Sports and Energy Drinks Energize Growth in $12.5 Billion Beverage Market, According to New Report
According to a recently released market research report published by Global Industry Analysts Inc., the world sports drinks market and energy drinks market are collectively expected to reach US $39.2 billion by 2010. Sports drinks represent a well-entrenched segment with a more stable consumption trend in the beverage market. The energy drinks market, on the other hand, is rapidly expanding, given its relatively unexplored and untapped potential.
San Jose, California (PRWEB) June 27, 2007
A new report on the influence of sports and energy drinks in the beverage market has been released by Global Industry Analysts, Inc. ÂSports and Energy Drinks: A Global Strategic Business ReportÂ provides a comprehensive review of market trends, drivers, challenges, product overviews, players and competition. Emphasis is placed on consumption trends, product positioning strategies, consumer preferences, demographic trends and flavor innovations, among others. The report also offers detailed company profiles and enumerates recent developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for established/emerging geographic markets such as United States, Japan, France, Germany, U. K., Italy, Spain, Asia, Latin America and the Middle East.
Sports and energy drinks are high priced premium functional beverages market that witnessed robust growth over the last decade. The United States continues to be the largest market, worth an estimated U. S. $12.5 billion in 2007, followed by Europe and Japan. Collectively, they account for about 88 percent of the global market. The U. S. sports drinks market is mature while the energy drinks segment is expected to grow at a strong rate of 33.7 percent. The European market is expected to grow at a healthy pace. The U. K. and Germany are the largest regional markets with sales exceeding U. S. $4.6 billion. France is the fastest growing market at 18 percent CAGR. Japan is projected to see a moderate growth.
The desire to lead healthy lives and the importance of exercise in physical well-being is a major growth driver propelling consumption of these new age beverages (http://www. strategyr. com/MCP-1178.asp). Sports drinks are driven by unique product concepts, new brands, flavors and brand extensions of popular products. This performance beverage market is now positioned as a sophisticated specialist segment of the sports nutrition market (http://www. strategyr. com/MCP-1178.asp) for professional athletes and body builders. The energy drinks market (http://www. strategyr. com/MCP-1178.asp) typically contains a variety of revitalizing ingredients. They have crept into lifestyles of various demographic groups including children, ethnic groups and fitness enthusiasts. Energy drinks are being positioned as a universally appealing drink for children and adults alike.
Changes in branding and marketing strategies are altering dynamics at the product, player, and market level. For energy drinks, a male-oriented market is witnessing players make an all-out effort to attract more female customers and retain aging consumers. Leading companies are responding to flavor preferences of women with buzzwords such as light, sugar-free, low-carb, crisp and delicately carbonated beverages. Aging baby boomers with higher disposable incomes and the desire to maintain personal health and fitness, represents a lucrative target group. Intelligent product positioning engineered to suit specific consumer lifestyles is, and will continue to be, a key factor for successful market expansion. Introduction of unique energizing concepts, product positioning and strong marketing initiatives are expected to prop up growth patterns.
The market is characterized by the presence of specialized manufacturers as well as food and beverage powerhouses. Key players in the marketplace include Pepsi, Coca Cola, Danone, Hansen Beverage Company, Monarch Beverage Co, Red Bull, Dark Dog, GlaxoSmithkline, Extreme Beverages, Taisho Pharmaceuticals and Otsuka Pharmaceuticals. In terms of market share, Gatorade and Red Bull lead the sports and energy drinks segments, respectively. The Japanese market is dominated by regional players such as Taisho -- the pioneering developer of Lipovitan brand, Otsuka Pharmaceuticals and others.
For more details about this research report, please visit www. strategyr. com/MCP-1178.asp (http://www. strategyr. com/MCP-1178.asp).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worldÂs largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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