Global Sports Nutrition Market to Grow at 8.4% CAGR by 2020 - Increase in Health-Consciousness Among Population - Research and Markets
DUBLIN, June 08, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Sports Nutrition Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global sports nutrition market has been witnessing exceptional shift, in the recent years. Sports nutrition products that were earlier intended for athletes and body builders are increasingly attracting the non-athlete consumer group, especially the younger demographic profile.
The market is gaining further grounds, which is mainly led by increase in health-consciousness among population, increasing urbanization, new product development and growth in number of sales outlets, fitness centers, gyms and health clubs. Traditional users can be core-performance or regular users, similarly new users could be occasional or lifestyle users.
The number of health clubs and fitness centers has witnessed a gradual increase in recent years, across the globe. The increase is attributed to growing health awareness and changing demographic factors in some countries with increased proportion of young population. The growth of such establishments is expected to provide further opportunities to the producers of sports nutrition products. Some producers are focused to reinvent the sports nutrition category by embedding health, wellness and overall fitness in the products, and are targeting new user segment.
The sports nutrition market has faced hurdles while winning consumer trust, due to negative perception over disputed ingredients, such as anabolic steroids, stimulants, and prohormones. Some products containing caffeine and the synthetic stimulant dimethylamylamine (DMAA), an ingredient of geranium oil has been banned by the World Anti-Doping Agency.
The abuse of the powder causes risk of heart ailment, sleep deprivation, and other hazardous conditions. However, an industry-wide initiative to gain trust through transparency in production and labeling, and third-party verification programs is expected to overcome this growth impediment.
Companies Mentioned:
- Abbott Laboratories
- Clif Bar & Company
- Creative Edge Nutrition, Inc. (CEN)
- GNC Holdings Inc.
- Glanbia Plc
- GlaxoSmithKline Plc
- Monster Beverage Company
- PepsiCo Inc.
- Universal Nutrition
- Coca-Cola Company
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Sports Nutrition Market Size and Forecast (2012 - 2022)
5. North America Sports Nutrition Market
6. Europe Sports Nutrition Market
7. Asia-Pacific Sports Nutrition Market
8. Rest of the World (ROW) Sports Nutrition Market
9. Competitive Analysis
10. Company Profiles and Strategic Developments
For more information visit http://www.researchandmarkets.com/research/nwpkwn/global_sports
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