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on June 5, 2024
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 US$ 112.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 198.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032.
Beverages tailored to active individuals and those needing a rapid energy lift, sports and energy drinks are expertly crafted to quench thirst and revitalize. Featuring a blend of essential components like electrolytes, sugars, and occasionally caffeine, these drinks strive to restore fluids depleted during exercise and enhance overall physical prowess. Sports drinks prioritize rehydration and swift electrolyte replenishment, making them a staple among athletes and fitness devotees. In contrast, energy drinks rely on stimulants like caffeine to deliver mental and physical invigoration, earning them widespread popularity in various professional settings to boost concentration and combat exhaustion. Currently, sports and energy drinks can be readily found in supermarkets, convenience stores, vending machines, and online marketplaces, catering to a broad spectrum of consumers, from athletes to busy professionals.
Sports and Energy Drinks Market Trends and Drivers:
The market for sports and energy drinks is experiencing significant growth, largely due to consumers' growing interest in maintaining a healthy lifestyle, which has led to an increased demand for products that support their active pursuits. Effective marketing strategies, including partnerships with famous athletes and sponsorship of events, have been successful in raising awareness and building brand loyalty among consumers. The market is also being driven by the ongoing development of new and exciting flavors, as well as the introduction of healthier options that are low in calories, sugar-free, or organic, giving consumers a wider range of choices. Furthermore, the growing number of young people seeking convenient beverages that can be consumed on-the-go is another key factor contributing to the market's expansion. Additionally, the increasing global accessibility and urbanization of emerging markets, combined with the rising popularity of sports and physical activity, are also fueling market growth.
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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Topics:
sports and energy drinks market