The new report by EMR titled, ‘Global Sports Supplements Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global sports supplements market, assessing the market based on its segments like nature, types, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 17.4 billion
- Forecast CAGR (2021-2026): 8.6%
- Forecast Market Size (2026): USD 28.54 billion
Rapid changes in the lifestyles of the consumers and changing eating patterns are affecting the health of the people and boosting the demand for sports supplement. As a result of these factors, people are becoming aware of their health and are concentrating on the exercise and intake of nutritional and sports supplements in order to strengthen their energy levels and maintain a healthy diet. In addition, urbanization is on the rise throughout the globe and especially in the developing nations. As part of preserving health and fitness, people opting for dietary supplements is further propelling the industry growth.
Industry Definition and Major Segments
Sport supplements refer to the dietary products which are designed to fulfil the nutritional needs of a sports person. Nutritional components used in these sports supplements comprise of proteins, vitamins, amino acids, minerals, and other ingredients. These sports supplements have a balanced diet to boost the overall performance of the body. The primary objective of this product is to provide physical strength in sports.
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The nature of the sports supplement can be categorized as follows:
The types of the product include the following:
- Ready to Drink
- Non- Protein
- Amino Acids
- Beta Alanine and L- Carnitine
The distribution channels include the following:
- Hypermarkets and Supermarkets
- Pharmacy and Drug Stores
- Specialty Stores
Latest Global News on Sports Supplements Market@ https://www.expertmarketresearch.com/pressrelease/global-sports-supplement-market
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Readily accessible dietary supplements play a crucial role in the development of the industry. The rising trend of sports and weight training across the world is boosting the demand for sports supplement. The advent of e-commerce has also led to an increase in sales of these goods, especially in emerging economies, such as India, China, and Brazil. The rising awareness of the importance of nutrition among young athletes is also propelling the market growth. Rising focus of the athletes on meeting their dietary needs together with adequate physical activity to boost fitness is also a crucial factor supporting the market growth. Athletes, coaches, trainers, and fitness enthusiasts concentrate on meeting dietary requirements, as supplement affects training and recovery and so improves results.
Key Market Players
The major players in the market are Hormel Foods, LLC, General Nutrition Centers, Inc., Post Holdings Inc., and Cardiff Sports Nutrition Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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