FDBusiness.com

Sport food to outpace food drink by 2020

 Breaking News
  • New Chief Executive For Tate & Lyle Tate & Lyle, a global provider of ingredients and solutions to the food, beverage and other industries, with operations in over 30 locations worldwide, has appointed Nick Hampton as Chief Executive with effect from 1 April 2018. Nick Hampton is currently Chief Financial Officer and a Board member of Tate & Lyle. Nick Hampton succeeds Javed [...]...
  • Müller Direct Next Generation Müller, Britain’s biggest producer of branded and private label fresh milk, butter, yogurt, desserts and dairy ingredients, has announced a new initiative to help ambitious young farmers build vibrant dairy businesses for the future. Müller will initially work closely with a group of approximately 25 Müller Direct young farmers who have the potential to create [...]...
  • New Geographical Indication From the Netherlands The Commission has approved the addition of a new product from The Netherlands to the quality register of Traditional Speciality Guaranteed (TSG). ‘Suikerstroop’ is dark brown syrup made of the syrupy liquid left behind during the production of sugar from sugar beet or sugar cane. It has a sweet taste due to its large sugar content (at [...]...
  • Firmenich Extends Capability to Design Innovative and Sustainable Natural Ingredients Firmenich has established an exclusive partnership with Blue Marble Biomaterials, a leading US biotechnology company specialized in natural and sustainable ingredients. With this partnership Firmenich gains direct access to key expertise, from biomimicry to non-GM fermentation, enabling the design of innovative and sustainable natural ingredients for the food, beverage and flavor industries. “At Firmenich, we are committed to [...]...
  • Tetra Pak Pledges Support For EU Plastics Strategy Tetra Pak has pledged to support the European Commission’s Plastics Strategy, announced as part of the EU Action Plan for a Circular Economy. The company will: Work with industry partners to ensure that by 2030, recycling solutions are in place for all components of beverage cartons so they can be fully recycled across Europe; Substantially increase the use [...]...

Sport food to outpace food drink by 2020

Sport food to outpace food drink by 2020
December 14
12:17 2015

Sports drinks may have accounted for the largest share of the sports nutrition market in 2014, but sports food is expected to witness the highest growth for 2015 – 2020 according to a report from P&S Market Research.

The report predicted growth of 9.7% for sorts food in this period.

The global sports nutrition market overall was valued at $24,700.4 million (€22514.27m) in 2014, and it was ex ected to row at a com ound annual rowth rate CAGR of 8.3% durin the eriod 2015 – 2020.

Within this the North American market was the largest in 2014. Key globally operating companies included PepsiCo, Glanbia, GNC, Coca-Cola, MaxiNutrition GSK , Universal Nutrition and Clif Bar & Company.

Some of the major drivers behind the growth of the sports nutrition market include increasing urbanization, growing number of fitness centers and health clubs, and increasing health consciousness among people,”the report said.

The market had witnessed an “exceptional shirr in recent years, with sports nutrition products previously intended for athletes and body builders increasingly attracting a young non-athlete consumer group.

With consumer demand up, competition had also increased.

“To meet the requirement of epanded consumer base, manufacturers need to invest in new product development.”

This new consumer base wanted not just health benefits but good tasting products too. However the authors said challenges for the sector remained.

“Negative perceptions about inclusion of questionable ingredients such as steroids and other banned substances, and availability of various health substitutes, are some of the challenges faced by the industry.”

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 17, 2018Anfas Food Product
  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements