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Global Electrolyte Drinks Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Hypertonic, Hypotonic and Isotonic), Application (Sports and Medical Centres), Distribution Channel (Supermarkets/Hypermarkets, Pharmacies and Online stores) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 4262
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Electrolyte Drinks Market Size (2024 to 2029)

The global electrolyte drinks market is anticipated to be worth USD 1.78 billion by 2029 from USD 1.52 billion in 2024, growing at a CAGR of 3.2% from 2024 to 2029.

Electrolytic drinks are gaining ground around the world with the rise in physical activities of the Millennium and Generation Z demographics. The electrolyte is the scientific term for "salt". Electrolytic drinks consist of salt and sugar in ionizing substances such as water. Electrolyte drinks generally help maintain energy and recover from exercise. Electrolyte drinks are specially created beverages that are supposed to develop ions when mixed with body fluids. Electrolytic drinks have gone from being specialty products to one of the fastest-growing products worldwide. The main use of the drink is to compensate for the loss of electrolytes in athletes or people who exercise regularly. The amount of electrolytes varies from person to person due to various parameters such as age, sex, fitness, duration of exercise, and environmental factors. Electrolytic drinks are of three types: isotonic, low and high. Electrolyte drinks can be purchased via different sales channels like department stores, vending machines, convenience stores, and online platforms. These drinks are used in various stages of exercise, such as before, during, and after completion. Electrolyte drinks offer instant energy and physical stimulation. Elements like caffeine and taurine that offer irritation, and are vital for muscle development and cardiovascular health are the main components of these electrolyte drinks.

Global Electrolyte Drinks Market Drivers:

Electrolyte drinks are geared toward athletes and adults who exercise regularly, and because the product suggests a healthy lifestyle, the average buyer is a top payer. The growth of the electrolyte drinks market is primarily driven by increased health and fitness awareness, acceptance of healthy beverage alternatives, and willingness to pay for these products. Additionally, there is an increasing propensity for beverages and drinks that do not have unhealthy ingredients and may provide functional or health benefits. Manufacturers of electrolyte hydration drinks are aimed at athletes, hikers, and those who are actively involved in physical activities and electrolyte drinks help prevent dehydration and replenish multiple electrolytes such as sodium, potassium, calcium, magnesium, and phosphate, which are important for muscle and nerve stimulation. Excessive physical exercise causes fluid loss through excessive sweating, requires the same restorations, and mineral loss varies from person to person. Manufacturers are introducing various flavors and variations to improve palatability. Increased health awareness and changes in consumer lifestyles are key factors driving the global electrolyte drinks market. The growing demand for convenience drinks, increased sports activities, increased income and increased urbanization are propelling the growth of the electrolyte drinks market. The growth of the athlete community in developing countries and the increase in the number of athletes are promoting the usage of electrolyte drinks and contributing to global market growth.

In addition, market growth is supposed to accelerate as the consumer's propensity for physical fitness increases and the number of gyms and health clubs increases. Manufacturers are concentrating on extending their product portfolios by launching innovative flavors with additional health advantages. They are targeted at different ages due to the popularity of electrolyte drinks among teens and adults. This change is mainly due to the growing consumer interest in fitness and health. Furthermore, the consumption of carbonated beverages leads to a notable decrease in most of the most important markets in the world, so the demand for electrolytic beverages is mounting and is foreseen to attract attention in terms of sales over the prediction period. Since electrolyte drinks are no longer the choice of athletes, it is likely to attract new consumers in the global electrolyte beverage market in the coming years. North America is one of the leading markets for electrolyte drinks as health problems increase and fitness awareness increases. Increased use of electrolyte beverages during exercise sessions in gyms is presumed to provide growth opportunities for the market.

Global Electrolyte Drinks Market Restraints:

Excessive use of electrolyte drinks has been linked to health risks such as frequent urination, poor sleep, and abnormal heartbeat, which is a major limitation on the market. With fewer side effects for natural and organic products, the consumer trend toward natural and organic products is hampering the market growth. However, the production of electrolytic beverages from natural ingredients like natural sweeteners will accelerate market growth by offering manufacturers the opportunity to add value to their products.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.2%

Segments Covered

By Type, Application, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Pepsi, AJE, Coco-Cola, Body Armor Superdrink, Pacific Health Labs, Otsuka Pharmaceutical and Fraser & Neave Limited (F&N).

 

This research report on the global electrolyte drinks market has been segmented and sub-segmented based on type, application, distribution channel and region.

Global Electrolyte Drinks Market - By Type:

  • Hypertonic             
  • Hypotonic
  • Isotonic   

Global Electrolyte Drinks Market - By Application:

  • Sports      
  • Medical Centers   

Global Electrolyte Drinks Market - By Distribution Channel:

  • Supermarkets/Hypermarkets           
  • Pharmacies            
  • Online Stores

Global Electrolyte Drinks Market – By Region:

  • North America
    • The United States
    • Canada
    • Rest of North America
  • Europe
    • The United Kingdom
    • Spain
    • Germany
    • Italy
    • France
    • Rest of Europe
  • The Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • New Zealand
    • Southeast Asia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of LATAM
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Lebanon
    • Jordan
    • Cyprus

North America and Europe are the largest markets and represent more than 50% of the total share. The market dominion is due to the rising preference among consumers for healthy beverages compared to regular sweet drinks. Furthermore, as participation in trekking and other similar activities increases, the consumer base that participates in physical activity is increasing. This will lead to the growth of the global electrolytic drinks market. In addition, the European region is expected to post significant growth during the outlook period, due to the increased acceptance of various innovative products without preservatives and low or low sugar content. Moreover, the market will be further strengthened by government support regulations. For example, the UK government has introduced additional taxes on sugary drinks, causing manufacturers to move their portfolios, relocate and restructure their portfolios to accommodate the market with sugar-free or low-sugar drinks. The Asia Pacific region is foreseen to record the fastest growth rate during the projection period. This growth is recognized by increasing health and wellness awareness and a large customer base across the region. Countries like India and China are contributing significantly to the growth of the market as the number of professional people increases.

KEY MARKET PLAYERS:

Companies playing a key role in the global electrolyte drinks market include Pepsi, AJE, Coco-Cola, Body Armor Superdrink, Pacific Health Labs, Otsuka Pharmaceutical and Fraser & Neave Limited (F&N).

RECENT HAPPENINGS IN THE MARKET:

  • Gatorade launched Gatorade Zero as a new product on the market. This product reduces sugar content to completely shake consumers of Electrolyte Drinks.
  • PowerAde presents a new product that includes coconut water. According to a recent study, coconut water can be as useful to consumers as drinks with electrolytes. PowerAde then attempted to use this information to create a new product.
  • American sports-themed food and beverage maker Gatorade announced the launch of BOLT24. Bolt24 is free from artificial flavors and sweeteners, and to help athletes stay hydrated 24 hours a day, the company's new drink is a low-calorie electrolyte drink.
  • Coca-Cola, which owns Powerade, also invested in BodyArmor, aElectrolyte Drinks that started with the support of Kobe Bryant.

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FAQ's

What is the market's CAGR for electrolyte drinks?

The worldwide electrolyte drinks market grew at a rate of 3.2% over the last five years.

What is the market segmentation for electrolyte drinks?

The Electrolyte Drinks Market report is divided into three sections. The segments are divided into three categories: Product type, Application, and Distribution channel.

Which segment will dominate the market by the end of 2028, according to region?

By the end of 2028, Asia-Pacific will have dominated the Electrolyte Drinks market.

Which region has the largest share in Electrolyte Drinks Market?

North American Market had the largest share in Electrolyte Drinks Market in 2021.

What are the drivers of Electrolyte Drinks Market?

The market for electrolyte mixes is developing due to increased use of these products and increased demand for energising drinks around the world. A growing number of health-conscious customers, as well as a large number of people participating in various outdoor sports and athletics, has fuelled demand for electrolyte mixes around the world.

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