"Assisting You in Establishing Data Driven Brands"

Sports Drink Market Size, Share & COVID-19 Impact Analysis, By Type (Isotonic, Hypotonic, and Hypertonic), Brand (Gatorade, Powerade, and Others), Packaging Type (Metal, PET/Plastic, and Glass), Distribution Channel (Offline Channel and Online Channel), and Regional Forecasts, 2021 – 2028

Region : Global | Format: PDF | Report ID: FBI102083

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global sports drink market size was USD 26.24 billion in 2020. The impact of COVID-19 has been unprecedented and staggering, with sports drinks witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the market exhibited a stellar growth of 7.7% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 27.22 billion in 2021 to USD 36.35 billion in 2028 at a CAGR of 4.2% in the 2021-2028 period. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.


The product is a part of functional drinks mainly manufactured to help athletes to remain hydrated before and after exercise. It improves an athlete’s performance and is rich in carbohydrates, minerals, and electrolytes. These beverages also comprise water, sodium, flavors, potassium, sugar, and artificial colors.  From the past few years, the remarkable development in the industry is due to the marketing shift from offering electrolyte drinks to athletes to other consumers. The rising inclination towards fitness activities and increasing trend of participation in half and full marathons have helped in flourishing the industry.


In addition, the need for the drink is increasing at a rapid pace as they help to enhance performance, endurance and allow athletes to do vigorous exercises.  Moreover, the surging athlete population and sports players in developing countries are one of the major factors that would propel the market growth during the forecast period. For instance, as per the data issued by the National Collegiate Athletic Association (NCAA), the number of NCAA athletes increases rapidly. In 2017-18, approximately 494,992 students participated in NCAA championship sports, which was an increase of more than 3,000 since 2016-17. The migration from rural to urban areas is causing a major population change, thereby impacting consumption patterns.


COVID-19 Pandemic to Bolster Demand Backed by Rising Home Workout Sessions


The outbreak of COVID-19 has resulted in hiking the consumption of the product, which is majorly contributed by the increasing number of people working out from their homes. For instance, the data released by the Food Business News in November 2020 mentions that the United States retail sales of non-aseptic energy drinks witnessed a rise of 15% to USD 3.51 billion during 52 weeks which ended on 12th July 2020. The prominent brands such as Red Bull North America, Inc. also experienced a growth of 11% to USD 1.39 billion in 2020, and Monster Beverage Corp., Corona, Calif., enlarged by 4.9% to USD 1.23 billion. In addition, the gradual lift of curfew and lockdowns in various countries all over the world would assist in increasing outdoor activity participation, which would further help to escalate the demand for sports drinks.


LATEST TRENDS


Request a Free sample to learn more about this report.


Surging Production of Healthier Products is a Prominent Trend


Manufacturers are progressively incorporating natural ingredients as they are health-friendlier compared to regular sports beverages, which acts as an opportunity for market growth. For instance, in February 2021, a Chicago-based start-up, Good Sports, launched its natural sports drink, which is made out of 97 percent dairy. This possesses three times the electrolytes and 33 percent less sugar as compared to traditional ones. In addition, the increasing health conscious-population in developing and under-developed countries will boost the sports drink market trends.


DRIVING FACTORS


Increasing Inclination towards Physical Fitness to Propel Market Growth


The growing inclination of the millennial population towards physical and fitness-related activities, rising buying power, and willingness to pay for healthier alternatives are some of the major factors accelerating the demand for sports drinks. For instance, the data published by the International Health, Racquet & Sportsclub Association in October 2019 states that 76 percent of millennials are assessed to exercise at least once a week.


In addition to this, this healthy drink provides several benefits, such as minimizing the risk of dehydration and electrolytes in a sports beverage, replaces sweat, and maintains the balance of electrolytes in the body. Therefore, increasing awareness regarding the health benefits offered by the product among consumers is likely to augment the sports drink market growth.


Rising Focus of Manufacturers to Introduce Innovative and Healthy Flavours to Facilitate Growth


Various manufacturers are focusing more on innovations and launching organic drinks with different flavors, which will meet up the nutritional demand of consumers. This innovation will simultaneously help many companies to increase their revenues, which, in turn, would drive market growth. For instance, in January 2020, a leading brand named Powerade came up with innovations to fuel and refuel athletes. Powerade has expanded its product portfolio with two new zero-sugar innovations that offer functional hydration solutions and packaging designs. It launched POWERADE ULTRA, which includes branched-chain amino acids (BCAAs), creatine, vitamins B12, B6, and B3, and +50% more ION4 electrolytes compared to the original POWERADE.


RESTRAINING FACTORS


Presence of High Level of Sugar to Hamper Market Growth


The majority of the product available in the market contains a high level of sugar which can result in a negative impact on the health. Thus, this is acting as a restraining factor for the market growth. For instance, the average 20-ounce bottle packs of Gatorade sports drinks have 34 grams of sugar content.


SEGMENTATION


By Type Analysis


To know how our report can help streamline your business, Speak to Analyst


Isotonic Type Segment is Expected to Dominate the Global Market


Globally, the isotonic type is one of the leading segments in the market as it contains almost the same amount of sugar and salt as in the human body. Most of the products such as Powerade, Lucozade, and others fall into the isotonic category.  Additionally, this type of drink is one of the preferred choices by athletes, especially by middle and long-distance runners and those involved in team sports.


Hypotonic and hypertonic are also exhibiting a robust presence in the market as these beverages possess less concentration of electrolytes than the body, which let the solution to absorb quicker than isotonic drinks.


By Brand Analysis


Gatorade Segment to Hold Major Share Owing to its Increasing Demand from Athletes


Gatorade is expected to hold a major global sports drink market share. This brand holds around 70% to 80% of the share in the global sports beverage industry. Furthermore, the large customer base, consumer experiences, and brand loyalty are some of the major factors supporting the growth of this segment.


The Powerade and others segments are also observing a significant rise in consumption as these products contain essential micronutrients, which include niacin, magnesium, vitamins B12, and B6, which play vital roles in the body.


By Packaging Type Analysis


Durability Property to Keep Metal Packaging Segment at the Forefront


The metal packaging segment is anticipated to be dominant on account of its durability, assisting to decrease the product damage from import and export to far off places. Likewise, its ability to help maximize the space in the case of shipping and storage boosted its preference rate.


On the other hand, PET/plastic and glass are also becoming popularly being used as packaging material decreases the production cost as compared to metal while also possessing recyclability.


By Distribution Channel Analysis


Offline Channel Segment to Support the Growth of the Global Market


The offline channel segment is the dominating segment owing to the offering of instant purchase, which is convenient for most consumers. Likewise, the rapid development in the retail sector has led to an increase in the number of hypermarket and supermarket chains, thereby driving the segment’s growth. 


Alternatively, the online sales channels segment has observed an escalating growth as it brings relief to a large number of consumers who want to avoid browsing various sports drink products in multiple stores.


REGIONAL INSIGHTS


North America Sports Drink Market Size, 2020 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


The Asia Pacific market is projected to have a significant presence owing to the increasing sports player population and rising trend of various fitness activities. According to the Special Olympics, in 2018, India experienced the largest growth with approximately 80,000 new young athletes. However, increasing middle-class consumers with changing lifestyles, especially in emerging economies such as China and India, are creating their own consumption trends, which are fueling the demand for naturally flavored sports drinks.


North America is a prominent market shareholder, boasting a size of USD 8.80 billion in 2020. A large number of its population participating in outdoor outings propelling the consumption of the drink is likely to fuel the demand. For instance, the Outdoor Industry.Org data mentions that in 2018, the people in the United States population were assessed on 1 billion fewer outdoor outings. Similarly, the massively high sports participation resulted in fostering the usage of sport drinks for performance enhancement helps to generate traction.


Europe is projected to display significant growth, owing to fitness clubs progressively gaining more members who needed the drink to enhance their workout. For instance, the data released by Europe Active.eu states that in 2019, there were 65 million members in European health and fitness clubs which is a rise of 3.6 percent. Likewise, the escalating number of tourists visiting Europe led to spikes in consumption, as it helps to regain their energy while touring various places. For instance, the United Nations World Tourism Organization data declares that in 2019 Europe has 710 international tourist arrivals.


South America is anticipated to exhibit considerable growth due to a large number of people employed in physically demanding types of jobs, which increase the usage of sports drinks to boost their productivity. For instance, the data published by the International Labour Organization mentions that in 2019 Argentina has 1 million people employed in the construction sector.


To know how our report can help streamline your business, Speak to Analyst


The Middle East & Africa is also showing a substantial development owing to the economic progress experienced by various countries assisting to increase the number of people to give importance in upholding their health and fitness. According to the World Bank.Org data, in 2018, South Africa witnessed a rise in its Gross Domestic Product of USD 368.289 billion, a rise from USD 349.554 billion from its prior year.


KEY INDUSTRY PLAYERS


Major Players are Focusing on Expanding Product Portfolios


Key players in the global market include PepsiCo, the Coca-Cola Company, BA Sports Nutrition, AJE Group, Britvic PLC., MyDrink Beverages, and others. These players are trying to meet the consumer’s requirement by manufacturing various innovative and latest products under their brands. Moreover, for expanding their product portfolios, key players are adopting various business strategies, such as product launches, partnerships, mergers, expansions, collaborations, agreements, acquisitions, and others.


LIST OF KEY COMPANIES PROFILED:



  • PepsiCo, Inc (New York, United States)

  • The Coca-Cola Company (Georgia, United States)

  • BA Sports Nutrition (Whitestone, New York)

  • AJE group (Lima, Peru)

  • Britvic PLC. (Hertfordshire, United Kingdom)

  • MyDrink B   everages (Minnesota, USA)

  • Kraft Heinz Company (Illinois, United States)

  • Nestle SA (Vevey, Switzerland)

  • GlaxoSmithKline plc. (Brentford, United Kingdom)

  • Abbott Nutrition co (Illinois, United States)


KEY INDUSTRY DEVELOPMENTS:



  • June 2019: Coca-Cola declared the introduction of its Powerade sports beverage in India to expand its portfolio and offer a number of options to consumers in India.

  • July 2019: Gatorade announced the launch of BOLT24, a low-calorie electrolyte beverage for athletes. This product includes no artificial sweeteners or flavors and is designed for hydration.


REPORT COVERAGE


An Infographic Representation of Sports Drink Market

To get information on various segments, share your queries with us



The global market research report provides a detailed analysis of the industry and focuses on crucial aspects such as leading companies, type, brand, packaging type, and distribution channels. Besides this, it offers insights into the market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses several key factors that have contributed to the growth of the market over recent years.


Report Scope & Segmentation














































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



By Type



  • Isotonic

  • Hypotonic

  • Hypertonic



By Brands



  • Gatorade

  • Powerade

  • Others



By Packaging Type



  • Metal

  • PET/Plastic

  • Glass



By Distribution Channel



  • Offline Channel

  • Online Channels



North America (By Type, Brands, Packaging Type, Distribution Channel and by Country)



  • U.S. (By Type)

  • Canada (By Type)

  • Mexico (By Type)


Europe (By Type, Brands, Packaging Type, Distribution Channel and by Country)



  • Germany (By Type)

  • France (By Type)

  • Italy (By Type)

  • Spain (By Type)

  • The U.K. (By Type)

  • Rest of Europe (By Type)


Asia Pacific (By Type, Brands, Packaging Type, Distribution Channel and by Country)



  • China (By Type)

  • India (By Type)

  • Japan (By Type)

  • Australia (By Type)

  • Rest of Asia Pacific (By Type)


South America (By Type, Brands, Packaging Type, Distribution Channel and by Country)



  • Brazil (By Type)



  • Argentina (By Type)

  • Rest of South America (By Type)


The Middle East and Africa (By Type, Brands, Packaging Type, Distribution Channel and by Country)



  • South Africa (By Type)



  • UAE (By Type)

  • Rest of the Middle East and Africa (By Type)



Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 26.24 billion in 2020.

Registering a CAGR of 4.2%, the market will exhibit steady growth in the forecast period (2021-2028).

Based on the packaging type, the metal segment is expected to lead the market during the forecast period.

The increasing health-conscious population, surging number of sports players, and rising income levels are the key factors driving the markets growth.

PepsiCo and the Coca-Cola Company are the top players in the global market.

North America is expected to hold the highest share in the market in 2021.

The Powerade brand is expected to witness the fastest growth in the global market.

The increasing concern of fitness, rising consumption of nutrition drinks, and rising number of athletes are the key market trends.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Sports Drink Market Size, Share and Global Industry Trend Forecast till 2026
  • May, 2021
  • 2020
  • 2017-2019
  • 140

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Consumer Goods Clients

Facebook
Edenred
Radico
SPG
Oecc

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X