Sports Drink Market Size, Share, Opportunities, And Trends By Type (Hypotonic, Isotonic, Hypertonic), By Age Group (Below 20 Years, 20-40 Years, Above 40 Years), By Packaging (Pet Bottles, Cans), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2024 To 2029

The sports drink market is projected to grow at a CAGR of 8.50% over the forecast period, increasing from US$29.411 billion in 2022 to reach US$52.069 billion by 2029.

Sports drinks are artificially produced beverages created specifically to avoid dehydration in athletes before, during and after workouts. During physical activities, hydration is an important principle because even slight dehydration can sharply decrease the performance level. These beverages include electrolytes like sodium and potassium which are used to regain what is lost to sweating. The replacement of electrolytes is the best solution during exercise for athletes as it helps to beat fatigue. There are three categories of sports drinks, each containing varying levels of fluids, electrolytes, and carbohydrates and they are Hypotonic, Isotonic, and Hypertonic.

Physical activity stimulates our body to expel fluids and electrolytes, hence, we need to supplement those with sports drinks. It promotes hydration and likely facilitates in gain of additional strength and endurance. Specific sports drinks contain an extra dose of vitamins and minerals that serve the purpose of enhancing a person's health. Therefore, at both a marathon and the gym, the drinks will help to restore hydration levels and optimize performance.

Sports Drink Market Drivers: 

• Increasing number of sports events.

The statistics of sports events have been increasing worldwide ever since the sports industry has been supplied by immense investments through the years. More number of sports events are being telecasted now, and the future forecast expects this number to grow. So the competitive marketplaces are forced to inject investments in the sports segment by the beginning of the forecast period. Ultimately, the rise in the number of sports events is followed by a rise in the sports drinks investments from the biggest market payers in the form of promoting and launching new products these factors will influence and create an opportunity for the sports drinks market in the future.

For instance, according to Sasakawa Sports Foundation published a survey article in July 2023, it states that the distribution of people who participated in sports and physical activities gave a person the highest level of difficulty (Level 2 or above) in every age group. To Level 2 or higher predominance, this age group is the biggest among all others which is 62.2%. while the lowest for this group is 10.5% for those aged between 30 and 39. Similarly, the age group 18-19 was able to register the elevated rate of 61.3 faster. In a gender-wise study, the male students were 49.2% while the female students were 49.1% involved in sports and physical activities at least twice a week in the past year (Level 2 or greater).

• Rise in retail businesses.

A retail boom is strong enough to benefit the sports drinks market. If the retail sector is doing well, the number of stores selling sports drinks would go up, while the chances of shelf space allocated to these drinks being more would be higher. With the greater variety, sports drinks will be more easily available to consumers. As a consequence, impulse purchases and the discovery of new brands will occur repeatedly. Apart from this, retail space for a thriving retail environment might be intended for stores that are focused on fitness-conscious people. These stores normally have a better inventory of sports drinks, including enhanced varieties that are designed to deliver specific benefits. This will specifically and health-care-oriented market segment be targeted. Eventually, growing in trade channels and improving the visibility of sports drinks make them go bigger and shape buyer needs.

• The surge in health and fitness awareness drives the sports drink market growth.

Global trends of health and wellness are among the key drivers of the success of sports drinks. With more people involved in sporting activities, the demand for hydration and electrolyte replenishment increases to high levels. This has ensured an emerging lucrative market for sports drinks which are increasingly being seen as a convenient and effective way to stay hydrated and aid in recovery. However, it is not only about working hard but also the fact that the growing attention on health also holds quite an important element. Consumers have become more interested in drinks that are beneficial to health and recovery during physical exercise, which can explain the popularity of sports drinks for those who want to have a small edge in terms of health.

Sports Drink Market Geographical Outlook:

• The North American sports drink market is projected to increase gradually.

The global sports drink market is segmented by geography into North America, South America, Europe, the Middle East & Africa, and the Asia Pacific (APAC). North America is projected to take up a wide share of the market owing to the strong presence of the main players and the continuously growing number of products launched by Canada and the United States. In addition, the health-oriented population and modern lifestyles bring the demand for the product, with the diversity of flavours likely to provide momentum for market growth in the area.

Additionally, the Asia Pacific region includes the highest number of younger population groups with the greatest potential for economic growth. The lucrative and burgeoning sports business in countries such as China and Japan accounts for the rising quest for sports drinks. Furthermore, the region is about to host several events to broadly raise the level of sporting activity, which will result in an increase in sports beverages demand. Moreover, the field offers many avenues for broadening the market because the sports drinks manufacturers are becoming more aware of the health issues with respective products, so they are relatively introducing organic alternatives. Consequently, these collective factors push more Chinese and Indian people to imitate the Western way of life.

Market Challenges

• Variations in consumer preference curb the sports drinks market growth.

The boom in health trends and beverages, which are organic and natural, is putting a big strain on conventional sports drinks thought to be high in sugar and synthetic additives. Nowadays, many consumers, daily demand healthier products like coconut water, and enhanced water.

• Unfavourable view towards sugar content hinders the sports drinks market growth.

The favourable customers might eliminate sports drinks from their diet as a result of worries that continual consumption of excessive amounts of sugar negatively affects one's health status.

Key Developments

• In February 2024: the product launched by PepsiCo called Gatorade Water this flavourless water fills the gap of a needy market, is the startup's product. The Gatorade brand introduced the logo "bolt" to its best-tasting and sugar-free drinks which are aimed at health and fitness enthusiasts, as well as professional athletes who would like to hydrate without an excessive sugar intake.
• In May 2023: Perfect Game a famous baseball game event provider in the USA region partnered with Launch Hydrate to introduce a sports drink. The sports drink consists of organic contents and an advanced amino acid mixture that provides the whole necessary components required for athletes.

Sports Drink Market Scope:

Segmentation:

• By Type
  • Hypotonic
  • Isotonic
  • Hypertonic
• By Age group
  • Below 20 years
  • 20-40 years
  • Above 40 years
• By Packaging
  • Pet Bottles
  • Cans
• By Distribution Channel
  • Online
  • Offline
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Indonesia
    • Others