Sports supplement is aimed towards the customer who is concerned in enhancing their ability to perform a diverse role associated to their sports as well as also to the customer who has a dynamic lifestyle. The supplements altogether maintain and support the body roles along with protects the customers from lack of any kind of minerals and nutrients requisite to an individual’s body.
The global market for sports supplements market is anticipated to reach a market valuation of US$ 17,963.7 Million by 2025 end, up from a valuation of US$ 9,555.4 Million by 2017 end. The overall market is likely to reflect an 8.2% CAGR all through the calculated period of 2017-2025.
Based on the product type, the worldwide market includes protein (includes beta alanine and L-carnitin, creatin and amino acids) and non-protein (includes ready-to-drink, bars and powder). The non-protein is projected to hold relatively lesser value share during the calculated period.
The protein product type is estimated to witness a bigger share relatively to non-protein segment. The powder sub-category will be capturing a bigger share in the said period as compared to others. The ready-to-drink non-protein product type is likely to grow in the market expeditiously creating a lucrative prospect for the makers. The amino acid protein category is likely to lead the overall market in the coming years.
Based on the distribution channel, the worldwide market includes supermarkets, pharmacy and drug stores, online stores, health food stores and fitness club. The health food store distribution channel will be capturing reasonably bigger share in the overall market all through the predicted period. This segment will be reaching an evaluation of over US$ 5 Billion through the end of the assessment year. Nevertheless, the online stores are likely to expand faster over the forecast period.
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Based on the region, the worldwide market includes Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa and Asia Pacific. North America will be dominating the overall market for sports supplement market, followed by Western Europe during the calculated period. APAC is also likely to produce huge prospects for the makers all through the estimated period, projecting to expand at a valuation of 9.5% CAGR. Latin America on the other hand mainly follows the North America market trends plus is likely to gain all through the assessment period.