Published on 9 Mar 2024 on Insider Monkey via Yahoo Finance

Alternatives to Celsius Drink: 10 Best Energy Drinks

In this piece, we are going to shed light on Alternatives to Celsius Drink: 10 Best Energy Drinks. In case, you want wish to skip the detailed analysis of the energy drink market, you can jump directly to Alternatives to Celsius Drink: 5 Best Energy Drinks.

The global energy drinks market was valued at USD 69.89 billion in 2023 and is expected to experience a 7.10% compound annual growth rate (CAGR) from 2024 to 2032, reaching USD 129.54 billion by 2032, per Expert Market Research. Energy drinks are characterized by their high levels of added sugars, caffeine, and stimulants like L-carnitine, taurine, and guarana.

Widely associated with a symbol of status, particularly among teenagers, the surge in demand for energy drinks is influenced by consumer behaviour and preferences. Urban consumers often combine energy drinks with alcohol, leading to a rise in popularity of alcoholic energy drinks, especially in developed markets like the United Kingdom, Australia, the United States, and Spain. Currently, China and Japan are leading the global market, with rapid growth observed in the United States, Brazil, and India among others.