[Latest] Global Sports and Energy Drinks Market Size/Share Worth USD 150.22 Billion by 2033 at a 7.48% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, May 14, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Sports and Energy Drinks Market Size, Trends and Insights By Product Type (Sports Drinks, Energy Drinks), By Type (Organic, Non-Organic), By Packaging Type (Bottles, PET, Glass, Cans, Others), By Distribution Channel (Hypermarkets and Supermarkets, On-trade, Convenience Stores, Independent Retailers, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Sports and Energy Drinks Market size & share was valued at approximately USD 67.94 Billion in 2023 and is expected to reach USD 73.02 Billion in 2024 and is expected to reach a value of around USD 150.22 Billion by 2033, at a compound annual growth rate (CAGR) of about 7.48% during the forecast period 2024 to 2033.”
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Sports and Energy Drinks Market: Overview
Sports and energy drinks are beverages formulated to provide hydration, electrolytes, and energy to athletes and individuals engaged in physical activities. Sports drinks primarily focus on replenishing electrolytes lost through sweating during exercise, while energy drinks contain stimulants like caffeine to enhance alertness and physical performance.
These drinks often contain sugar, electrolytes, vitamins, and caffeine in varying amounts. Sports drinks aim to prevent dehydration and maintain electrolyte balance, while energy drinks target increased energy levels and improved cognitive function.
The market for sports and energy drinks is witnessing robust growth driven by various factors. Rising consumer demand for functional beverages is a significant growth driver, fueled by lifestyle changes and fitness trends. The market is driven by rising consumer demand for functional beverages, fueled by lifestyle changes and fitness trends.
Sales in convenience stores and multi-outlet channels surged by 14.2% and 16.8%, respectively, indicating strong consumer interest. Sales surged in both C-stores and multi-outlet channels, with brands introducing healthier formulations to meet consumer preferences. For instance, Celsius’ zero-sugar formulation led to a $550 million investment from PepsiCo.
Monster Energy also introduced sugar-free options like Monster Energy Zero Sugar and Reign Storm. The market is expanding its reach by targeting diverse demographics, as seen with Celsius and Red Bull’s focus on unique flavors and branding appealing to younger consumers.
However, the market faces challenges and restraints. Increased scrutiny over ingredients like caffeine prompts regulatory investigations, reflecting growing health concerns. Negative perceptions associated with energy and sports drinks, including concerns about sugar content and marketing tactics, impact market growth. Competitive pressures from other beverage categories also constrain revenue growth opportunities.
Despite these challenges, there are ample opportunities for innovation and growth in the market. Innovations in ingredients, such as incorporating hemp seed oil, reflect consumer preferences for natural and functional beverages. PepsiCo’s introduction of hemp-infused drinks and Celsius’ sponsorship of Major League Soccer (MLS) are examples of capitalizing on market opportunities. Diverse flavors and collaborations with sports organizations enhance brand visibility and consumer engagement.
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By product type, sports drinks dominate the market, driven by their focus on hydration and electrolyte balance. However, energy drinks are expected to witness significant growth, challenging the dominance of sports drinks. Distribution channels also play a crucial role, with hypermarkets and supermarkets currently dominating but convenience stores are expected to emerge as dominant channels due to their accessibility and on-the-go consumption patterns.
By region, North America led the global market in 2022 with a 36% market share and is expected to maintain dominance through 2032. Factors like increased female participation in fitness activities and the proliferation of fitness centers contribute to North America’s growth. Europe, Asia-Pacific, and LAMEA regions also play significant roles in the market’s evolution, with emerging economies like India and China presenting growth opportunities.
Key players in the market, such as PepsiCo and Monster Energy, are adopting various growth strategies like mergers, acquisitions, and product launches to enhance their market presence. For instance, PepsiCo launched Rockstar Unplugged, focusing on relaxation, and introduced Gatorade Water, targeting all-day hydration needs. Collaborations, like Monster Energy’s partnership with ONE Championship, also contribute to brand visibility and market expansion.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 73.02 Billion |
| Projected Market Size in 2033 | USD 150.22 Billion |
| Market Size in 2023 | USD 67.94 Billion |
| CAGR Growth Rate | 7.48% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Type, Packaging Type, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Sports and Energy Drinks report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Sports and Energy Drinks report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed the Global Sports and Energy Drinks market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Sports and Energy Drinks industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
- What is the size of the Sports and Energy Drinks market and what is its expected growth rate?
- What are the primary driving factors that push the Sports and Energy Drinks market forward?
- What are the Sports and Energy Drinks Industry's top companies?
- What are the different categories that the Sports and Energy Drinks Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Sports and Energy Drinks market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Sports and Energy Drinks Market: Regional Analysis
By region, the Sports and Energy Drinks market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America dominated the global market in 2022 with a market share of 36% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
North America’s growth is attributed to factors like increased female participation in fitness activities and the proliferation of fitness centers. The sports drinks segment is anticipated to retain dominance due to these trends.
Energy drinks have historically held a significant share of the market globally. As health consciousness and fitness trends continue to shape consumer behavior, these regional dynamics are expected to evolve further, influencing market dominance and growth trajectories in the Sports and Energy Drinks sector.
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Browse the full “Sports and Energy Drinks Market Size, Trends and Insights By Product Type (Sports Drinks, Energy Drinks), By Type (Organic, Non-Organic), By Packaging Type (Bottles, PET, Glass, Cans, Others), By Distribution Channel (Hypermarkets and Supermarkets, On-trade, Convenience Stores, Independent Retailers, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/sports-and-energy-drinks-market/
List of the prominent players in the Sports and Energy Drinks Market:
- Glanbia plc.
- Now Health Group Inc.
- Nutiva Inc
- The Simply Good Food Co
- Iovate Health Sciences International Inc.
- MusclePharm Corporation
- Kerry Group Plc
- CytoSport Inc.
- The Nature’s Bounty Co.
- Reliance Vitamin Company Inc.
- Herbalife And Energy Drinks Inc.
- Danone S.A.
- General And Energy Drinks Centers (GNC) Holdings Inc.
- Orgain Inc.
- True and Energy Drinks
- Abbott Nutrition Inc
- Ajegroup
- Arctico Beverage Company International Inc
- Champion Nutrition Inc
- Cloud 9 Energy Drink
- D’angelo
- Dr Pepper Snapple Group Inc
- Others
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The Sports and Energy Drinks Market is segmented as follows:
By Product Type
- Sports Drinks
- Energy Drinks
By Type
- Organic
- Non-Organic
By Packaging Type
- Bottles
- PET
- Glass
- Cans
- Others
By Distribution Channel
- Hypermarkets and Supermarkets
- On-trade
- Convenience Stores
- Independent Retailers
- Others
Click Here to Get a Free Sample Report of the Global Sports and Energy Drinks Market @ https://www.custommarketinsights.com/report/sports-and-energy-drinks-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Sports and Energy Drinks Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Sports and Energy Drinks Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Sports and Energy Drinks Market? What Was the Capacity, Production Value, Cost and PROFIT of the Sports and Energy Drinks Market?
- What Is the Current Market Status of the Sports and Energy Drinks Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Sports and Energy Drinks Market by Considering Applications and Types?
- What Are Projections of the Global Sports and Energy Drinks Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Sports and Energy Drinks Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Sports and Energy Drinks Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Sports and Energy Drinks Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Sports and Energy Drinks Industry?
Click Here to Access a Free Sample Report of the Global Sports and Energy Drinks Market @ https://www.custommarketinsights.com/report/sports-and-energy-drinks-market/
Reasons to Purchase Sports and Energy Drinks Market Report
- Sports and Energy Drinks Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Sports and Energy Drinks Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Sports and Energy Drinks Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Sports and Energy Drinks Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Sports and Energy Drinks market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Sports and Energy Drinks market analysis.
- The competitive environment of current and potential participants in the Sports and Energy Drinks market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Sports and Energy Drinks market should find this report useful. The research will be useful to all market participants in the Sports and Energy Drinks industry.
- Managers in the Sports and Energy Drinks sector are interested in publishing up-to-date and projected data about the worldwide Sports and Energy Drinks market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Sports and Energy Drinks products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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