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Global Plant Based Energy Drink Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Food & Beverage | Upcoming Report | Aug 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Plant Based Energy Drink Market, By Product Type (Non-Alcoholic and Alcoholic), Type (Inorganic and Organic), Application (Before Exercise, Recovery, and During Exercise), Ingredients (Taurine, Caffeine, Guarana, Vitamin B, L-Carnitine, Antioxidants, and Others), Distribution Channel (Supermarket/Hypermarket, E-commerce, Grocery Stores, and Convenience Stores) – Industry Trends and Forecast to 2031.


Plant Based Energy Drink Market Analysis

The plant based energy drinks market is experiencing significant growth driven by increasing consumer demand for natural, healthier alternatives of traditional energy drinks. Rising health awareness among consumers is leading them to seek out energy drinks made from natural and plant based ingredients. Consumers are becoming more health-conscious and are looking for clean labels product, lower artificial ingredients. This shift is fueled by growing awareness of the benefits of plant based ingredients, such as herbal extracts, and natural caffeine sources, which are believed to provide a healthier energy boost.

Plant Based Energy Drink Market Size

Global plant based energy drink market size was valued at USD 1.61 billion in 2023 and is projected to reach USD 2.85 billion by 2031, with a CAGR of 7.4% during the forecast period of 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, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Plant Based Energy Drink Market Trends

“Increasing consumer taste towards sustainable and healthier beverage”

The plant based energy drinks market is experiencing significant growth as consumers increasingly seek out sustainable and healthier beverage options. This increase in demand is driven by a shift towards natural ingredients that offer energy-boosting benefits without relying on artificial additives. Popular ingredients such as ginseng, guarana, and green tea are becoming important in formulations, catering to health-conscious consumers who prioritize clean and effective energy sources.

In addition to being open about their ingredients, brands are also using eco-friendly packaging to appeal to customers who care about the environment. Many companies are adopting green practices and clear sourcing to attract these customers. By focusing on both natural ingredients and environmental responsibility, brands are influencing the market, driving new ideas, and standing out in a crowded field.

Report Scope and Plant Based Energy Drink Market Segmentation   

Attributes

Plant Based Energy Drink Key Market Insights

Segmentation

  • By Product Type: Non-Alcoholic and Alcoholic
  • By Type: Inorganic and Organic
  • By Application: Before Exercise, Recovery, and During Exercise
  • By Distribution Channel: Supermarket/Hypermarket, E-commerce, Grocery Stores, and Convenience Stores
  • By Ingredients: Taurine, Caffeine, Guarana, Vitamin B, L-Carnitine, Antioxidants, and Others

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Key Market Players

Nestlé (Switzerland), PepsiCo (U.S.), Tenzing Natural Energy Ltd (U.K.), Guru Energy (Canada), Yerbaé (U.S.), RIOT Energy (U.S.), Proper Wild, Inc. (U.S.), Garden of Life (U.S.), BA Sports Nutrition, LLC. (U.S.), ToroMatcha (Canada), and Guayakí (U.S.).

Market Opportunities

  • Shifting focus of youth towards sports and physical training.
  • Partnerships and Collaborations with influencers

Value Added Data Infosets

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, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Plant Based Energy Drink Market Definition

The plant based energy drink market consists of beverages formulated with natural, plant-derived ingredients like ginseng, guarana, and green tea to boost energy levels. These drinks cater to health-conscious consumers seeking alternatives to traditional energy drinks, emphasizing sustainability, natural flavors, and eco-friendly packaging.

Plant Based Energy Drink Market Dynamics

Drivers  

  • Growing Preference for Natural Ingredients

Consumers are increasingly opting for products that use natural ingredients such as ginseng, guarana, and green tea as they pursue healthier lifestyle choices. This growing trend towards clean, natural components is a significant driver for the plant based energy drink market. As more people turn away from beverages with artificial additives, they are seeking alternatives that align with their health-conscious preferences. This shift in consumer behavior is fueling a rising demand for plant based energy drinks that offer a natural and healthier energy boost. Brands that emphasize natural ingredients and avoid artificial additives are well-positioned to meet this demand and capitalize on the expanding market.             

For instance, in 2023, According to a report published by Mintel Group Ltd. The energy drinks industry is increasingly turning to natural ingredients to meet growing consumer demand for healthier options. Tenzing in the UK has introduced carbon-neutral energy powders made from botanical ingredients like ginseng and moringa, which provide a natural alternative to caffeine. Similarly, in India, brands are focusing on Ayurvedic herbs such as ginger and maca, reflecting a preference for clean, plant based ingredients over synthetic additives.

  • Increased Awareness Among Youth Towards Health.

The growing awareness among youth about health and wellness is a significant driver for the plant-based energy drink market. Young consumers are increasingly prioritizing natural, clean-label products, seeking alternatives that align with their values around sustainability and health. This demographic is more informed about the negative impacts of artificial ingredients, excessive sugars, and synthetic additives found in traditional energy drinks. They are turning to plant-based options as they offer a healthier boost of energy without compromising their commitment to environmentally friendly and ethical consumption. Brands that tap into this trend by highlighting the natural, sustainable, and health-focused benefits of plant-based energy drinks are well-positioned to capture the loyalty of this influential and growing consumer segment.

Opportunities

  • Shifting Focus of Youth stowards Sports and Physical Training.

The rising interest among young people in sports and fitness creates a big opportunity for the plant based energy drink market. As more youth focus on staying active and healthy, they are looking for drinks that help with their performance and recovery in a natural way. Plant based energy drinks, which often include ingredients like ginseng, guarana, and green tea, meet this need by providing clean energy and better endurance without artificial ingredients. This trend towards an active lifestyle is increasing the demand for drinks that boost energy and support muscle recovery, giving brands a chance to reach this growing audience.

 For instance, in April 2024, according to a journal published by Glanbia plc, the increasing focus of youth on sports and physical training creates a significant opportunity for plant based energy drinks. As young consumers seek natural, health-conscious products to support their active lifestyles, brands are innovating with plant based ingredients like pea protein and eco-friendly packaging. This trend aligns with the growing demand for clean, sustainable energy sources.

  • Partnerships and Collaborations with Influencers

Partnering with influencers presents a major opportunity for the plant based energy drink market. By collaborating with popular fitness and wellness influencers, brands can effectively reach a larger, engaged audience that values health and natural products. Influencers can promote plant based energy drinks to their followers, showcasing the benefits of natural ingredients like ginseng and green tea. This approach not only increases brand visibility but also builds trust and credibility among potential customers. Influencer partnerships can drive awareness, boost sales, and help brands tap into new market segments by leveraging the influence and reach of trusted voices in the wellness community.

Restraints/Challenges

  • Higher Production Costs

Higher production costs are a significant restraint for the plant based energy drink market. Producing these beverages often requires more expensive ingredients and advanced processing techniques compared to traditional energy drinks. The use of high-quality, natural components like ginseng, guarana, and green tea can drive up costs.

Additionally, implementing eco-friendly packaging and sustainable sourcing practices adds further expenses. These higher production costs can lead to higher retail prices, which may limit consumer affordability and affect the overall market growth. Brands must navigate these financial challenges to balance quality with competitive pricing.

  • Limited Ingredient Availability

A significant challenge in the plant based energy drink market is the limited availability of high-quality ingredients. Finding consistent and reliable sources for plant based components like ginseng, guarana, and green tea can be difficult. This scarcity can lead to supply chain issues, impacting production schedules and product availability.

Additionally, fluctuations in ingredient quality or price may affect the overall product quality and cost, making it challenging for brands to maintain consistency and meet consumer expectations. As demand for these ingredients grows, securing a stable supply becomes increasingly important for sustaining market presence and growth.

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.

Global Plant Based Energy Drink Market Scope

The market is segmented on the basis of product type, application, type, distribution channel, Ingredients. 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

  • Non-Alcoholic   
  • Alcoholic

Type

  • Inorganic
  • Organic

Application

  • Before Exercise
  • Recovery
  • During Exercise

Distribution Channel

  • Supermarket/Hypermarket
  • E-commerce
  • Grocery Stores
  • Convenience Stores

Ingredients

  • Taurine
  • Caffeine
  • Guarana
  • Vitamin B
  • L-Carnitine
  • Antioxidants
  • Among Others

Global Plant Based Energy Drink Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, product type, application, distribution channel, ingredients.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to High Health Awareness and well-established market for energy drinks, with numerous brands already offering plant based options.

Asia-Pacific is expected to be the fastest growing due to the region's rapidly increasing population. Government initiatives in sports and fitness, along with increasing awareness among youth about the benefits of plant based beverages, are contributing to the market's expansion.

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 like 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.

Global Plant Based Energy Drink Market Share

The market competitive landscape provides details by competitors. 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.

Plant Based Energy Drink Market Leaders Operating in the Market Are:

  • Nestlé (Switzerland)
  • PepsiCo (U.S.)
  • Tenzing Natural Energy Ltd (U.K.)
  • Guru Energy (Canada)
  • Yerbaé (U.S.)
  • RIOT Energy (U.S.)
  • Proper Wild, Inc. (U.S.)
  • Garden of Life (U.S.)
  • BA Sports Nutrition, LLC. (U.S.)
  • ToroMatcha (Canada)
  • Guayakí (U.S.)

Latest Developments in Plant Based Energy Drink Market

  • In July 2024, Tenzing has launched what it claims as the “world’s strongest natural energy drink,” Super Natural Energy Fiery Mango. With 200mg of caffeine from green coffee and green tea, plus functional ingredients like cordyceps mushrooms and magnesium, this drink offers more caffeine per serving than Red Bull. Available on Tenzing’s website, Amazon, and in Holland & Barrett, it’s designed for those needing a powerful energy boost
  • In July 2023, Hungarian company Hell Energy Drink has developed what it claims to be the world’s first energy drink entirely designed by artificial intelligence (AI). The AI selected the ingredients, formulation, and even the packaging design. The chosen flavor, “Tutti-frutti & Berry-blast,” was one of three options generated by the AI. The recipe is stored securely in the company's Hungarian factory and a Swiss vault. This innovation showcases AI's potential to revolutionize product development in the food and beverage industry


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