Asia Pacific Energy Drinks Market Analysis 2022 - 2027:
Asia Pacific Energy Drinks Market was worth USD 9.14 billion in 2021 and estimated to be growing at a CAGR of 5.1%, to reach USD 11.72 billion by 2026. Energy Drinks are a type of beverage that contains physical and mental stimulating drugs.
Asia Pacific Energy Drinks Market Growth Factors:
Primary factors accounted for driving the market are increasing demand for convenience beverage, preference for alternatives to traditional supplements, and modernizing lifestyle demanding intake of caffeinated drinks. However, factors like increasing consumer preference for clean labels and health hazards upon long term consumption of energy drinks are hindering the growth of the market.
Detailed Segmentation Analysis of the Asia Pacific Energy Drinks Market:
The Asia Pacific market for Energy Drinks is segmented based on Type, Ingredient Type, and Packaging. Based on Type it is divided into Isotonic, Hypotonic and Hypertonic Energy Drinks. Based on Ingredient Type it is divided into Water and Additives that include sweeteners, flavors, acidulants, and others. Based on Packaging it is divided into Bottles, Cans, and others. Based on geographical analysis, the market is divided into regions of China, India, Japan, South Korea, and Australia. China holds the major share in the market due to the presence of market leaders as well as a large population of casual drinkers, athletes preferring energy drinks. India is the fastest-growing region due to increasing demand and increasing adoption rates. Drinks containing caffeine hold the major market share. Packaging plays a key role in the market and can hold the major share in the market due to its ease of portability and availability. Isotonic drinks hold the major share in the market due to the easy intake of isotonic drinks by the body.
Major Key Players covered in Asia Pacific Energy Drinks Market Report:
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