Source: www.preparedfoods.com |
Soft drinks can be
available in different forms like sports drinks, energy drinks and
nutraceutical drinks. The market for this
type of product is different from normal soft drinks market. So these products
are marketed with different marketing approaches. Sports drinks are meant to
replenish the fluid lost during exercise or any physical activity; whereas
energy drinks are to give you a boost of energy.
Global demand for
sports and energy drinks is expected to grow at a CAGR of more than 10% from
2011 to 2016. The major factor behind increasing demand for sports and energy
market is rising health awareness among consumers.
Coca-Cola Company, PepsiCo Inc,
GlaxoSmithKline, and Red Bull GmbH are some of the leading players in this
industry. These companies are innovating constantly and adding new products to
this niche segment. The industry is experimenting with products such as
sugar-free or light drinks to attract female consumers. Replacing the high
caffeine content of many energy drinks with herbal formulations will also
become an increasingly important area of development.
Ingredients
found in sports drinks are electrolytes, carbohydrates, sodium, sugar,
preservatives, B-Vitamin, citric acid, and others. Whereas energy
drinks consist of ingredients like caffeine, taurine, B vitamins, ginseng,
ginkgo biloba, L-Carnitine, sugars, antioxidants, and others.
Source: www.dolcera.com |
The market for sports and energy drinks has huge potentials and the growing preference. Although this market is limited to youngsters and players, there is a large scope to penetrate the untapped markets and older population. Sportsmen and athletes are the end users for sports drinks. Energy drink has quit generic end users like kids, teenagers and adults.
Source: www.preparedfoods.com |
The global sports and energy drinks market can be categories on the basis of various factors like types, end-users, ingredients, geography, top brands, and distribution channel.
The
global sports and energy drinks market is spread across North America (U.S.) ,
Europe (U.K.) , Asia- Pacific (Japan) and rest of the
world.
When
it comes to brands, sports drinks have two prominent brands like Gatorade &
Powerade whereas Red Bull is the famous brand in energy drinks segment. There
are many options for distribution channels of sports and energy drinks. It may
include convenience stores, Supermarkets/hypermarkets, Mass merchandisers, Drug
stores, Food service/sports nutrition chain, Vending Machines and others.
The necessity of expanding the current
core consumer base from the young generation to older people is to guarantee
future growth. Packaging
innovation has resulted in the launch of energy shots and re-sealable cans
recently.
Sorce: www.marketsandmarkets.com |
No comments:
Post a Comment