Colombia Energy & Sports Drinks Market Overview, 2028

Colombia Energy & Sports Drinks Market Overview, 2028

Bonafide Research 31-05-2023 57 Pages Figures : 4 Tables : 8
Region : South America Country : Czech Republic Category : Food & Beverages Beverages

Energy and sports drinks have gained significant popularity in Colombia in recent years, capturing the attention of athletes, fitness enthusiasts, and individuals seeking a boost in energy levels. These beverages are designed to provide hydration, replenish electrolytes, and enhance performance during intense physical activities. With Colombia's strong sports culture and growing focus on health and fitness, energy and sports drinks have become increasingly prominent in the market. Colombia's love for sports and the pursuit of an active lifestyle has created a favorable environment for the rise in popularity of energy and sports drinks. These beverages offer a convenient and accessible way to supplement energy and enhance athletic performance, making them attractive to a wide range of consumers. In response to the increasing demand, local Colombian brands have emerged, offering a diverse range of flavors and formulations tailored to cater to the specific needs and preferences of consumers. These brands often actively engage with the sports community by sponsoring events and athletes, further solidifying their presence in the market. While energy and sports drinks can be beneficial for those engaged in intense physical activities, it is important to approach their consumption with caution and moderation. Understanding individual nutritional needs and consulting professionals, such as healthcare providers or sports nutritionists, can help individuals make informed choices regarding the appropriate use of these beverages. According to the research report “Colombia Energy and Sports Drinks Market Overview, 2028,"published by Bonafide Research, The Colombia Energy and Sports Drinks Market is projected to reach market size of more than 956 Million by 2028. In Colombia, energy and sports drinks are regulated by the Instituto Nacional de Vigilancia de Medicamentos y Alimentos (INVIMA), which is the national authority responsible for overseeing food and beverage safety and quality. INVIMA establishes guidelines and regulations to ensure that these products are safe for consumption and properly labeled. The regulations typically cover aspects such as ingredients, labeling requirements, nutritional information, and health claims. Energy and sports drinks may be required to comply with specific standards related to their formulation, including limits on caffeine content and the inclusion of certain vitamins or minerals. Additionally, the labeling of these products should provide accurate and clear information about their ingredients, nutritional values, and any potential health risks. Energy drink companies in Colombia are Red Bull Colombia, Monster Energy Colombia, Gatorade (PepsiCo), Burn (The Coca-Cola Company), Powerade (The Coca-Cola Company), Hype Energy Drinks, Adrenaline Rush, Xtreme Energy Drink, Fast Energy Drink, Guri Energy Drink, Atomic Energy Drink, Speed Energy Drink. In Colombia, the market for energy and sports drinks can be segmented based on various factors such as target audience, functionality, and distribution channels. Target Audience includes, General consumers who consume energy and sports drinks for their daily hydration needs or occasional energy boost during physical activities. And Athletes and fitness enthusiasts involved in sports, fitness, or high-intensity workouts who require specialized energy and sports drinks to enhance their performance and aid in post-exercise recovery. Distribution Channels includes Retail stores such as supermarkets, convenience stores, and other retail outlets, targeting general consumers who require hydration or an occasional energy boost. Also, Drinks can be distributed or made available within gyms, fitness centers, and sports facilities to cater to athletes and fitness enthusiasts looking for performance-enhancing beverages. In addition, E-commerce platforms offer the convenience of purchasing energy and sports drinks online, targeting consumers who prefer online shopping or seek specialized products not readily available in physical stores. Colombia, known for its passion for sports, has seen an increase in the demand for energy and sports drinks as people become more health-conscious and actively engage in physical activities. These drinks are marketed as providing hydration, electrolyte replenishment, and an energy boost, making them appealing to individuals seeking to optimize their athletic performance. The popularity of energy and sports drinks has led to the emergence of local Colombian brands that offer a variety of flavors and formulations tailored to meet the specific needs of athletes and fitness enthusiasts. These brands often sponsor sports events and athletes, further promoting their products within the sports community. While the consumption of energy and sports drinks has increased, it's important to note that moderation and understanding individual nutritional needs are key. These drinks are formulated to cater to specific purposes and may not be suitable for everyone or necessary for everyday activities. It's always recommended to consult with a healthcare professional or sports nutritionist for personalized advice regarding the consumption of these beverages. Considered in this report • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Colombia energy and sports drinks market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Energy drink • Sports drink By Energy drink product type • Non-Alcoholic • Alcoholic By Energy drink type • Non-Organic • Organic By Sports drink product type • Isotonic • Hypotonic • Hypertonic By Sports drink packaging type • Bottels • Cans By Distribution Channel • Supermarket/Hypermarket • Convenience Stores • On-Trade • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to energy and sports drinks industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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