Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 97.42 Billion | USD 155.72 Billion | CAGR at 5.35% | 2023 |
According to the report published by Zion Market Research, the Global Sports & Energy Drinks Market size was valued at USD 97.42 Billion in 2023 and is predicted to reach USD 155.72 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.35% during the forecast period. The report analyzes the global Sports & Energy Drinks Market growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Sports & Energy Drinks Market industry.
Sports and energy drinks come under the category of nutraceutical drinks. These drinks are various kinds of beverages; sports drinks help athletes replace water content and electrolytes and boost energy before and after training. It refills the fluid lost during exercise. An energy drink consists of stimulant drugs, which provide physical and mental stimulation. Sports and energy drinks are highly caffeinated drinks that provide additional energy and nutritional boost. It helps to hydrate the body while performing physical activities. These products are available in the form of tablets, powders, and liquids.
The growing popularity of sports & energy drinks among consumers is the major key factor driving the global sports & energy drinks market. The companies are focusing on attracting female consumers towards sugar-free or light drinks which anticipate fostering the market's growth in the future. Young people are inclined towards sports & energy drinks and constant innovation in the taste of these drinks is expected to fuel the market's growth.
The increase in the use of natural ingredients in sports & energy drinks is positively enhancing the market growth. Rising health concerns are encouraging vendors to launch innovative drinks from the extract of organic raw green coffee beans and organic guarana. However, false claims that a few vendors about sports drinks make may somewhat hinder the global sports and energy drinks market growth.
The global sports and energy drinks market is bifurcated based on the distribution channel, top brands, and geography. The distribution channel is segmented into On-premise and off-premise. The on-premise segment is sub-segmented into vending, sports nutrition chain, and others. The off-premise segment is sub-segmented into supermarkets/hypermarkets, drug stores, convenience stores, and mass merchandisers.
Based on top brands, the market is segregated into energy and sports drinks. The energy drinks are further sub-segmented into Red Bull and others. The sports drinks are sub-categorized into Powerade, Gatorade, and others. Geographically the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Sports & Energy Drinks Market Research Report |
Market Size in 2023 | USD 97.42 Billion |
Market Forecast in 2032 | USD 155.72 Billion |
Growth Rate | CAGR of 5.35% |
Number of Pages | 201 |
Key Companies Covered | Monster Energy, PepsiCo, Coca-Cola, Red Bull Runa Beverages, All Sport, Gusto Organic, Labrada Nutrition, Enerzal, Staminade, Amp Energy, Pacific Health Labs, Montage Promoters, Boost, Drinks, Rockstar Energy, Bomb Energy Drink, Trend Food International, EAS, Hype Energy Drinks, Cytosport, Burn, Lucozade, Frucor |
Segments Covered | By Product Type, By Type, By Packaging Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
North America is the leading region for the sports & energy drinks market, owing to the increasing number of people engaged in fitness activities. Most of the people in the US nation are engaged in outdoor activities. People in this region are more concerned about health thus they give equal importance to both taste profile and nutritional value, thus motivating the sports and energy drinks market growth. Another reason that contributes to this growth is the increasing number of diabetic patients and obese people.
The leading market vendors in the global sports & energy drinks market include
Other influencing players in the market are
By Product type
By Type
Packaging Type
By Distribution Channel
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