LONDON, Nov. 29, 2018 /PRNewswire/ -- 100 Pages, November 2018
About this market
The demand for functional drinks has increased among consumes. This is encouraging numerous existing and new beverage companies to introduce new products in the market. Brands such as PepsiCo, Coca-Coal, and others have introduced unique sports and energy beverages that deliver great taste and nutrients. Technavio's analysts have predicted that the global sports and energy drinks market will register a CAGR of over 11% by 2022.
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Market overview
Consumer focus on health and wellness
The prevalence of chronic diseases is rising among the aging population and the healthcare service is getting expensive with time. This is forcing individuals to look for affordable means to maintain their health and wellbeing. As a result, they are spending more on health and wellness products such as energy drinks as these products provide them essential nutrients, improves productivity, and boosts energy.
Increasing cases of obesity
Sports and energy drinks are sweetened with sugar. The excessive consumption of these drinks, mostly by teenagers, may cause weight gain and obesity.
For the detailed list of factors that will drive and challenge the growth of the global sports and energy drinks market during 2018-2022, view our report.
Completive landscape
The market appears to be fragmented with the presence of many companies. Factors such as the growing demand for functional drinks and consumer focus on health and wellness, will provide considerable growth opportunities to sports and energy drinks market vendors. Monster Energy Company, PepsiCo, Red Bull, Rockstar, and The Coca-Cola Company are some of the major companies covered in this report.
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