The rising awareness towards
fitness and physical health has helped the growth of the global sports supplement market. In
2013, the market was worth US$6,800.8 million and is forecast to grow at a CAGR
of 9.1% during the period between 2014 and 2020. By the end of 2020, the global
sports supplement market is expected to generate annual revenue of US$12,449.6
million.
Lack of Regulatory Bodies Major Drawback for Global Sports
Supplements Market
Though sports dietary supplements were initially targeted at
athletes to support their heightened nutritional requirements, the rising
number of people conscious about their health and physique has fueled the
growth of the global sports supplement market. The increasing number of health
clubs and fitness centers has helped the market considerably. However, the lack
of proper regulatory bodies can negatively affect the global sports supplement
market.
There have been numerous reports of sports supplement
manufacturers using new dietary ingredients in supplements that have not been
tested for their safety and efficacy. The Food and Drug Administration (FDA)
has recently warned 14 sports supplement companies to not use DMBA
(1,3-dimethylbutylamine), a drug that raises blood pressure, in their products.
Such factors have helped paint a bad picture of the market among the masses.
Expanding distribution channels are one of the major challenges faced by the
organized sports supplement market. Substitute products are now easily
competing with sports supplements products, thereby affecting the growth of the
market.
The increasing urban population in Asia Pacific is expected to
open a huge opportunity for the global sports supplement market. Manufacturers
are promoting their products through advertizing in various sports events and
endorsements by famous sportspersons. This will further boost the expansion of
the market. Sport supplements are usually available at health food stores,
supermarkets, and pharmacies. However, it has recently been observed that
consumers prefer to purchase products through ecommerce. This new trend will
shake up the distribution channels of the global sports supplement market.
Protein Powder the Largest Product Segment in Global Sports
Supplements Market
The overall market has been segmented on the basis of the
products offered into protein-based supplements and non-protein based
supplements. Protein-based supplements have been further sub-segmented into
protein powder and ready-to-drink (RTD) protein supplements. Protein powder is
the largest product segment in the global sports supplement market and is
estimated to grow at a CAGR of 9.4% from 2014 to 2020. This segment is expected
to be valued US$8,065 million by 202
Asia Pacific to Provide Strong Growth Opportunity for Global
Sports Supplement Market
Globally, the sports supplement market has been segmented into
Europe, Asia Pacific, and North America. North America is the leading region of
the global sports supplement market, followed by Europe and Asia Pacific. The
U.S. and Canada contribute majorly towards the growth of the overall market in
this region. However, the robust demand for sports supplement from the developing
economies in Asia Pacific is expected to challenge the North American market.
Countries such as India, Japan, Australia, and China are forecast to contribute
substantially to the growth of the market in this region.
Table
of Content
Chapter
1 Preface
1.1 Report Description
1.2 Scope and Definition
1.2.1 Segments covered in the report
1.3 Research Methodology
Chapter
2 Market Synopsis
Chapter
3 Porter’s Five Forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Threat of New Entrants
3.3 Bargaining Power of Buyers
3.4 Threat of Substitutes
3.5 Rivalry among Competitors
Chapter
4 Industry Overview
4.1 Introduction
4.2 Market Drivers
4.2.1 Growing concern towards health and fitness is driving the
sports supplements market
4.2.2 Increasing number of fitness centers, health clubs, and
their members is expected to drive the sports supplements market
4.2.3 consumer base offering huge potential for growth of
Growing sports supplements market
4.2.4 Impact analysis of growth drivers
4.3 Market Restraints
4.3.1 Lack of proper regulatory bodies can hamper the growth of
sports supplements market
4.3.2 Expanding distribution channel is one of the challenges
for sports supplements market
4.3.3 Sports supplements facing challenges from substitute
products
4.3.4 Impact analysis of market restraints
4.4 Opportunity
4.4.1 Increasing urban population in Asia Pacific region is
expected to provide growth opportunity for sports supplements market
4.4.2 Growing product visibility through promotions at sports
events
4.5 Market Trend
4.5.1 Shifting consumer purchasing pattern towards online
platform
Chapter
5 Market Size and Forecast by Product
5.1 Protein-Based Supplements
5.1.1 Protein Powder
5.1.2 Ready-to-Drink (RTD) Protein Supplements
5.2 Nonprotein-Based
Chapter
6 Market Size and Forecast by Geography
6.1 North America
6.1.1 The U.S
6.1.2 Canada
6.2 Europe
6.2.1 The U.K.
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.3 Asia Pacific
6.3.1 Australia
6.3.2 Japan
6.3.3 China
6.3.4 India
Chapter
7 Competitive Scenario
Chapter
8 Company Profiles
8.1 NBTY, Inc.
8.1.1 Company overview
8.1.2 Products and services
8.1.3 Financial performance
8.1.4 Recent developments
8.2 MaxiNutrition
8.2.1 Company overview
8.2.2 Products and services
8.2.3 Financial performance
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