The Mexico Sports Nutrition market is projected to grow at a CAGR of around 1.53% during the forecast period, i.e., 2022-27.
Mexico Sports Nutrition Market Overview
MarkNtel Advisors Research’s comprehensive study of the Mexico Sports Nutrition Market includes detailed geographical insights and a thorough analysis of the competitive landscape. This report offers essential information for companies and investors aiming to leverage the market’s significant potential for growth.
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Mexico Sports Nutrition Market Scope and Methodology
The market study of Mexico Sports Nutrition employs a thorough and comprehensive approach, utilizing both primary and secondary data sources. Quantitative tools are employed to estimate market size, growth rates, and trends, while qualitative methods explore consumer preferences, competitive landscape, and regulatory influences. SWOT analysis and Porter’s Five Forces model are valuable for assessing market dynamics and competitive positioning. This holistic methodology delivers precise insights into the nuances of the Mexico Sports Nutrition industry, offering a robust foundation for strategic planning and informed decision-making.
Driving Innovation: Exploring the Mexico Sports Nutrition Market and its Market Dynamics
Potential Challenges: High Obesity Rate to Hamper the Market Growth
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.
Additionally, the key factor for the rising obesity rate in the country is attributed to the low physical activity of the population. According to the National Institute of Statistics and Geography, around 57.9% of the population, aged 18 years & above do not participate in any physical activity. This was accounted for due to the lack of time, fatigue from work, or health problems. Hence, this has been one key challenge that restricts the expansion of the consumption of sports nutrition in the country.
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.
Mexico Sports Nutrition Market Segmentation
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
By Region
-Mexico City
-Monterrey
-Veracruz
-Puebla
-Others
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Mexico Sports Nutrition Market Key Players
-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
Key questions answered in the Mexico Sports Nutrition Market are:
- What is Mexico Sports Nutrition?
- What was the Mexico Sports Nutrition market size?
- What are the different segments of the Mexico Sports Nutrition Market?
- What growth strategies are the players considering to increase their presence in Mexico Sports Nutrition?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Mexico Sports Nutrition Market?
- What major challenges could the Mexico Sports Nutrition Market face in the future?
- What segments are covered in the Mexico Sports Nutrition Market?
- Who are the leading companies and what are their portfolios in Mexico Sports Nutrition Market?
- What segments are covered in the Mexico Sports Nutrition Market?
- Who are the key players in the Mexico Sports Nutrition market?
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