Fortune Business Insights
The companies included in the Sports Drink Market Report are PepsiCo Inc. (US), The Coca-Cola Company (US), BA Sports Nutrition (US), AZE Group (Peru), Britwick Plc. (UK), MyDrink Beverages (US), Kraft Heinz Company (US), Nestle SA (Switzerland), GlaxoSmithKline plc. (UK), Abbott Nutrition Company (US), and other player profiles
PUNE, India, June 22, 2022 (Globe Newswire) — GLOBAL sports drink market Due to the increasing inclination towards physical fitness, it is anticipated to increase during the expected period. Fortune Business Insights™ publishes this information in a report titled, “Sports Drink Market, 2021-2028”, As per the report, the market size of sports drinks was 26.24 billion USD Market is expected to grow in 2020 27.22 billion USD in 2021 USD 36.35 billion one by 2028 CAGR of 4.2% during the period 2021-2028.
Virtual workout sessions amid pandemic boost market growth
Sports clubs and gyms were closed during the pandemic as the government restricted the use of public places. It encouraged people to adopt a home workout culture, leading to the growth of the sports drink market during the pandemic. Furthermore, the workout sessions were conducted virtually and were highly adopted by the population.
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sports drink market Scope and Segmentation of the Report:
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report attribute |
description |
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Market size value in 2020 |
USD 26.24 One billion |
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Revenue Forecast in 2028 |
USD 36.35 One billion |
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growth rate |
CAGR of approx 4.2, 2021-2028 |
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base year |
2020 |
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historical year |
2017 – 2019 |
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forecast year |
2021 – 2028 |
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covered sections |
By Type, By Brand, By Packaging Type, By Distribution Channel, By Region |
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forecast units |
Price (billion US dollars), and quantity (units) |
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quantitative units |
Revenue in USD Million/Billion and CAGR from 2021 to 2028 |
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area covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, and the Rest of the World |
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countries involved |
US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, others |
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Number of companies covered |
PepsiCo Inc. (US), The Coca-Cola Company (US), BA Sports Nutrition (US), AZE Group (Peru), Britvik Plc. (UK), MyDrink Beverages (US), Kraft Heinz Company (US), Nestle SA (Switzerland), GlaxoSmithKline plc. (UK), Abbott Nutrition Co (US) |
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report coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segment and region, company market share analysis and COVID-19 impact analysis. |
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range of customization |
Take advantage of customized purchase options to meet your exact research needs. |
Fortune Business Insights™ lists all the sports drink market companies that are currently striving to mitigate the impact of the COVID-19 pandemic on the market:
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PepsiCo Inc (US)
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The Coca-Cola Company (US)
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BA Sports Nutrition (in the US)
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AZE Group (Peru)
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Britwick Plc. (UK)
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MyDrink Beverages (in the US)
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Kraft Heinz Company (US)
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Nestle SA (Switzerland)
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GlaxoSmithKline Plc. (UK)
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Abbott Nutrition Company (USA)
story continues
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Report Coverage:
The report throws light upon the current industry trends and key developments offered by the major market players. The drivers and constraints affecting the growth of the global market during the forecast period are further highlighted in this report. The impact of the COVID-19 pandemic on the growth and development of the market as well as some of the profitable growth strategies adopted by the major market players are discussed. Furthermore, a list of key market players is provided in this report along with regional insights on the segmented market segments.
Drivers and Restrictions:
Raising awareness of physical health for growth
The market is expected to grow significantly during the forecast period owing to the increasing production of healthy products with high nutritional values. Also, increasing inclination of the population towards physical fitness is expected to propel the growth of the market in the coming years.
However, high sugar levels in beverages may hinder the growth of the market.
Regional Insights:
Asia Pacific has the highest market share due to increasing conduct of fitness activities
Asia Pacific dominates the global sports drinks market share due to increasing sports activities and growing sportsperson population. Moreover, the emerging trend of multiple fitness activities among different age groups is expected to drive the market.
North America is expected to grow at a substantial CAGR during the forecast period due to increasing population participation in outdoor sports activities. The regional market was USD 8.80 billion in 2020.
section:
Isotonic segment to hold the largest share due to rising demand
By type, the market is segmented into isotonic, hypotonic and hypertonic. The isotonic segment is expected to lead the market as this type of drink is mainly preferred by athletes and sports players.
Growing demand for Gatorade among athletes to ensure segmental growth
On the basis of brands, the market has been segmented into Gatorade, PowerAid, and others. The Gatorade segment is anticipated to hold the major market share owing to the increasing demand from sportspersons and athletes.
Metal packaging segment to dominate the market due to its durability
On the basis of packaging type, the market is segmented into metal, PET/plastic and glass. Metal packaging is expected to dominate the market in the coming years owing to the durability of the asset.
Offline segment to lead global market due to instant buyout offering
By distribution channels, the market is segmented into offline channels and online channels. The offline distribution channel is expected to lead the market owing to its immediate offerings and purchases.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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competitive landscape:
Launching new drinks allows companies to accelerate growth
Major players in the market focus on launching new products to improve their business performance and attract global customers. In addition, major companies focus on targeting their potential customers by considering nutritional factors and launching new sports drinks as per the preferences of the customers.
Detailed Table of Contents:
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introduction
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executive Summary
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market dynamics
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market driver
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market restrictions
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market opportunities
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emerging trends
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key insights
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Overview of Origin/Related Markets
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Industry SWOT Analysis
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Supply Chain and Regulatory Analysis
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Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
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Impact of COVID-19 on the Sports Drink Market
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Global Sports Drink Market Analysis, Insights and Forecast, 2017-2028
TOC is on….!
Major Industry Developments:
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June 2019: Coca-Cola announced the launch of its PowerAid Sports Beverage in India to expand its portfolio and provide multiple choices to consumers in India.
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July 2019: Gatorade announced the launch of Bolt24, a low-calorie electrolyte drink for athletes. This product does not contain any artificial sweeteners or flavors and is designed for hydration.
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