Energy Drinks Market Size, Demand, Key players Analysis & Forecast 2023-2028
Market Insights
As per recent research by MarkNtel Advisors, The Global Energy Drinks Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28.
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Key Driver: Awareness About Health and Hydration
People are now more attentive, aware, and active toward their health. Along with this awareness, the concern of proper and adequate liquid intake has also been infiltrated into daily life. As a result, consumers have found a rewarding solution through energy drinks to fulfill the goal of being hydrated and taking liquids throughout the day. Besides staying hydrated, the nutrients and vitamins present in such energy drinks upgrade their health. Spurred by these trends, manufacturers have noticed increased demand and production. As such, growing health awareness concerns and the appetite for staying hydrated drive the energy drinks industry. Furthermore, the added advantage of flavors and taste expands the youth’s palate of liquid intake, leading to further expansion of energy drink types. For instance:
- In February 2022, PepsiCo launched energy drinks with hemp seed infusions to promote relaxation.
Market Segmentation and Consumer Behavior:
By Nature of Product
- Organic
- Non-Organic
- Natural
By Product
- Alcoholic
- Non-Alcoholic
By Customer
- Teenagers
- Adults
- Geriatric
By Distribution Channel
- Off-Trade
- On-Trade
By Consumption
- Drinks
- Shots
- Mixers
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Energy Drinks Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East & Africa
Key Players and Competitive Strategies in the Energy Drinks Market
Several prominent players dominate the Energy Drinks Market, including:
- Red Bull
- Monster Beverage Corporation
- Rockstar Inc.
- The Coca-Cola Company
- PepsiCo
- Power Horse
- Taisho Pharmaceutical Co Ltd
- Heinz
- GSK
- Goldwin Healthcare
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Questions Addressed in this Study
1.What factors are driving the Energy Drinks Market growth?
2.How is the Energy Drinks Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Energy Drinks Market?
4.What is the current size of the Energy Drinks Market, and how is it projected to change in the future?
5.What is the future outlook for the Energy Drinks Market in terms of technological advancements and market expansion?
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