Published on : Jun 12, 2017
Albany, New York, June 12, 2017: The report, titled “Global Sports Supplement Market 2017-2021,” provides detailed insights into developments in the global sports supplement market in the coming years. It delves into the various factors for the gaining popularity of sports supplements among sportsperson that are expected to have a bearing on the sports supplements market in the forthcoming years. The Americas, EMEA, and APAC regions are examined in this study to present the growth curve of the global sports supplement market between 2017 and 2021.
According to the report, the global sports supplement market is expected to rise at a CAGR of 8.52% between 2017 and 2021. The report examines the past performance and current growth trends to present market size estimates until 2021. Market size estimates are presented based on sales of sports supplements such as powders, bars, creatine, ready-to-drink, whey, and others. Revenue estimates until 2021 are presented based on revenue generation from retail outlets and online stores.
The report points out the various factors driving the sports supplements market. First and foremost, increasing demand for natural products is driving the adoption of dietary supplements predominantly among sportsperson and bodybuilders. These supplements are used to increase their stamina and to enhance their athletic ability. The use of natural products is favored as they do not have health risks as posed by synthetic sports supplements.
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The sports supplement market faces challenges from stringent government regulations that govern these products. The composition of these products is important as they are an important component of exercise training.
Nevertheless, the growth of the sports supplement market is expected to be benefitted by increased online sales of sports supplement. The large range of sports supplement that are available at low prices through the online sales channel is increasing sales of these products. Furthermore, continual product development for sports nutrition will present new growth opportunities to the sports supplement market. The migration of manufacturing and sales facilities to Asia Pacific will further act as a driving factor to the growth of this market.
Some of the key vendors in the sports supplement market are Clif Bar, GlaxoSmithKline, Glanbia Nutritional, and Herbalife. Some other prominent vendors in this market are GNC, PowerBar, Reflex Nutrition, Universal Nutrition, Pacific Health Laboratories, ProAction, Science in Sports, and Ultimate Nutrition.
The 70-page report is compiled in a chapter-wise format for reading comprehensibility. It is further divided into sub-chapters interspersed with an array of graphical representations and tables. The changing market dynamics are presented both textually and pictorially in this report. The report concludes with a market attractiveness analysis of new investments made in the sports supplement market in the forthcoming years.
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