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The electrolyte mixes market share is expected to increase by USD 2.28 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 11.54%.
This electrolyte mixes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electrolyte mixes market segmentation by end-user (human and animal) and geography (North America, Europe, APAC, South America, and MEA). The electrolyte mixes market report also offers information on several market vendors, including Abbott Laboratories, Cargill Inc., Fonterra Co operative Group Ltd., LyteLine LLC, Nuun and Company Inc., PepsiCo Inc., Sequel Natural Ltd., Tailwind Nutrition, The Coca-Cola Co., and Ultima Replenisher among others.
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The health benefits are notably driving the electrolyte mixes market growth, although factors such as lack of awareness and availability of electrolyte mixes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electrolyte mixes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Electrolyte Mixes Market Driver
The increasing awareness of several health benefits will drive the electrolyte drinks market in the upcoming years. Owing to the presence of essential salts such as sodium, potassium, calcium, and others, the consumption of electrolyte mixes has increased significantly among health-conscious consumers. The fact that electrolyte mixes improve electrolyte balance in the body makes it a viable choice for consumers to maintain the stimulation of body muscles and nerves. Electrolyte mixes also help in delaying the onset of fatigue and enhance endurance capacity. Also, the increasing adoption of electrolyte mixes for relaxing muscles, regulating body temperatures, and maintain blood pH levels will drive the market growth during the forecast period.
Key Electrolyte Mixes Market Challenge
The lack of awareness and availability of electrolyte mixes is one of the primary challenges hindering the growth of the market. Electrolyte mixes such as ORS powder are not as popular as their counterparts, such as sports drinks and electrolyte drinks. They are among the primary medicines used in curing dehydration and diarrhea. However, in many developing nations, people with low health awareness are unaware of the use of electrolyte mixes during diarrhea to prevent or treat dehydration and replenish the lost electrolytes. Also, their sales generate a low margin of profit for vendors because of high subsidies on the price of electrolyte mixes. Hence, in many countries, electrolyte mixes are mainly distributed by large NGOs, such as UNICEF. These factors limit the growth of the electrolyte mixes market in developing countries.
This electrolyte mixes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the electrolyte mixes market encompasses successful business strategies deployed by the key vendors. The electrolyte mixes market is fragmented and the vendors are distinguishing their products and service offerings through clear and unique value propositions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The electrolyte mixes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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38% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for electrolyte mixes in North America. Market growth in this region will be faster than the growth of the market in MEA.
The growing demand for electrolyte mixes that strengthen the immune system and support a healthy and active lifestyle will facilitate the electrolyte mixes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The electrolyte mixes market share growth by the human segment will be significant during the forecast period. Humans are the major consumers of electrolyte mix products. Generally, it contains various minerals and essential elements like sodium, potassium, and magnesium. The segment's growth is driven by the growing demand for sports drinks among gym and health club-goers. Demand for fortified food and beverages due to rising health-consciousness and preference for products that lead to faster recovery from dehydration and fatigue among athletes are major factors fostering the segment's growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the electrolyte mixes market size and actionable market insights on post COVID-19 impact on each segment.
Electrolyte Mixes Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.54% |
Market growth 2021-2025 |
$ 2.28 billion |
Market structure |
Fragmented |
YoY growth (%) |
10.50 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abbott Laboratories, Cargill Inc., Fonterra Co operative Group Ltd., LyteLine LLC, Nuun and Company Inc., PepsiCo Inc., Sequel Natural Ltd., Tailwind Nutrition, The Coca-Cola Co., and Ultima Replenisher |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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