Sports Food Market - Industry analysis, Trends, Estimation & Forecast, 2016 - 2024

November 2017

 ERC 8696

Nutrition plays an important role in supporting the training and competition demands of athletes – recreational or elite – in any sport. Sports food is the food specially formulated to help people achieve specific nutritional or sporting performance goals. They are intended to supplement the diet of sports people rather than be the only or main source of nutrition. Now-a-days, the young, non-athletic demographic profile people are also attracted towards sports food instead of the snack bars or chocolates consumed by them. Such additions in the consumer pool of sports food will determine the future growth of the market globally.

Market Determinants

The prime factor driving the growth of global sports food market is the increasing number of fitness centers and health clubs. Moreover, rapid urbanization and the rising disposable income of people are likely to drive the global sports food market. Whereas, high price of sports food, and limited availability of sports food in the undeveloped countries are the major hurdles in the growth of the market. However, new product development in sports food and exploring the untapped areas of the undeveloped countries are expected to create huge opportunities for the growth of market in the coming years.

Segment Analysis

The global sports food market is segmented on the basis of type, gender, distribution channel, and geography. By type, the market is segmented into energy-based sports food, protein-based sports food, rehydration-based sports food, meal replacement sports food, and others. On the basis of gender, the market is segmented into male and female. According to the Bureau of Labour Statistics, men are slightly more likely than women to participate in sports and exercise activities on an average day. Thus, the male segment is expected to contribute significantly to the global sports food market. By distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, drug stores, online retail, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest market for sports food, owing to the increasing number of sports enthusiasts and their rising health concerns in the region.

Some reputed players in the global pool of sports food vendors are Clif Bar & Company, MusclePharm, Nestle SA, Alpsnack Inc, The Hain Celestial Group, Inc, Met-Rx Substrate Technology, Inc., Reckitt Benckiser Group Plc, Danone S.A, Glanbia Plc, and PepsiCo. In April 2017, Clif Bar & Company, a leading manufacturer of nutritious and organic foods, introduced the category-first CLIF Nut Butter Filled Energy Bar in Canada. Crafted for athletes and adventurers, it is available in four flavors: Chocolate Hazelnut Butter, Chocolate Peanut Butter, Coconut Almond Butter and Peanut Butter.

SPORTS FOOD MARKET SEGMENTATION

By Type
• Energy-based sports food
• Protein-based sports food
• Rehydration-based sports food
• Meal replacement sports food
• Others (Sports gels)

By Gender
• Male
• Female

By Distribution Channel
• Traditional trade channels
o Supermarkets and Hypermarkets
o Convenience Stores
o Drug Stores
o Others
• Modern trade channel
o Online retail

By Geography
• North America
o U.S.
o Canada
o Rest of North America
• Europe
o Germany
o France
o Italy
o Russia
o Spain
o UK
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Rest of the World
o Latin America
o Middle East
o South Africa

KEY MARKET PLAYERS

• Clif Bar & Company
• MusclePharm
• Nestle SA
• Alpsnack Inc
• The Hain Celestial Group, Inc
• Met-Rx Substrate Technology, Inc.
• Reckitt Benckiser Group Plc
• Danone S.A
• Glanbia Plc.
• PepsiCo

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    What Information does this report contain?

    • What was the market size of the Sports Food Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Sports Food Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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