Beverage & Drink

Europe Energy Drink Market Analysis, Application & Forecast to 2021-2026

Bharat Book Bureau Provides the Trending Market Research Report on “Europe Energy Drink Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026) “under  Food & Beverage Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Europe energy drink market is projected to grow at a CAGR of 3.8% during the forecast period (2021-2026).

The onset of COVID -19 pandemic drifted the need for take home, and larger quantity products format instead of on-the-go energy drinks formats, this factor was witnessed by 65.5% and 45.7% growth rate of the Monster Green and Monster Ultra White take-home four-packs respectively as stated by Coco-Cola European Partners, due to alteration in working environments meant an increased preference for products that aid concentration and focus. Therefore this factor increased the market size of energy drinks in Europe during the year 2020.

Over the medium term, the energy drink market is one of the fastest-growing beverages markets in Europe as consumers in the market are looking for healthier beverage options, which is the major factor for the growth of the energy drink market in the region. The larger inclination of the younger population towards the consumption of energy drinks and the improving living standards of the people in the region are some factors driving the energy drinks market.

Additionally many major manufacturers of energy drinks are spending high capital on advertising, thus making their brand and the product more popular.

Key Market Trends United Kingdom Remains a Prominent Market in the Region

Consumers in the United Kingdom are health conscious and prefer natural ingredients in their energy drinks, leading to the introduction of new products and innovations in ingredients, thus augmenting the market growth in the country. Major brands like Monster, Red Bull, PepsiCo, and Coca-Cola are inclined toward launching new flavors, such as Lucozade Sports Mango and Passionfruit, Relentless Mango Ultra etc. Moreover, in the United Kingdom, energy drinks are mainly consumed by adolescents to improve their endurance and performance. Long and erratic working hours and social gatherings are the reason for the increased consumption of energy drinks among youth. Increased product promotions are also supposed to attract many customers in the country thus, driving the market further.

Rising Demand for Energy Drinks from the Younger Population?

The major share of 65% of the population in Europe ranges between 15 to 64 years of age. This changing lifestyle of consumers with hectic lifestyles is making the category of energy drink more popular among this age group and is driving the growth of the market studied in the region.?

There has been an increase in the party culture in younger population, which has made the usage of energy drinks very common. These energy drinks are used to blend with other alcoholic beverages, thereby driving the growth of the market studied over the forecast period. ?Also, the younger generation of the population (20-30 years age) remains largely affected by the fitness trend that is popular all across the world. The youth in the region are engaging in physical fitness activities, thus augmenting the sales of non-alcoholic beverages like energy drinks.?

The younger generation in the region is very active on social and mass media platforms, which has made the product category one of the most renowned beverage categories, hence driving the sales of energy drinks in the region.

Competitive Landscape

Europe energy drinks market is a highly competitive market with the presence of various small and large regional and global players. Major players involved in the production and distribution of energy drinks in the region are making strategic innovation to attract consumers with new flavor formulations. Major players in the market are Red Bull, Monster, The Coca-Cola Company, PepsiCo, etc.

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https://www.bharatbook.com/report/662530/europe-energy-drink-market-growth-trends-covid-impact-and-forecasts



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