Product ID: SQMIG30G2027
Report ID:
SQMIG30G2027 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
170 |
Figures:
79
In 2021, North America dominated the global market. The rise in disposable income, the creation of various domestic brands, and the expansion of marketing and promotional initiatives for product growth are all factors contributing to the region's expanding product consumption. Due to shifting demographics, consumer preferences, and drinking patterns, North Americans consume more energy drinks than any other region in the globe. Market globalization and the phenomenon of migration both helped change consumers' drinking behaviors as alcohol use became more and more ingrained in their daily lives. This has thus created new opportunities for market players to add a range of drinks to the market segments.
The Asia Pacific region's market is predicted to grow at the fastest rate between 2022 and 2030. The market is expected to increase significantly in the economies of China, India, and Japan since consumers in these countries are eager to sample new flavors and have a high need for a diversity of beverages. Product launches there that try to appeal to and target a wide variety of consumers have increased demand for goods in the region.
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REQUEST FREE CUSTOMIZATIONEnergy Drinks Market size was valued at USD 86.64 billion in 2019 and is poised to grow from USD 93.84 billion in 2023 to USD 177.58 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
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Product ID: SQMIG30G2027