The latest intelligence report published by Report Ocean, titled “Global “Asia-Pacific Sports Nutrition Market“2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The Asia-Pacific sports nutrition market has evolved at a rapid pace since past few years. Demand of wide variety of sports supplements, sports drinks and sports food has increased consistently, not only amongst athletes & body builders but also in the mainstream market which comprises lifestyle and recreational users. The penetration of sports drinks & sports food is higher in developed countries such as Japan, Australia and others. The market is in initial phase in China and India, however, is anticipated to witness phenomenal growth in upcoming years. Presently, Japan is the largest market of sports nutrition, followed by China.
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Improving standard of living in developing countries such as China and India, owing to increasing disposable income and urbanization are the major factors supplementing the growth of the market in the Asia-Pacific region. Moreover, increasing health & fitness consciousness and rising number of fitness centers are other major factors fueling the market growth. However, availability of low-priced, cheap and counterfeit products, primarily in countries such as China and India, has emerged to be the major challenge for the players operating in the market.
The Asia-Pacific sports nutrition market is segmented on the basis of product type, end-users, distribution channel and country. Segmentations on the basis of product type include sports drinks, sports supplements and sports food. Sports drink is the largest revenue generating segment in the Asia-Pacific sports nutrition market. However, the sports food segment would exhibit the fastest growth during the forecast period due to increasing mass adoption. Segmentations on the basis of end users comprise bodybuilders, athletes, recreational users and lifestyle users.
Majority of sports nutrition products are distributed through large retail & mass merchandisers, small retail, drug & specialty stores, fitness institutions and online distribution channels. Geographically, the market is segmented into China, Japan, Australia, India and Rest of APAC. Japan is the largest revenue generating country in the Asia-Pacific sports nutrition market, owing to higher adoption of sports drinks and sports food. China, Australia & India are amongst major markets of sports supplements in the region.
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Key Benefits
Current and future trends have been outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the APAC sports nutrition market
The report provides information regarding key drivers, restraints and opportunities with their impact analysis during the forecast period
Quantitative analysis of the current market and forecast for the period of 20152020 have been provided to highlight the financial appetency of the market in various APAC countries
Porters five forces analysis of the APAC sports nutrition market illustrates the potency of the buyers and suppliers participating in the market
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the APAC sports nutrition market.
KEY PLAYERS
Yalult Honsha Co. Ltd.
Universal Nutrition Corporation
The Coca-Cola Company
Glanbia Plc.
CytoSport Holdings Inc.
PepsiCo. Inc.
GNC Holding Inc.
Suntory Beverage and Food Ltd.
Herbalife Nutrition
Otsuka Pharmaceutical Co., Ltd.
SPORTS NUTRITION MARKET SEGMENTATION
The market is segmented on the basis of product type, end user, distribution channel and country.
PRODUCT TYPE
Sports Food
Sports Drinks
Sports Supplements
END USER
Bodybuilders
Athletes
Recreational Users
Lifestyle Users
DISTRIBUTION CHANNEL
Large Retail and Mass Merchandizers
Small Retail
Drug and Specialty Stores
Fitness Institutions (Fitness centers, Gym & Health clubs)
Online & others
COUNTRY
China
Japan
Australia
India
Rest of APAC
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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