The current Mexico Sports Nutrition market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product & service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities & challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -
-Abbott Laboratorios de México SA de CV
-Iovate Health Sciences International Inc.
-Glanbia SA de CV
-Pronat SA de CV
-Hombreave SA de CV
-Weider Global Nutrition
-Universal Nutrition Inc.
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According to the research report, the Mexico Sports Nutrition Market is expected to expand at a CAGR of 1.53% during 2022-27.
Market Definition: Sports nutrients include food products made using ingredients such as vitamins, minerals, vegetable starch, protein, etc., specially designed for athletes & bodybuilders to help them enhance their overall health & performance during their intense workouts by improving their nutritional intake. Thus, sports nutrition is a broad interdisciplinary field that focuses on the science behind & application of proper nutrition during exercise or athleticism.
Key Driver: After seeing solid current value growth during most of the review period, sports nutrition saw a negligible decline in 2020 due to the temporary closure of gyms & the negative economic impact of measures taken to control COVID-19. The loss of jobs & pay cuts forced consumers to reduce their spending, leading to a prioritization of necessities & fewer purchases of sports nutrition products. Besides, those who continued to buy often traded down to less expensive brands. Furthermore, many people slowed down their training pace, therefore, their demand for sports nutrition lessened, leading to volume declines in most categories.
Growth Restraint: Obesity is one of the major health concerns among the population of Mexico, where around 72% of the adults are affected by overweight & obesity. Furthermore, according to the Organization for Economic Co-operation and Development, during 2020-2050, diseases related to being overweight are anticipated to contribute around 8%-9% of the total health expenditure.
However, the factors, including growing government initiatives to combat obesity in the country, adoption of healthy lifestyle routine, and participation of consumers in physical activities, are expected to flourish the Sports Nutrition market in the upcoming years.
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The Market segments are cited below:
Market Divided into, By Product Type
Market Divided into, By Distribution Channel
-Other Distribution Channels
Market Divided into, By Consumer Age Group
-Upto 10 Years
-11 to 18 Years
-19 to 25 Years
-26 to 35 Years
-36 to 40 Years
-Above 41 years
Market Divided into, By Social Class
Regional Landscape includes - Mexico City, Monterrey, Veracruz, Puebla, Others
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Key Citations of the Research Report:
-Influential parameters driving or constraining Market growth
-The Market's response to the Covid-19 pandemic
-A thorough examination of the Market's shifting dynamics
-Assists in determining the profitability by providing thorough insights & assessments of -various segments of the Market
-Key strategies adopted by market leaders to maintain their position in the Market
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