Product ID: SQMIG30C2140
Global Sports Drink Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By Type(Isotonic, Hypotonic), By Packaging Type(Bottles (Pet/Glass), Cans) - Industry Forecast 2024-2031
Report ID:
SQMIG30C2140 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
89 |
Figures:
76
Global Sports Drink Market Insights
Sports Drink Market size was valued at USD 25.75 billion in 2019 and is poised to grow from USD 26.82 billion in 2023 to USD 36.89 billion by 2031, growing at a CAGR of 4.08% in the forecast period (2024-2031).
The effects of COVID-19 have been startling and unprecedented, with sports drinks experiencing a surge in demand across all geographies as a result of the pandemic. According to our data, the Sports Drink market grew spectacularly in 2019, by 7.7 %, compared to the average annual increase between 2017 and 2019.
The item is a component of functional beverages produced primarily to aid athletes in staying hydrated before and after exercise. It is a good source of carbs, minerals, and electrolytes and boosts athletic performance. Water, sodium, tastes, potassium, sugar, and synthetic colors are also present in these drinks. The sector has experienced phenomenal growth over the past several years as a result of the marketing strategy change from providing electrolyte drinks to athletes to other consumers.
The growing popularity of fitness activities and the rising trend of half- and full-marathon participation have contributed to the growth of the industry.
Additionally, as they aid in enhancing mood, the demand for the drink is rising quickly for performance, and stamina, and enable athletes to engage in strenuous exercise. Furthermore, the growing numbers of athletes and athletes in emerging nations are among the major variables that would fuel Sports Drink market expansion during the anticipated period. For example, The National Collegiate Athletic Association (NCAA) has released data showing the number of increases in NCAA athletes are noticeable. There is a significant demographic change as a result of the movement from rural to urban areas affecting dietary habits.
US Sports Drink Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Sports Drink Market Report Snapshots
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