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Electrolyte Mix Market to Reach $30.1 Billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research

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Allied Market Research

14 Jun, 2023, 21:15 GMT

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The global electrolyte mix market is experiencing growth due to factors such as an increase in consumer interest in health and wellness, rise in demand for functional beverages, and surge in incidence of chronic diseases.

PORTLAND, Ore., June 14, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Electrolyte Mix Market by Type (Sports drinks, Electrolyte tablets, Electrolyte powders), by End User (Commercial, Residential), by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, E-Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global Electrolyte Mix industry generated $17.7 billion in 2022 and is anticipated to generate $30.1 billion by 2031, witnessing a CAGR of 5.2% from 2023 to 2032.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/74982

Prime determinants of growth

The increase in the trend of active aging and the rise in focus on healthy lifestyles among seniors have contributed to the demand for electrolyte mixes. However, health concerns associated with electrolytes hamper market growth. One of the primary concerns is related to the safety and effectiveness of the products. On the contrary, the surge in demand for natural and organic products is expected to provide prolific opportunities in the upcoming years. 

Report coverage & details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$17.7 billion

Market Size in 2032

$30.1 billion

CAGR

5.2 %

No. of Pages in Report

250

Segments Covered

Type, End User, Distribution Channel, and Region

Drivers

Increase in consumer interest in health and wellness

Surge in incidence of chronic diseases

Rise in demand for functional beverages

Opportunities

Surge in demand for natural and organic products

Rise in popularity of sports and fitness activities

Restraints

Availability of substitutes

Limited consumer awareness

Covid-19 Scenario

  • The pandemic led to an increased focus on health and wellness, as individuals sought ways to boost their immune systems and maintain overall well-being. This resulted in a surge in demand for electrolyte mixes, as they are perceived as a convenient and effective solution for hydration and replenishing essential nutrients.
  • The closure of gyms, fitness centers, and recreational facilities during lockdowns resulted in a shift in consumer behavior. With limited access to these facilities, some individuals reduced their consumption of electrolyte mixes typically used during physical activities, leading to a temporary decline in demand.
  • With social distancing measures and restrictions on physical retail, there was a significant surge in e-commerce and online shopping. Many consumers turned to online platforms to purchase electrolyte mixes, leading to the growth of online sales channels and a shift in the purchasing behavior of electrolyte mix products.

Buy This Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3X2G81v

The sports drinks segment to maintain its leadership status throughout the forecast period

Based on type, the sports drink segment held the highest market share in 2022, accounting for more than half of the global Electrolyte Mix market revenue and is estimated to maintain its leadership status throughout the forecast period. The convenience and flexibility of sports drinks have made them increasingly popular. However, the electrolyte tablets segment is projected to manifest the highest CAGR of 6.1% from 2023 to 2032. The electrolyte tablet market has been growing steadily in recent years driven by an increase in demand for convenient and effective ways to replenish electrolytes and combat dehydration.

The commercial segment to maintain its lead position throughout the forecast period

Based on end-user, the commercial segment held the highest market share in 2022, accounting for more than two-thirds of the global Electrolyte Mix market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the rising consumption of electrolyte among sports academies, gyms, and hospitals. The residential segment is the fastest-growing segment and is projected to manifest the highest CAGR of 5.8% from 2023 to 2032. This is attributed to rising awareness regarding hydration and wellness among people.

The e-commerce segment to witness the fastest growth throughout the forecast period

Based on the distribution channel, the specialty stores segment held the highest market share in 2022, accounting for more than two-fifths of the global Electrolyte Mix market revenue, and is estimated to maintain its leadership status throughout the forecast period. However, the e-commerce segment is projected to manifest the highest CAGR of 7.4% from 2023 to 2032. Rigorous online marketing has increased the popularity of this distribution channel in recent years, complemented by vast options, availability of detailed information, discount & free home delivery offered by various e-commerce platforms.

North America to maintain its dominance by 2032

The North America region held the highest market share in 2022, accounting for around two-fifths of the global Electrolyte Mix market revenue and is estimated to maintain its leadership status throughout the forecast period. The Electrolyte Mix market demand in North America has been driven by a number of factors, including the trend toward sports, fitness, well and body hydration. However, the Asia-Pacific region is projected to manifest the highest CAGR of 6.9% from 2023 to 2032. This is attributed to an increasing focus on health and fitness in Asia-Pacific, with more individuals becoming conscious of the importance of staying active and maintaining overall well-being.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/74982

Leading Market Players: -

  • ATLANTIC ESSENTIAL PRODUCTS, INC.
  • DR. PRICE'S VITAMINS
  • FIRST ENDURANCE
  • GU ENERGY LABS
  • HALEWOOD LABORATORIES PVT. LTD.
  • HAMMER NUTRITION
  • NUTRICOST
  • SKRATCH LABS, LLC
  • ULTIMA HEALTH PRODUCTS, INC.
  • SEQUEL NATURAL LLC
  • DENVER BODEGA LLC
  • GLAXOSMITHKLINE PLC
  • UNILEVER PLC
  • NESTLE S.A.
  • PEPSICO, INC.

The report provides a detailed analysis of these key players in the global Electrolyte Mix market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
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India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
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Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg

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