US Sports Nutrition Market by Distribution Channel, Product and End-user - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 151 SKU: IRTNTR76514

US - Sports Nutrition Market 2023-2027

The US - Sports Nutrition Market size is projected to increase by USD 4,904.35 million and the market size is estimated to grow at a CAGR of 8.31% between 2022 and 2027.

This US sports nutrition market report extensively covers market segmentation by distribution Channel (offline and online), product (non-protein sports nutrition, protein powder, protein RTD, and protein bar), and end-user (fitness enthusiasts, athletes, body builders, and lifestyle users). Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

Growing health and fitness awareness is notably driving the market growth. As people become more aware of their health and fitness, they seek ways to optimize their workouts and athletic performance. Sports nutrition products, such as protein supplements, amino acids, and energy boosters, provide the nutritional support needed to achieve fitness goals. With a focus on achieving and maintaining a healthy body weight and composition, individuals turn to sports nutrition products for help. Such products can include meal replacement shakes, fat burners, and metabolism boosters. In addition to that, the shift toward healthier lifestyles includes a focus on clean eating and nutrition. Consumers are more likely to select sports nutrition products with natural ingredients, minimal additives, and clean labels which can have a positive impact on the  US - sports nutrition market growth. Therefore, the growing health and fitness awareness in the US has fueled the demand for sports nutrition products, which, in turn, will drive the growth of the sports nutrition market in US during the forecast period.

US Sports Nutrition Market: Overview

The USSports Nutrition Market shows an accelerated CAGR during the forecast period.

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Trends

Increased demand for nutritional support is an emerging trend shaping the market growth. The rising interest in fitness and physical performance has led individuals to seek nutritional support to optimize their workouts and athletic endeavors. As people engage in more intense workouts, there is an increased need for products that facilitate post-workout recovery. Recovery supplements, including amino acids, branched-chain amino acids (BCAAs), and electrolyte blends, help reduce muscle soreness and speed up recovery. Many individuals seek sports nutrition products for weight management, whether they want to lose fat or gain lean muscle mass. Meal replacement shakes and thermogenic supplements are popular choices for those looking to manage their weight.

Moreover, fitness influencers and social media platforms play a significant role in promoting the demand for nutritional support which supports the US - sports nutrition market expansion. These influencers often share their fitness journeys and endorse sports nutrition products, influencing their followers to try them. Thus, the increasing demand for nutritional support will drive the growth of the sports nutrition market in the US during the forecast period.

Challenge 

Quality and safety concerns related to sports nutrition products are a significant challenge hindering the market growth. Ensuring the quality and safety of raw ingredients is critical. The source of ingredients, including protein sources such as whey or plant-based proteins, must be reliable and meet purity standards. Contaminated or subpar ingredients can pose health risks. Consistency in product quality is crucial. Consumers expect that each batch of a product will meet the same high-quality standards. Proper handling and labeling of allergens such as soy, dairy, and gluten are essential to prevent allergic reactions among consumers with sensitivities. Moreover, the US - sports nutrition market is subject to strict regulatory oversight, and non-compliance can lead to legal and reputational consequences.

In addition, companies should provide detailed information on their websites and product labels, offering transparency regarding ingredient sourcing, manufacturing facilities, and testing procedures. Thus, the presence of quality and safety concerns will impede the growth of the sports nutrition market in US during the forecast period.

US Sports Nutrition Market Segmentation by Product 

Non-protein sports nutrition refers to a category of nutritional supplements and products that are designed to support the nutritional needs of athletes, fitness enthusiasts, and active individuals but do not primarily focus on protein content. Athletes may use weight management supplements to support their goals, including fat burners, appetite suppressants, and meal replacement products. Thus, the requirement for carbohydrate supplements, electrolyte supplements, and creatine supplements will contribute to the growth of non-protein sports nutrition products, which will propel the sports nutrition market in US during the forecast period.

US Sports Nutrition Market Segmentation by Distribution Channel

The market share growth by the offline segment will be significant during the forecast period. Growing awareness about the importance of a healthy lifestyle and fitness has led to an increased demand for sports nutrition products. Consumers are seeking out these products in physical stores for immediate access and advice from experts. Offline physical stores allow customers to sample products before making a purchase. This first-hand experience can significantly influence buying decisions, as customers can taste, smell, or feel the products. 

The offline segment was the largest and was valued at USD 5,832.58 million 2017

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Offline retailers can conduct targeted marketing campaigns and promotions in their physical stores, attracting customers through in-store displays, signage, and events. This can lead to increased foot traffic and sales. For instance, specialty supplement stores focus primarily on selling sports nutrition supplements, including protein powders, amino acids, vitamins, and minerals. Many pharmacies and drugstores carry sports nutrition products, offering convenience for customers looking for supplements alongside their other health-related purchases. Larger grocery chains often have sections dedicated to health and wellness, where sports nutrition products can be found. Manufacturers and retailers often engage in marketing and promotional activities to attract customers to their offline stores. This includes in-store displays, promotions, loyalty programs, and partnerships with fitness professionals. Thus, these factors will drive the growth of the offline segment, which will boost the market in focus during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- Clif Bar and Co. - The company offers sports nutrition products such as Peanut butter with dark chocolate flavor, Cool mint chocolate, and White chocolate macadamia nut flavor. 
  • Key Offering- Glanbia plc - The company offers sports nutrition products under the brand Optimum Nutrition to help motivated and committed athletes everywhere reach their performance goals. 
  • Key Offering- GNC Holdings LLC - The company offers sports nutrition products under the brands Cellucor, Xtend, and Kaged Muscle.

The US sports nutrition market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Abbott Laboratories
  • GNC Holdings LLC
  • GoodSport Nutrition
  • Hormel Foods Corp.
  • Ingredion Inc.
  • Iovate Health Sciences International Inc.
  • Mondelez International Inc.
  • MusclePharm
  • Nestle SA
  • NOW Health Group Inc.
  • Nutra Solutions USA
  • Nutrisport Pharmacal Inc.
  • PepsiCo Inc.
  • Post Holdings Inc.
  • Quest Nutrition and Athletics
  • SDC Nutrition Inc.
  • The Coca Cola Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The US sports nutrition market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Distribution Channel Outlook (USD Million, 2017 - 2027) Offline Online
  • Product Outlook (USD Million, 2017 - 2027) Non-protein sports nutrition Protein powder Protein RTD Protein bar
  • End-user Outlook (USD Million, 2017 - 2027) Fitness enthusiasts Athletes Body builders Lifestyle users
US Sports Nutrition Market Scope
Report Coverage Details
Page number 151
Base year 2022
Historic period 2017-2021
Forecast period 2023-2027
Growth momentum & CAGR Accelerate at a CAGR of 8.31%
Market growth 2023-2027 USD 4,904.35 million
Market structure Fragmented
YoY growth 2022-2023(%) 7.67
Competitive landscape Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled Abbott Laboratories, Clif Bar and Co., Glanbia plc, GNC Holdings LLC, GoodSport Nutrition, Hormel Foods Corp., Ingredion Inc., Iovate Health Sciences International Inc., Mondelez International Inc., MusclePharm, Nestle SA, NOW Health Group Inc., Nutra Solutions USA, Nutrisport Pharmacal Inc., PepsiCo Inc., Post Holdings Inc., Quest Nutrition and Athletics, SDC Nutrition Inc., The Coca Cola Co., and Twinlab Consolidated Holdings Inc.
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this US Sports Nutrition Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the sports nutrition market in US size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across US
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of sports nutrition market in US companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 08: Parent market
    • Exhibit 09: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 10: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 11: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 12: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 13: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 14: Chart on US: Year-over-year growth 2022-2027 (%)
      • Exhibit 15: Data Table on US: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Sports nutrition market in US 2017 - 2021
      • Exhibit 16: Historic Market Size – Data Table on sports nutrition market in US 2017 - 2021 ($ million)
    • 4.2 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 17: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 18: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 20: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 27: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 28: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 29: Chart on Comparison by Distribution Channel
      • Exhibit 30: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 31: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 32: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 33: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 34: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 35: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 37: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 38: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 39: Market opportunity by Distribution Channel ($ million)
      • Exhibit 40: Data Table on Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 41: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 42: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 43: Chart on Comparison by Product
      • Exhibit 44: Data Table on Comparison by Product
    • 7.3 Non-protein sports nutrition - Market size and forecast 2022-2027
      • Exhibit 45: Chart on Non-protein sports nutrition - Market size and forecast 2022-2027 ($ million)
      • Exhibit 46: Data Table on Non-protein sports nutrition - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Chart on Non-protein sports nutrition - Year-over-year growth 2022-2027 (%)
      • Exhibit 48: Data Table on Non-protein sports nutrition - Year-over-year growth 2022-2027 (%)
    • 7.4 Protein powder - Market size and forecast 2022-2027
      • Exhibit 49: Chart on Protein powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Data Table on Protein powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Chart on Protein powder - Year-over-year growth 2022-2027 (%)
      • Exhibit 52: Data Table on Protein powder - Year-over-year growth 2022-2027 (%)
    • 7.5 Protein RTD - Market size and forecast 2022-2027
      • Exhibit 53: Chart on Protein RTD - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Data Table on Protein RTD - Market size and forecast 2022-2027 ($ million)
      • Exhibit 55: Chart on Protein RTD - Year-over-year growth 2022-2027 (%)
      • Exhibit 56: Data Table on Protein RTD - Year-over-year growth 2022-2027 (%)
    • 7.6 Protein bar - Market size and forecast 2022-2027
      • Exhibit 57: Chart on Protein bar - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Data Table on Protein bar - Market size and forecast 2022-2027 ($ million)
      • Exhibit 59: Chart on Protein bar - Year-over-year growth 2022-2027 (%)
      • Exhibit 60: Data Table on Protein bar - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Product
      • Exhibit 61: Market opportunity by Product ($ million)
      • Exhibit 62: Data Table on Market opportunity by Product ($ million)

    8 Market Segmentation by End-user

    • 8.1 Market segments
      • Exhibit 63: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 64: Data Table on End-user - Market share 2022-2027 (%)
    • 8.2 Comparison by End-user
      • Exhibit 65: Chart on Comparison by End-user
      • Exhibit 66: Data Table on Comparison by End-user
    • 8.3 Fitness enthusiasts - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Fitness enthusiasts - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Fitness enthusiasts - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Fitness enthusiasts - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Fitness enthusiasts - Year-over-year growth 2022-2027 (%)
    • 8.4 Athletes - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Athletes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Athletes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Athletes - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Athletes - Year-over-year growth 2022-2027 (%)
    • 8.5 Body builders - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Body builders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Body builders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Body builders - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Body builders - Year-over-year growth 2022-2027 (%)
    • 8.6 Lifestyle users - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Lifestyle users - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Lifestyle users - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Lifestyle users - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Lifestyle users - Year-over-year growth 2022-2027 (%)
    • 8.7 Market opportunity by End-user
      • Exhibit 83: Market opportunity by End-user ($ million)
      • Exhibit 84: Data Table on Market opportunity by End-user ($ million)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 86: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 87: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 88: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 89: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 90: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 91: Matrix on vendor position and classification
            • 12.3 Clif Bar and Co.
              • Exhibit 92: Clif Bar and Co. - Overview
              • Exhibit 93: Clif Bar and Co. - Product / Service
              • Exhibit 94: Clif Bar and Co. - Key offerings
            • 12.4 Glanbia plc
              • Exhibit 95: Glanbia plc - Overview
              • Exhibit 96: Glanbia plc - Business segments
              • Exhibit 97: Glanbia plc - Key offerings
              • Exhibit 98: Glanbia plc - Segment focus
            • 12.5 GNC Holdings LLC
              • Exhibit 99: GNC Holdings LLC - Overview
              • Exhibit 100: GNC Holdings LLC - Product / Service
              • Exhibit 101: GNC Holdings LLC - Key offerings
            • 12.6 GoodSport Nutrition
              • Exhibit 102: GoodSport Nutrition - Overview
              • Exhibit 103: GoodSport Nutrition - Product / Service
              • Exhibit 104: GoodSport Nutrition - Key offerings
            • 12.7 Hormel Foods Corp.
              • Exhibit 105: Hormel Foods Corp. - Overview
              • Exhibit 106: Hormel Foods Corp. - Business segments
              • Exhibit 107: Hormel Foods Corp. - Key news
              • Exhibit 108: Hormel Foods Corp. - Key offerings
              • Exhibit 109: Hormel Foods Corp. - Segment focus
            • 12.8 Ingredion Inc.
              • Exhibit 110: Ingredion Inc. - Overview
              • Exhibit 111: Ingredion Inc. - Business segments
              • Exhibit 112: Ingredion Inc. - Key news
              • Exhibit 113: Ingredion Inc. - Key offerings
              • Exhibit 114: Ingredion Inc. - Segment focus
            • 12.9 Iovate Health Sciences International Inc.
              • Exhibit 115: Iovate Health Sciences International Inc. - Overview
              • Exhibit 116: Iovate Health Sciences International Inc. - Product / Service
              • Exhibit 117: Iovate Health Sciences International Inc. - Key offerings
            • 12.10 Mondelez International Inc.
              • Exhibit 118: Mondelez International Inc. - Overview
              • Exhibit 119: Mondelez International Inc. - Business segments
              • Exhibit 120: Mondelez International Inc. - Key news
              • Exhibit 121: Mondelez International Inc. - Key offerings
              • Exhibit 122: Mondelez International Inc. - Segment focus
            • 12.11 MusclePharm
              • Exhibit 123: MusclePharm - Overview
              • Exhibit 124: MusclePharm - Product / Service
              • Exhibit 125: MusclePharm - Key offerings
            • 12.12 Nestle SA
              • Exhibit 126: Nestle SA - Overview
              • Exhibit 127: Nestle SA - Business segments
              • Exhibit 128: Nestle SA - Key news
              • Exhibit 129: Nestle SA - Key offerings
              • Exhibit 130: Nestle SA - Segment focus
            • 12.13 NOW Health Group Inc.
              • Exhibit 131: NOW Health Group Inc. - Overview
              • Exhibit 132: NOW Health Group Inc. - Product / Service
              • Exhibit 133: NOW Health Group Inc. - Key offerings
            • 12.14 PepsiCo Inc.
              • Exhibit 134: PepsiCo Inc. - Overview
              • Exhibit 135: PepsiCo Inc. - Business segments
              • Exhibit 136: PepsiCo Inc. - Key news
              • Exhibit 137: PepsiCo Inc. - Key offerings
              • Exhibit 138: PepsiCo Inc. - Segment focus
            • 12.15 Post Holdings Inc.
              • Exhibit 139: Post Holdings Inc. - Overview
              • Exhibit 140: Post Holdings Inc. - Business segments
              • Exhibit 141: Post Holdings Inc. - Key offerings
              • Exhibit 142: Post Holdings Inc. - Segment focus
            • 12.16 Quest Nutrition and Athletics
              • Exhibit 143: Quest Nutrition and Athletics - Overview
              • Exhibit 144: Quest Nutrition and Athletics - Product / Service
              • Exhibit 145: Quest Nutrition and Athletics - Key offerings
            • 12.17 The Coca Cola Co.
              • Exhibit 146: The Coca Cola Co. - Overview
              • Exhibit 147: The Coca Cola Co. - Business segments
              • Exhibit 148: The Coca Cola Co. - Key news
              • Exhibit 149: The Coca Cola Co. - Key offerings
              • Exhibit 150: The Coca Cola Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 151: Inclusions checklist
                • Exhibit 152: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 153: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 154: Research methodology
                • Exhibit 155: Validation techniques employed for market sizing
                • Exhibit 156: Information sources
              • 13.5 List of abbreviations
                • Exhibit 157: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

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                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
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                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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