Sports Drink Market Research Report

 

GMI Research’s recent analysis, global sports drink market, forecast to 2027, analyzes the trends in this market and how they are evolving across the different key geographic regions of the world. The

Introduction of the Sports Drink Market:

Sports drinks are a vital part of functional beverages that are specially designed for the athletes to keep them hydrated before and after doing exercise. Sodium and potassium are major electrolytes which are present in the sports drink. These drinks provide the right amount of carbohydrate, fluid, and electrolytes to sufficiently boost the supply of fluids for hydration. The sodium present in the drink fuels the intake of fluid by surging the thirst mechanism and accelerates fluid retention & absorption. The potassium helps to support the electrolyte balance and supports muscle contraction during exercise.

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Sports Drink Market Dynamics (Including market share, and trends)

The major factors driving the growth of the global sports drink market include the rising demand for sports drinks among the athletes and the people included powerful physical activities. Moreover, growing disposable income, rapid urbanization, and increasing awareness regarding the health issues among the individuals are significantly shifting consumers' preference towards physical activities, thus bolstering the growth of the sports drink market share in terms of revenue. Several manufacturers are mainly emphasizing on creating innovations and introducing new products, such as organic drinks and a diversified range of flavors to enhance the customer's experience, is one of the emerging trends in the sport drink market that is driving the market growth.

The sports drink provides unique benefits, such as the ability to help fuel the longer-duration exercises, decrease the chances of dehydration, easily digestible, and balances the electrolyte in the body. On the other hand, the sugar and the calorie content present in such drinks and the presence of cheaper alternatives in the market are factors that are hampering the growth of the global sports drink market. The outbreak of the COVID-19 pandemic will adversely impact the market due to the cancellation or suspension of various professional sports championships and events.

Based on the region, the North America region is projected to grow at a higher CAGR during the forecast period. This is attributed to the growing adoption of sports drinks as a result of an upsurge in the awareness of health among the population and increasing trends towards physical activities. In addition to this, the high presence of the major players, such as Powerade, is also a major factor boosting the growth of the sports drink market in this region.

Key Players of the Global Sports Drink Market:

·        The Coca-Cola Company

·        PepsiCo

·        AJE

·        BA Sports Nutrition, LLC

·        MyDrink Beverages

·        Britvic PLC.

·        Nestle

·        The Kraft Heinz Company

·        Abbott

·        GlaxoSmithKline plc.

Sports Drink Market Segmentation:

Global Sports Drink Market Report Segment by Type:

·        Hypotonic

·        Isotonic

·        Hypertonic

Global Sports Drink Market Report Segment by Brand:

·        Powerade

·        Gatorade

·        Others

Global Sports Drink Market Report Segment by Packaging Type:

·        PET/Plastic

·        Metal

·        Glass

Global Sports Drink Market Report Segment by Distribution Channel:

·        Online Channel

·        Supermarket/Hypermarket

·        Others

Global Sports Drink Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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