Energy drink market is anticipated to grow at a CAGR of around 6% during the forecast period. Energy drink usually constitutes caffeine along with other mental and physical simulators that are used for providing instant energy to an individual. Nowadays, energy drinks are available in various flavors with vitamins or carnitine, in the market. Energy drinks also come in the no-calorie and sugar option which further enhance its adoption by fitness-conscious population and sports persons. This, in turn, will impact the growth of the energy drink market during the forecast period.
Additionally, the rapid adoption of energy drinks by the teenage population across the emerging as well as developed economies will drive the growth of the energy drink market. In addition to this, the increasing purchasing power of the middle-class population is also anticipated to surge the consumption of energy drink thereby contributing significantly to the market growth. However, the increasing health-associated threats due to the consumption of energy drinks will significantly challenge the market growth during the forecast period.
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Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Energy Drink Market- Segmentation
By Product
- Alcoholic
- Non-Alcoholic
By Target Population
- Adults
- Teenagers
By Type
- Organic
- Non-Organic
A full report of Energy Drink Market available @ https://www.omrglobal.com/industry-reports/energy-drink-market
Energy Drink Market-Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
Reasons to buy from us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/energy-drink-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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Article source: https://article-realm.com/article/Food-Beverage/61403-Energy-Drink-Market-is-Dazzling-Worldwide-and-Forecast-to-2031.html
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