Quick Overview of the Mexico Sports Nutrition Market Analysis

The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Mexico Sports Nutrition Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Market Insights & Analysis: Mexico Sports Nutrition Market (2022-27):

According to the latest report, the Mexico Sports Nutrition Market is projected to grow at around CAGR 1.53% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2022-27.

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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.

Market Bifurcations Based on Different Segments:

The Mexico Sports Nutrition Market covered in this report is segmented into:

-By Social Class

  • Upper Income Group
  • Middle Income Group
  • Lower Income Group

Among the three, the Middle Income Group accounts for the largest share in terms of population size in the country. The rising disposable income is one of the prime reasons that empowers the middle-class population to consume sports food & supplements that ultimately fuel the demand for sports nutrition in Mexico. Besides, the rising retail infrastructure facilitates is also enabling the market growth of sports nutrition among middle-class groups in the country as a wide range of sports nutrition products are available in the nearby supermarkets & specialized stores such as Walmart & and Soriana. Furthermore, the growing disposable income would likely expand awareness regarding health & its benefits, innovation, and product availability across the region, during the forecast years.

-By Product Type

  • Sports Drink
  • Sports Supplements
  • Sports Foods

-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

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On the geographical front, the Mexico Sports Nutrition Market expands across the following:

-By Region

  • Mexico City
  • Monterrey
  • Veracruz
  • Puebla
  • Others

Companies Listed in 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

Mexico Sports Nutrition Market Report Table of Contents Includes:

  1. Introduction
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Mexico Sports Nutrition Management Market Pricing Analysis
  5. Competitive Outlook
  6. Disclaimer

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Reasons to Buy the Market Report

  • The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the Mexico Sports Nutrition Marketto plan their strategic investments. 
  • The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.  
  • With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years. 
  • The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the Mexico Sports Nutrition Market. 

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Our specialization in niche industries & emerging Video Analytics 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 14.8 diverse industrial verticals.

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