What is the global market size of Sports Drink Market?

Sports Drink Market size was valued at USD 25.75 billion in 2021 and is poised to grow from USD 26.82 billion in 2022 to USD 36.89 billion by 2030, growing at a CAGR of 4.08% in the forecast period (2023-2030).

Global Sports Drink Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By Type(Isotonic, Hypotonic), By Packaging Type(Bottles (Pet/Glass), Cans) - Industry Forecast 2024-2031

Report ID: SQMIG30C2140 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 89 | Figures: 76

Global Sports Drink Market Competitive Landscape

Top Players in the Global Sports Drink Market

PepsiCo Inc
The Coca-Cola Company
Gatorade (a brand of PepsiCo Inc.)
Red Bull GmbH
Monster Beverage Corporation
Nestlé S.A.
Abbott Laboratories
Powerade (a brand of The Coca-Cola Company)
Lucozade Ribena Suntory Ltd
BA Sports Nutrition, LLC
BodyArmor
Xyience
FRS Healthy Energy
ABBOTT NUTRITION
Britvic plc
Aspire Food Group
The BUD Co. Ltd.
Rockstar, Inc.
The GURU Organic Energy Corp
The Swire Group

Sports Drink Market Recent Development

In August 2022, Limca, the oldest brand in Coca-Cola’s India portfolio, launched its first-ever variant with Limca Sportz. It marks the India-born brand’s foray into the hydrating sports drinks category.
In February 2022, Gatorade announced the introduction of a new sports drink called Gatorade Fit. This new drink is for “nutritionally discerning athletes” who are in need of electrolytes and comes in flavors: Tropical Mango, Watermelon Strawberry, Citrus Berry, Cherry Lime, and Tangerine Orange.

Global Sports Drink Market Report Snapshots

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Sports Drink Market size was valued at USD 25.75 billion in 2019 and is poised to grow from USD 26.82 billion in 2023 to USD 36.89 billion by 2031, growing at a CAGR of 4.08% in the forecast period (2024-2031).

PepsiCo Inc. and the Coca-Cola Company are only two of the major players that possess a considerable market share in the sports drink industry. Expansions, innovations, and the introduction of new products are the main strategies used by sports drink market participants to stay competitive. To differentiate their products from those already on the market, businesses have begun releasing new, creative items that incorporate natural components and additives. 'PepsiCo Inc', 'The Coca-Cola Company', 'Gatorade (a brand of PepsiCo Inc.)', 'Red Bull GmbH', 'Monster Beverage Corporation', 'Nestlé S.A.', 'Abbott Laboratories', 'Powerade (a brand of The Coca-Cola Company)', 'Lucozade Ribena Suntory Ltd', 'BA Sports Nutrition, LLC', 'BodyArmor', 'Xyience', 'FRS Healthy Energy', 'ABBOTT NUTRITION', 'Britvic plc', 'Aspire Food Group', 'The BUD Co. Ltd.', 'Rockstar, Inc.', 'The GURU Organic Energy Corp', 'The Swire Group'

One of the main factors boosting the demand for sports drinks is the rising propensity of the millennial generation for physical and fitness-related activities, rising purchasing power, and willingness to spend more for healthier alternatives. Additionally, this healthful beverage has a number of advantages, including lowering the risk of dehydration, replacing lost electrolytes through perspiration, and preserving the body's electrolyte balance. Therefore, raising consumer awareness of the product's health advantages is anticipated to spur the sports drink market to increase.

Natural ingredients are increasingly being used by manufacturers since they are healthier than traditional sports drinks, which presents a sports drink market expansion opportunity. For instance, a Chicago-based start-up called Good Sports introduced its natural sports drink comprised ofcomprising 97 % dairy in February 2021. Three times of electrolytesmore electrolytes compared to conventional ones, these have 33 % less sugar and more electrolytes. Additionally, the growing numbers of people in developing and underdeveloped nations who are concerned about their health will increase sports drink market trends.

In terms of regional sales, North America comes in first, followed by Europe. However, the expanding fitness craze is also spreading to other areas and boosting sports drink market sales. The sports drink market in the Asia-Pacific region is predicted to rise rapidly as a result of rising rates of urbanization and an increase in the number of fitness facilities in nations like China and India. Due to the lack of calories or low-calorie content of the sweeteners used in the customization of the sports drink by the makers in the region, the sports drink market in the Asia-Pacific is also anticipated to develop at a rapid rate.

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Global Sports Drink Market Size, Share, Growth Analysis, By Distribution Channel(Online, Offline), By Type(Isotonic, Hypotonic), By Packaging Type(Bottles (Pet/Glass), Cans) - Industry Forecast 2024-2031

Global Sports Drink Market Competitive Landscape

Global Sports Drink Market Report Snapshots

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