The latest report by IMARC Group, titled “Sports and Energy Drinks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global sports and energy drinks market size reached USD 112.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 198.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032
Sports and energy drinks are specifically formulated beverages intended to hydrate and invigorate individuals engaged in physical activities or those in need of a swift energy enhancement. These drinks are crafted with essential components such as electrolytes, sugars, and occasionally caffeine, with the goal of replenishing fluids lost during exercise and enhancing physical performance. Sports drinks primarily concentrate on hydration and the quick restoration of lost electrolytes, making them a favored option among athletes and fitness aficionados. Conversely, energy drinks incorporate stimulants like caffeine that offer both mental and physical stimulation, leading to their widespread consumption in various professional environments to enhance concentration and alleviate fatigue. Currently, sports and energy drinks can be found in supermarkets, convenience stores, vending machines, and online platforms, serving a broad spectrum of consumers, from athletes to busy professionals.
Sports and Energy Drinks Market Trends and Drivers:
The global market for sports and energy drinks is largely propelled by a growing awareness of health among consumers, which has resulted in an increased demand for products that promote an active lifestyle, including sports and energy beverages. Additionally, effective marketing strategies, such as endorsements from celebrities and sponsorship of events, have played a crucial role in boosting consumer awareness and fostering brand loyalty. Furthermore, continuous innovation in flavor varieties and the launch of low-calorie, sugar-free, or organic alternatives are expanding consumer options, thus facilitating market expansion. The rising youth demographic, which favors convenient and portable beverage choices, also serves as a significant factor driving growth. Moreover, the swift globalization and urbanization of developing economies, along with a heightened engagement in sports and physical activities, are further contributing to the growth of this market.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/sports-energy-drinks-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Sports Drinks Market:
Breakup by Product Type:
- Isotonic
- Hypertonic
- Hypotonic
Breakup by Packaging Type:
- Bottle (Pet/Glass)
- Can
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Energy Drinks Market:
Breakup by Product:
- Alcoholic
- Non-Alcoholic
Breakup by Type:
- Non-Organic
- Organic
Breakup by Packaging Type:
- Bottle (Pet/Glass)
- Can
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Breakup by Target Consumer:
- Teenagers
- Adults
- Geriatric Population
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Abbott Nutrition Co.
- AJE Group
- Britvic PLC
- Extreme Drinks Co.
- Fraser & Neave Holdings BHD
- GlaxoSmithKline Plc
- Red Bull
- Rockstar, Inc.
- Coca-Cola
- PepsiCo
- Arizona Beverage Company
- National Beverage Corp
- Keurig Dr Pepper Inc.
- Living Essentials
- Cloud 9 Beverages Private Limited
- Vitale Beverages Pvt Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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