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Non-Alcoholic Energy Drinks Gaining Ground, Surging At 7% CAGR Through 2031

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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

Key Takeaways from the Market Study

“Athletes and sportspeople are the primary consumers of energy drinks. Energy drinks continue to be a popular source of fast sustenance and refreshment, particularly among customers who engage in intense activities”, says a Fact.MR Analyst.

Competitive Landscape

Key manufacturers priorities product innovation to gain a competitive advantage. Product launches may assist businesses in capitalizing on the enormous development potential in developing regions. Recent developments are as follows:

 

 

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