1. What is the projected Compound Annual Growth Rate (CAGR) of the Sports Drink Market?
The projected CAGR is approximately 7.26%.
Sports Drink Market by Type (Isotonic, Hypotonic, Hypertonic), by Forecast 2025-2033
The Sports Drink Marketsize was valued at USD 26.24 USD Billion in 2023 and is projected to reach USD 42.86 USD Billion by 2032, exhibiting a CAGR of 7.26 % during the forecast period. A sports drink is a drink specially designed to help replace water, lost minerals, and energy in the body during a sporting activity. Such beverages are intended to increase the water intake, balancing electrolytes, and increase the time the consumers can spend on physical activities. There are three main types: isotonic which provides fluids and carbohydrates for replacement of the fluids lost, hypertonic which provides extra carbohydrates for energy replacement and is not so effective in water replacement; and hypotonic which is effective in replacement of water faster but has low carbohydrates. Contents of sports drinks are electrolytes such as sodium and potassium, carbohydrates for energy sources, and in some cases, vitamins, and amino acids. The uses span across sporting events, helping them to exercise and recover from such exercise, and for extended activities. They are popular with athletes, those into rigorous workouts, and anybody else who meets a lot of physical demands.
Type:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7.26% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 7.26%.
Key companies in the market include PepsiCo, Inc (New York, United States), The Coca-Cola Company (Georgia, United States), BA Sports Nutrition (Whitestone, New York), AJE group (Lima, Peru), Britvic PLC. (Hertfordshire, United Kingdom), MyDrink B everages (Minnesota, USA), Kraft Heinz Company (Illinois, United States), Nestle SA (Vevey, Switzerland), GlaxoSmithKline plc. (Brentford, United Kingdom), Abbott Nutrition co (Illinois, United States).
The market segments include Type.
The market size is estimated to be USD 26.24 USD Billion as of 2022.
Rising Growth of Urbanization to Aid Market Development.
N/A
Presence of High Level of Sugar to Hamper Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Billion and volume, measured in 000's Liters .
Yes, the market keyword associated with the report is "Sports Drink Market," which aids in identifying and referencing the specific market segment covered.
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