Mexico Sports Nutrition Market Insights: USD Value Evaluation for 2027, Showcasing a CAGR of 1.53% – MarkNtel Advisors
Market Overview: Mexico Sports Nutrition Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Mexico Sports Nutrition Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Mexico Sports Nutrition Market Insights 2022-27
The Mexico Sports Nutrition Market is estimated to grow at a CAGR of around 1.53% during the forecast period 2022-27.
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Driving Innovation: Exploring the Mexico Sports Nutrition Market and its Key Driver
Key Drivers: Opening of Gyms during Post COVID-19 Recovery
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.
Moreover, the outburst of COVID-19 negatively affected the dietary intake, fitness, and training of athletes, bodybuilders, and lifestyle users as the closure of gyms & fitness centers resulted in the reduction of their physical activity. Hence, this increased the problem of overweight & other health-related issues among the population, which as a result showed a steep decline in the Sports Nutrition market. However, as the situation recovered post-COVID-19, the gym owners started their fitness facilities which have been motivating the athletes, bodybuilders, and other fitness-oriented individuals to regain their interest in sports nutrition, fitness, and losing weight. Consequently, this post-COVID-19 recovery countersigned the strongest growth for sports protein powders & protein/energy bars, as consumers are more focused on their physical progress & health. Thus, these initiatives intensified the Sports Nutrition market in Mexico on a large scale.
Top Players in the Mexico Sports Nutrition Market:
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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Segmentation Analysis of Mexico Sports Nutrition Market
Mexico Sports Nutrition Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
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
- Fitness & Sports industry has shown exponential growth during the historical period.
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
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A Comprehensive Geographical Analysis:
By Region
-Mexico City
-Monterrey
-Veracruz
-Puebla
-Others
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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