Global Electrolyte Drinks Market Size, Trends and Growth opportunity, By Type (isotonic, hypertonic and hypotonic), By Packaging (packaging PET Bottles, cartons and hypertonic), By Distribution Channel (hypermarket/supermarket, drugstores, convenience stores, online stores and others), By region and forecast till 2027.
Global Electrolyte Drinks Market
The global electrolyte drinks market was valued at US$ 32,518.8 million in 2021 and it is expected to reach at US$53,427.7 million in 2027 at a CAGR of 4.9 % during forecast period 2022-2027.
Salt is known scientifically as an "electrolyte." Salt and sugar are the main ingredients of an electrolyte drink, which is made with water or another ionizing liquid. Electrolyte drinks are advantageous because they aid in maintaining energy levels and promoting exercise recovery. For athletes or others who routinely exercise, it helps make up for the electrolyte loss. The quantity of electrolytes differs from person to person depending on various factors like gender, age, fitness level, and length of activity.
Market Drivers
The market for electrolyte drinks is expanding due to the introduction of new tastes as well as their beneficial effects on health. Apart from this, the market's expansion is also fuelled by changing consumer preferences and involvement in fitness and health programmes. In the years to come, the demand for electrolyte drinks is anticipated to increase due to shifting demographics and an increase in disposable income.
Market Restraints
One of the market restraints for electrolyte drinks over the forecast period is complying with strict regulations and different standards around the world. Other market restraints include rising competition, inflation estimated to stay above the upper band during the short term in key nations, and fluctuating raw material prices. The market for electrolytes is crowded, has numerous product advancements, and is very competitive.
Market Segmentation
The global electrolyte drinks market segmented on the basis of type, packaging and distribution channel. On the basis of type it segmented into isotonic, hypertonic and hypotonic. On the basis of application it segmented into packaging PET Bottles, cartons and hypertonic. On the basis of distribution channel it segmented into hypermarket/supermarket, drugstores, convenience stores, online stores and others.
Regional Analysis
The global electrolyte drinks market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The major markets are in North America and Europe, which account for more than half of the overall share. This is brought on by customers' growing preference for healthy beverages over typical sweet drinks. Additionally, as more people participate in sports and other comparable activities, there is a corresponding rise in the number of consumers who engage in physical activity. The market for electrolyte drinks will expand as a result.
Key Players
Various key players are listed in this report such as The Coca Cola Company, Pepsico, Inc., The Kraft Heinz Company, Pedialyte (Abbott Laboratories), PURE Sports Nutrition, The Vita Coco Company, Inc., SOS Hydration, Inc., Drinkwel, LLC, NOOMA, and Kent Corporation.
Market Taxonomy
By Type
Isotonic
Hypertonic
Hypotonic
By Application
PET Bottles
Cartons
Hypertonic
By Distribution Channel
Hypermarket/Supermarket
Drugstores
Convenience Stores
Online Stores
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Electrolyte Drinks Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
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