The global sports supplements market is witnessing growth. The growth of the industry can be credited to the increase in the count of fitness centers and well-being clubs, where participants are motivated to eat supplements to uphold their physical well-being. The rise in urbanization and growth in the buying power of customers is further propelling the development of the industry.
The development of these establishments is one of the key propellers for the sports supplements industry, providing profitable opportunities to the industry players.
The advanced nations in Europe and North America region are producing major demand in the sports supplements market, credited to the high per-capita income here. The absence of awareness regarding the advantages of sports supplements in emerging nations is a major factor for their low share in the industry. Furthermore, the low per-capita income of customers in emerging and underdeveloped countries has been limiting the development of the industry.
However, customers’ per-capita income is projected to surge, and the rising knowledge in the APAC region relating to profits of sports supplement items is estimated to provide development occasions to the sports supplements industry. Because of this, the developing nations of APAC are projected to be the key development propellers for the industry during the projection period.
Sport is commonly done by younger people; but, in recent years, the older population has also begun to engage in these activities which have been a driving factor for the sports supplement market. The increasing numbers of elderly people participating in these activities are contributing to a growing demand for botanical sports supplements, which is regarded as a healthier option than any other.
The key companies in the worldwide sports supplements industry comprise Creative Edge Nutrition Inc., Atlantic Grupa d.d., GlaxoSmithKline PLC, Enervit S.p.A, Glanbia PLC, GNC Holdings Inc., Herbalife Nutrition Ltd., Glanbia PLC, Scitec Ltd., Nature’s Bounty Co., and Universal Nutrition.
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