The Mexico Sports Nutrition Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.
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Understanding Mexico Sports Nutrition Market Dynamics
Mexico Sports Nutrition Market Overview: -
The Mexico Sports Nutrition market is projected to grow at a CAGR of around 1.53% during the forecast period, i.e., 2022-27. The Mexico Sports Nutrition market witnessed considerable growth during 2017-2019, owing to the rising awareness among the residents & increased emphasis of the government to promote the adoption of a healthy lifestyle to overcome the growing prevalence of obesity among the residents. Sedentary lifestyles & consumption of ultra-high processed foods rich in sugar, salt, and calories are the prime factors contributing to a major share in mortality rates in the country. According to OECD, around 73% of Mexicans are overweight, with over 34% being morbidly obese, leading to a significant increase in illnesses such as diabetes & cardiovascular diseases.
Regional Analysis:
- Mexico City
- Monterrey
- Veracruz
- Puebla
- Others
Competitor Breakdown| Top Mexico Sports Nutrition Companies
- Abbott Laboratorios de México SA de CV
- MusclePharm Corp
- Iovate Health Sciences International Inc.
- Glanbia SA de CV
- Herbalife Nutrition
- Pronat SA de CV
- Twinlab Corp
- Hombreave SA de CV
- Weider Global Nutrition
- Universal Nutrition Inc.
- Others
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Mexico Sports Nutrition Market - Segmentation Highlights:
By Product Type
- Sports Drink
- Isotonic
- Hypotonic
- Hypertonic
- Sports Supplements
- Probiotics
- Omega -3
- Carbohydrates
- Protein
- Vitamin
- Minerals
- Amino Acids
- Sports Foods
- Protein Bars
- Energy Bars
- Protein Gels
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Fitness Institutions
- Online Stores
- Other Distribution Channels
By End-User
- Athletes
- Bodybuilders
- Recreational Users
- Lifestyle Users
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
By Social Class
- Upper
- Middle
- Lower
Mexico Sports Nutrition Market Dynamics:
Key Factor Driving Market–
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.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the Mexico Sports Nutrition Market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the Mexico Sports Nutrition Industry?
- Which specific Mexico Sports Nutrition market segments should industry competitor target to capitalize on recent technological advancements?
- What is the projected growth rate of the Mexico Sports Nutrition market?
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