GCC Sports and Energy Drinks Market Outlook, Industry Size, Growth Factors, Investment Opportunity 2024-2032
- Ruby Arora
- Jun 25, 2024
- 3 min read
IMARC Group, a leading market research company, has recently releases report titled “GCC Sports and Energy Drinks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”. The study provides a detailed analysis of the industry, including the GCC sports and energy drinks market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GCC Sports and Energy Drinks Market?
The GCC sports and energy drinks market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
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GCC Sports and Energy Drinks Market Trends and Drivers:
The growing demand for sports and energy drinks that offer functional benefits like improved focus, reduced fatigue, and enhanced athletic performance is primarily driving the growth of the GCC sports and energy drinks market. Additionally, the elevating levels of urbanization and fast-paced lifestyles are resulting in higher stress levels and an increased need for instant energy solutions, which is catalyzing the demand for energy drinks. Moreover, the growing café culture in urban areas of the GCC has integrated sports energy drinks into the mainstream beverage market, which is acting as a significant growth-inducing factor.
Apart from this, the expanding healthcare sector is further augmenting the growth of the market. Athletes and fitness enthusiasts are increasingly consuming these beverages to enhance their performance and aid post-workout recovery. Additionally, various leading companies are extensively investing in effective marketing strategies, such as branding, celebrity endorsements, and strategic sponsorships, to create a strong association between energy drinks and an active lifestyle, which is positively influencing the growth of the market. Moreover, numerous manufacturers are introducing healthier alternatives to sports and energy drinks prepared with natural ingredients, reduced sugar content, and added health benefits, which is further catalyzing the market growth. Besides this, technological advancements in production and packaging, along with easy product availability across online and offline retail channels, are projected to drive the growth of the GCC sports and energy drinks market in the coming years.
GCC Sports and Energy Drinks Market Report Segmentation:
The report is organized into distinct sections as follows:
Sports Drinks Market
Breakup by Product Type:
Isotonic
Hypertonic
Hypotonic
Breakup by Packaging Type:
Bottle (Pet/Glass)
Can
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
Breakup by Country:
Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain
Energy Drinks Market
Breakup by Product:
Alcoholic
Non-Alcoholic
Breakup by Type:
Non-Organic
Organic
Breakup by Packaging Type:
Bottle (Pet/Glass)
Can
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
Breakup by Target Consumer:
Teenagers
Adults
Geriatric Population
Breakup by Country:
Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3926&flag=C
Other Key Points Covered in the Report:
COVID-19 Impact
Porters Five Forces Analysis
Value Chain Analysis
Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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