SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Sports Food - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 6451
Companies: 20 - Players covered include Abbott Laboratories, Inc.; Dr Pepper Snapple Group, Inc.; General Mills, Inc.; Glanbia PLC; GlaxoSmithKline PLC; GNC Holdings, Inc.; Monster Beverage Corporation; Nestle SA; Red Bull GmbH; The Coca-Cola Company and Others.
Coverage: All major geographies and key segments
Segments: Distribution Channel (Drug Stores, Supermarkets and Hypermarkets, Online Stores, Convenience Stores); Gender (Male, Female); Product Type (Protein Sports Food, Energy Sports Food, Pre-workout Sports Food, Rehydration Sports Food, Meal replacement Sports Food, Other Product Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Sports Food Market to Reach $100.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Sports Food estimated at US$70.7 Billion in the year 2020, is projected to reach a revised size of US$100.1 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Protein Sports Food, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$34.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Energy Sports Food segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $20.4 Billion in 2021, While China is Forecast to Reach $20.8 Billion by 2026
The Sports Food market in the U.S. is estimated at US$20.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.8 Billion by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Pre-workout Sports Food Segment to Reach US$7.7 Billion by the year 2026
In the global Pre-workout Sports Food segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.2 Billion in the year 2020 will reach a projected size of US$5.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.