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Bodybuilders and Baby
Boomers expected to pump up
Sports Nutritional Products sales to $12.7
billion by 2011!
NEW YORK, Aug. 14 /PRNewswire/
-- Retail sales of sports nutritionals,
including powerhouse players such as Gatorade
and Red Bull, reached $5.5 billion in 2006, up
23% from $4.5 billion in 2005, and will continue
to press forward, reaching a projected $12.7
billion by 2011, according to Sports
Nutritionals for Active Lifestyles in the U.S.,
a new report from market research publisher
Packaged Facts.
Driven by continuing trends
in health & wellness and balanced eating as
aging Baby Boomers look for more ways to prolong
life and delay old age, sports beverages will
lead growth while bars and gels & supplements
will grow at more modest levels.
Historically marketed to
athletes with specific sports and performance
needs-including strength and bodybuilding
supplements, fat burners/lean mass products,
short-term energy products, and long-term
endurance products-the market has evolved to
include active lifestyle and health & wellness
benefits.
This broader categorization
includes new products that address not only
physical needs such as hydration, sustenance,
and refreshment, but also intellectual needs,
such as mental clarity and acuity. It also takes
into consideration the variety of consumers,
from marathon runners to moms, who purchase
these products.
"This broader
classification may be the boost needed for
developing new product introductions, line
extensions, and branded consumer platforms,
which are the keys to lasting success in sports
nutritionals," notes Tatjana Meerman, Publisher
of Packaged Facts. "Given the range of sports
and fitness activities and the untold numbers of
Americans who engage in no particular exercise
program, a narrow focus on serious sports
enthusiasts is a thing of the past."
Sports Nutritionals for
Active Lifestyles in the U.S. provides a
comprehensive look at the growing market for
nutritional products that are used to
enhance sports and activity performance. The
report examines new product trends, offers
competitive profiles of industry leaders,
and looks at consumer trends and behaviors.
The report is available from Packaged Facts
by visiting:
https://www.packagedfacts.com/Sports-Nutritional-Products-1209576.
It is also available at MarketResearch.com.