Sports nutrition consists of products which include supplements, food and drinks majorly developed for body builders, athletes and other health conscious people. These nutrition based products are specifically formulated in order to fulfill varied nutritional requirements in a human body. The major ingredients available in such nutrition products include minerals, vitamins, amino acids, and various other botanical ingredients. Escalating awareness of consumers to maintain a healthy and balanced lifestyle is anticipated to bolster the growth protein rich sports supplements market over the forecast period 2016-2023.
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The global protein based sports supplements market is growing at a rapid pace and is anticipated to observe stupendous growth over the period 2016-2023. Upsurge urbanization along with change in lifestyle and rising number of fitness clubs all across the globe is expected to boost the growth of protein based sports supplements market till 2023. Further intensifying disposable income and introduction of new and innovative ingredients in sports nutrition based products is anticipated to boost up the demand for protein based health supplements till 2023.
At present, North America region captured the highest share in revenue of protein based sports supplements market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of eating protein based sports supplements as well as increasing health awareness related to consumption of such products is expected to expand the growth of North American protein based sports supplements market over the forecast period. Increasing practices such as yoga, gym and other exercises is anticipated to strengthen the growth of protein based sports supplements market during the forecast period in Asia Pacific region.
The global protein based sports supplements market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
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Global Protein Based Sports Supplements market is segmented on the following bases:
• By Products
Protein Bars, Protein Powders, Ready to Drinks
• By Users
• By Sales Channel
Gymming and Fitness Centers, Food Stores, Medical Stores, Supermarkets, Online Stores, Others
• By Geography
o North America
o Europe
o Asia Pacific
o Rest of World
Key Players Identified Across the Value Chain in the Protein Based Sports Supplements Market includes but is not limited to:
Glanbia Plc., Universal Nutrition, Yakult Honsha Co. Ltd., Abbott Nutrition, The Coca Cola Company, Reckitt Benckiser Group, PepsiCo Inc., MaxiNutrition Ltd., Monster Beverage Corporation, NBTY Inc., GNC Holdings, GlaxoSmithKline and others.
Charlie Gefen
Credence Research Inc
gefen.c@credenceresearch.com
https://www.credenceresearch.com