Coronavirus Outbreak: Sports Drinks Industry Fights Back with Well-defined Business Strategies by PepsiCo, The Coca-Cola Company, BA Sports Nutrition, LLC, BRITVIC PLC, MyDrink Beverages, etc
The Sports Drinks Market report executes a PESTEL study and SWOT analysis to reveal the stability, restrictions, openings, and threats in the market. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and merchandise segments. Moreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems. Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers.
Furthermore, the growing focus of males and females towards sports activities will have a positive impact on the sports drink market revenue. For instance, the number of men's teams nationwide increased by 62 from the past years, while women's teams increased by 64. Women's teams have outnumbered men's teams since 1996-97.
According to the report, published by Fortune Business Insights, titled "Sports Drink Market Size, Share & Industry Analysis, By Type (Isotonic, Hypotonic, and Hypertonic), Brand (Gatorade, Powerade, and Others), Packaging Type (Metal, PET/Plastic, and Glass), Distribution Channel (Supermarket/Hypermarket and Online Channel), and Regional Forecasts, 2019 - 2026" the market size stood at USD 23.54 billion in 2018.
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List of the Major Companies Operating in the Global Sports Drink Market Include:
o The Coca-Cola Company
o BA Sports Nutrition
o AJE group
o Britvic PLC.
o MyDrink Beverages
o Kraft Heinz Company
o Nestle SA
o GlaxoSmithKline plc.
o Abbott Nutrition co
Launch of Gatorade by BOLT24 to Augment Growth Process
Gatorade, an American manufacturer of sports-themed beverage and food products, announced the unveiling of BOLT24. The company's new sports drink is a low-calorie electrolyte beverage, as the Bolt24 contains no artificial flavors or sweeteners and is aimed for athletes to keep them hydrated around the clock. The announcement for the new drink by the company is expected to fuel demand among athletes owing to the natural and organic content of the drink, which in turn will facilitate the sports drinks market share. Furthermore, Gatorade's senior vice president, Brett O'Brien, said in a statement, the drink is sea salt and watermelon based, something else that distinguishes it from other Gatorade products. He further added the new drink would allow the company "to think about athletes in a whole different way." In addition, the rising R&D investments by key players for the development of innovative sports drinks aimed at athletes will enable healthy growth of the market, sates our lead analysts at Fortune Business Insights(TM)
Rising Demand for Sports Drinks to Boost Market Prospects in North America
The market in North America stood at USD 7.90 billion in 2018 and is expected to remain dominant during the forecast period due to the increasingly health-conscious population in the region. For instance, in 2018, approximately 55% of the American population lived a healthier lifestyle.
To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here: https://www.fortunebusinessinsights.com/sports-drink-market-102083
Furthermore, the rising demand for sports drinks in the U.S due to the presence of major players such as Gatorade, PowerAde, and BodyArmor will further influence the sports drinks market trends in North America. Asia Pacific is expected to witness a high demand for sports drinks in the forthcoming owing to the rising disposable income in developing countries such as India, China, and, Japan. In addition, an increasing number of health-conscious consumers will impel companies to introduce new sports drinks, which in turn will boost the sports drink market share by brand.
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