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Electrolyte Drinks Market 2023 | Statistics, Trends, Analysis And Future Outlook By 2032
Electrolyte Drinks Market Analysis
The Business Research Company's Electrolyte Drinks Global Market Report 2023 identifies rise in sports activities as the major driver for the electrolyte drinks market's growth in the forecast period. Sports refers to a type of human activity that involves effort and ability as the main objective of the activity, with aspects such as competition or social participation, and where regulations and norms of behavior governing the behavior exist officially by organizations. Electrolyte drinks are commonly used by athletes for rehydration, electrolyte balance, and energy support that are lost during strenuous exercise as well as to enhance endurance and stamina.
The global electrolyte drinks market size is expected to grow from $27.77 billion in 2022 to $29.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.62%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electrolyte drinks market size is expected to reach $38.00 billion in 2027 at a CAGR of 6.44%.
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Major competitors in the electrolyte drinks market are PepsiCo Inc., The Coca-Cola Company, Abbott Laboratories, PURE Sports Nutrition, Danone S.A., Nuun Hydration, SOS Hydration Inc, GSK plc, Red Bull GmbH.
A key trend in the electrolyte drinks market includes product innovations. Major companies operating in the electrolyte drinks market are developing product innovations to strengthen their position in the market. For instance, in October 2022, Nutrabolt, a US-based nutrition brand, launched XTEND Healthy Hydration to enhance hydration and recovery of amino acids for active lifestyle consumers. XTEND® Healthy Hydration comes in three wonderful flavors such as lemon-lime, strawberry banana, and raspberry lemonade. It provides clients with a unique zero-sugar hydration boost while also being a good source of D and B vitamins and boosts hydration by supplying six essential electrolytes through efficient amino acid transport utilizing a new approach.
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The electrolyte drinks market is segmented -
1) By Type: Isotonic, Hypotonic, Hypertonic
2) By Packaging: PET Bottles, Cartons, Beverage Cans
3) By Application: Sports, Medical Centers
4) By Distribution Channels: Hypermarkets or Supermarkets, Drug Stores, Convenience Stores, Online Channels, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the electrolyte drinks market.
The Business Research Company's "Global Electrolyte Drinks Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electrolyte Drinks Market Include:
1. Executive Summary
2. Electrolyte Drinks Market Characteristics
3. Electrolyte Drinks Market Trends And Strategies
4. Electrolyte Drinks Market - Macro Economic Scenario
5. Electrolyte Drinks Market Size And Growth
…..
26. Africa Electrolyte Drinks Market
27. Electrolyte Drinks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrolyte Drinks Market
29. Electrolyte Drinks Market Future Outlook and Potential Analysis
30. Appendix
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