PUNE, India, October 26, 2022 (GLOBE NEWSWIRE) — Loud Insights into the Fortune businessthe globe Market size for sports drinks is forecast from $27.22 billion in 2021 to $36.35 billion in 2028, at a CAGR of 4.2% during the forecast period. The growing number of health conscious consumers around the world will consequently support the market growth in the coming years. Furthermore, the increasing number of athletes and sportsmen will boost the growth of the market. According to the National Collegiate Athletic Association (NCAA), the number of NCAA athletes was high. About 494,992 students competed in NCAA championship sports in 2017-18, an increase of more than 3,000 since 2016-17. This information is provided by Insights into the Fortune businessin a new report titled “Sports Drinks Market, 2021 – 2028.” The market value in 2020 was $26.24 billion. According to the report, increasing focus on physical activity by both men and women will have a positive impact on growth. For example, the number of men’s teams nationwide increased by 62 in recent years, while women’s teams increased by 64. Since 1996-97, women’s teams have outnumbered men’s teams.

COVID-19 Pandemic: Increasing home workouts lead to high growth

The COVID-19 pandemic has led to rising practice of working out from home and further increased demand for sports drinks. Retail sales of non-aseptic energy drinks in the US increased 15% in November 2020, according to research published by Food Business News. However, the gradual lifting of lockdowns and curfews in various countries worldwide is expected to further increase this range of outdoor activities in the near future. It would also help growth.

Get a sample copy of the research report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sports-drink-market-102083

sports drink market Scope and segmentation of the report:

report coverage	details
forecast period	2021-2028
Forecast CAGR	4.2%
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