(Food-Beverage-News.Com, November 28, 2017 ) According to the report Asia Pacific Sports Food Market, published by Market Data Forecast, the market is projected to be worth USD 15.01 billion at a CAGR of 9.8% during the forecast period 2017-2022. Sports Food consists of all the required nutrition for an athlete in order to improve his/her performance. It is considered to be an integral part of sports training and provides strength. It also keeps a check on the quantity of food and fluids consumed by an athlete.
Asia Pacific Sports Food Market: Drivers & Restraints Increased demand for nutrition bars, rise in the awareness about various health concerns among people, growing demand for natural ingredients, changed lifestyles are the major factors driving the growth of the market. These products are also being consumed by the general population which is further fuelling the market growth. However, there is a lack of awareness about sports food which is a major market restraint.
Asia Pacific Sports Food Market: Overview Protein based sports food accounts for a major share of the market revenue. Online stores are the most preferred form of distribution channel while males are the largest consumer base for sports food.
Asia Pacific region is predicted to grow at the highest CAGR during the forecast period owing to the increasing population coupled with a rise in the disposable incomes.
Asia Pacific Sports Food Market: Key Players The Sports Food market is highly competitive with a large number of players. Some of the major Companies are Nestle SA, Abbott Laboratories, GlaxoSmithKline Plc, Danone S.A, Red Bull GmbH, Monster Beverage Corp., The Coca-Cola Co., Reckitt Benckiser Group Plc., Dr Pepper Snapple Group Inc., Cliff Bar & Company, GNC Holdings Inc., Alp snack Inc, The Hain Celestial Group, Inc., and Glanbia Plc.
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