Market Share, Growth, Business Analysis and Impact of COVID-19
Dublin, November 29, 2021 (GLOBE NEWSWIRE) – The “US Energy Drink Market Forecast 2021-2027” the report was added to ResearchAndMarkets.com offer.
In the United States, energy drink consumption has gained immense popularity among the millennial population over the past decade, and it has now grown into a multi-billion dollar industry. U.S. energy drink market expected to reach $ 28.25 billion by 2027
The energy drink market in the United States was $ 19.63 billion in 2020
Based on type, the energy drink industry in the United States is segmented into alcoholic and non-alcoholic beverages. Non-alcoholic beverages include sports drinks, bottled water, soft drinks, fruit and vegetable juices, and ready-to-drink tea and coffee.
Currently, a significant increase in the number of people participating in sports and other physical activity is catalyzing the demand for energy drinks in the United States, as they help increase energy levels and improve alertness. mental and physical performance.
US Energy Drink Market Size To Grow With CAGR Of 5.34% Over The Period (2020-2027)
Energy drink remains the most popular supplement in addition to multivitamins among the teenage, youth and adult US population. Mostly, American teenagers, both men and women, regularly use these supplements to maintain a healthy lifestyle. According to Statista, in 2018, 33.85% of respondents aged 18 to 29 said they regularly drink energy drinks
Based on distribution channels
In the United States, distribution channels such as convenience stores, food service, mass merchants, supermarkets, and others receive energy drinks in multiple flavors and primary packaging, including plastic, glass, and metals. PET bottles and cans provide consumers with a wide range to choose their suitable drinks based on packaging and flavor
In addition, the availability of energy drinks on e-commerce platforms has made it possible to purchase goods without any physical constraints. E-commerce provides convenience and convenience and provides information on products, prices, benefits and a full assessment of value before making a purchase.
Impact of COVID-19 on the size of the energy drink market in the United States
Exclusive sales of energy drinks have declined significantly during the COVID-19 pandemic due to limited consumer demand as outdoor activities have been banned and inventory reduction by large companies including Monster Beverage. In addition, the production of many product launches, thus hampering the growth of the market in the medium term
Energy Drinks Industry of USA is strongly consolidated with key players
Companies working in the market focus on personalization and convenience. They also provide healthy, calorie-free, low-sugar functional energy drinks to increase their production of energy drinks in the United States.
For more information on this report, visit https://www.researchandmarkets.com/r/wsvxwd
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