Global Sports and Energy Drinks Market size was valued at USD 73.02 Billion in 2024 and is expected to reach USD 150.22 Billion by 2033, at a CAGR of 7.48% during the forecast period 2024 – 2033.
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.
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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.
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.
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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