ALL >> Food,-Cooking-and-Drink >> View Article
Energy Drinks Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2026)
After the onset of the COVID-19 pandemic, the fitness clubs and other sporting arenas were shut down in the major part of the world, this move was introduced by the governments so as to limit the spread of the coronavirus, which subsequently affected the sales of energy drinks in the global market in the year 2020. However, the consumers are still clinging on to work-out and engaging in various exercise regime at the comfort of their homes and hence leading to a continued need for energy drinks. Moreover, at the end of the year 2020, many economies removed the strict lockdown measures which resulted in the opening of fitness clubs and sports clubs, thus resulting in the recovery of energy drinks sales.
Increased urbanisation, rising disposable income, and growing health consciousness among consumers increased the demand for non-carbonated drinks. Energy drinks are widely consumed by adolescents, due to their claims of improving performance, endurance, and alertness. At the same time, long and erratic working hours and the increasing occurrence of social gatherings are driving Indian consumers toward the consumption of ...
... energy drinks.â€‹
Moreover, growth in the number of health-conscious consumers and increasing consumer awareness regarding active lifestyle, along with growing rates of lifestyle diseases, inspired health-oriented consumers to opt for healthy and sugar-free drinks. The energy drinks market is also projected to grow, due to an increase in promotional and advertisement strategies.
Key Market Trends
Product Innovation is the Key to Increased Consumption
Despite stringent laws and a heavily regulated environment, the market for energy drinks is recording a growth owing to the high level of product innovation by players; this also helps the players address the requirements of consumers.â€‹
Energy drinks are especially popular among college students and corporates, as a substitute for coffee, which helps them stay alert during work. Moreover, these energy drinks are gaining popularity, as they are used as mixers in popular alcoholic drinks.
Energy drinks, such as Rock Star, Monster, and Red Bull, are promoting the image of strength, energy, and speed. The sleek and colourful packaging of energy drinks is attracting consumers, primarily due to the cool and trendy factor. Furthermore, these energy drinks help in balancing the level of taurine, an amino acid, which is naturally found in the body. The level of taurine is expected to decline significantly during extreme physical exertion and high stress. â€‹
Manufacturers of energy drinks are focusing on expanding their product lines, by introducing new flavors and new categories in order to encourage frequent consumption and drive the market studied.
North America Dominates the Global Energy Drinks Market
The high consumption of energy drinks and the United States massive coffee culture have pushed the notion of energy shots into the mainstream, which is a major factor driving the sales of energy drinks in the country.â€‹
Energy drinks are an integral part of social gatherings, parties, and celebrations in the United States. The manufactures such as Red Bull, Monster Beverages and others are offering their energy drinks in multiple flavors and two major packagings which include PET bottles and cans, providing consumers with a wide range to choose their suitable drinks in terms of both packaging and flavor.â€‹
Furthermore, soda consumption is substantially declining in the country, which in turn has provided a great opportunity for the manufactures such as Coca-Cola and PepsiCo who are trying to leverage the name recognition of their legacy brands by making a bigger dent in the growing energy drink category.â€‹ For instance, in 2019, Coco-Cola announced the launch of its first energy drink under its brand in four varies which includes Coca-Cola Energy, Coca-Cola Energy Zero Sugar, Coca-Cola Coca-Cola Energy Cherry, and Coca-Cola Energy Cherry Zero Sugar.â€‹
The energy drinks market is a competitive market, making it hard for new and small companies to compete. Monster Beverage Corporation, Red Bull, The Coco-Cola Company, Rockstar Inc., and PepsiCo are a few of the many companies with high shares in the energy drinks market. Companies operating in the market are focusing on personalization and convenience, and are also providing healthy, zero-calorie, and low-sugar functional energy drinks, in order, to scale their energy drink production in the region.
Additionally, product launches may help companies tap the huge potential for growth in the developing regions. Most manufacturers create product awareness through advertising and celebrity endorsement. In addition to this, major sports events are sponsored by energy drink manufacturers.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
For sample report please visit : www.statzyreports.com/report/sr497752/energy-drinks-market
Public Relations Manager
Email : firstname.lastname@example.org
Email : email@example.com
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com
StatzyReports is the premier global market research and business reports company based in India. StatzyReports.com functions under Statzy Market Research. We offer our expertise globally in services related to market research, business strategy consulting, surveys or questionnaire, forecast and statistical data analysis. Our experience working with major business and customer driven companies enabled us to develop some of the best winning strategies for succeeding in various global markets. Our globally renowned experts mastered the art of perfection with their unique skillset and vast experience in research and data analytics.
Food, Cooking and Drink Articles1. Some Of The Significant Benefits Of Taking Certified Organic Food Items
Author: John Barnerd
2. Surprise Your Beloved Ones By Sending Online Imported Chocolate Home Delivery In India
3. Grocery Delivery In Chennai
4. Latest 10 Best Tea Powders In India To Spice Up Your Mood And Give Good Health
Author: Prabhas Kumar
5. Global Soybean By-products Market 2021 By Manufacturers, Regions, Type And Application, Forecast To 2026
6. Everything You Wanted To Know About Fresh Asparagus
Author: Austin Kathryn
7. The Necessary Switch For Some People From Regular Milk To Almond Milk
8. Online Grocery Market
9. Best Cannoli In Sydney
Author: Cannoli Rush
10. Professional Corporate Event Catering- A Great Way To Draw Attention To Your Guests
Author: Brian Daoud
11. Milk: A Reliable Source Of Calcium For Human Body
12. Need For Good Food Distributor Or Fmcg Distribution For B2b Segments And Leading Manufacturers?
Author: Snehal Desai
13. Europe Barbeque Grill Market Enhancement And Growth Rate Analysis By 2027
Author: Jignesh Jariwala
14. Best American Diner Experience In Uae
15. Identity Quality Tea For Best Healthy Life
Author: Prabhas Kumar