Sports Drinks Market 2021
The global sports drink market is estimated to be experiencing growth over the evaluation period. Market growth is driven primarily by the increasing popularity of sport drinks among athletes and a growing health awareness among consumers. Sports drinks are specially formulated drinks that help to keep the body hydrated during or after exercise or sports activities. These drinks are usually rich in carbohydrates, and are efficient source of energy. Such sports drinks contain electrolytes including potassium, sodium and chloride, as well as a high percentage of sugar for energy recovery. These reasons trending across the globe; not only fuel market growth, but also inspire Sports Drink producers to add more novelties to the product in terms of variety, enhancement, and attractive packaging of the product.
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Major Key Players:
Some of the players operating in the Global Sports Drink Market are The Coca-Cola Company, Abbott Laboratories, Monster Beverage Corp, Suntory Beverage & Food Ltd., Red Bull GmbH, Dr Pepper Snapple Group, Inc., GlaxoSmithKline Plc., GNC Holdings Inc., Pepsico Inc., PacificHealth Laboratories, Inc., and Nestlé S.A. amongst others.
Key Findings of the Report:
In terms of revenue, Global Sports Drinks Market is expected to reach US$ 32.83 billion by 2027, as there is increasing popularity of sports drinks among athletes and a growing consumer awareness of health are boosting demand for sports drinks.
Some of the key factors that are expected to drive the market are the innovation of new flavors with added health benefits and changing lifestyle of consumers i.e., enrollment in the fitness and health clubs, and eating proper nutrient food, which give them a balanced nutrient diet.
Unproven & Non-scientific claims regarding the product will hinder the overall growth of the Global sports drink market.
Market Segmentation
By Product Type:
Hypotonic
Isotonic
Hypertonic
By End User:
Professional Users
Recreational Users
Lifestyle Users
By Distribution channel:
Drug Stores
Supermarket/Hypermarket
E-commerce
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
….
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