NEW YORK , Nov. 8, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global energy drinks market size is estimated to grow by USD 40.04 billion from 2023-2027, according to Technavio.
The market is estimated to grow at a CAGR of 8% during the forecast period. Hectic lifestyle and need for instant energy is driving market growth, with a trend towards increase in demand for low-calorie energy drinks. However, stiff competition from low-cost substitutes poses a challenge.
Key market players include Abbott Laboratories, Britvic plc, Cargill Inc., Decathlon SA, DyDo Group Holdings Inc., Hype Energy, Keurig Dr Pepper Inc.
, Monster Beverage Corp., National Beverage Corp., Otsuka Holdings Co.
Ltd., PepsiCo Inc., Red Bull GmbH, Slades Beverages, Suntory Beverage and Food Europe, and The Coca Cola Co.
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Energy Drinks Market is experiencing significant growth due to increasing consumer demand for instant energy and mental stimulation. Caffeine, a key ingredient in soft drinks and carbonated beverages, is a major driver of this trend.
Fruit and vegetable flavors, vitamins and minerals, and electrolytes are also popular additives in energy drinks. Rising incomes and a focus on health and wellness have led to the popularity of immunity-boosting beverages and su.