According to a recent FMI report, global sports drink market is expected to grow at a CAGR of 6%. The market value is anticipated to surge from US$ 30,634.10 Mn in 2023 to US$ 43,631.75 Mn by the end of 2033.
The components in energy drinks could indeed differ significantly from one another. Most energy drinks, on the other hand, contain some combination of caffeine, sugar, B-vitamins, and amino acids.
Caffeine, an active ingredient that helps boost alertness and energy, is by far the most popular component in energy drinks. Sugar is also mainly encountered in energy drinks and serves as a quick source of energy. B-vitamins are necessary for metabolism and aid in the conversion of food into useful energy.
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With strategic partnerships and acquisitions, some of the world’s most renowned manufacturers are attempting to enter or enhance their presence in emerging markets. Another important factor driving the market is the easy availability of ready-to-drink sports drinks through various channels.
However, a new study has found that sports drinks are not as beneficial for health as they are claimed to be. The study, which was conducted by the University of Waterloo, looked at the effects of sports drinks on physical performance and hydration.
The study found that sports drinks do not improve physical performance or hydration in any significant way. In fact, the study found that sports drinks can actually cause dehydration due to their high sugar content. Sports drinks are becoming increasingly popular among consumers, especially young adults. There are many factors as to why people prefer sports drinks over other beverages.
One factor is that sports drinks can help people to rehydrate after exercise. They contain electrolytes, which are minerals that aid in regulating body fluids. Another factor is that they often have a pleasant taste. Many of them are fruit-flavored and refreshing. Some people believe that sports drinks can give them an extra boost of energy. This can be helpful for those athletes who need to perform at their best.
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Key Takeaways from the Sports Drink Market
- The market for sports drinks is expected to be valued at US$ 30,634.10 Mn by 2023.
- The North America sports drink market is expected to register a 38% CAGR between 2023 and 2033.
- The U.S., China, Canada, Germany, and Mexico are the major countries driving the demand for sports drinks.
- The global market for sports drinks is estimated to surpass US$ 43,631.75 Mn by the end of 2033.
- The future of the global sports drink market looks promising with a projected CAGR of 0% exhibited during the historical period from 2017 to 2022.
Competition Landscape: Sport Drink Market
As the fitness industry continues to grow, so does the market for sports drinks. Some of the key players operating in the global market include The Coca-Cola Company, PepsiCo Inc., Gatorade, Powerade, and V8, Powerade, and Body Armor among others. The majority of these key companies are focusing on research & development activities to come up with innovative products in the market.
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Get Valuable Insights into the Sport Drink Market
FMI, in its new offering, provides an unbiased analysis of the sport drink market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for sport drink market based on product type (isotonic, hypotonic, hypertonic), form (powered, liquid), packaging material (metal, pet/plastic, glass), distribution channel (offline, online retail), flavor (unflavored, flavored), & region forecast to 2023-2033.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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