Global Sports Nutrition Market Will Reach Usd 37.7 Billion in 2019

Sports Nutrition Market - Asia Pacific to Witness Highest Growth by 2019

Persistence Market Research

Global Sports Nutrition Market Will Reach USD

37.7 Billion in 2019 - Persistence Market

Research

Persistence Market Research

1

Sports Nutrition Market - Asia Pacific to Witness Highest Growth by 2019

Persistence Market Research Released New Market Report “Global Market Study on Sports

Nutrition: Asia Pacific to Witness Highest Growth by 2019,” the global sports nutrition market

was valued at USD 20.7 billion in 2012 and is expected to grow at a CAGR of 9.0% from 2013

to 2019, to reach an estimated value of USD 37.7 billion in 2019.

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Increasing health awareness, healthy lifestyle, rising number of health clubs and fitness

centers and changing consumer clusters for nutritional product across the globe are the

key growth drivers for the global sports nutrition market. Traditionally, bodybuilders and

sportspersons are the major consumers for sports nutrition products. However in recent

years, new user groups (recreational and lifestyle users) have increased their market

share in sports nutrition market. The market for sports nutrition is expanding its major

markets (North America) towards developing markets of Europe and Asia Pacific owing

to an ever-increasing population, rising income and rising living standard of consumers

in this region. Countries such as India and China with their fast pace economic growth

offer huge opportunities for sports nutrition market in the future. Moreover, surge in

national and international sporting events and increased global participation in these;

provide a good launch pad for the sports nutritional products.

Major growth challenges for the industry include the threat of substitutes and negative

publicity about the inclusion of banned/forbidden ingredients. Furthermore, changing

consumer preferences and expansion of distribution channels are other...