A research on the market for sports supplements has been released by Persistence Market Research. It contains a global industry analysis from 2014 to 2018 and an opportunity evaluation from 2019 to 2029. According to the analysis, the global market for sports supplements is predicted to reach US$ 15 billion by the end of 2019 and US$ 29 billion by the end of 2029.
The report claims that through 2029, Sports Supplements Market is anticipated to rise as a result of rising e-commerce and online retail usage. It is anticipated that the retail sales industry would grow across a range of consumer goods categories as it becomes more organised globally. The retail market for food and beverages is being driven by the globalisation of private brands and the growth of international retail chains in developing economies.
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Bodybuilding has become a trend among millennial and Gen-Z population. As the consumption of unhealthy and fast food cause many issues to people resulting in unhealthy fat, laziness, and physical troubles, consumers have been avoiding junk foods and primarily focusing on health and fitness.
Sports supplements are gaining popularity among bodybuilders and elite athletes owing to their number of nutritional benefits, such as rich source of protein and amino acids. They also provide essential nutrients to the body, which can help in weight management, act as energy booster, and reduce anxiety and stress. Growing popularity, especially among bodybuilders and elite athletes, is likely to complement the growth of the sports supplements market.
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Analyst’s Viewpoint
A comprehensive view of the global sports supplements market has led our analysts to conclude that the market is growing at a healthy growth rate, with North America and Europe holding a large chunk of the global consumption of sports supplements. The market is gaining further boost from increasing usage of new and innovative flavored sports supplements.
The demand for protein-based sports supplements in all sectors will continue to grow and it will remain for a long time. Technological innovations and adaptation of new technologies by leading market players will give a thrust to the global sports supplements market.
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Key Segments of the Global Sports supplements Market
PMR’s study on the global sports supplements market offers information divided into 4 important segments-type, nature, sales channel, and region.
Type
- Protein
- Powder
- Bars
- Ready to Drink
- Non-Protein
- Amino Acids
- Creatine
- Beta Alanine & L- Carnitine
Nature
- Organic
- Conventional
Sales Channel
- Hypermarkets/Supermarkets
- Specialty Stores
- Pharmacy & Drug Stores
- Online Retail
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
FAQ’s:
- Which region will have the highest market share in the global sports supplements market over the forecasted period?
- Which region is experiencing the highest growth (CAGR)?
- Which factors are impacting the global sports supplements market?
- Which are the global trends in the sports supplements market that are impacting the market?
- What strategies need to adopt by the emerging players in the global sports supplements market to capture the opportunities in various regions?
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