Energy Drink Market to Witness Robust Expansion by 2031

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

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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

Company Profiles

• Abbott Nutrition (Abbott Laboratories Inc.
• Amway Corp.
• Atlanta Beverage Co.
• CRUNK Energy
• Keurig Dr Pepper, Inc
• Lucozade Ribena Suntory Ltd.
• Monster Energy Co.
• Nestle S.A
• PepsiCo, Inc.
• Red Bull GmbH
• Suntory Holdings Ltd.
• Taisho Pharmaceutical Holdings Co., Ltd.
• The Coca-Cola Co.
• XL Energy Marketing s.p.zoo
• XYIENCE Energy

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Article source: https://article-realm.com/article/Food-Beverage/63878-Energy-Drink-Market-to-Witness-Robust-Expansion-by-2031.html