SUGAR FREE ENERGY DRINKS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The Global Sugar Free Energy Drinks Market is estimated to be valued at USD 14.55 Bn in 2024 and is expected to reach USD 21.32 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.62% from 2024 to 2031. Growing health consciousness among consumers and rising awareness about the ill-effects of sugar consumption has boosted the demand for sugar free variants of energy drinks. Moreover, the busy lifestyle of consumers has increased the consumption of energy drinks to boost physical and mental energy. Leading players in the market are focusing on introducing new sugar free products and flavors to cater to the dynamic tastes of health-conscious consumers. However, factors such as availability of substitutes such as coffee and tea may hamper the market growth to some extent during the forecast period.
Market Dynamics
The key drivers fueling the growth of global sugar free energy drinks market include growing health awareness among millennials, rising obesity rates due to sedentary lifestyle, and increasing instances of diabetes due to excessive sugar consumption. However, stringent regulations regarding ingredients and marketing of energy drinks may restraint the market growth. On the other hand, introduction of organic and vegan products as well as flavored sugar free energy drinks present significant opportunities for established players in the market. Moreover, rising prominence of e-commerce channels for the distribution of healthy beverages will further aid the market expansion during the forecast period.
Key Features of the Study
- This report provides in-depth analysis of the global sugar free energy drinks market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global sugar free energy drinks market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Red Bull GmbH, Monster Beverage Corporation, PepsiCo, Inc., The Coca-Cola Company, Glanbia Performance Nutrition, Celsius Holdings, Inc., Bang Energy, Reed's Inc., Nestlé S.A., Arizona Beverages, Runa LLC, XS Energy Drink, and Hiball Energy, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global sugar free energy drinks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sugar free energy drinks market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Sugar Free Energy Drinks Market' - Global forecast to 2031
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