Growing inclination of the millennial inhabitants towards bodily and fitness-related actions, the enlargement of wellness and health facilities, demand for more healthy beverage alternate options, rise within the variety of athletes and sports activities individuals, and an increase within the shopping for energy of customers drive the expansion of the worldwide sports activities drink market. Region-wise, the market in North America is more likely to keep its management by way of income throughout the forecast interval.
Portland, OR, Feb. 09, 2023 (GLOBE NEWSWIRE) — According to the report revealed by Allied Market Research, the worldwide sports drink market generated $13.7 billion in 2021, and is estimated to achieve $22 billion by 2031, witnessing a CAGR of 4.8% from 2022 to 2031. The report gives an in depth evaluation of fixing market developments, high segments, key funding pockets, worth chains, regional panorama, and aggressive state of affairs. The report is a useful supply of data for main market gamers, new entrants, buyers, and stakeholders in devising methods for the longer term and taking steps to strengthen their place out there.
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Report protection & particulars:
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Report Coverage |
Details |
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Forecast Period |
2022–2031 |
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Base Year |
2021 |
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Market Size in 2021 |
$13.7 Billion |
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Market Size in 2031 |
$22 Billion |
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CAGR |
4.8% |
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No. of Pages in Report |
315 |
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Segments Covered |
Distribution Channel, Type, Packaging Type, Application, and Region |
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Drivers |
Growing inclination of the millennial inhabitants towards bodily and fitness-related actions |
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The enlargement of wellness and health facilities in addition to train parks |
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Demand for more healthy beverage alternate options |
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Rise within the variety of athletes and sports activities individuals |
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Rise in shopping for energy of customers |
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Opportunities |
The rise in the usage of social media and digital advertising to extend consciousness about sports activities drinks and their well being advantages |
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Restraints |
Counterfeit and low-quality merchandise affecting the market |
Covid-19 Scenario:
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The COVID-19 pandemic outbreak had a destructive affect on the expansion of the sports activities drink market. The demand for sports activities drinks declined throughout the globe, owing to the implementation of stringent restrictions akin to social distancing and constant lockdowns throughout the globe.
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The stringent lockdowns throughout the pandemic led to provide chain disruptions and prevented a number of improvement initiatives from continuing. Also, the ban on import-export transactions and lack of uncooked supplies and labor impacted the building sector considerably.
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However, the market has recovered submit the pandemic.
The report gives an in depth segmentation of the worldwide sports activities drink market primarily based on distribution channel, kind, packaging kind, utility, and area. The report offers an evaluation of every section and sub-segment with the assistance of tables and figures. This evaluation helps market gamers, buyers, and new entrants in figuring out the sub-segments to be tapped on to attain progress within the coming years.
Based on distribution channel, the offline section held the most important share in 2021, accounting for greater than four-fifths of the worldwide sports activities drink market, and would keep its dominance by way of income by means of 2031. However, the net section is estimated to witness the quickest CAGR of 5.5% throughout the forecast interval.
Based on kind, the isotonic section held the most important share in 2021, capturing greater than two-fifths of the worldwide sports activities drink market, and would lead the path by means of 2031. The hypotonic section is estimated to witness the quickest CAGR of 5.6% throughout the forecast interval. The report additionally discusses the hypertonic section.
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In phrases of packaging kind, the PET bottles section captured the most important market share of three-fourths of the worldwide sports activities drink market in 2021 and is predicted to steer the path throughout the forecast interval. The cans section, alternatively, is more likely to obtain the quickest CAGR of 5.8% by means of 2031.
In phrases of utility, the athletes section captured the most important market share of greater than two-thirds of the worldwide sports activities drink market in 2021 and is predicted to take care of its management throughout the forecast interval. The informal customers section is more likely to obtain the quickest CAGR of 5.7% by means of 2031. The report additionally discusses the approach to life consumer section.
Based on area, the market in North America was the most important in 2021, accounting for one-third of the worldwide sports activities drink market share, and is more likely to keep its management standing throughout the forecast interval. However, the market in LAMEA is predicted to manifest the very best CAGR of 5.9% from 2022 to 2031. The different areas analyzed within the examine embody Asia-Pacific and Europe.
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Leading gamers of the worldwide sports activities drink market analyzed within the analysis embody GNC Holdings, LLC, PepsiCo, Inc., Nestle S.A., The Jel Sert Company, The Coca-Cola Company, Abbott Laboratories, Suntory Holdings Limited, Red Bull GmbH, The Kraft Heinz Company, AriZona Beverages USA, LLC, Xtreme Energy Group Ltd, PacificWell being Labs, GU Energy Labs, Monster Beverage Corporation, and Keurig Dr Pepper Inc.
The report analyzes these key gamers of the worldwide sports activities drink market. These gamers have adopted numerous methods akin to enlargement, new product launches, partnerships, and others to extend their market penetration and strengthen their place within the trade. The report is useful in figuring out the business efficiency, working segments, product portfolio, and developments by each market participant.
About Us
Allied Market Research (AMR) is a full-service market analysis and business-consulting wing of Allied Analytics LLP primarily based in Portland, Oregon. Allied Market Research offers world enterprises in addition to medium and small businesses with unmatched high quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a focused view to supply business insights and consulting to help its purchasers to make strategic business selections and obtain sustainable progress of their respective market area.
We are in skilled company relations with numerous corporations and this helps us in digging out market knowledge that helps us generate correct analysis knowledge tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and inspiring everybody related to the corporate to take care of top quality of information and assist purchasers in each manner doable to attain success. Each and each knowledge introduced within the studies revealed by us is extracted by means of major interviews with high officers from main corporations of area involved. Our secondary knowledge procurement methodology contains deep on-line and offline analysis and dialogue with educated professionals and analysts within the trade.
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