Sports Drink Market Size, Popular Trends, Technological Developments To Watch Out For Near Future
Market Scope
Market Research Future (MRFR) believes that the Sports Drink
Market Size can perform significantly and continue to soar at a decent rate
between 2020 and 2027 (review period).
Growth Drivers and Impediments
The mounting number of athletes paired with the escalation in the
number of sportspersons, especially in emerging nations can be a huge growth
booster. Growing consumer preference for physical activities due to focus on
maintaining the fitness level coupled with the soaring number of fitness and
health clubs will also induce market growth in subsequent years. Manufacturers are
constantly working on bolstering their product lines by exploring new tastes
and flavors with a higher level of health benefits. New products are
increasingly being targeted at various age groups, especially teenagers that
strongly influenced by the social media and desire a more fit body.
Millennials are increasingly opting for sustainable and organic
beverages and therefore, players are producing sports drinks that contain natural
ingredients, like natural sweeteners. This could emerge as a profitable opportunity
for the manufacturers to foster the appeal of their products among these
consumers.
Latest News
February 2021
Coca-Cola will soon be acquiring a major share in BodyArmor, a
premium range of sports drinks. Unlike Coca-Cola's Powerade and Gatorade,
BodyArmor is known for being a performance-enhancing sports drink that contains
low sodiu, high potassium and coconut water, while also being free of any
artificial coloring and sugar.
Segmental Review
The major segments based on which the global market for sports
drink has been studied in the report include ingredient, type, end-user, and
age.
The ingredients generally infused in sports drinks are flavors &
preservatives, vitamins, citric acid, carbohydrates, salts & electrolytes, and
others. Sports drinks containing electrolytes are consumed extensively by
consumer who want to maintain their energy levels and accelerate the recovery rate
following a workout. These drinks compensate for the loss of salts as well as electrolytes
among athletes and regular exercisers. Therefore, the segment should procure
the top position in the coming years.
Depending on the sugar content, Sports
Drink Market Size has been considered for isotonic, hypertonic
and hypotonic.
Some of the top industry end-users are casual consumers, lifestyle user and athletes. Sports drinks are studied extensively worldwide, and recent studies deem them to be the perfect alternatives to water among athletes. Since athletes perform intensive workouts, their bodies require sports drinks having vitamins and carbohydrates to transfer energy to their sore muscles. Athletes are the leading end-users of sports drinks, given their high requirement for electrolytes, fluids, and carbohydrates, to reduce stomach issues and foster intestinal absorption so that energy moves smoothly to the muscles.
Lastly, sports drinks are popular among two age groups, namely teens
and adults.
Regional Insight
Asia Pacific/APAC, North America, Europe, along with RoW/rest of
the world are the key markets for sports drink across the world.
North America is the top performing market and will maintain its
strong streak throughout the conjectured period. The region is one of the
leading consumers of sports drinks, as these are easily available and are affordable.
Rising preference for functional beverages like sports drinks, particularly
among millennials in view of mounting health consciousness has been favorable
to a large extent. Significant health awareness among the people, given the high
impact of social media and the constant advertisings placed by sports
drink companies help foster the sales. Product developments through the synergizing
of expertise of companies will also create a host of attractive avenues in the coming
years. E-commerce and online food delivery channels are prevalent in the region,
as these offer add-on services, like coupons, discounted costs and cash-back
offers. Sensing this, top companies are teaming up with these channels to
elevate customer reach, which should also benefit the Sports Drink Market in
the region.
Asia Pacific will continue to make the fastest progress in the
years ahead, thanks to the peaked interest in sports and athletics and the
resultant increase in the preference for performance enhancing beverages like
sports drinks. Growth of the urban infrastructure across Japan, Indonesia, China
and India and the soaring preference for online delivery services also help
enhance the market share in the region.
Major Firms
Major firms active in the global market for sports drink are Coca Cola,
Monster beverage co, Abbott Nutrition co, Pepsico, Britvic plc, Extreme drinks
co, Arctico beverage company international inc, D'angelo, Champion nutrition
inc, Living essentials, Glaxosmithkline plc, Fraser, neave holdings bhd,
Arizona Beverage company, AJE group, and many more.
Most of these firms are focused on undertaking strategies such as
manufacturing capacity expansion, acquisition, and new product launches to elevate
their market positions.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
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Market Research Future (part of Wantstats Research and Media Private Limited),
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New York 10013,
United States of America
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