Sports Food Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
The rising urbanization has a huge impact on the requirement for sports food all over the globe, thereby boosting the global sports food market.
Global Sports Food Market: Overview
With the rising number of fitness centers and health clubs all over the globe, the global sports food market is seeing a considerable elevation in its capitalization. The rising fame of different games and sports amongst young users is also mirroring positively on the global sports food market. Apart from this, the increasing awareness amongst people related to fitness and health and nutritional advantages of sports food is expected to power this market enormously over the upcoming period.
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Global Sports Food Market: Growth Factors
The rising urbanization has a huge impact on the requirement for sports food all over the globe, thereby boosting the global sports food market. Consumers are now aware of the requirement to maintain fitness and health, which is heartening them to look at sports as a leisure pursuit and shift to a healthy diet. The rising number of fitness centers, gymnasiums, and health clubs is also mirroring on the requirement for sports food, all over the world thus bolstering the global sports food market.
Global Sports Food Market: Segmentation
The global sports food market is generally categorized based on the type of the distribution channel, product, and the gender. On the basis of the kind of product, the global sports food market is classified into energy sports food, protein-based sports food, rehydration sports food, pre-workout sports food, miscellaneous sports food, and meal replacement sports food. The requirement for energy sports food and protein-based sports food is comparatively more in comparison to their other equivalents.
On the basis of the distribution channel, the global sports food market is divided into hypermarkets and supermarkets, drug stores, convenience stores, and online stores. The conventional distribution channels, that is, hypermarkets and supermarkets, drug stores, and convenience stores have an enhanced user base. On the other hand, with the rising diffusion of the Internet and the increasing number of handset consumers, online channels are also anticipated to make their path in the forecast period. Based on the gender of users, the global sports food market is bifurcated into females and males. Presently, the males sector has been dominating the global sports food market and the drift is expected to sustain for the upcoming few years.
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Global Sports Food Market: Regional Analysis
Areawise, the global sports food market has its reach all over Europe, North America, APEJ (the Asia Pacific excluding Japan), Latin America, Japan, and the MEA (the Middle East and Africa). The present global sports food market leader, North America is expected to hold its supremacy in the near period. The rising number of sports fans is the main factor behind the extraordinary growth of the global sports food market in this region.
Global Sports Food Market: Competitive Players
At the vanguard position of the global sports food market are GlaxoSmithKline Plc, Red Bull GmbH, Dr Pepper Snapple Group Inc., Monster Beverage Corp., GNC Holdings Inc., General Mills, Abbott Laboratories, Glanbia Plc, The Coca-Cola Co., and Nestlé S.A.
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