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(Medical-NewsWire.com, February 14, 2018 ) Global Sports Nutrition Market is approach the valuation of $ 45.79 billion dollars by 2021 at a CAGR of 7.7%, from the 2016’s market value of $31.60 billion dollars. The main factor behind the market growth is the rising health consciousness among the people globally and growing knowledge about a healthy diet.
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Discuss the opportunities of the market
By Distribution Channel, Fitness Centres to have manifold growth
On the basis of Distribution Channel, the global market is segmented into Fitness Institutions, Large Retail & Mass Merchandisers, Small Retail, Drug & Specialty Stores and Online channels. Though all the distribution channels portray growth in the forecast period, the Fitness centres are to occupy the first position in terms of the growth rate. Increasing focus on fitness and the subsequent concentration on the nutritional intake promote the growth of the market globally.
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The immunohistochemistry segment is expected to dominate the market in 2017
By type, Iso drinks to be the top market share holder by 2021
By type, the global Sports Nutrition market is categorized into Creatine, BCAA, Protein Powder, Iso Drink Powder, Supplement Powder, RTD Protein Drinks, Protein Bars, Carbohydrate/Energy Bars, Iso & Other Sports Drinks and Carbohydrate Drinks. Increasing number of dietitians around the world and consequent prescription of the amount of daily nutritional intake for sportspersons worldwide propels the growth of the market. Changing lifestyle also enables the usage of Sports Nutrition products by recreational users.
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North America to provide more than one-third market share globally
On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and LAMEA regions. North America currently holds the position of the largest market share provider across all regions, and is forecast to provide more than one-third of the global market share by 2021. Europe comes in second in terms of market share, on account of increasing occurrence of fitness centres and bodybuilding. Asia-Pacific provides huge market potential owing to the presence of developing countries like India and China.
Major market companies profiled in the report are PepsiCo Inc., The Coca-Cola Company, Abbott Nutrition Inc., Glanbia Plc., Reckitt Benckiser Group plc, Yakult Honsha Co Ltd, Post Holdings, Inc., GNC Holdings, Clif Bar & Company, and Otsuka Pharmaceuticals Co., Ltd. Other players in the value chain include GlaxoSmithKline PLC, Atlantic Multipower UK Limited, Olimp Laboratories, Ultimate Nutrition Inc., and PowerBar Europe GmbH.
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