Global Energy Drinks Market, By Product Type (Non-Alcoholic, and Alcoholic), Type (Inorganic, and Organic), Application (Before Exercise, Recovery, and During Exercise), Consumption Time (Before 11 am, Post 9 pm, 11-2 pm, 2-5 pm, and 5-9 pm), Ingredients (Taurine, Caffeine, Guarana, Vitamin B, L-Carnitine, Antioxidants, and Others), Distribution Channel (Store Based Retailers, and Non-Store Retailing) – Industry Trends and Forecast to 2031.
Energy Drinks Market Analysis and Size
In the dynamic energy drinks market, continual advancements in formulations, packaging, and marketing drive consumer interest and loyalty. Enhanced flavors, added nutrients, and innovative strategies benefit both producers and consumers. Brands differentiate by offering diverse options tailored to specific needs, fostering sustained growth and evolution within the industry.
The global energy drinks market size was valued at USD 118.71 billion in 2023, is projected to reach USD 311.15 billion by 2031, with a CAGR of 12.80% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Non-Alcoholic, and Alcoholic), Type (Inorganic, and Organic), Application (Before Exercise, Recovery, and During Exercise), Consumption Time (Before 11 am, Post 9 pm, 11-2 pm, 2-5 pm, and 5-9 pm), Ingredients (Taurine, Caffeine, Guarana, Vitamin B, L-Carnitine, Antioxidants, and Others), Distribution Channel (Store Based Retailers, and Non-Store Retailing)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Red Bull (Austria), Monster Energy Company (U.S.), Rockstar Energy Drink (U.S.), Coca-Cola HBC. (U.S.), PepsiCo, Inc. (U.S.), SUNTORY HOLDINGS LIMITED. (Japan), Otsuka Pharmaceutical (Japan), Vital Pharmaceuticals, Inc. (U.S.), Fraser and Neave, Limited. (Singapore), Osotspa Co., Ltd. (Thailand), Oishi Group (Thailand), Yakult Honsha Co., Ltd. (Japan), Tiger Foods Limited (South Africa), THP GROUP. (Vietnam)
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Market Opportunities
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Market Definition
Energy drinks are beverages designed to boost energy, alertness, and concentration. They typically contain caffeine, sugar, vitamins, and other ingredients such as taurine and guarana. Often marketed to improve physical and mental performance, they are popular among students, athletes, and busy professionals. However, excessive consumption can lead to health issues such as insomnia, anxiety, and heart problems.
Energy Drinks Market Dynamics
Drivers
- Innovation and Product Diversification
Innovation and product diversification are key drivers of the energy drinks market. Companies continuously introduce new flavors, ingredients, and formulations to cater to diverse consumer preferences and health trends. For instance, Red Bull's expansion into sugar-free and organic variants and Monster's introduction of performance-boosting drinks with added nutrients highlight how product diversification attracts different consumer segments, fueling market growth and maintaining competitive advantage.
- Increasing Awareness of Performance Enhancement
In competitive sports and high-pressure professions, energy drinks are essential for maintaining peak performance. Athletes use them to power through intense workouts and competitions, while professionals rely on these beverages to stay focused during long, demanding hours. For instance, marathon runners drink energy beverages to sustain endurance, and doctors on long shifts use them to remain alert, driving the market by meeting the need for quick, reliable energy boosts.
Opportunities
- Changing Lifestyle and Urbanization
Rapid urbanization and shifting lifestyles in the region propel the demand for convenient energy drinks. With increasingly hectic schedules, people seek quick energy sources. Energy drinks meet this demand, providing a rapid solution to combat fatigue and enhance alertness. In bustling cities such as Tokyo and Seoul, where fast-paced lifestyles prevail, professionals and students such as rely on energy drinks to keep up with their demanding routines.
- Increasing Marketing and Branding Strategies
Energy drink brands employ aggressive marketing tactics, including celebrity endorsements and sponsorships of sports or music events, to cultivate strong brand identities and resonate with their target audiences. For instance, Red Bull's partnerships with extreme sports events such as Red Bull Rampage and endorsements from athletes such as professional skateboarder Ryan Sheckler cement its image as a beverage for adventurous, high-energy lifestyles, captivating thrill-seekers globally.
Restraints/Challenges
- Stringent Regulation in Energy Drinks
Stringent regulations pose formidable challenges for energy drink manufacturers. Adapting to diverse and evolving regulatory frameworks requires significant adjustments to product formulations and marketing strategies, hindering market growth. Compliance efforts may strain resources and impede innovation, exacerbating the complexities of navigating the region's regulatory landscape.
- Growing Health Concerns
Heightened awareness of health hazards associated with overconsumption of energy drinks, including caffeine toxicity and cardiac irregularities, leads to declining consumer interest. Fears of elevated blood pressure and other negative consequences further drive this trend. As individuals prioritize wellness, they may seek perceived safer alternatives, presenting a hurdle for the energy drink industry. Mitigating health concerns necessitates strategic adjustments in product offerings and marketing tactics.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2023, Monster Beverage acquired Bang Energy, bolstering its presence in the Asia-Pacific energy drink market via Bang's Phoenix facility. This move targets the region's expanding consumer base
- In 2023, Chris Bumstead launched Bum Energy, featuring reduced caffeine and unique ingredients, providing consumers with a distinctive choice in the energy drink sector
- In 2021, Rosemont-based startup GoodSport and Energy Drinks announced plans to nationally introduce GoodSport, a 97% dairy sports beverage, available on Amazon and Goodsport
- In 2020, The Coca-Cola Company expanded its portfolio with Powerade Power Water and Powerade Ultra, tailored to the endurance exercise trend with 50% more electrolytes and creatine, sugar-free, and available in three flavors per line
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Energy Drinks Market Scope
The market is segmented on the basis of product type, type, application, ingredients and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Alcoholic
- Alcoholic
Type
- Inorganic
- Organic
Application
- Before Exercise
- Recovery
- During Exercise
Consumption Time
- Before 11 am
- Post 9 pm, 11-2 pm
- 2-5 pm
- 5-9 pm
Ingredients
- Taurine
- Caffeine
- Guarana
- Vitamin B
- L-Carnitine
- Antioxidants
- Others
Distribution Channel
- Store Based Retailers
- Non-Store Retailing
Energy Drinks Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, product type, type, application, ingredients and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Europe is expected to grow the energy drinks market rapidly as the region's population of health-conscious people expands. With increasing demand for functional beverages, innovative formulations catering to diverse tastes and nutritional preferences are anticipated to fuel market growth in the region.
North America is expected to dominate the energy drinks market, buoyed by a surge in fitness enthusiasts. With a growing number of individuals engaging in physical activities, the region's demand for energy-boosting beverages is set to soar, driving market expansion and innovation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Energy Drinks Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Red Bull (Austria)
- Monster Energy Company Monster Energy (U.S.)
- Rockstar Energy Drink (U.S.)
- Coca-Cola HBC. Burn (Coca-Cola) (U.S.)
- PepsiCo, Inc. Mountain Dew Game Fuel (PepsiCo) (U.S.)
- SUNTORY HOLDINGS LIMITED. Suntory (Japan)
- Otsuka Pharmaceutical (Japan)
- Vital Pharmaceuticals, Inc. (U.S.)
- Fraser and Neave, Limited. Fraser and Neave Beverages (Singapore)
- Osotspa Co., Ltd. (Thailand)
- Oishi Group (Thailand)
- Yakult Honsha Co., Ltd. (Japan)
- Pacific Refreshments Pty Ltd. (New Zealand)
- Tiger Foods Limited Tiger Brands (South Africa)
- THP GROUP. Tan Hiep Phat Group (Vietnam)
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