Energy Drinks Market Segmentation: Size, Share, Revenue Opportunity, Competitive Analysis and Forecast 2023-2028

A beverage with a high concentration of stimulants, such as caffeine, taurine, ginseng, guarana, and other substances, is referred to as an energy drink.

The energy drinks market was valued at USD 60.7 Bn in 2021. The market is anticipated to grow USD to 91.6 Bn in 2028, recording a CAGR of 7.3% in the projection period. One of the key factors in the growth of the energy drink market is the recognition of the product's ability to deliver immediate energy as well as mental and physical stimulation. The development of skeletal muscle and cardiovascular health both depend on taurine, another crucial element. These variables have a significant impact on the prediction for the global energy drink industry. In the near future, the market expansion is anticipated to be fueled by factors such as changing consumer lifestyles, rising health consciousness, and increased awareness of health and wellness products.

Additionally, a rise in popularity among young people is contributing to the expansion of the global market. On the other hand, it is anticipated that during the anticipated time frame, a movement in consumer preferences toward beverage consumption and a healthy lifestyle would create lucrative opportunities for market expansion.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Food-Beverage/energy-drinks/25653

𝐓𝐡𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐃𝐫𝐢𝐧𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐡𝐢𝐠𝐡𝐥𝐲 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐛𝐲 𝐚 𝐟𝐞𝐰 𝐥𝐚𝐫𝐠𝐞 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:
-Red Bull
-Monster Energy
-Coca Cola
-PepsiCo
-AriZona Beverages
-National Beverage Corp.
-Keurig Dr Pepper, Inc.
-5-hour ENERGY
-The Cloud 9 Energy Drink
-Vitale Beverages
-Xtreme Energy Group Limited
-Others

On the basis of the distribution channels, the global energy drinks market is bifurcated into supermarket/hypermarket, convenience stores, specialty stores & online. Due to the rise in retail stores in both urban and rural areas, the convenience stores category dominated the market share in 2020.

Rising health consciousness, a busy lifestyle, and a rising consumer understanding of the product's health advantages are all driving factors in the market for energy drinks. Other factors that attribute to the growth of the market are the numerous benefits for the body's immunological system, digestive system, brain, and joints, among others. The rapid acceptance of healthy food and beverage products is being fueled by increased consumer health consciousness and worldwide obesity concerns, which is helping the energy drink industry grow.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Food-Beverage/energy-drinks/25653

The demand for energy drinks among millennials is surging due to growing consumer knowledge of their health benefits, which is driving the expansion of the worldwide energy drink market. The vast coffee culture and the high consumption of energy drinks in the United States have made the idea of energy shots popular, which is a key factor in the country's increased energy drink sales.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

● Red Bull declared that a new Dragon Fruit flavor would debut in March 2021. The can has 27 grams of sugar and 80 milligrams of caffeine, which is almost as much as a cup of freshly brewed coffee.

● Monster Energy debuted Ultra Gold, the newest member of the Monster Energy Ultra family, in January 2021, modeled after the classic Greek libation nectar of ambrosia. Ultra Gold energy drinks are claimed to be sugar-free.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

>North America- U.S., Mexico, Canada
>Europe- UK, France, Germany, Italy, Spain, Rest of Europe
>Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
>South America- Brazil, Argentina, Colombia, Rest of South America
>The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa

North America is dominating the global energy drinks market due to increasing consumer product uptake, rising carbonated beverage consumption, and rising environmental consciousness. The presence of significant players and rising consumer awareness in the area are enhancing sales in the global energy drink market. For instance, Coca-Cola intends to introduce an energy drink with cherry flavor in the United States in January 2019.

However, due to the growing population and urbanization activities, Asia Pacific is anticipated to experience the greatest growth rate over the forecast period of the beverage cans market. The global market for energy drinks is expanding due to an increase in athletes and the popularity of various forms of exercise. India experienced the most growth in 2018, according to the Special Olympics, adding about 80,000 new young athletes. The demand for naturally flavored sports drinks is being driven, however, by growing middle-class consumers with evolving lifestyles, notably in developing nations like China and India.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Food-Beverage/energy-drinks/25653

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓

Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Energy Drinks Market
Chapter 5. Global Energy Drinks Market Overview, By Packaging Type, 2015 - 2028(USD Million)
Chapter 6. Global Energy Drinks Market Overview, By Product, 2015 - 2028(USD Mil-lion)
Chapter 7. Global Energy Drinks Market Overview, By Distribution Channel, 2015 - 2028(USD Million)
Chapter 8. Global Energy Drinks Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 9. North America Energy Drinks Market Overview, By Countries, 2015 - 2028(USD Million)
Chapter 10. Europe Energy Drinks Market Overview, By Countries, 2015 - 2028(USD Million)
....Continued

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Extrapolate bridges the gaps in information with the latest reports published across industries and geographies, covering minute details to put the power of decision-making in your hands. Our focus is to help our partners grow with the power of Insight.

In a connected world, merely being informed is not enough, the speed of information dissemination is a crucial determinant of success. Our team of dedicated subject matter experts and research specialists deep dive into the most complex markets and produce insights that will help shape the way your business moves forward. Our research process harnesses the latest in technology and the best SMEs to build relevant reports that can future-proof your business.

This release was published on openPR.