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CBD Market Size

ID: MRFR//6618-CR | 104 Pages | Author: Rahul Gotadki| February 2021

CBD Market Growth Projections and Opportunities

This market is split into different categories based on the type of product, where it's sold, and the region. The types of products are Drinks, Shots, and Mixers, and they can be either Conventional or Organic. Where they are sold is divided into On-trade (like bars and restaurants) and Off-trade (like supermarkets). The main regions in focus are North America, Europe, Asia Pacific, and the rest of the world.
Some big names in the global Energy Drinks market include Red Bull, Taisho Pharmaceutical Co. Ltd., PepsiCo. Inc., Monster Energy, Lucozade, The Coco-Cola Company, AriZona Beverages USA, Living Essentials LLC, Xyience Energy, and more. These companies are expected to stay competitive by regularly coming up with new ideas and expanding the types of products they offer, adapting to what consumers want.
Energy drinks, which use ingredients like caffeine, taurine, guarana, ginseng, and B vitamins to promise more physical and mental energy, are quite popular. But even though a lot of people are interested in getting more energy, these drinks have mostly been targeted at teenagers and young adults. To attract new customers, major energy drink brands are trying out new flavors. For example, Red Bull has a Coconut Edition, Rockstar has a Marshmallow Recovery, and Coca-Cola Energy has shown that cola flavor can work for energy drinks. Bang is leading the way with a variety of creative flavors like Birthday Cake Bash, Key Lime Pie, Champagne, and Frosé Rosé. Brands are also responding to the demand for healthier options by making sugar-free and calorie-free energy drinks. This is good for athletes and people watching their weight, as well as gamers who want to avoid a sugar crash. Red Bull, Monster, and Rockstar have all come out with sugar-free and calorie-free versions, signaling a new direction for the industry.
Monster has introduced the Java Monster line, which is a mix of ready-to-drink beverages for coffee lovers. These drinks have coffee, milk, and cream, along with the usual energy drink ingredients. Flavors like Kona Blend, Mocha, French Vanilla, and Farmer's Oats are available. Starbucks Doubleshot Energy Coffee is a competitor in this category. Sports nutrition is also becoming important for energy drink brands, with more companies adding ingredients for performance and recovery, like protein and amino acids. Monster's Muscle Monster Energy Shake has 27 grams of protein from milk protein concentrate, while Monster Hydro Super Sport has BCAAs, calcium, magnesium, and extra caffeine. Bang energy drinks also contain BCAAs, EAAs, and creatine. Powerade's Ultra is an example of a product that combines sports nutrition and energy drinks infused with creatine, BCAAs, B vitamins, and extra electrolytes. It looks like a sports drink, but the addition of creatine and BCAAs makes it stand out for sports performance.
Another area of innovation is energy drinks made specifically for gamers. These drinks use functional ingredients associated with improved focus, reaction time, vision, and cognitive support. Ingredients like caffeine, lutein, choline, Bacopa monnieri, sage, and L-theanine are commonly found in these products. Having low or no sugar is important, and claiming to have "no crash" is a popular selling point.

Covered Aspects:
Report Attribute/Metric Details
Market Size Value In 2022 USD 18.43 Billion
Market Size Value In 2023 USD 21.31 billion
Growth Rate 17.9% (2022-2032)
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