Market Research Global Sports Nutrition Market | Page 2

Download PDF Brochure
https://www.coherentmarketinsights.com/insight/request-pdf/1018
However, ingredients used in sport nutrition products are imposed with stringent regulations,
which is major factor hindering growth of the market. Such regulations are a key challenge for
manufacturers to launch their products in a competitive market. The Food and Drug
Administration (FDA) has stringent guidelines and regulations regarding entry of nutritional
products in the market such as ban on ingredients such as anabolic steroids, prohormones, and
stimulants.
North America held a dominant position in the global sports nutrition market, accounting for a
share of more than 30% in 2016 and is expected to retain its dominance over the forecast
period. The sports nutrition market in North America was valued at US$ 9.53 billion in 2016,
projecting a CAGR of 4.39% during the forecast period from 2017 to 2025. U.S. is accounted as
the major contributor to the growth of the North America sports nutrition market. According to
the National Collegiate Athletic Association (NCAA), in U.S., over 460,000 student athletes
compete in more than 2 sports activities every year.
Browse Detail Report @
https://www.coherentmarketinsights.com/market-insight/sports-nutrition-market-1018
Asia Pacific is expected to be the fastest growing region, witnessing the highest CAGR of
8.21% during the forecast period. Countries such as China, Japan, South Korea, Malaysia, and
India, are the major contributors to the growth of the market. Owing to the strengthening
economic condition of the emerging economies in the region such as India and China among
others, international manufacturers operating in the sports nutrition market and its subsequent
industries are looking to penetrate this region for better expansion opportunities. For instance,
in 2017, Roquette, a global leader in innovative plant-based ingredients, opened new offices and
an innovation center in Singapore, thereby, increasing its focus on the nutritional and health
challenges in the region.
Major Players in the Global Sports Nutrition Market
The major players operating in the global sports nutrition market include GlaxoSmith & Kline
Plc, Maximum Human Performance LLC, Glanbia Nutritionals, Optimum Nutrition (ON), Bio-
Engineered Supplements and Nutrition, Inc. (BSN), Abbott Nutrition, PepsiCo, Hormel Food
Corporation, and GNC Holdings Inc.