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Global Energy Drinks Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Isotonic, Hypotonic and Hypertonic), Ingredient Type (Water and Additives), Packaging (Bottles, Cans and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) –Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 7005
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Energy Drinks Market Size (2024 to 2029)

The size of the global energy drinks market is estimated to grow at a CAGR of 7.5% from 2024 to 2029 and be worth USD 112.23 billion by 2029 from USD 78.17 billion in 2024. North America is the most promising regional segment for energy drinks worldwide and accounted for 30.8% of the worldwide energy drinks market share in 2023.

A high concentration of stimulants, including caffeine, taurine, ginseng, guarana, and others, can be found in energy drinks. It improves both mental and physical performance. Energy drinks can have carbonation or not. They are distinct from sports drinks, which are used during or after physical activity to replenish electrolytes and water. Additionally, they differ from tea and coffee, which are brewed, have fewer ingredients, and sometimes contain decaffeinated versions. Energy drink producers assert that their goods increase vigor. 

Global Energy Drinks Market Drivers:

The rising popularity of energy drinks that offer immediate energy along with mental and physical stimulation is one of the key factors driving the global energy drinks market. Taurine is an important component in most of the energy drinks and is necessary for the growth of skeletal muscle and the cardiovascular system. This awareness among the consumers is growing gradually and energy drinks that contain taurine have been experiencing promising demand in the global market. In addition, rising consumer lifestyle changes, growing health consciousness and increased awareness of health and wellness products are anticipated to drive the global energy drinks market.

The demand for energy drinks increased as urbanization, disposable income, and consumer health consciousness all increased. Teenagers frequently use energy drinks because they promise to increase performance, stamina, and alertness. At the same time, consumers are being influenced to drink energy drinks by lengthy, unpredictable work hours and an increase in social events. ​In addition, the rising prevalence of diseases linked to a sedentary lifestyle, an increase in the population of health-conscious consumers, and consumer knowledge of active lives all encouraged people to choose drinks that are both nutritious and sugar-free. The market for energy drinks is also anticipated to expand as a result of an increase in promotional and advertising tactics.

On the other hand, increasing consumer awareness of sugar-free beverages tends to propel the global energy drinks market growth during the forecast period. Due to the growing prevalence of diabetes, consumers are becoming more aware of the importance of a balanced diet and an active lifestyle. Due to growing health concerns and intensified efforts to stop the growth of lifestyle illnesses, consumers are adopting low-calorie, low-sugar, or sugar-free dietary patterns in foods and beverages. Customers prefer stevia and other natural sweeteners in their beverages. Companies like Coca-Cola and PepsiCo Inc. have made commitments to reduce sugar in their products and do away with artificial additives. Furthermore, new products launched by beverage manufacturers in response to changing consumer preferences for sugar-free or low-sugar beverages.

Global Energy Drinks Market Restraints:

Consumers are becoming increasingly concerned about the possibility of ingredients including prohibited colors and additives, medication residues, industrial chemicals, unreported allergies, and heavy metals. The negative health impacts brought on by consuming these residues are probably preventing the market for energy drinks from expanding.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Red Bull, Monster Beverage Corporation, Rockstar Inc., Coca Cola, Pepsi Co, Arizona Beverage Company, National Beverage Corp., Dr. Pepper Snapple Group, Living Essentials, Cloud 9

 

This research report on the global energy drinks market has been segmented and sub-segmented based on product, type, consumption, distribution channel and region.

Global Energy Drinks Market - By Type:

  • Alcoholic
  • Non-alcoholic

Based on type, the non-alcoholic segment stood as the dominating segment and held for 53.9% of the worldwide energy drinks market share in 2023. Non-alcoholic energy drinks increase energy by enhancing physical and mental performance. Additionally, the inclusion of caffeine in non-alcoholic energy drinks helps the user be more alert, remember things better and feel better. The non-alcoholic segment is predicted to showcase the fastest CAGR during the forecast period in the global market due to the non-alcoholic energy drink segment's transformation over the previous few years from a small product category to one of the fastest-growing product categories in the overall energy drink market. During the forecast period, it is anticipated that a rise in teen popularity and a rise in health consciousness will favour the growth of the non-alcoholic energy drink segment.

Global Energy Drinks Market - By Packaging:

  • Cans
  • Bottles

Based on packaging, the cans segment dominated the market and occupied a share of 59.7% of the worldwide energy drinks market share in 2023. Because consumers' tastes and options have evolved, they are increasingly choosing these drinks over bottled wine and other alcoholic beverages. Cans are portable and don't break like glass, young customers prefer metal cans. As a result of the closure of bars, pubs, and restaurants due to the coronavirus pandemic, demand for the product in cans has greatly surged and is anticipated to keep growing over the forecast period.

The bottles segment is also a major segment and is predicted to register healthy growth during the forecast period.

Global Energy Drinks Market - By End User:

  • Kids
  • Adults
  • Teenagers

Based on the end-user, the adults segment was the major segment in the global market in 2023 and held 60.9% of the global energy drinks market share. The domination of the adult segment is likely to continue throughout the forecast period owing to the increase in energy drink consumption by working adults to maintain a healthy lifestyle. The rise in athletes' awareness of diet and calorie intake is further boosting the expansion of the adult segment in the global market.

Global Energy Drinks Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

In 2023, North America outranked all the regions and stood as the most dominating regional segment in the global market, accounting for 30.8% of the worldwide market share. The rise in disposable income, the introduction of various indigenous brands, and the rise in marketing and promotional efforts for product growth are factors contributing to the region's expanding product consumption. Due to shifting demographics, customer preferences, and drinking behaviors, North Americans consume more energy drinks than any other geographic market in the globe. The U.S. is the major market for energy drinks in the North America. The growth of the U.S. energy drinks market is majorly attributed to the rising demand for convenience beverages, especially among urban populations with hectic schedules and the strong presence of key market players.

During the forecast period, the Asia Pacific is probably going to be the region with the quickest rate of growth. Due to customer readiness to try new flavors and the high demand from immigrants living in the country who show interest in a variety of beverages, the market is anticipated to experience significant growth in the economies of China, India, and Japan. The demand for products in the region has been fueled by product launches there that aim to target and appeal to a wide range of consumers.

KEY MARKET PLAYERS:

Companies playing a major role in the global energy drinks market include Red Bull, Taisho Pharmaceutical Co. Ltd., PepsiCo. Inc., Monster Energy, Lucozade, The Coco-Cola Company, Amway, AriZona Beverages USA, Living Essentials LLC and Xyience Energy.

RECENT HAPPENINGS IN THE MARKET:

  • Anheuser-Busch Companies LLC introduced energy drinks in India in January 2022 as the category is predominantly driven by millennials and wealthy consumers in the nation's major urban centers.

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FAQ's

What can be the total Energy Drinks Market value?

 Energy Drinks Market size was worth US$ 7.8 billion in 2022 and is anticipated to have the value of US$ 15.7 billion by 2027 and to reach the register a CAGR of 14.5% during 2022-2027.

Mention the region which has the largest share in the Energy Drinks Market?

North America region is expected have the largest market share of the global Energy Drinks Market

Name any three Energy Drinks Market key players?

AriZona Beverages USA, Living Essentials LLC and Xyience Energy are the global Energy Drinks Market key players

What is the major effecting factor in the global Energy Drinks Market?

The negative health impacts brought on by consuming these residues are probably preventing the market for energy drinks from expanding.

 

Mention the latest driver in the global Energy Drinks Market?

Increasing consumer awareness towards sugar free beverages tends to propel the global energy drinks market growth during the forecast period

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