The global sports food market is expected to grow at
a CAGR of 9.2% in terms of value during 2016 - 2022. Among the various types,
the energy bars segment accounted for the largest share (71.4%) in the global sports food market in 2015.
The global sports food market has been growing due
to factors, such as surging urbanization and growing numbers of fitness centers
and health clubs. The consumers in the sports nutrition market tend to move
from tastier sports foods to healthier ones. During the course of their
purchase of sports food, the consumer keenly looks for the ingredients
involved. The manufacturers are trying
to bring about products with the best blend of taste and healthy ingredients.
They have started to concentrate on the sugar content in their product offering.
The demand for bars with organic ingredient has grown significantly, especially
in the developed countries. With the increasing instances of celiac disease,
the sports food manufacturers are choosing ingredients such as sunflower seeds,
quinoa, brown rice flour, pea and rice protein, tapioca syrup, cacao nibs and
organic agave, in order to match the consumer needs.
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Report Sample at: https://www.psmarketresearch.com/market-analysis/sports-food-market/report-sample
The developed countries such as the U.S. and
countries in Europe, still remain major markets for sports food products;
however the emerging economies in Asia-Pacific are expected to be major growth
drivers for the market. The low awareness in the developing countries, as
compared to the western markets is the key reason for less market share of
eastern countries, in the global sports food market. Moreover, the low
disposable income of consumers and use of products limited only to athletes and
bodybuilders have also been hindering the growth of the global sports food
market earlier.
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