Egypt Energy Drinks Market to Reach a Value of USD 244.54 billion

Egypt Energy Drinks Market Analysis and Size

Food and beverage companies have made every effort to capitalise on the opportunity as the world becomes fitter and healthier. This factor has greatly benefited the energy drink markets, which have adapted their products to meet their customers' needs. This market is driven by the desire for a quick energy boost during athletic or aerobic activities. Athletes are drawn to the sugar rush that the drinks provide, and market participants have seen tremendous growth in this area.

Data Bridge Market Research analyses that the energy drinks was valued at 93.3 billion in 2021 and is expected to reach the value of USD 244.54 billion by 2029, at a CAGR of 12.80% during the forecast period. The growing vegan population around the world will be a factor in the plant-based sports and energy drinks market during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Market Definition

Energy drinks, also known as electrolyte drinks, are functional beverages designed to help athletes replace water, electrolytes, and energy before, during, and after training or competition. Energy drinks provide the population with benefits such as refreshment, instant energy, increased attention and reaction time. Energy drinks contain various ingredients such as taurine, caffeine, herbs, vitamins, and others.

COVID-19 Impact on Energy Drinks Market

The ramifications of COVID-19 continue to reverberate throughout Egypt's sports ecosystem. This is because severe restrictions on any type of sports/outdoor activity were imposed for the majority of the year 2020. Furthermore, due to the uncertainty of the situation, several leagues, tournaments, and even Olympic Games were postponed, which limited sports and gaming activities and undoubtedly had a negative impact on sports drink sales revenues. However, as the situation improves and professional and general public sports activities continue, the sports drinks market is expected to form a recovery curve during the forecast period.

Egypt Energy Drinks Market Scope

The energy drinks market is segmented on the basis of product type, type, application, ingredients and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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