Energizing the Game: Dynamics of the USA Sports Drink Industry
As per the latest recent research report by Future Market Insights, total USA sports drink market sales in the USA are estimated to surge at 3.7% CAGR between 2023 and 2033, reaching a value of US$ 10.9 billion by 2033. In 2023, the USA sports drink market is set to be valued at US$ 7.6 billion.
Increasing interest in physical fitness, particularly among millennials, an increase in sports-related activities, and the introduction of drinks with organic ingredients are just a few of the key factors anticipated to propel growth in the US sports drink market over the coming ten years..
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It is anticipated that customer demand for sports drinks would increase in the future due to their nutritional benefits.The sports drink industry in the USA is dominated by protein drinks, which are predicted to sustain market growth. Branched amino acids and proteins help to reduce muscle soreness and give the body quick energy during exercises or other activities. Food and beverage makers are now expressing interest in the energy drink and sports drink segments as a result of the rising demand for sports beverages.
Key Takeaways from Market Study
The USA sports drink market is estimated to be valued at US$ 7.6 billion in 2023.
Based on form, the liquid segment holds a prominent market share of 82.0% in the USA sports drink market.
In terms of distribution channel, the store-based retailing sub-segment of offline category holds around 67.0% share of the USA sports drink
Competitive Landscape
With increasing penetration of new start-ups, the USA Sports Drink market is becoming highly competitive. In order to gain a competitive edge in the market, companies are utilizing strategies such as new product launches, partnerships, mergers, acquisitions, collaborations, and celebrity endorsements.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Sports Drink presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the USA Sports Drink Market based on product type (isotonic, hypotonic, hypertonic), distribution channel (offline, online retail), flavor (unflavored, flavored), form (powdered, liquid), packaging material (metal, pet/plastic, glass).
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USA Sports Drink Market by Category
By Product Type:
Isotonic
Hypotonic
Hypertonic
By Distribution Channel:
Offline
Store-Based Retailing
Hypermarkets /Supermarket
Convenience Stores
Mom and Pop Stores
Discount Stores
Specialty Stores
Independent Small Groceries
Online Retail
By Flavor:
Unflavored
Flavored
Citrus.
Berries
Mocha
Pomegranate
Apple
Mint
Blends (Mix)
Cola
Watermelon
Others
By Form:
Powdered
Liquid
By Packaging Material:
Metal
PET/Plastic
Glass
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Future Fare: Exploring the Growth of Cultured Meat
The global cultured meat market is set to witness cultured meat market growth at a CAGR of 18.7% and top a valuation of US$ 22.6 Billion by 2032.
The COVID-19 epidemic, which is devastating the food and beverage industry, is expected to cause a fall in sales of cultured meat.The production of cultured meat is mostly a microbiological process, and the market for it is growing swiftly.
Consumer desire for cultured meat and changes in lifestyle following the coronavirus illness outbreak may have a significant impact, which is anticipated to play a crucial role in the market for cultured meat.
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However, as of right now, only Singapore has authorised the sale of cultured meat products, followed by the US and a few other industrialised nations in terms of the key trends and opportunities in the cultured meat business.
The market for cultured meat is anticipated to rise as environmental and animal welfare concerns become more prevalent.
Key Takeaways from Market Study
The cultured meat market is worth of US$ 4.1 Billion sales in 2022.
The cultured meat market is expected to expand at CAGRs of 18.7% through 2032.
Global demand for cultured meat is projected to grow year-on-year (Y-o-Y) growth of 12.7% in 2022.
The cultured meat market is growing with a notable boost towards the production to reach USD 22.6 Billion by 2032.
Innovating formulations, research patenting, and sustainability are the factors driving cultured meat market growth to be the influencing factors
Competitive Landscape
Since the demand for cultured meat is increasing, particularly in developed countries, cultured meat producers are gaining a competitive advantage in the cultured meat market.
Cultured meat is one of the most important research projects in the last decade, and it is about to hit the cultured meat market with greater potential. This is further enhancing the global cultured meat market’s favourable market scenario.
Upside Foods (Memphis Meats), Nutreco, Merck KGaA, GOOD Meat (Eat Just, Inc.), Aleph Farms Ltd, Redefine Meat Ltd., Matrix Meats, Mosa Meat, MEATABLE B.V., Tyson Foods, Inc., and others are among the major players of the cultured meat market.
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Cultured Meat Market By Category
By Meat Type:
Poultry
Pork
Beef
Seafood
Others
By Application:
Food Services Industry
Pet Food Industry
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa