According to a new market report published by Transparency Market Research “Sports Nutrition Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” the market was valued at USD 29.74 billion in 2013, which is expected to reach USD 52.55 billion by 2020, growing at a CAGR of 8.5% from 2014 to 2020. In terms of volume, the global sports nutrition products market was valued at 8.58 kg billion in 2013 and is expected 14.67 kg billion by 2020, growing at a CAGR of 8.0% from
2014 to 2020.
Sports nutrition is a specialized market within the overall nutrition industry. A number of products fall under the sports nutrition market; these include: protein bars and shakes, energy bars and drunks, and dietary supplements. A number of nutritious and energy-boosting ingredients go into the manufacture of sports nutrition products. Typically, such products comprise ingredients such as caffine, linoleic acid, creatine, and taurine.
Browse the full Sports Nutrition Products Market Report: http://www.transparencymarketresearch.com/sports-nutrition-market.html
Sports Drinks Hold Largest Market Share but Sports Food Looks Promising
Within the global sports nutrition market, sports drinks occupied the largest market share in 2014. However, there is another segment that presents several growth opportunities- sports food. The segment of sports food is currently growing at a very healthy pace and there is much scope for innovation and new product development within this segment. Globally, the sports food segment will benefit from heightened health awareness levels and a change in lifestyle.
To put this trend into numbers, the sports drinks product segment was estimated at 8.21 billion liters as of 2013. And, the sports food segment will emerge as the fastest growing segment with a 9.6% CAGR from 2014 to 2020.
Sports Nutrition Market Rides High on the Obesity-Alleviation Wave
The occurrence of obesity worldwide...