Energy drink market to be worth $114.7bn by 2030
The energy drink market accounted for $57.4billion in 2020 and is estimated to be valued at $114.7billion by 2030, at a CAGR of 7.3%, according to a new research study.
The energy drink market is a global industry that involves the production, distribution, and consumption of beverages that are designed to boost energy levels and increase alertness.
Energy drinks typically contain caffeine, vitamins, and other ingredients that are meant to provide a quick burst of energy.
Market research is an important aspect of the energy drink industry, as it helps companies understand consumer preferences and market trends.
This information is crucial for companies to develop new products, improve existing ones, and create effective marketing strategies.
The energy drink market can be segmented by product type, including regular energy drinks, low-calorie energy drinks, and natural energy drinks.
The market can also be segmented by distribution channel, including supermarkets and hypermarkets, convenience stores, online retailers, and specialty stores.
The global energy drink market has experienced significant growth over the past few years and is expected to continue to grow in the coming years. Increasing consumer demand for convenient and quick energy sources, as well as rising health consciousness and the popularity of natural and organic products, are among the key drivers of growth in the industry.