Energy Drinks Market Size, Share, Growth Analysis, By Product(Drinks, Shots and Mixers), By Type(Conventional and Organic), By Packaging(Cans, Bottles, and Others), By Distribution Channel(On-trade, and Off-trade), By Region - Industry Forecast 2024-2031

Global Energy Drinks Market size was valued at USD 86.65 billion in 2022 and is expected to rise from USD 93.84 billion in 2023 to reach a value of USD 177.58 billion by 2031, at a CAGR of 8.3% during the forecast period (2024-2031). 

Some of the reasons that validate why the energy drinks industry is currently rated as one with the fastest growth rate include rising customer demand for new and exciting flavor experiences, and health and naturalness trends. Additionally, there is a growing Energy Drinks Market demand for drinks formulated with more natural ingredients and less sugar. Interest among consumers is growing in tastes, sugar-free products, diets, zero-calorie options, and natural and organic options. 

Energy drinks continue to be the best-selling supplements among both teenagers and young adults in the US. However, on a larger scale, energy drinks were primarily consumed by males aged 18 to 34 years. This growth is mainly due to growing awareness and an increase in the trend for sports activities among younger people. Recently, players operating in the US have shifted consumer targets from athletes to youth due to rising demands made by young consumers for mental alertness. 

The risks associated with increased energy drink consumption, such as consumer concerns about weight gain and general health, as well as the high sugar content, caffeine derived from synthetic sources, artificial ingredients, and additives, present a challenge for some suppliers and restrain the growth of the global market. A higher intake of these drinks may raise blood pressure and increase the chance of heart electrical abnormalities. The demand for natural and organic drinks has significantly increased over the past several years because of the restrictions placed mostly on non-organic energy drinks. Although there will be a global increase in the demand for these drinks, which will raise energy drinks market share and propel market growth during the anticipated period.

US Energy Drinks Market is poised to grow at a sustainable CAGR for the next forecast year.