An insightful research report, titled “Global Market Study on Sports Supplements Market Size, Status, and Forecast 2025”, has been recently incorporated into the vast repository of XploreMR. The report imparts revised forecasts on the global sports supplements market, which encompass various aspects essential for gauging the current as well as the future market scenario. Readers of this report can prioritize their strategies and assess the market on the basis of actionable insights rendered in this fact-based study.
Sports supplements are targeted toward consumers who are more interested in enhancing their ability of performing various functions pertaining to their area of sport expertise, as well as consumers who follow active lifestyle. Supplements catering to both these requirements maintain and sustain functionalities, and safeguard consumers against any nutrient and mineral deficiencies.
Detailed Segmentation Analysis on Sports Supplements Market
The report has branched the global sports supplements market into protein and non-protein products, based on product types. Protein-based sports supplements are expected to latch onto a comparatively greater market share, in light of its larger application and greater requirement in the sports-related functionality, in contrast to non-protein-based sports supplements.
Protein-based supplements are available in the market in different forms including ready to drink, bar, and powder. Among these, powdered protein-based sports supplements are likely to hold the lion’s share of the market, whereas ready-to-drink protein-based sports supplements are set to gain increased traction in the forthcoming years on account of their ease of consumption.
Out of the distribution channels incorporated in the report, health food stores will continue to lead the global market for sports supplements. Dominance of health food stores in the market can be partly attributed to its larger penetration in developed nations, and its specific consumer base. Over US$ 5 Bn worth of sports supplements are foreseen to be sold through health food stores worldwide by 2025-end. Online stores are envisaged to record the fastest sport supplements sales expansion through 2025.
Sports Supplements Market: Regional and Competitive Assessment
North America has been projected to spearhead the global sports supplements market in the upcoming years, driven by the presence of robust sports industry and therefore a larger number of sports enthusiasts in the region. Sports supplements market in Western Europe is set to trail North America in terms of lucrativeness owing to high penetration of nutritional products in the region. Relatively larger number of working population is a key demand determinant for sports supplements in these two regions.
Asia-Pacific (APAC) also holds enormous opportunities for sports supplements manufacturers, driven by rapid urbanization and high demand for dietary supplements from increasingly health-conscious consumers. A high single-digit value CAGR has been projected for the sports supplements market in APAC through 2025.
This report also renders analysis and insights on key sports supplements providers, along with evaluation on their short- and long-term strategies, recent developments in edible coatings and films space, and key offerings. Sports supplements manufacturers incorporated in the report include Universal Nutrition, NBTY Inc., Herbalife International, GNC Holdings, Inc., Enervit S.p.A., Atlantic Grupa, Creative Edge Nutrition, Inc., GlaxoSmithKline Consumer Healthcare, Glanbia Plc., and Scitec Nutrition.