Teenagers is expected to account for the highest market share in US Energy Drinks Market followed by adults and kids
US Energy Drinks Market Segmentation: On the basis of type US energy drinks market is segmented as alcoholic and non-alcoholic energy drinks. Among both the segment currently alcoholic energy drinks account for the largest share as compared to non-alcoholic drinks in US. This is because in US the consumers are more prone towards alcoholic beverages. However, increasing consumer consciousness towards their health is expected to support the growth of non-alcoholic energy drinks in the country. Moreover, banning of alcoholic energy drinks across the country, by Food and Drug Administration (FDA) due to its adverse effect on health and increasing consumption by underage group is also expected to drive non-alcoholic energy drinks market in the country in forecast period.
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The US energy drinks market can also be segmented on the basis of end use. This includes kids, teenagers, adults, and geriatric population. Among all these segments teenagers is expected to account for the highest market share in US energy drinks market followed by adults and kids. The growth of energy drinks market by teenagers in US is supported by the reason that energy drinks are highly consumed by athletes which mostly lie under the segment of teenagers and adults or under the age group of 16 years to 34 years. Moreover, most of the energy drinks manufacturer’s offerings and promotion are teenagers and adults oriented which is also expected to support the demand of energy drinks through this group.
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The consumer oriented advertisement coupled with availability of increased varieties of energy drinks across the country is driving the growth of US energy drinks market. In addition the strategic adoption of companies for promoting their product through cross promotional tactics such as integrating their product through sports events or advertising their product in connection with popular music icon is also supporting the growth of US energy drinks market.
The young and aged group of people gets more attracted towards the product that bear the feature of providing fit and active lifestyle is expected to drive the US energy drinks market in the forecast period. Moreover, continuous launch of new product variant in the US such as low calorie or sugar free energy drink, or organic or natural energy drink is expected to attract more health conscious consumers and support the growth of energy drinks market in the forecast period.The key international players operating in US energy drinks market includes Red Bull GmbH,Gatorade Company Inc,Monster Beverage Corp., Rockstar Inc., PepsiCo Inc, The Coca-Cola Company,Arizona Beverage Company and others.
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