PUBLISHER: DataM Intelligence | PRODUCT CODE: 1304454
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1304454
The Global Electrolyte Drinks Market US$ 33.7 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 50.0 billion by 2030. The market is growing at a CAGR of 5.7% during the forecast period 2023-2030.
Hydration beverages, including electrolyte drinks, are gaining traction as consumers recognize the importance of maintaining optimal hydration levels for overall health and well-being. Rehydration solutions, designed to restore fluid and electrolyte balance in situations such as illness or dehydration, are being developed with improved formulations and effectiveness. Electrolyte drinks are formulated with specific combinations of electrolytes such as sodium, potassium, and magnesium, tailored to meet the needs of different individuals and specific activities.
The overall demand for electrolyte drinks is increasing due to factors such as rising health and wellness awareness, growing participation in sports and fitness activities, and the need for hydration and replenishment of electrolytes during exercise. Electrolyte drinks are increasingly being marketed for their ability to maintain fluid balance in the body. They are promoted as beverages that not only replenish electrolytes but also aid in fluid retention and hydration, supporting overall body functions.
There has been a notable rise in the participation of individuals in sports, fitness, and exercise activities. People are becoming more aware of the importance of regular physical activity for overall health and well-being. According to WHO, Compared to 12% of men and 24% of women in low-income nations, 26% of men and 35% of women in high-income countries were not physically active enough.
Physical activity, especially intense workouts or prolonged exercise, leads to sweating and fluid loss. Electrolytes, such as sodium, potassium, and magnesium, are essential for maintaining proper hydration and electrolyte balance in the body. Electrolyte drinks provide a convenient and efficient way to replenish these electrolytes and ensure optimal hydration, thereby enhancing exercise performance and recovery. Hence, The increased interest in sports and fitness drives the demand for electrolyte drinks, which are specifically formulated to support hydration and replenish electrolytes lost during exercise.
According to the United States Geological Survey, water makes up 73% of the human brain 83% of the lungs, 73% of the heart, 79% of muscles, 31% of bones, and 79% of kidneys. Hence, there here is a growing awareness of the importance of proper hydration for overall health and well-being. Consumers are increasingly recognizing the role of hydration in maintaining bodily functions, supporting metabolism, promoting cognitive function, and enhancing physical performance.
Regular physical activity, sports, and fitness routines lead to fluid loss through sweating. Proper hydration during exercise is crucial for performance, endurance, and recovery. Electrolyte drinks are specifically formulated to replenish fluids and essential electrolytes lost during physical activity. Hence, the increased emphasis on hydration drives the demand for beverages that can effectively hydrate the body, such as electrolyte drinks.
Electrolyte drinks are formulated to contain a balanced combination of fluids, electrolytes (such as sodium, potassium, and magnesium), and sometimes additional ingredients like carbohydrates, vitamins, or antioxidants. Formulating and sourcing these specific ingredients can contribute to the higher production costs of electrolyte drinks, resulting in a higher retail price.
Price-sensitive consumers may opt for cheaper alternatives such as plain water or other lower-priced beverages like sports drinks instead of electrolyte drinks. In case consumers perceive that they can achieve similar hydration benefits through more affordable options, they may choose to forgo electrolyte drinks, impacting the market growth.
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
The global electrolyte drinks market is segmented based on product, packaging, distribution channel, and region.
In 2022, based on product, the isotonic electrolyte drinks segment held the highest share in the electrolyte drinks market. Isotonic drinks are formulated to have a similar concentration of electrolytes and other solutes as the body's fluids. Isotonic drinks have a similar water, salt, and carbohydrate concentration (6-8%) to blood. This similarity allows for rapid absorption and hydration, making isotonic drinks highly effective for rehydration purposes.
Isotonic drinks contain a balanced combination of electrolytes such as sodium, potassium, magnesium, and calcium. This electrolyte composition helps restore the body's electrolyte balance, which is essential for proper muscle function, nerve transmission, and overall hydration. Isotonic drinks often contain carbohydrates in the form of sugars or glucose. These carbohydrates provide a quick source of energy, making isotonic drinks suitable for athletes and individuals participating in endurance activities.
There has been a notable increase in health and fitness awareness in the Asia-Pacific region, driven by factors such as changing lifestyles, a growing middle-class population, and the influence of Western trends. As people become more conscious of their well-being, the demand for electrolyte drinks as a hydration and performance-enhancing beverage has risen.
The Asia-Pacific region has witnessed a surge in sports participation, fitness activities, and interest in competitive sports. For instance, the Ministry of Youth Affairs and Sports India receives a Budget allocation of Rs. 3397.32 crore for FY 2023-24, with an increase of 11% over FY 2022-23. This has led to s a higher demand for electrolyte drinks among athletes, fitness enthusiasts, and individuals engaged in sports and physical activities.
The major global players in the market include: PepsiCo, Coca-Cola Company, The Kraft Heinz Company, PURE Sports Nutrition, The Vita Coco Company, Kent Corporation, Accolade Wines, Abbott Laboratories, NOOMA, and Drinkwel, LLC.
The Global Electrolyte Drinks Market Report Would Provide Approximately 61 Tables, 59 Figures and 102 pages.
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