As per the report titled ‘Global Sports Nutrition Market (2019 Edition) - Analysis By Product Type, By Distribution Channel, By Region, By Country: Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC, global sports nutrition market was valued at USD 14,596.45 million in the year 2018, and is slated to record noteworthy returns over 2019-2024.
Rapid urbanization in emerging economies, burgeoning health concerns among consumers, and surging numbers of gyms, fitness centers, and health clubs are poised to propel the market scenario. Additionally, increasing urban and working population coupled with their high per capita income are slated to enhance the growth of global sports nutrition market. Parallelly, widespread adoption of healthy lifestyle, expansion of online market platforms, and social media impact are further anticipated to catalyze the sales of sports nutrition products.
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Ready-to-eat (RTE) and Ready-to-drink (RTD) products, vegan products and bars are preferred by millennials and Generation Z, bolstering the expansion of global sports nutrition market.
Based on regional landscape, North America is anticipated to generate notable revenues during the analysis timeframe owing to high per capita income, surging health awareness, flourishinge-commerce sector, and favorable government initiatives for health awareness.
Major companies operating in global sports nutrition market are MusclePharm Corporation, Glanbia plc., Herbalife Nutrition Ltd., Abbott Laboratories, and GNC Holdings, Inc. among others.