NEW YORK, Oct. 2, 2023 /PRNewswire/ — The sports drink market dimension is anticipated to develop by USD 13.52 billion from 2022 to 2027, in line with Technavio. In addition, the expansion momentum of the market will progress at a CAGR of 6.18% throughout the forecast interval. APAC is estimated to contribute 37% to the expansion of the worldwide market throughout the forecast interval. The sports activities drink market within the area is experiencing progress on account of an growing variety of shoppers who need to lead more healthy existence by partaking in sports activities. As a consequence, there’s a rise within the consumption of sports activities drinks. Most shoppers are spending a good portion of their disposable revenue on healthcare and associated merchandise. However, the market’s progress is perhaps hampered by strict authorities laws and the proliferation of counterfeit merchandise. Therefore, market firms are increasing their operations in rising economies. They are organising manufacturing amenities in APAC, which offers low-cost labor and uncooked supplies, enabling them to fabricate merchandise at a decrease cost. Also, they’re growing their advertising and distribution actions by leveraging the widespread penetration of the Internet within the APAC. Many firms are additionally adopting on-line channels to promote sports activities diet merchandise, together with sports activities drinks, as a result of intensive protection of such channels. Nonetheless, the sports activities drink market’s progress within the area is perhaps hindered by the upsurge of counterfeit merchandise. Despite this, steady product innovation, promotions that focus on sports activities fans, the presence of weight-conscious folks, and the growth in on-line retailing are anticipated to gasoline the expansion of the market throughout the forecast interval.
Consumer concentrate on well being and wellness is notably driving the sports activities drink market. However, components comparable to threats from different well being and wellness merchandise might impede market progress. The market is segmented by distribution channel (Offline and Online), packaging (PET bottles and Cans), and geography (APAC, North America, Europe, South America, and Middle East and Africa). Technavio offers a complete report abstract describing the market dimension and forecast together with analysis methodology. The FREE sample report is available in PDF format
Key Segment Analysis
To know further highlights and key factors on numerous market segments and their affect in coming years, View the FREE PDF Sample Report.
Company Insights
The sports activities drink market is fragmented, and the businesses are deploying natural and inorganic progress methods to compete available in the market. The report analyzes the market’s aggressive panorama and provides data on a number of market firms, together with Abbott Laboratories, Acli-Mate, Advanced Biotech, All Sport, BA SPORTS NUTRITION LLC, BioSteel Nordics, Britvic Plc, Decathlon SA, Frucor Suntory New Zealand Ltd., GlaxoSmithKline Plc, Grupo Embotellador ATIC SA, Steric Trading Pty Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., MyDrink Beverages, Nestle SA, Olvi Plc, PepsiCo Inc., The Coca Cola Co., The Jel Sert Co., and The Kraft Heinz Co.
View the FREE PDF Sample Report to search out further highlights on the expansion methods adopted by firms and their product choices.
FAQS
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Packaging
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a number one world expertise analysis and advisory firm. Their analysis and evaluation concentrate on rising market developments and supply actionable insights to assist businesses determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 reviews and counting, masking 800 applied sciences, spanning throughout 50 international locations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising shopper base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to determine alternatives in current and potential markets and assess their aggressive positions inside altering market situations.
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SOURCE Technavio
