(Food-Beverage-News.Com, November 21, 2017 ) According to the report Sports Food Market, published by Market Data Forecast, the Global market is projected to reach USD 94.8 billion by 2022, at a CAGR of 8.3% from 2017 to 2022
People who are regularly involved in sports and fitness activities require different nutrition compared to normal people. Sports foods intend to supplement a special set of nutrients meeting the requirements of the consumers. They are specially designed to include calories required to meet the performance goals in the sport. A mix of carbohydrate, proteins, vitamins and fats are generally consumed during training.
Sports Food Market: Drivers & Restraints Due to the thriving trend of fitness regime, demand for sports for sports food has increased all over the world. Increase in demand for supplements which enhance the performance of the athletes, increasing health awareness among general population and growing demand for protein food also drives the sports food market.
However, high cost of the diet and lack of awareness in emerging countries are hindering the market growth.
Sports Food Market: Segmentation By Product Type • Dietary supplement powder • Energy bars • Sports food and drinks • Protein Bars • Sports Gels By Ingredients • Vitamin • Minerals • Nutritional Supplements • Protein • Carbohydrates By Users • Athletic users • Bodybuilding users • Recreational users By Distribution Channel • Hypermarket and Supermarkets • Online Stores • Convenience Stores • Drug Stores • Other Stores By Geography • North America o United States o Canada • Europe o U.K o Spain o Germany o Italy o France • Asia Pacific o China o India o Japan o Australia o South Korea • Latin America o Brazil o Argentina o Mexico o Rest of Latin America • Middle East & Africa o Middle East o Africa
Sports Food Market: Overview Energy bars hold the largest market share in the product segment. It is due to the extra calories required by the consumers involved in the athletics field. Protein bars are expected to be the fastest growing segment due to the increasing bodybuilders among general population. Based on ingredients, protein holds the largest market share.
North America leads the sports food market due to the large number of athletes this region produce. Health awareness among the general population and increasing body builders is driving the market in this region. Asia Pacific is the fastest growing market due to the increasing demand for energy and protein bar in this region. Huge athlete population is also driving the sports food market.
Sports Food Market: Key Players Major players operating in the Sports Food market are Nestle SA, Abbott Laboratories, GlaxoSmithKline Plc, Danone S.A, Dr Pepper Snapple Group Inc., Cliff Bar & Company, GNC Holdings Inc., Red Bull GmbH, Monster Beverage Corp., Coca-Cola Co., Alp snack Inc, The Hain Celestial Group, Inc., Reckitt Benckiser Group Plc., and Glanbia Plc.
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