Welcome to our blog post about energy drink sales statistics. In this post, we'll be taking a look at the latest trends in energy drink sales and discussing how these trends can help inform your business decisions.
We'll also be exploring the different types of energy drinks available and their respective sales figures. Finally, we'll be discussing the potential implications of these sales figures for the energy drink industry as a whole. So, let's get started.
Energy Drink Sales: The Most Important Statistics
The US market for the production of energy drinks is expected to reach $11.8 billion in 2023, growing at an average of 3.0% year on year.
Energy drink sales in the US have grown significantly in recent years, increasing from 11 billion US dollars in 2017 to 14 billion US dollars in 2021. In 2019, energy drinks accounted for 31% of packaged beverages sold in American convenience stores, with a 9% increase in sales volume between 2018 and 2019.
Energy Drink Sales: Statistics Overview
Global energy drink sales are estimated to reach $53.1 billion by the end of 2022 and are expected to grow by 7.2% between 2022 and 2027.
This shows the potential growth of the energy drink industry over the next five years.
This growth is attributed to rising incomes, urbanization, and an increase in health and wellness consciousness, which highlights the potential for energy drink companies to capitalize on these trends and increase their market share.
The Global Energy Drinks Market is projected to reach US$ 80 billion by 2028, with a CAGR of ~8%.
The demand for energy drinks is increasing, likely due to the need for potential energy boosters and the introduction of new energy drinks with different tastes.
This information is useful for companies in the energy drinks industry, as it provides insight into the potential growth of the market and the need for new products.
The US market for the production of energy drinks is expected to reach $11.8 billion in 2023, growing at an average of 3.0% year on year.
This provides an indication of the potential growth of the industry and the size of the market. It also provides insight into the potential for further growth in the future.
This information can be used to inform decisions about investments in the industry, as well as to help companies plan for the future.
Energy drink sales in the US have grown significantly in recent years, increasing from 11 billion US dollars in 2017 to 14 billion US dollars in 2021. In 2019, energy drinks accounted for 31% of packaged beverages sold in American convenience stores, with a 9% increase in sales volume between 2018 and 2019.
This statistic matters because it shows the increasing popularity of energy drinks in the US, and the significant contribution they make to the overall sales of packaged beverages in American convenience stores.
The Energy Drinks market in South Africa registered a positive CAGR of 15.96% from 2015 to 2020, with a sales value of ZAR 11,343.94 Million in 2020.
This provides insight into the growth of the Energy Drinks market in South Africa, as well as the performance of the top brands. It also provides information about the distribution channel sales analytics from 2017-2020, which can be used to inform marketing and sales strategies.
The energy drinks market in South Africa registered an annual growth rate of 26.89% from 2013 to 2018, and is projected to witness a compound annual growth rate of 3.9% from 2020 to 2025.
The energy drinks market in South Africa is growing rapidly, and is expected to continue to grow in the coming years. This indicates that energy drinks are becoming increasingly popular in South Africa, and that there is potential for further growth in the market.
The market for energy drinks in the United Kingdom is projected to grow at a CAGR of 4.5% over the forecast period (2022-2027), largely due to consumers' growing awareness of the need for a healthy lifestyle and the benefits of energy drinks over sugary, carbonated non-energy drinks.
The market for energy drinks is growing and that companies such as Red Bull are seeing increased sales as a result.
Red Bull was the leading energy drink brand in the UK in 2022, generating 432 million British pounds in sales, while the leading competitor, Lucozade Energy, generated 305 million British pounds.
This provides insight into the energy drink market in the UK, showing that Red Bull is the leading brand and that there is a significant gap between it and its competitors in terms of sales revenue.
This information can be used to inform decisions about marketing and pricing strategies for energy drinks in the UK.
The global market for energy drinks is expected to expand at a compound annual growth rate of 8.1% through 2030, currently estimated to be worth over $68 billion (USD) and projected to grow to $98.8 billion by 2032, with almost 50% of all consumers being millennials.
The energy drink market is growing rapidly and is being driven largely by millennial consumers. This indicates that energy drink companies should focus their marketing efforts on millennials in order to capitalize on this growth.
North America and Asia-Pacific contributed 56.6% of the global energy drinks market in 2020, and the Asia-Pacific region is expected to grow at the highest CAGR of 8.8%.
This highlights the two regions that are currently dominating the energy drinks market and the region that is expected to experience the highest growth in the future.
This information is important for companies that are looking to invest in the energy drinks market, as it provides insight into the regions that are most likely to experience the highest growth in the coming years.
Conclusion
In conclusion, energy drink sales statistics show that energy drinks are a popular choice among consumers. The industry is growing rapidly and is expected to continue to do so in the future.
Despite the potential health risks associated with energy drinks, the industry is still booming and is likely to remain so in the foreseeable future.
References
1 - https://www.investopedia.com/articles/investing/022315/energy-drinks-industry.asp
2 - https://www.businesswire.com/news/home/20221227005133/en/Global-Energy-Drinks-Market-Size-Segments-Outlook-and-Revenue-Forecast-2022-2028---ResearchAndMarkets.com#:~:text=Global%20Energy%20Drinks%20Market%20is,improves%20physical%20and%20cognitive%20performance.
3 - https://www.ibisworld.com/industry-statistics/market-size/energy-drink-production-united-states/
4 - https://www.statista.com/statistics/558022/us-energy-drink-sales/
5 - https://www.marketresearch.com/GlobalData-v3648/Energy-Drinks-Soft-South-Africa-30279968/
6 - https://mg.co.za/business/2022-02-17-energy-drinks-flourish-amid-health-fears/
7 - https://www.researchandmarkets.com/reports/4827999/united-kingdom-energy-drink-market-growth
8 - https://www.statista.com/statistics/1193635/leading-energy-drink-brands-retail-sales-revenue-uk/
9 - https://foodinstitute.com/focus/surge-of-energy-energy-drinks-market-overflowing/#:~:text=The%20global%20energy%20drinks%20market,to%20Acumen%20Research%20and%20Consulting.
10 - https://www.alliedmarketresearch.com/energy-drink-market
