Market Analysis - Nutrition And Dietetics Summit 2020
The Global Nutrition Market size is relied upon to reach $44,003 million, by 2021. Sports nourishment items, for example, sports beverages, enhancements, and nourishment that incorporate protein powders, isotonic beverage powder, case/tablets (creatine/spread chain amino acids and others), supplement powder, prepared to-drink protein drinks, starch drinks, protein bars, sugar/vitality bars, and different enhancements. These items are produced for and devoured by competitors and weight lifters to improve their general wellbeing, execution, and muscle development. Sports drinks were ordinarily utilized by competitors to renew the water level in the body. Muscle heads are the significant clients of sports supplements. In any case, these items are experiencing mass appropriation by way of life and recreational clients. The quantity of recreational and way of life clients has reliably expanded since the previous hardly any years. North America represented over 40% of the worldwide game sustenance piece of the overall industry. The Asia-Pacific locale is required to observe the quickest development during the estimate time frame.
Various research studies that emphasizes on application of variety of nutritional constituents for different types of sport performances are being carried out, which in turn are providing an up thrust to the market. For instance, a research study published in the journal Nutrients focused on effect of 10 week beta supplementation on competition and training performance of elite swimmers. Moreover, recent developments in products with natural ingredients, plant-based proteins, and dairy products are estimated to drive the market.
The global sports nutrition market size is expected to reach USD 24.43 billion by 2025, expanding at a CAGR 9.7% over a forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by growing demand for these products among sportspersons and athletes, rising consumer awareness, and increasing the number of gyms and health & fitness centers across the globe that are involved in the marketing of these nutritional products.
An increasing number of research activities in the field and new product launches are some of the major factors contributing to market growth. The presence of large market players is facilitating widespread product availability, which in turn is likely to stir up the demand for these products. For instance, in 2018, Amazon launched a private label sports supplement brand called OWN PWR for U.S. consumers. Hormel Foods Corporation; General Nutrition Centers, Inc.; and Abbott are the major competitors operating in this market.