Energy Drinks Market Gain Impetus Due To The Growing Demand over 2022 - 2031 : FactMR

According to Fact.MR, global demand for energy drinks is expected to exceed US$ 35 Bn by 2021. In the long-run, the industry is expected to clock a CAGR of over 8% to reach US$ 76 Bn in 2031. An increase in health consciousness, changes in consumer lifestyle, and greater awareness of health and wellness products is primarily expected to drive future demand.

From 2016 to 2020, the energy drinks market experienced a steady growth curve, recording a CAGR of nearly 4% to be valued at over US$ 33 Bn. Prospects temporarily nosedived in H1 2020, as the COVID-19 pandemic disrupted supply chains and logistics, generating shortages. Eventually, this was offset as vaccination drives began, permitting easing of restrictions.

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Key Segments Covered
• Product Type
o Alcoholic Energy Drinks
o Non-Alcoholic Energy Drinks

• Nature
o Organic Energy Drinks
o Non-Organic Energy Drinks

• Distribution Channel
o Energy Drinks Sales via Modern Trade
o Energy Drinks Sales via Drug Stores
o Energy Drinks Sales via Convenience Store
o Energy Drinks Sales via E-Commerce
o Energy Drinks Sales via Other Retail Format

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Key Takeaways from the Market Study
Non-alcoholic energy drinks gaining ground, surging at 7% CAGR through 2031
Preference for alcoholic beverages to remain, surpassing US$ 8 Bn by 2022
By distribution channel, online platforms to gain momentum at 8% CAGR
Non-organic variants top selling, valued at US$ 7 Bn currently
U.S to experience a CAGR of 7.6% growth in the energy drinks domain
China to account for 55% of energy beverage consumption globally
India to register a robust 9% value CAGR across the forecast period

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More Insights Available
Fact.MR, in its new report, offers an unbiased analysis of the global energy drinks market, analyzing historical demand from 2016-2020 and forecast statistics for 2021–2031.

The study reveals growth projections on the energy drinks market on the basis of product type (alcoholic energy drinks and non-alcoholic energy drinks), nature (organic and non-organic) and distribution channel (modern trade, drug stores, convenience store, e-commerce and other retail format) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA).

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This release was published on openPR.