LONDON--(BUSINESS WIRE)--The global sports nutrition market is expected to grow at a CAGR of almost 8% during 2020-2024, according to the latest market research report by Technavio. The research report offers a detailed analysis on the pandemic impact, emerging opportunities, and business recovery options for the stakeholders in the consumer staples industry. The pandemic-oriented insights provided in the report also help clients in getting updated with vendor movements, logistics and supply chain operations in the related markets facing direct & indirect COVID-19 impact.
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Consumer Staples Industry and Market Highlights
- Consumer staples industry will have Positive impact due to the pandemic
- Sports nutrition market is expected to witness Positive growth during 2024-2024
- Consumer staples industry will witness Direct impact while heading toward the new normal
- Sports nutrition market demand is likely to Increase in 2020 compared to 2019 due to Positive YOY
The expansion of distribution channels has been a prominent factor in boosting the market growth during the forecast period. Increasing use of innovative ingredients will also impact the market as well as food products industry positively in the forthcoming years.
By product, the non-protein sports nutrition segment is expected to dominate the sports nutrition market during the forecast period. Factors responsible for this growth are the availability of convenient products, the rising demand from mainstream consumers, and the rising popularity of clean label products.
By geography, North America held the largest sports nutrition market share during 2020-2024. The region will contribute the highest growth due to factors such as growing demand for sports nutrition products, inclination toward healthy eating and RTD, the growing number of health clubs, and the rising demand for meal-replacement powders.
Technavio’s vendor landscape provides a framework to estimate the growth map for various markets in the food products industry, while also categorizes the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters. Some of the prominent players in the market are: Abbott Laboratories, Clif Bar & Co., Glanbia Plc, Klean Athlete, and Momentous.
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Consumer Staples: Related Reports
Global Sports Supplement Market: The global sports supplement market will witness a CAGR of over 8% during 2020-2024, according to Technavio. To get extensive research insights, Download Free Sample
Global Dietary Supplements Market: The global dietary supplements market will witness a CAGR of over 4% during 2020-2024, according to Technavio. To get extensive research insights, Download Free Sample
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