North America will dominate $52.6 billion sports-nutrition market in 2020

ALBANY, N.Y. — Sales of sports nutrition products are expected to reach $52.6 billion worldwide in 2020, building from a base of $29.7 billion in 2013 and representing a compound annual growth rate of 8.5% from 2014 to 2020, according to a new market report published Thursday by Transparency Market Research. 

 

According to the report, “Sports Nutrition Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” regular consumers are shifting toward sports nutrition products to fortify their health and to remain active in their busy lives. These products are manufactured with ingredients like creatine, linoleic acid, caffeine and taurine. Increasing health awareness among consumers, rapid urbanization and rise in disposable income are major factors driving the demand for sports nutrition products, Transparency Market Research noted. 

 

North America held the largest market share in the sports nutrition segment and is expected to maintain that position through 2020. However, Asia Pacific is the fastest growing market for sports nutrition products. In addition to the Asia Pacific, Brazil, India and Argentina are some of the major markets in which demand for sports nutrition producst is escalating.