Sports Drink Market Size to Reach $29.9 Billion By 2025, Based on Increasing Health Awareness Among Young Age Groups who Engaged in Sports Activities | Million Insights

September 07 08:55 2020
Sports Drink Market Size to Reach $29.9 Billion By 2025, Based on Increasing Health Awareness Among Young Age Groups who Engaged in Sports Activities | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global sports drinks industry size was accounted for USD 22.37 billion, in 2018 and is expected to grow at a CAGR of 4.3% over the forecasted period, 2019 to 2025.

The global sports drink market size is expected to reach USD 29.9 Billion by 2025, according to Million Insights. registering a CAGR of 4.3% over the forecast period. Increasing usage of sports drinks by athletes due to the presence of constituents which include electrolytes water and energy is expected to increase the demand of the market. In addition, growing health awareness among young age groups who are engaged in sports activities is one of the major factors to fuel market growth.

Athletes are preferring sports drink beverages than carbonated drinks due to the adoption of this product by health clubs and respective associations. Though these drinks are popular among athletes and sports personnel, there is also growing adoption among general consumers who are not involved in any kind of sport. Hence, by observing this opportunity, manufacturers across the globe are targeting athletes’ groups. Moreover, the increasing number of fitness centers and health clubs are expected to pave the market growth in the coming years.

To download the sample PDF of “Sports Drink Market Report” please click here: https://www.millioninsights.com/industry-reports/sports-drink-market/request-sample

Geographically, North America held the largest market share of more than 40%, in 2018 due to the rising awareness about health and the trend of athleticism. Developing countries such as China and India in the Asia Pacific region are expected to have a huge potential to grow during the forecast period due to the high presence of the young population.

However, consumer shift towards natural and organic products is expected to hinder the market growth. Therefore, market players are introducing sports drink with natural components such as natural sweeteners in the products.

Among the distribution channel segment, retail held the largest sports drink market share due to increase in bulk purchase and cost comparison with supermarket and hypermarket. The online platform is expected to expand with the highest growth rate due to the increasing influence of the internet via smart devices, during the forecast period.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/sports-drink-market

Further key findings from the report suggest:

• By product, hypertonic segment is expected to grow at a CAGR of 4.6% from 2019-2025 and accounted for the largest share of 39.5%, in 2018.

• Region wise, North America dominated the global market in terms of revenue with 40.3%, in 2018.

• In Europe, Germany held the largest share for sports drinks owing to rising disposable income followed by China, Japan and India.

• The industry is highly competitive due to presence of key players such as Coca-Cola, Sportade, Pocari, PepsiCo,100Plus, and Lucozade

• Key players are focusing on new product development, business expansion to estimate existing and future demand of products.

Million Insights has segmented the global sports drink market on the basis of product, distribution channel, and region:

Sports Drink Product Outlook (Revenue, USD Billion, 2015 – 2025)
    • Hypotonic
    • Hypertonic
    • Isotonic

Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
    • Retail & Supermarkets
    • Online Platform

Sports Drink Regional Outlook (Revenue, USD Billion, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
    • Asia Pacific
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

Browse the Latest Market Research Reports by Million Insights:

• Precision Farming MarketThe global precision farming market size was accounted for USD 4.7 billion in 2019 and projected to grow with a CAGR of 13.0%, during the forecast period, 2020 to 2027. The rising adoption of advanced technologies like the Internet of Things (IoT) coupled with data analytics is expected to drive the market growth in the forthcoming years.

• Smart Cities Market The global smart cities market size was accounted for USD 83.9 billion in 2019. The market is projected to witness 24.7% CAGR over the forecast period, 2020 to 2027. Owing to the increasing awareness for “smart everything”, the smart cities concept is gaining traction.

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/sports-drink-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/mizorammail/manipurjournal.net/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7