(MoneyNewsWire.Net, April 14, 2018 ) According to the report Sports Drink Market, published by Market Data Forecast, the Asia Pacific market was worth USD 785.14 million in 2017 and estimated to be growing at a CAGR of 6.1%, to reach USD 1050.39 million by 2022.
Sports drinks are consumed by athletes before a training or run so as to replace water and electrolytes and to provide them with energy. Usually while training due to loss of sweat, a lot of water and electrolytes are lost from the body. Sports drinks help them to restore back and by providing instant energy.
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Asia Pacific Sports Drink Market: Drivers & Restraints
With the rising interest of sports among people in order to stay fit, the market growth is expected to boost during the forecast period. Due to the rise in the disposable incomes, people are more willing to pay for energy and health products. The rising number of fitness centers being opened is further driving the market growth. Be that as it may, growing popularity of organic and natural products among consumers is expected to hinder the market growth
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Asia Pacific Sports Drink Market: Segmentation
By Ingredient types
By distribution channel
· Modern grocery retailers
· Traditional grocery retailers
o South Korea
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Asia Pacific Sports Drink Market: Overview
In 2017, the isotonic category is anticipated to command the largest share of the market. Bottles category accounts for a major market share.
Asia Pacific is expected to witness the highest CAGR during the forecast period owing to the growing demand among youth in the region coupled with growing increasing population.
Asia Pacific Sports Drink Market: Key Players
Some of the major Companies dominating the global sports drink market are Living Essentials, Cloud 9, AJE Group,PepsiCo, Coca-Cola, 100Plus, Lucozade, Sportade and Pocari Sweat, Arctico Beverage Company, Brtivic PLC, Champion Nutrition, D'angelo, Fraser & Neave Holdings BHD, Extreme Drinks Co., Abbott Nutrition Co, and GlaxoSmithKline PLC.
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