Coca-Cola's relaunch of Powerade has led to an increase in the sports drink's market share.  Despite its lackluster performance in recent years, Powerade is now powering forward in the battle for share of the US sports drinks category. Its recent relaunch has helped the brand gain ground in a market dominated by Gatorade, now owned by Coca-Cola's chief rival PepsiCo. Powerade is a long, long way from catching up with Gatorade, however.