Press release
Energy Drinks Market Growing at 8.2% CAGR to Hit USD 108.4 Billion by 2031
Energy Drinks Market
Drivers, restraints, and opportunities
Rise in health consciousness, change in consumer lifestyle, and surge in demand for health wellness products have boosted the growth of the global energy drinks market. However, caffeine overdose may cause nausea, hypertension, and restlessness. This factor hinders the market growth. On the contrary, consumer preference toward consumption of beverages would open new opportunities in the future.
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Major market players
Red Bull
Monster Beverage Corporation
Rockstar Inc.
The Coca-Cola Company
PepsiCo
Arizona Beverage Company
National Beverage Corp.
Dr. Pepper Snapple Group
Living Essentials
Cloud 9
Covid-19 scenario:
The Covid-19 pandemic disrupted the supply chain. Dearth of labor and prolonged lockdown created challenges in manufacturing facilities and procurement of raw materials.
Moreover, as several sport activities postposed due to pandemic, the demand for energy drinks declined.
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The nonalcoholic segment to manifest the highest CAGR through 2031
By type, the nonalcoholic segment is estimated to register the highest CAGR of 8.3% during the forecast period. In addition, the segment dominated the market in terms of revenue, contributing to more than half of the global energy drinks market in 2020, due to presence of caffeine in nonalcoholic energy drinks that increase alertness and elevate mood. The report includes an analysis of the alcoholic segment.
The adults segment held the largest share
By end user, the adults segment held the largest share in 2020, contributing to nearly half of the global energy drinks market. In addition, the segment is estimated to register the highest CAGR of 8.5% during the forecast period, owing to increase in consumption of energy drinks by working adults to maintain a healthy lifestyle. The report includes an analysis of the kids and teenagers segments.
North America held the lion's share
By region, the market across North America held the largest share in 2020, accounting for around one-third of the market, due to rise in health concerns and surge in awareness toward the benefits of consuming energy drinks. However, the global energy drinks market across Asia-Pacific is projected to portray the highest CAGR of 8.8% during the forecast period, due to easy availability of energy drinks in several platforms from modern trade to online sales channel.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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