The global sports and energy drinks market will register a CAGR of over 11% by 2022.
One trend affecting this market is the increasing demand for functional drinks. According to the report, one driver influencing this market is the rising consumer focus on health and wellness. Further, the report states that one challenge affecting this market is the increasing cases of obesity.
The demand for functional drinks has increased among consumes. This is encouraging numerous existing and new beverage companies to introduce new products in the market. Brands such as PepsiCo, Coca-Coal, and others have introduced unique sports and energy beverages that deliver great taste and nutrients.
Consumer focus on health and wellness
The prevalence of chronic diseases is rising among the aging population and the healthcare service is getting expensive with time. This is forcing individuals to look for affordable means to maintain their health and wellbeing. As a result, they are spending more on health and wellness products such as energy drinks as these products provide them essential nutrients, improves productivity, and boosts energy.
Increasing cases of obesity
Sports and energy drinks are sweetened with sugar. The excessive consumption of these drinks, mostly by teenagers, may cause weight gain and obesity.
Key Players
Monster Energy Company
PepsiCo
Red Bull
Rockstar
The Coca-Cola Company
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
Comparison by product
Sports drinks - Market size and forecast 2017-2022
Energy drinks - Market size and forecast 2017-2022
Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
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Related Topics: Sport, Energy and Functional Drinks
Source: GlobeNewswire
(December 7, 2018 - 5:00 AM EST)