NEW
YORK, June 27, 2024 /PRNewswire/ -- The
global sports and energy drinks market size is
estimated to grow by USD 106.7
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 13.52% during the
forecast period. Increased consumption among
millennials is driving market growth, with a trend
towards demand for more functional beverages.
However, increasing cases of obesity poses a challenge.
Key market players include Abbott Laboratories, Acli Mate, BioSteel
Nordics, Britvic plc, Cargill Inc., Decathlon SA, DyDo Group
Holdings Inc., Energy Beverages LLC, Gujarat Cooperative Milk
Marketing Federation Ltd., Hype Energy, Keurig Dr Pepper Inc.,
Large Life Ltd., Monster Energy Co., Otsuka Holdings Co. Ltd.,
PepsiCo Inc., Red Bull GmbH, Shree Jalaram Group, Suntory Beverage
and Food Europe, The Coca Cola Co., and The Jel Sert Co..
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Organic and
Non-organic), Product (Energy drinks and Sport drinks), and
Geography (APAC, North America, Europe, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Abbott Laboratories,
Acli Mate, BioSteel Nordics, Britvic plc, Cargill Inc., Decathlon
SA, DyDo Group Holdings Inc., Energy Beverages LLC, Gujarat
Cooperative Milk Marketing Federation Ltd., Hype Energy, Keurig Dr
Pepper Inc., Large Life Ltd., Monster Energy Co., Otsuka Holdings
Co. Ltd., PepsiCo Inc., Red Bull GmbH, Shree Jalaram Group, Suntory
Beverage and Food Europe, The Coca Cola Co., and The Jel Sert
Co.
|
Key Market Trends Fueling Growth
The global sports and energy drinks market is experiencing
growth due to consumers' preference for functional beverages. These
beverages offer exotic tastes and essential nutrients, making them
popular among athletes and fitness enthusiasts. Sports drinks, in
particular, are gaining traction due to their electrolyte content
and carbohydrates, which help maintain hydration and provide energy
during workouts. Natural ingredients, such as coconut water, are
increasingly used in sports drinks for their functional benefits,
contributing to the market's expansion.
The Sports and Energy Drinks market is experiencing significant
growth, with flavored waters and powders in high demand. Consumers
are seeking out products that provide energy and help them stay
hydrated during active lifestyles. Drinks with electrolytes and
caffeine are particularly popular. The trend towards plant-based
and organic options is also influencing the market. Companies are
responding by offering a range of choices, from sugar-free to
high-calorie options. The convenience of on-the-go packaging is
also driving sales. The market for sports and energy drinks is
expected to continue growing, as consumers look for ways to fuel
their active lifestyles.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The sports and energy drinks market faces a challenge due to
health concerns surrounding excessive consumption of these
beverages. Consumers prioritize weight control and prefer drinks
with minimal carbohydrate and sugar content. While sports drinks
offer electrolytes and minerals for rehydration, their sugar
content can lead to weight gain and obesity, particularly among
teenagers. The American Academy of Pediatrics recommends limiting
sports drink intake for those engaging in intense exercise in hot
conditions. Unchecked consumption can result in major health
issues, including dental problems. This trend may hinder market
growth during the forecast period.
- The Sports and Energy Drinks market faces several challenges.
Proteins, flavored water, and enriched waters are popular
categories. Rocksstar and Powerade are common brands. Drinks
contain essential nutrients like vitamins and minerals. However,
high sugar content is a concern. Diets and health-conscious
consumers seek low-sugar or sugar-free options. Commercially, cost
and supply of raw materials like caffeine and electrolytes impact
production. Regulatory bodies enforce strict labeling requirements.
Cellsius and Funciton are examples of brands addressing these
challenges with sugar-free and functional drinks. Sugars and
electrolytes are essential for athletes, but excessive intake can
lead to health issues. Balancing consumer demands and regulatory
requirements is a significant challenge for this market.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This sports and energy drinks market report extensively covers
market segmentation by
- Type
- 1.1 Organic
- 1.2 Non-organic
- Product
- 2.1 Energy drinks
- 2.2 Sport drinks
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Organic- The Sports and Energy Drinks Market is
a significant business sector, driven by consumer demand for
convenient and effective hydration solutions. These beverages offer
essential nutrients and energy boosts, catering to active
lifestyles and athletic performance. Major players in this industry
include Red Bull, Gatorade, and
Monster Energy. Market growth is fueled by increasing health
consciousness, expanding distribution channels, and product
innovation.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The ketogenic diet market in the US is experiencing significant
growth as more consumers seek low-carb, high-fat dietary options
for weight loss and health benefits. Meanwhile, the psychedelic
mushroom products market is emerging as a promising sector with
increasing interest in mental health and wellness. In Taiwan, the pet food market is expanding
rapidly, driven by rising pet ownership and demand for premium,
nutritious pet food options. These trends reflect broader shifts
towards health-conscious and alternative lifestyle choices across
different regions.
Research Analysis
The Sports and Energy Drinks market encompasses a wide range of
beverages designed to enhance physical performance and provide
essential nutrients. These beverages include Sports Drinks, Energy
Drinks, Functional Beverages, and others. Key components of these
drinks are Electrolytes, Caffeine, Sugar, and Vitamins. The market
caters to various dietary preferences, such as Keto, Paleo, and
Plant-based diets. B2C enterprises and eCommerce platforms dominate
the distribution channels, while international institutions and
trade associations play a crucial role in market research and
development. The Sports and Energy Drinks market continues to
evolve, offering innovative solutions to meet the diverse needs of
consumers.
Market Research Overview
The Sports and Energy Drinks market caters to consumers seeking
enhanced performance and endurance during physical activities.
These beverages contain essential nutrients, electrolytes, and
caffeine to replenish energy levels and maintain hydration. The
market is driven by various factors, including the increasing
popularity of active lifestyles, the growing awareness of health
and wellness, and the expanding consumer base in developing
countries. The market offers a wide range of products, including
ready-to-drink (RTD) and powdered formats, with various flavors and
functionalities. The market is segmented based on product types,
such as sports drinks and energy drinks, and distribution channels,
including supermarkets/hypermarkets, convenience stores, and online
retailers. The market is expected to grow significantly in the
coming years due to the rising demand for convenient and nutritious
beverage options.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Product
-
- Energy Drinks
- Sport Drinks
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sports-and-energy-drinks-market-size-is-set-to-grow-by-usd-106-7-billion-from-2024-2028--increased-consumption-among-millennials-to-boost-the-market-growth-technavio-302184114.html
SOURCE Technavio