Numerous substances, such as vitamins, sugar, caffeine, and herbal extracts, are combined in energy drinks to provide consumers a quick energy boost. A growing number of people, including athletes, students, professionals, and those with busy lifestyles, are starting to drink energy drinks. People seeking improved alertness, attention, and a brief break from fatigue are the target market for these.
According to SPER market research, ‘North America Energy Drinks Market Size- By Type, By Price Point, By Sales Channel, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Energy Drinks Market is predicted to reach USD 28.24 billion by 2033 with a CAGR of 3.35%.
Growth Drivers: Due to the high prevalence of diabetes and other chronic illnesses, consumers are realizing the importance of eating a healthy diet and leading an active lifestyle. Customers are choosing low-sugar, low-calorie, or sugar-free beverage options due to increased health concerns.
The market for energy drinks is expected to grow faster than expected over the course of the forecast period due to rising usage. These days, a lot of people prefer energy drinks to other drinks since they meet their need for quick hydration.
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Challenges: The market for energy drinks with negative effects is anticipated to grow gradually over the course of the forecast period as a result of the possible health risks associated with excessive caffeine use, including hypertension, nausea, restlessness, and other ailments.
Misconception on the benefits of energy drinks. It is anticipated that the primary hindrance to the market growth rate will be the ignorance of customers in emerging economies regarding its benefits, which include increased attentiveness, rapid energy, and refreshment.
Impact of COVID-19 on North America Energy Drinks Market
The energy business grew as a result of the COVID-19 pandemic. despite the fact that there was already a rising demand for these products. Convenience, rising health concerns, and the enhanced variety and quality of these drinks are some of the other key factors driving up demand. Customers brought these things in via online channels after bars and restaurants closed in March 2020. This pattern contributed to the industry's success during the pandemic. The product saw a sharp increase in sales through e-commerce platforms as a result of purchases from stay-at-home moms around the globe.
North America Energy Drinks Market Key Players:
Additionally, some of the market key players are; Monster Beverage Corporation, N.V.E. Pharmaceuticals, PepsiCo, Inc., Red Bull GmbH, Seven I Holdings Co., Ltd., The Coca-Cola Company, Others.
North America Energy Drinks Market Segmentation:
By Soft Drink Type: Based on the Soft Drink Type, North America Energy Drinks Market is segmented as; Energy Shots, Natural/Organic Energy Drinks, Traditional Energy Drinks, Others.
By Packaging Type: Based on the Packaging Type, North America Energy Drinks Market is segmented as; Glass Bottles, Metal Can, PET Bottles.
By Distribution Channel: Based on the Distribution Channel, North America Energy Drinks Market is segmented as; Off-trade, On-trade.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
North America Energy Drinks Market Competitive Analysis
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