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Global <strong>Sports</strong> <strong>Nutrition</strong> <strong>Market</strong> <strong>to</strong> Witness 8% CAGR During 2016 – <strong>2022</strong><br />
The global sports nutrition market is expected <strong>to</strong> grow at a CAGR of 8.4% in terms of value during 2016 - <strong>2022</strong>.<br />
Among the various types, the sports drinks segment accounted for largest share (61.4%) in the global sports<br />
nutrition market in 2015.<br />
Explore Full Report at: https://www.psmarketresearch.com/market-analysis/sports-nutritionmarket<br />
The increasing health concerns, such as obesity <strong>and</strong> awareness of physical appearances among all consumers<br />
groups is driving the dem<strong>and</strong> for sports nutrition products. The emergence of new consumer base, such as<br />
recreational <strong>and</strong> lifestyle users are being increasingly targeted <strong>by</strong> the sports nutrition manufacturers. The<br />
manufacturers are developing innovative products <strong>to</strong> cater <strong>to</strong> wide consumer requirements, depending upon their<br />
tastes <strong>and</strong> preferences. The increasing accessibility of products through conventional mass-market retail<br />
channels, including supermarkets convenience s<strong>to</strong>res, <strong>and</strong> hypermarkets <strong>to</strong> emerging new online channels, are<br />
supporting easy availability of sports nutrition products. However, the availability of large number of substitute<br />
products (both natural <strong>and</strong> manufactured) <strong>and</strong> negative perception over disputed ingredients, such as anabolic<br />
steroids, stimulants <strong>and</strong> prohormones, acts as some of the major obstacles faced <strong>by</strong> the sport nutrition market.<br />
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The dem<strong>and</strong> for sports nutrition product is being widened <strong>by</strong> high <strong>and</strong> growing proportion of obese <strong>and</strong><br />
overweight population, globally. The obesity epidemic continues <strong>to</strong> spread in the <strong>to</strong>p 10 countries of the<br />
Organization for Economic Co-operation <strong>and</strong> Development (OECD), with around 18% of all adults in the region<br />
being overweight, according <strong>to</strong> OECD’s 2014 report. Over one out of three adults in the U.S., Mexico, <strong>and</strong> New<br />
Zeal<strong>and</strong>, <strong>and</strong> more than one out of four in Australia, Canada, Chile, <strong>and</strong> Hungary are obese. In contrast, obesity<br />
rate is only between 2% <strong>and</strong> 4% of adults in the Asian countries. According <strong>to</strong> the World Health Organization<br />
(WHO), more than half of global obese population lives in 10 countries including the U.S., Egypt, Germany,<br />
Mexico, Russia, Brazil, Pakistan, Indonesia, China, <strong>and</strong> India.<br />
Browse Related <strong>Research</strong>: https://www.psmarketresearch.com/industry-report/consumerproducts<br />
The key companies operating in global sports nutrition market include Glanbia Plc, PepsiCo. Inc.,<br />
Abbott labora<strong>to</strong>ries, GNC Holdings, The Coca Cola Company, GlaxoSmithKline, Clif Bar & Company,<br />
Universal <strong>Nutrition</strong>, Creative Edge <strong>Nutrition</strong> Inc., <strong>and</strong> Monster Beverage Company.<br />
Chapter 1. <strong>Research</strong> Scope & Methodology<br />
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