The health and fitness industry is on a path of progress for a few years now, and much of that is attributable to the growing awareness among consumers. Similar progress reflects on the sports and energy drinks market, customer-base of which has expanded and is not limited to just youth. The offerings of the cross-functional products, addition of natural ingredients, and reduction of caffeine from sports and energy drinks by the market players such as Red Bull and Monster are some of the factors that are enhancing the industry. APAC sports and energy drinks market is highly benefitted by the diversity of products that is helping players in expanding the customer base. Another factor driving the APAC sports drink market is the burgeoning tournaments in various sports and the marketing tactics used by the vendors in order to gain traction from a wider range of customers. Furthermore, the health consciousness is making people refrain from soft drinks and resort to energy drinks that are healthier. The post-recession economic boom and the eventual GDP growth are increasing the household disposable income of the working population in the APAC countries, which is also creating significant prospects in theAPAC Sports and Energy Drinks Marketthat was evaluated at $4.3 billion as of 2018. Additionally, the market size is going to expand at a healthy CAGR of 6.1% during the forecast period 2019-2015.

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APAC Sports and Energy Drinks Market Forces and Growth Prospects for the Players:

The increasing sports and energy drinks market size resonates with the import value in the parent industry. The following table demonstrates the import value of beverages, spirits, and vinegar in countries of APAC, which will provide an overview of the scope in the APAC sports and energy drinks market.

Table 1 Import of Beverages, Spirits, and Vinegar in Countries of APAC

Sr. No.

Country

Import Value 2018

(In USD)

Growth Rate in % (2017-18)

1

China

$6.43 billion

22

2

India

$738.36 million

5

3

Indonesia

$208.62 million

75

4

Malaysia

$722.60 million

16

5

Philippines

$612.82 million

9

6

Japan

$3.48 billion

2

7

Sri Lanka

$52.65 million

12

8

Singapore

$2.91 million

12

9

Maldives

$30.51 million

19

Import value data source International Trade Centre (ITC)

Despite health scrutiny by various organizations such as Food and Drugs Administration (FDA) that has been posing as a threat to the sports and energy drinks market players, the import value in the parent industry has been witnessing an upsurge in the APAC counties. A significant part of this import value is attributable to the import of sports and energy drinks, market of which has sustained growth for a gamut of reasons listed below

  • The Growing Awareness About Health and Fitness Bolstering the APAC Sports Drinks Market

In the age of Internet, there is a lot of information pertaining to health and fitness that are accessible to the global populace, and therefore, people are now aware of the necessity of fitness activities. Resultantly, there has been a discernible growth in the number people that are enrolling in health and fitness clubs. According to the findings by the International Health, Racquet and Sportsclub Association (IHRSA), 14 markets in the Asia Pacific health club industry attract 22 million members at more than 25,000 club.This evinces the growth of the health and fitness industry in APAC, which is expanding the customer base of APAC energy drinks market, because the fitness club members more often than not prefer energy drinks in order to gain instant energy. The growing awareness about health and fitness coupled with the increase in number of people joining health and fitness clubs is creating growth prospects in the APAC energy drinks market.

  • The Rise In Disposable Personal Income of the Population Increasing the APAC Sports and Energy Drinks Market Prospects

After the recession era which was during the first decade of 2000s, the countries in APAC have witnessed economic growth. This evidently resonates with the increasing GDPs of the countries. For instance, China and India’s GDPs grew by 6.600% and 6.982% respective in 2018 as compared to 2017, according to the World Bank.This economic growth is rising the household disposable income of the working population, which has made people attain higher purchasing power. Therefore, people are able to splurge on sports and energy drinks. Furthermore, the rise in disposable personal income is also playing a contributing factor in increasing the number of people that are enrolling in gymnasiums and health club, and it is directly impacting the APAC energy drinks market. The economic boom has also created a favorable pricing environment, which is supporting the APAC sports drinks market players.

  • Expansion in the Retail Distribution Channels Increasing the APAC Sports Drinks Market Size

Previously, sports and energy drinks were available in a limited number of retail shops or supermarkets. The sports drinks market players are inclining their selling strategy with the current trends and have expanded that distribution centers to health clubs, gymnasium, hypermarkets, and other places wherein there is a possibility of prospective customers. Furthermore, there is a burgeoning popularity of mixing spirits and liquors with sports and energy drinks, and that’s the reason these drinks are gaining prominence in bars and restaurants. The expanded distribution channels have created significant opportunities for vendors to increase their APAC sports drinks market revenues. However, the retail stores still remain the key segment of the APAC sports and energy drinks market in terms of distribution channels, and it will witness growth at a CAGR of 6.75% through to 2025.

  • Sports Events and Tournaments and Marketing Strategy by the APAC Sports and Energy Drinks Market Players

The rise in mass participation sports events is quite evident in the increasing number of marathons in the countries of APAC, especially India. Furthermore, the sports tournaments have also increased, which is offering opportunities for the sports and energy drinks market players to advertise their products. The market players opt for sponsorships of these tournaments and events in order to gain traction from the target customers. For instance, Red Bull focuses on sponsorship of sports events. It has a marketing campaign and is the sponsor of sports events in windsurfing, snowboarding, freestyle motocross, Formula 1 racing, and others. Furthermore, the brand also sponsors music and cultural events, which also helps in enhancing the brand value. These sponsorships help the organization in brand positioning and subsequently, help in increasing their sports and energy drinks market revenues.

  • Busy Life Schedule Leading to the APAC Sports Drinks Market Growth

Changing lifestyle of the current generation has expanded the customer-base of the APAC sports and energy drinks market players. Previously, the customer-base was limited to youth. Nowadays, people have busy life schedules and thus, they prefer to grab an instant energy booster during work. This is leading to an expansion of the APAC sports drinks market size.

  • Latest Offerings by Players Expanding the APAC Sports and Energy Drinks Market Size

The sports drinks market players have been reinventing their strategies in order to cater to a large customer-base. Recent years have seen market players coming up with different flavors of energy drinks in order to attract customers with different preferences. For instance, Monster Energy offers a gamut of favors such as original, Lo-carb (blue), Assualt (Red), Khaos (Orange), Mixxxed (Purple), and others that are enticing a wider range of customers. Furthermore, the fact that people have become conscious about the amount of sugar and caffeine in soft drinks is working in the favor of sports drinks market. This is because sports drinks have less sugar and caffeine, and therefore, customers are refraining from soft drinks and resorting to sports drinks, which is again increasing the APAC sports drinks market revenues.

APAC Sports and Energy Drinks Market: Competitive Landscape

The major APAC sports and energy drinks market players striving to expand their customer-base are PepsiCo, Inc., The Coca-Cola Company, Red Bull GmbH, Monster Beverage Corporation, Suntory Beverage and Food Limited, Goldwin Healthcare Private Limited, Asahi Soft Drinks Co., Ltd., FandN Foods Pte. Ltd., Osotspa Co., Ltd., and Abbott Nutrition Co.

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Related Report:

  1. a)Electrolyte Drinks Market

https://www.industryarc.com/Report/17822/electrolyte-drinks-market.html

Regional Reports on Sports and Energy Drinks Market:

  1. a)North America Sports and Energy Drinks Market

https://www.industryarc.com/Report/9576/north-america-sports-energy-drinks-market.html

  1. b)Sri Lanka and Maldives Energy and Sports Drinks Market

https://www.industryarc.com/Report/18640/sri-lanka-and-maldives-energy-and-sports-drinks-market.html

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