Title: Energy Drinks Industry Overview and Trends for 2024-2032
1- Global Energy Drinks Market Size
- The size of the global energy drinks market is
estimated to grow at a CAGR of 7.5 from 2024 to
2032 and be worth USD 139.41 billion by 2032 from
USD 78.17 billion in 2024. - Market Drivers
- The growing prominence of energy drinks among
fitness enthusiasts and athletes is a major
factor that is propelling the growth rate of the
market. These drinks give an instant energy
boost, which is necessary for athletes to enhance
their energy levels during performance or
exercises. In popular countries like the US, many
sports activities have been growing in prominence
in the past few years. For instance, according to
Sports Destination Management, nearly 80 of
Americans participated in any of the sports or
fitness activities of age above 6 years in 2023.
In addition, the rising number of athletes in
emerging countries like China is also
substantially promoting the growth rate of the
market. - The increasing popularity of drinks through
social media platforms and other communication
channels is exceptionally leveraging the growth
rate of the energy drinks market. The launch of
innovative drinks with organic raw materials that
are quite healthier than regular drinks is merely
influencing a huge number of consumers, which is
enhancing the growth rate of the market. - Market Restraints
- The presence of large amounts of caffeine in
these drinks that give instant energy is most
likely to be harmful and might directly show
adverse effects on the nervous system. Some
countries even posed a complete ban on a few
branded drinks, which is hindering the growth
rate of the energy drinks market. Generally,
fitness enthusiasts are more specific about
calorie intake, which is not more likely to be
adopted due to the presence of large amounts of
sugar. These drinks usually contain 21g to 34 g
per OZ, which poses a serious threat to people
who are suffering from diabetes and
obesity-related diseases. This factor is slowing
down the growth rate of the energy drinks market. - Segment Analysis
- By Type
- Alcoholic
- Non-alcoholic
- The non-alcoholic segment is leading with the
dominant share of the energy drinks market as
people are more likely to concentrate on
non-alcoholic beverages, especially during
tournaments and physical exercises. In recent
times, people have been highly motivated to stay
fit and healthy by drinking high- quality
products, which is escalating the growth rate of
the market. Also, the rising incidences of
diabetes across the world are subsequently
elevating the need for the launch of
non-alcoholic and low- calorie drinks, which is
solely to expand the growth rate of the market. - The alcoholic energy drinks segment is expected
to have significant growth opportunities in the
coming years. - By Packaging
- Cans
- Bottles
- The cans segment is gaining huge traction over
the market share, whereas the bottles segment
also holds a prominent share of the market.
Random adoption of high-quality packaging systems
is
2- attributed to escalating the growth rate of the
energy drinks market. Packaging plays an
important role in extending the shelf life of
products with the adoption of advanced
technologies in the packaging industry. The wide
spread of the perfect packaging using the
equipment is also greatly influencing the growth
rate of the market in the coming years. - By End User
- Kids
- Adults
- Teenagers
- The adult segment is showing up with a prominent
share in the energy drinks market. The rising
popularity of the availability of various branded
drinks according to their preferences is
substantially driving the markets growth. Also,
the increasing focus on launching different
flavored drinks according to the customers
preferences is gearing up for the markets growth
rate during the forecast period. The teenage
segment is anticipated to lead the market to a
significant growth rate in the future. Growing
awareness and adopting party culture at a young
age are expected to gear up new opportunities for
the energy drinks market. - Regional Analysis
- North America's energy drinks market holds the
highest share, whereas Asia Pacific accounted for
the highest CAGR. The presence of the top
companies in creating or launching highly
preferred drinks by customers using organic raw
materials that purely attract health-conscious
people is majorly driving the growth rate of the
market in North America. - The growing demand for a huge number of energy
drinks, along with the population in emerging
countries like India and China, is attributed to
the acceleration of the markets growth rate in
Asia Pacific. - The energy drinks market in Europe is anticipated
to have the fastest growth opportunities during
the forecast period. Hosting a number of sports
events with international athletes is certainly a
significant factor in boosting the growth rate of
the market. - Middle East Africa, and Latin America are deemed
to grow at a steady growth rate during the
forecast period. - Key Players
- Companies playing a major role in the global
energy drinks market include Red Bull, Taisho
Pharmaceutical Co. Ltd., and PepsiCo. Inc.,
Monster Energy, Lucozade, The Coco-Cola Company,
Amway, AriZona Beverages USA, Living Essentials
LLC, and Xyience Energy. - Recent Market Developments
- In 2024, Freego, a European energy drink brand,
made its debut in India by launching its energy
drinks with the idea of expanding its product
portfolio. The company already has a strong base
in European countries with its best energy drinks
and is now expanding its products in India. - RELATED REPORTS
- Sports Drink Market Electrolyte Drinks Market
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