sports drink market
According to Future Market Insights, the global sports drinks market size will reach 30,634.10 Mn in 2023 and will further grow at a 6.0% CAGR throughout the forecast period (2023-2033). Total sports drink sales are projected to total 43,631.75 Mn by the end of 2033.
Growing health awareness of consumers coupled with increasing consumption of sports drinks is a key factor driving the global sports drinks market forward, and this trend is expected to continue during the forecast period.
Sports drinks, commonly referred to as electrolyte drinks, are functional beverages that help athletes replenish fluids, electrolytes and energy, especially during strenuous exercise. They have become an integral part of any exercise routine and are primarily consumed by those seeking health benefits from their beverages.
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Most sports drinks contain carbohydrates (glucose), caffeine, B vitamins, and electrolytes (sodium, magnesium, potassium, calcium). These drinks quickly replenish fluids lost during exercise and provide maximum energy intake.
Growing popularity of fitness activities, rising interest in physical health, and rising number of athletes, especially in emerging countries, are expected to boost the sports drinks market during the forecast period.
Similarly, the ready availability of ready-to-drink functional beverages through various sales channels and the growing interest in functional beverages, such as sports drinks, among sports enthusiasts and millennials have contributed to the enhancement of performance and endurance. Demand will increase as it increases physical fitness and enables vigorous exercise. Over the next 10 years.
Sports drinks are becoming more popular as health awareness increases, especially among millennials. These drinks provide energy and stamina, reduce fatigue, increase endurance, and help rehydrate after exercise. often have.
However, a new study conducted by the University of Waterloo found that sports drinks are not as beneficial to health as claimed. It turns out that this could hamper the expansion of the market to some extent.
Nevertheless, owing to the introduction and popularity of new and innovative sports drinks worldwide, FMI projects a positive growth trajectory for the global sports drinks market during the forecast period.
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Key takeaways from the sports drink market
The overall sports drink market is expected to reach 30,634.10 Mn by 2023.
The North American sports drinks market is expected to register a CAGR of 38% between 2023 and 2033.
The United States, China, Canada, Germany, and Mexico are the major countries driving the demand for sports drinks.
The global market for sports drinks is estimated to exceed 43,631.75 Mn by the end of 2033.
Sports drink market sales grew at a 4.0% CAGR during the historic period from 2017 to 2022.
Competitive Landscape: Sports Drink Market
Major players in the global sports drink market include The Coca-Cola Company, PepsiCo Inc., Gatorade, Powerade, V8, Powerade, Body Armor and others. These companies focus on research and development activities to create innovative products in the market. In addition to this, they are strengthening their distribution channels and forming alliances and partnerships with other companies to solidify their market position.
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Gain valuable insight into the sports drink market
With its new service, FMI provides unbiased analysis of the sports drink market presenting historical demand data (2017-2022) and forecasting statistics for the period (2023-2033). Based on product type (isotonic, hypotonic, hypertonic), form (powder, liquid), packaging material (metal, PET/plastic, glass) and distribution channel (offline, online retail), the study It reveals compelling insights into the demand of the sports beverage market. ), flavors (unflavored, flavored), and regional forecasts from 2023 to 2033.
About Future Market Insights Food & Beverage Division
Expert analysis, actionable insights, and strategic recommendations – Future Market Insights’ food and beverage team assists clients around the world with their unique business intelligence needs. With a repertoire of over 1,000 reports and over 1 million data points, the team has clearly analyzed the food and beverage industry in over 50 countries for over 10 years. This team provides end-to-end research and consulting services. Please contact us.
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Future Market Insights, an ESOMAR accredited market research organization and member of the Greater New York Chamber of Commerce, provides in-depth insight into the controlling factors driving market demand.Uncovers opportunities to drive market growth for various segments based on sources, applications, sales channels, and end-uses over the next decade
This release was published in openPR.