DUBLIN--(BUSINESS WIRE)--The "Global Energy Drinks 2019 - Key Insights and Drivers behind the Energy Drinks Market Performance" report has been added to ResearchAndMarkets.com's offering.
Despite prominent global trends towards healthier lifestyles, the energy drinks category has remained somewhat immune to this among its target younger audience. The stereotypical assumption of energy drinks being solely targeted at younger, gamer-type' consumers has become largely inaccurate as operators in the category have sought to broaden the appeal of the category through low-calorie offerings and more mainstream marketing efforts. This has seen the drinking occasions of energy drinks diversify. Globally, 32% of consumers reach for an energy drink after exercising'. Other energy drink occasions range from at the workplace' (17%) to during leisure/entertainment activities' (16%).
The global energy drinks market grew by 8.9% during the review period, making it the fastest growing beverages category. This growth was primarily driven by Asia, Eastern Europe and Africa. The Middle East and North Africa were the only regions to see volumes decline over the review period. This was due to a 50% tax on energy drinks that was implemented across Saudi Arabia. As a result of this tax, energy drink volumes in the market fell by 9.5% during 2018.
New product development during the review period has largely revolved around experimental flavors including cola (Coca-Cola Energy), mojito (Black Lion), and coconut (Red Bull Summer Edition). Other category innovation has focused on the incorporation of natural' energizing ingredients such as ginseng and guarana which are perceived as healthier than caffeine. Despite a flurry of new product launches, original energy remains the most popular flavor profile, accounting for 70.2% of category volume.
The energy drinks space has seen a swing towards downsizing due to a combination of both financial and health concerns. Both 25cl and 50cl pack types grew faster than the overall category average. 47% of global consumers claiming to actively trying to reduce' their sugar consumption, consumers are opting for smaller pack types in order to reassure themselves.
Despite metal cans enjoying a strong association with the energy drinks category, its dominance has wavered over the past year with many regions (The Middle-East, North Africa, and Asia) recording notable growth in PET pack types. This is primarily due to macro-economic factors, with weak economic climates and widespread implementation of both sugar and energy drink taxes nudging consumers towards the cheapest offerings.
Energy drinks recorded substantial growth across both on and off trade channels as the category gained further mainstream acceptance and branched out its appeal to older demographics. The price per liter dipped across off-trade channels as private labels took an increased interest in the category. Similarly, domestic operators launched value-driven options into markets that have traditionally been dominated by more expensive brands such as Red Bull and Monster. This trend is forecast to continue over future years with prices remaining flat or negative.
The report Global Energy Drinks Report 2019 acts as an essential tool for companies active or planning to venture in to Global Energy Drinks (Soft drinks) market. The comprehensive statistics within the research handbook provides insight into the operating environment of the market and also ensures right business decision making based on emerging trends and industry model based forecasting.
The publisher considers Energy Drinks as energy-enhancing products, mainly carbonated and containing stimulants such as caffeine, taurine, guarana (the guarana seed has a higher caffeine content than coffee), glucuronolactone, yerba mate, along with glucose syrup (corn syrup) and maltodextrin.
Scope
- Top line value and volume growth data, % share by flavour, key companies, packaging and distribution (on-/off-premise), with forecasts.
- Details of key new product launches by region.
- Overview of the competitive landscape in the energy drinks market, with analysis of key company performance.
- Insightful and valuable analysis of the drivers behind both current and emerging trends in the energy drinks market.
Reasons to Buy
- The Global Energy Drinks report allows you to evaluate forecast projections, enhancing your understanding of the evolving trends and consumption patterns.
- The report is arranged by region, giving a comprehensive view of current and emerging trends and opportunities to support corporate strategic planning.
- Identify the current and emerging trends and future growth opportunities in the global energy drinks market to assess the likely impact on company's performance.
- Interrogate the data to understand both the historic and likely future performance of the global energy drinks industry by region to support long-term strategic planning.
Key Topics Covered:
1. Global Summary
- Executive Summary
- Emerging Trends
- Brand and Private Label Trends
- Company Trends
- Packaging Trends
- Channel and Pricing Trends
2. Africa Summary
3. Asia Summary
4. Australasia Summary
5. Eastern Europe Summary
6. Latin America Summary
7. Middle East, North Africa Summary
8. North America Summary
9. Western Europe Summary
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/2voi2o
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June 02, 2020 at 08:54PM
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Global Energy Drinks 2019 - Key Insights and Drivers behind the Energy Drinks Market Performance - ResearchAndMarkets.com - Business Wire
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