Market Size of Brazil Sports Drinks Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Sports Drinks Market Analysis
The Brazilian sports drinks market is projected to grow at a CAGR of 3.6% during the forecast period.
- The growing athlete community and an increasing number of sportspersons in developing countries are some of the factors driving the market. In addition, rising consumer inclination towards physical fitness and an increased number of fitness centers and health clubs are expected to fuel the market growth.
- Manufacturers are focusing on expanding their product portfolio by innovating new flavors with added health benefits. They are targeting different age groups owing to the popularity of sports drinks among teenagers and adults.
- Convenience in the consumption of sports drinks, such as ready-to-drink products, with recognizable ingredients and advanced formulation, is also driving the market.
