EVERYTHING ON YOUR FINGERTIPS
The sports nutrition market collected a revenue worth around $13,900.0 million in 2018. It is predicted to reach up to $35,350 million by 2026. Which means a growth at a CAGR of 12.9%.
This makes us sure that the market is an exponentially rising one.
During the pandemic, the world is said to go through a really extensive recession. The Nutrition Enhancers Market is one of the very few ones which take exception. This one will show growth even further. This is because people are aiming for a better health to keep away from COVID-19.
|CAGR BEFORE COVID-19||CAGR AFTER COVID-19||REAL TIME BPS||Estimate market Size, 2020,
|REALTIME MARKET SIZE, 2020, POST COVID-19|
|8.6%||12.9%||432˄||USD 16,445.4 Million||USD 17,497.9 Million|
BOOMERS AND DECLINERS
Sports nutrition and supplements play a major role in maintenance of a diet to improve athletic performance. Rapid growth in consumption of nutritional products due to increasing awareness among athletes about importance of supplements to maintain fitness will accelerate the market growth. Plus, urban population’s rising love for fitness of the body and increasing number of fitness centers are enhancing the growth. Moreover, growing knowledge about health benefits is also estimated to boost the sports nutrition and supplements growth. (This can be due to consumption of better goods)
The sports nutrition and supplements will experience a remarkable growth in 2020. It is expected that the trend will continue during the forecast period. This market will continue its growth even after recovery from COVID-19 pandemic. At this time of crisis, most of the manufacturers are emphasizing on R&D activities to develop novel products on the basis of customer personalization & customization. These are generating heavy growth prospects in the market.
There is rapidly increasing trend for online fitness and body maintenance programs. This is due to internet penetration. This which will accelerate the growth of the market in the coming years. For an example, TRX introduced new product “TRX Home 2 suspension training kit”, which is a simple procedure of exercises program to achieve fitness goals and weight loss & gain.