(Health-NewsWire.Net, April 30, 2018 ) Market Overview:
Owing to growing consumer needs and their awareness about the fundamental needs for nutrition and proactive measures to prevent chronic ailments and attain well-being, demand for sports drinks has grown in recent years. The growth has been driven by the increased acceptance of health & wellness products amongst the consumers and their motivation on improving immunity. With growing health concerns and rising per capita healthcare cost, there has been surge in demand of sports drinks consumption and consumers indulging in the pursuit of healthy buying goes for sports drinks which are generally consumed by the different age groups of consumers.
Health awareness and consumers rising inclination towards fitness trends have prompted the growth of Sports Drink Market. The sector is driven in a major way by the demand directed from the population of fitness enthusiastic consumers and athletes. Health benefits gained out of sports drinks consumption are the main drivers supporting the development of this segment. Sports Drink Market holds a bright spot in the beverage space. Sports drinks demand will grow at a progressive rate in the developing nations. The notion of good-for-you nutrients on-the-go is primarily driving the growth of the market. Manufacturers are focusing on sourcing high-quality ingredients to meet consumer demand. With an increasing demand for new flavors, market players are constantly innovating to meet the changing tastes and demand of the consumers. With the rapidly changing tastes and preferences of consumers, the demand for new and exotic flavors is growing.
Sports drinks have attracted the attention of consumers owing to the power of social media influencers and celebrity endorsements which primarily trigger the demand of sports beverages. Furthermore, hectic lifestyles coupled with rising disposable incomes are the key growth factors. With changing lifestyle and altering consumer preferences, and strong performance of retail sector have significantly resulted in growing demand of sports drinks. Rising urbanization coupled with cheap labor force, high ranking in ease of doing business index, government incentives & policy support and rising disposable income has attracted international retailers to enter and expand in Asia Pacific and Latin American region and gain strong foothold in the market.
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Latest Industry Updates:
December, 2017: Kill Cliff Inc., Atlanta, expanded its portfolio with the addition of a new endurance beverage, Endure and this will provide essential electrolytes and slow-release carbohydrates to support hydration and sustained endurance during exercise
December, 2017: BiProUSA,, a brand of Agropur Inc., a wholly owned subsidiary of Agropur Cooperative, introduced the fourth flavor in its BiPro Protein Water lineup, a caffeinated protein water, Orange BiPro Protein Water
December, 2017: Vitaminwater, a brand of The Coca-Cola Co., plans to launch active, a new line, in January 2018
Competitive Analysis:
Sports drinks industry is highly competitive and marked by the presence of various large and small vendors competing based on price, quality, innovation, reputation, and distribution. Most of the companies operating in the market are focusing on new product development as well as expanding their product line, augmenting its capabilities and investing in research and development to offer products with better functionality. With strategic investments, market players focus on penetrating into the developing economies to expand their business portfolio.
Players come up with different varieties of sports drinks products and gain consumers attention. Established players are investing more on new product launch and acquisitions to strengthen their market position. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Major industrial players are innovating and introducing new and unique flavors to attract and cater to the fluctuating demand of the consumers. The key market players profiled in global Sports Drink Market report include PepsiCo, Coca-Cola, Monster Beverage co, Arizona Beverage Company, Abbott Nutrition, GlaxoSmithKline PLC, Living essentials, Britvic PLC, Extreme Drinks co, AJE group, Arctico Beverage Company International Inc, Champion Nutrition Inc, and Fraser and Neave Holdings bhd among many others.
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Regional Analysis:
The global Sports Drink Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Sports Drink Market is highly dominated by North America and Europe due to increasing health awareness and awareness about the health benefits obtained from sports drinks in that region. The regions are expected to retain its dominance throughout the forecast period. However, Asia pacific is projected to register maximum CAGR during the forecast period owing to increasing per capita disposable income coupled with the changing lifestyles of the consumer in the region. Countries such as China and India offer a lucrative opportunity in the Asia Pacific region for the sports drinks manufacturers. Latin American region is also projected to show a high potential in the Sports Drink Market.
Market Segments:
The global Sports Drink Market has been divided into Ingredient, Sugar Content, end users, distribution channel and region.
On The Basis Of Type: Hypotonic, Isotonic, & Hypertonic
On The Basis Of Packaging: Metal Cans, Plastic, and Others
On The Basis Of Distribution Channel: Store Based, and Non-Store Based
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW
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