#Sports #Drink #Market #Assessment
Pune, India, Oct. 26, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the global sports drink market size is predicted to reach USD 36.35 billion in 2028 from USD 27.22 billion in 2021, exhibiting a CAGR of 4.2% during the forecast period. The growing number of health-conscious consumers around the world will consequently aid the market growth in the forthcoming years. Furthermore, the rising number of athletes and sports persons will also encourage the growth of the market. According to the National Collegiate Athletic Association (NCAA), the number of NCAA athletes stretched high. In 2017-18, around 494,992 students participated in NCAA championship sports, which was an increase of more than 3,000 since 2016-17. This information is given by Fortune Business Insights, in a new report, titled, “Sports Drink Market, 2021 – 2028.” The market value stood at USD 26.24 billion in 2020. As per the report, the surging focus of males and females on sports activities will have a positive impact on growth. For instance, the number of men’s teams nationwide increased by 62 in the past years, while women’s teams increased by 64. Women’s teams have outnumbered men’s teams since 1996-97.
COVID-19 Pandemic: Rising Home Workouts to Result in High Growth
The COVID-19 pandemic has resulted in rising workout practices from home and has further augmented the demand for sports drinks. As per a study published by the Food Business News, the retail sales of non-aseptic energy drinks U.S. surged by 15% in the U.S. in November 2020. But, the gradual lift of lockdowns and curfews in various countries worldwide is anticipated to increase the number of outdoor activities in the near future. It would also contribute to growth.
Get a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sports-drink-market-102083
Sports Drink Market Report Scope & Segmentation:
| Report Coverage | Read on GNW: Sports Drink Market Assessment (2021-2028)
 Asia BusinessYou May Also Like 
BusinessState would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act  
press releaseWith a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world. press release#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market... press releaseBarrington Research Analyst James C.Goss reiterated an Outperform rating on shares of IMAX Corp IMAX with a Price target of $20. As theaters... |