North America Sports Drink Market Outlook 2031
The North America Sports Drink Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5.14% during the forecast period, 2023–2031. The growth of the market is attributed to the rising inclination toward sports and physical activities.
Sports drinks are refreshments that contain sugar, salt, protein, nutrients, minerals, carbohydrates, and electrolytes such as sodium and potassium. Sports drinks are favored by athletes.
Athletes consume sports drinks to restore electrolytes, energy level, and water. These drinks are generally utilized during before and during exercise. The key objective of consuming sports drinks is to maintain the dietary substance that is lost during sweat and furthermore to expand the energy digestion in the human body.
During the COVID-19 pandemic, a double impact was noticed on the market. During the peak of the pandemic, the business experienced contracting deals and limiting profit revenues, given the strict inconvenience of checks and lockdowns. Producing units were closed down to contain the spread of the infection. Additionally, individuals become more health-conscious, striving to keep up with actual physical fitness and engaging in sporting and exercise systems, sustaining demand for energy boosting drinks.
North America Sports Drink Market Trends, Drivers, Restraints, and Opportunities
- Rising innovation of new flavors with health benefits is expected to boost the sports drink market.
- Increasing incidence of sports injuries and continuous influx of new products and treatment modalities is expected to boost the sports drink market.
- Growing utilization of sports drink in a wide range of products is positively influencing the demand for sports drinks.
- Expanding awareness regarding the prevention & treatment of sports injuries are estimated to develop the market.
- High cost of sports drink procedures can restrain the growth of the market.
- Growing number of products lunches and new collaborations is estimated to foster the market growth.
Scope of North America Sports Drink Market Report
The report on the North America sports drink market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Sports Drink Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Isotonic, Hypertonic, and Hypotonic), Packaging (Bottles (PET), Cans, Glass Bottles, and Others), and Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, Drug Store, and Others)
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Geographical Scope
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The US and Canada
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cloud 9; Extreme Drinks Co.; Red bull.; AJE Group; Arizona Beverage Company; Britvic PLCLiving Essentials; Monster Beverage Co; and PepsiCo.
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North America Sports Drink Market Segment Insights
Hypertonic segment is expected to grow at a rapid pace
Based on types, the market is divided into isotonic, hypertonic, and hypotonic. The hypertonic segment is estimated to account for a significant share of the market owing to the presence of high concentration of salt and sugar, while hypotonic drinks contain the higher concentration of sugar and lower concentration of salt.
Glass bottles segment is projected to expand at a considerable CAGR
In terms of packaging, the sports drink market is divided into bottles (PET), cans, glass bottles, and others. The glass bottles segment is expected to account for a key share of the market due to increasing adoption of environment friendly solutions that can be reused in order to make other products. Food & beverage manufactures are focused on recycling the glass waste and reuse it for other packaging. On the other hand, the cans segment is anticipated to expand at a steady rate in the projected timeline.
Online stores segment is projected to expand at a considerable CAGR
On the basis of distribution channels, the market is classified supermarkets and hypermarkets, convenience stores, online stores, drug store, and others. The online stores segment is projected to expand at a considerable CAGR during the forecast period. Online stores attributes to ease of shopping from a remote location. An online store provides advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility.
The US to dominate the market
Based on the geography, the market is bifurcated into the US and Canada. The US is estimated to dominate the market during the forecast period due to presence of major industry players and rising health consciousness among the people in the US. Moreover, the increasing participation in the fitness and sports activities is driving the country’s market growth.
Segments
The North America Sports drink market has been segmented on the basis of
Types
- Isotonic
- Hypertonic
- Hypotonic
Packaging
- Bottles (Pet)
- Cans
- Glass Bottles
- Others
By Distribution Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Drug Store
- Others
Geography
Key Players
Competitive Landscape
Key players competing in the Sports drink market Cloud 9; Extreme Drinks Co.; Red bull.; AJE Group; Arizona Beverage Company; Britvic PLCLiving Essentials; Monster Beverage Co; and PepsiCo.
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