The Sports Drink Market is being driven by Consumer focus on health and wellness
The Sports Drink Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15684.3 million. The escalating trend of urbanization has led to a significant increase in per capita income and disposable earnings, resulting in altered lifestyle choices and dietary habits. This demographic shift, coupled with the growing awareness regarding the advantages of sports drinks, is anticipated to fuel the market expansion of this category. Furthermore, the expanding working population and their hectic schedules have resulted in a decline in the consumption of home-cooked meals and an increase in the intake of ready-to-eat fast food and junk food. Consequently, the surge in the prevalence of lifestyle diseases has heightened consumer consciousness towards maintaining a healthy lifestyle, thereby boosting the demand for sports drinks during the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
238 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
Market growth 2025-2029 |
USD 15684.3 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.9 |
Key countries |
US, China, Canada, India, Japan, UK, Germany, South Korea, France, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Sports Drink Market prioritizes Electrolyte Balance and Hydration Levels for optimal Performance during workouts, addressing Muscle Fatigue and Cramps through post-Workout Recovery. Energy Boost and Cognitive Function are key benefits, enhancing Endurance Capacity and Strength Training. Sustainable Ingredients like Sugar Alternatives, Natural Flavors, Fruit Juices, and Plant-Based Ingredients cater to Consumer Preferences. Antioxidant Properties, Vitamin, and Mineral Content support Health and Absorption Rate. Shelf Stability, Environmental Sustainability, and Recyclable Packaging ensure Product Quality and Customer Satisfaction. Brands focus on Social Responsibility, Brand Reputation, and Data-Driven Marketing to reach their Target Audience through various channels like Product Reviews, Social Media, Content, Influencer Marketing, E-commerce Platforms, Subscription Services, and Loyalty Programs. Strategic Partnerships further expand Market Reach.
The global soft drinks and non-alcoholic beverages market encompasses various segments, including carbonated beverages, juices and juice concentrates, bottled water, functional beverages, sports drinks, and others. According to Technavio's market analysis, the market size is determined by the consolidated revenues of soft drinks and non-alcoholic beverages' manufacturers. Product innovations and new launches are significant growth drivers. In particular, the sports drink sector, which includes electrolyte replacement, performance enhancement, isotonic beverages, and carbohydrate electrolyte solutions, is expected to witness substantial growth due to increasing consumer awareness and participation in sports and fitness activities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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