Advancements in Ready-to-Drink Packaging Format to Propel the Growth of Sports Drinks Sales: Future Market Insights, Inc.
The global sports drink market is expected to grow at a CAGR of 5.8% during the projected period (2024 to 2034). The market value is anticipated to surge from USD 32.2 billion in 2024 to USD USD 56.8 billion by the end of 2034. Where Do Sports Drinks Stand in an Augmented Functional Beverage Sector across Japan, Korea, the USA, Germany, the United Kingdom, and 30+ Countries? Read More in FMI’s Survey!
NEWARK, Del, Aug. 20, 2024 (GLOBE NEWSWIRE) — According to a recent report by Future Market Insights, a market research and competitive intelligence provider, , Client Partner at Future Market Insights.
Browse Report Links of Sports Drink Market
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
• Increasing demand for nutrition-filled, low-calorie sports drinks made from natural ingredients such as stevia and other sugar alternatives is set to aid growth.
• Rising consumer focus on protein, wellness, natural, and ‘free from’ trends are anticipated to boost sales in the market.
RESTRAINTS
• Drinking too many sports drinks, especially when not performing vigorous exercise, can surge the risk of obesity and cardiovascular disease.
• Excessive sugar content in cost-effective sports drinks available in emerging nations can often lead to dental caries.
OPPORTUNITIES
• Increasing demand for sports drinks from the geriatric population looking for vitality, as well as from millennials who are willing to try new products with wellness benefits, would spur growth.
• Rising concerns about physical well-being and the urgent need to lead a healthy lifestyle are projected to push sales.
THREATS
• Sports drinks have high caloric content that comes from sugars, which usually make up 4 to 9% of the drink, which can delay the absorption of the liquid.
• The citric acid found in sports drinks can be harmful to the enamel that protects the teeth, which can lead to a dry mouth.
Competitive Landscape
Key players operating in the global sports drinks market are focusing on reaching a large consumer base by implementing various strategies such as flavor innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading players offering sports drinks are Gatorade, Powerade, BODYARMOR, Vitaminwater, Propel, Nuun, Sqwincher, Xyience, REIZE, Hammer Nutrition
Key Segments of the Report
By Product Type:
Sports Drink industry is segmented as Hypotonic Drinks, Hypertonic Drinks, Isotonic Drinks, Electrolyte Drinks and Energy Drinks
By Form:
As per form, the industry has been categorized into Ready-To-Drink, Drink Mixes and Tablets
By Sales Channel:
Sales Channel further includes Modern Trade, Convenience Store, Specialty Store, Pharmacy Store, Online Retail, Sports Retail Stores, Grocery Store, Online Retail and Other Sales Channels
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa
Old Source: Sports Drink Market is set to touch a revenue of US$ 43.6 Bn by year 2033-end on the back of burgeoning demand for fruit-flavored and rehydration supplements | Data analysis by FMI
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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