Global Sugar Free Energy Drinks Market Expands at Significant CAGR of 6.6% to Reach USD 24.25 Billion by 2030

Published | 09 October 2024

Global Sugar Free Energy Drinks Market is flourishing because of the growing awareness about health and wellness and the rising demand for functional beverages.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Sugar Free Energy Drinks Market size at USD 15.65 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Sugar Free Energy Drinks Market size to expand at a CAGR of 6.60% reaching a value of USD 24.25 billion by 2030. The increased health consciousness of consumers and the increasing incidence of health conditions like obesity and diabetes linked to processed sugar intake are major driving factors for the global market for sugar-free energy drinks. It is also projected that Global Sugar Free Energy Drinks Market is expected to witness substantial growth due to the introduction of new products with diverse tastes and increased product availability.

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Opportunity - Growing Popularity of Online Grocery Stores

Sugar free energy drinks are increasingly becoming staple, particularly among urban working population. The busy lifestyle of this demographic is directly influencing the growth of online grocery stores, propelling the demand for sugar free energy drinks as well. The increasing popularity of online stores, such Amazon, Instacart, Tesco, BigBasket, and the convenience of quick delivery of sugar free energy drinks during hectic hours, are project to drive Global Sugar Free Energy Drinks Market in the coming years.

Impact of Escalating Geopolitical Tensions on Global Sugar Free Energy Drinks Market

Escalating geopolitical tensions negatively impacts the growth of Global Sugar Free Energy Drinks Market. Geopolitical conflicts directly lead to supply chain disruptions, which results in a shortage of essential commodities and raw materials of the industry, such as artificial sweeteners and packaging materials, such as PET. The shortage of raw materials could hamper manufacturing operations, causing a surge in prices. Furthermore, these conflicts often result in trade barriers as well, affecting the import and export of sugar free energy drinks and limiting their global market growth.

PET Bottles to Grow at Fastest CAGR in Market by Packaging Type

The PET bottles segment is expected to register growth at the fastest rate over the forecast period. PET packaging helps in lowering the product cost, making sugar free energy drinks more affordable and accessibility, particularly in price-sensitive markets such as India. Furthermore, bottle packaging improves the convenience and portability of sugar free energy drinks, which is attracting the consumers, driving the market. The other major packaging type segments in Global Sugar Free Energy Drinks Market include glass bottles and metal cans.

Asia Pacific to Lead Global Sugar Free Energy Drinks Market

The Asia Pacific region is projected to grow at a substantial rate in Global Sugar Free Energy Drinks Market during the forecast period. The changing lifestyle and increasing workforce in Asia Pacific countries has resulted in the surge in demand for energy drinks that provide instant energy boost. As a  result, industry players are launching new products and making them available through multi-brand retail outlets, which is driving Asia Pacific Sugar Free Energy Drinks Market.

Competitive Landscape

Global Sugar Free Energy Drinks market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Red Bull, Monster Energy, Rockstar, Celsius, Bang Energy, Zipfizz, ZOA Energy, Ghost Energy, Relentless Energy, NOS Energy, and C4 Energy.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in Global Sugar Free Energy Drinks Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Sugar Free Energy Drinks Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technological trends in Global Sugar Free Energy Drinks Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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