Featured
- Get link
- X
- Other Apps
Why beverage bottlers need to maximise on energy drinks -The Panagora Blog
“If you can dream it, you can do it.” – Walt Disney
People
looking for mental and physical stimulation turn to energy or sports drinks,
which have stimulant compounds like caffeine and are believed to boost energy,
alertness, and concentration, in addition to enhancing sport performance. These
beverages counteract fatigue by helping the body maintain electrolytes like
sodium and potassium, which are important to the body’s ionic balance, and
provide carbohydrates while hydrating at the same time. In other words, they
replace what gets lost when doing rigorous physical activity and longer
duration exercise, especially when the weather is hot.
The market for energy
drinks is expected to reach $169B by 2024. Research shows that it is
anticipated to expand at a CAGR of around 9% between
2019 and 2024, so for soda bottlers, it’s an obvious opportunity and real area
of growth.
Energy
drinks have many benefits.Particularly, drinks that have high vitamin B content
may temporarily enhance mood and performance. The beverage products that have
taurine may improve various risk factors for heart disease and potentially
lower blood sugar levels for individuals with diabetes.
Be the Energy You Want to Attract! Growing Trends in the Energy
Drinks Market
Energy
drinks are one of the fastest growing products in the global drinks market,
according to Global Information Inc.,
and there’s a burgeoning number of consumers internationally who feel they need
energy drinks in their daily life. There’s no question that the demand for
energy drinks, particularly among teens and young adults, has increased
dramatically over the last two decades.
Asia-Pacific,
in particular, is a thriving market for drinks bottlers because of the changing
demographics and increasing disposable income, while Europe is an emerging
market, poised to grow due to successful marketing efforts by key players.
Other regions, including South America and the Middle East and Africa, are
comparatively smaller and are likely to increase in the coming years.
The
demographics that most frequently purchase energy drinks include these groups:
people between the ages of 18 and 35, men, Hispanics, Pacific region residents,
and adults who have kids at home. The main target groups for manufacturers are
children and adolescents.
With
many consumers frequently picking up energy drinks on their way to work; when
they need some help getting through a long day or after a sleepless night, it
is not surprising that convenience store sales are leading the market.
Popular Posts
Another One bites the Dust-The Panagora Blog
- Get link
- X
- Other Apps
22 Digital Marketing Trends You Can’t Ignore Going Into 2020-Panagora Blog
- Get link
- X
- Other Apps
Comments
Post a Comment