SOURCE: Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Sports and Fitness Nutrition Supplements markets. The global market for Sports and Fitness Nutrition Supplements is projected to reach US$6.17 billion by 2018, encouraged by rising health consciousness and knowledge of sports nutrition products and increasing number of people engaged in sports/fitness related activities.
San Jose, California (PRWEB) February 05, 2013
Follow us on LinkedIn – In the past, the terms ‘fitness’ and ‘exercise’ were associated only with certain physically active groups such as athletes and body builders and therefore exercise equipment or sports nutrition products were mainly targeted at such people. But with changing times and with growing focus on the aspect of overall well-being among the general population, sports products particularly nutrition supplements also started being targeted at the common man. The new customers groups that are increasingly becoming an area of interest for various sports and fitness nutrition supplement companies include weekend fitness or sports enthusiasts and people who are interested in maintaining their health by using supplement products. With growing interest from such users, sports nutrition products, which were previously available only in gyms and health food stores, are now available in mainstream mass market outlets such as super markets and convenience stores. Further, to effectively leverage such new market opportunities, products are being revamped in terms of taste, packaging and delivery formats and are being positioned in unique ways to suit the needs of such emerging customers.
In the global market, apart from the major trends of expanded usage, newer customers and introduction of several novel product formulations, an important trend is the growing demand for products containing natural ingredients. As consumers shift away from synthetic products, either in terms of foods or supplements to products closer to nature, demand for natural/herbal supplements and products is growing at a rapid rate. The trend is particularly true for products containing various herbs and spices, specifically those used in Chinese traditional medicine and Ayurveda. These natural/herbal products are rapidly making inroads and are gaining popularity as consumers realize their medicinal and health benefits. Sports supplement manufacturers seeking a greater share of the market are therefore leveraging this trend and are investing substantially in research to develop novel products that can carry a natural claim. Demand for vitamins and mineral supplements is also growing at a strong pace in this market, owing to the hectic pace of life which is leaving little time for a well balanced, nutritious meal.
From a regional perspective, the market for sports and fitness nutrition supplements is highly concentrated in the west, particularly in the US. However, like many other industries, future growth is likely to emanate from developing nations, particularly the BRIC countries (Brazil, Russia, India and China), due to their relatively faster and stronger economic development, including the trend of urbanization. Currently, the usage of sports supplements is mostly limited to the fitness-oriented groups such as body builders, athletes or regular gym goers in such countries. The availability of sports supplements is largely restricted to certain non-grocery retail channels such as health food shops and the Internet. The lack of awareness about the availability of such products along with concerns relating to their efficacy and safety are major factors currently limiting growth in these regions. Further, the inadequate purchasing power coupled with high prices of the products is also impeding penetration of sports supplement products in these regions.
As stated by the new market research report on Sports and Fitness Nutrition Supplements, the United States leads as the largest regional market worldwide, accounting for a major chunk of the global market. The wide availability and easy access to sports and fitness nutrition products at fitness clubs, pharmacies, health food stores, supermarkets and online channels enable quick access and higher market penetration. The US sports supplements market is largely supported by the traditional customer base, comprising body-builders and athletic groups, in addition to the general population displaying strong inclination towards products promoting fitness and well being. Asia-Pacific represents the fastest growing regional market displaying a CAGR of about 12% over the analysis period, with potential for growth resting in the burgeoning youth population showing inclination towards sports and fitness related activities and products.
Major players profiled in the report include Abbott Laboratories Inc., Clif Bar & Company, The Coca-Cola Co., GlaxoSmithKline Plc, GNC Holdings Inc., Nestlé SA, Optimum Nutrition Inc., PepsiCo Inc., Red Bull GmbH, and Yakult Honsha Co., Ltd., among others.
The research report titled "Sports and Fitness Nutrition Supplements: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, recent industry activity, and profiles of major companies worldwide. The report provides market estimates and projections (US$) for the assessment period 2010 through 2018 across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain and Rest of Europe), Asia Pacific, Latin America and Rest of World. Key product segments analyzed include Amino Acids/Derivatives, Herbal Products, Prohormones, Vitamins/Minerals, and Others. The study also provides historic data for an insight into market evolution over the period 2004 through 2009.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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