According to the latest research by Future Market Insights, the plant-based energy drink market is set to witness steady growth during 2021-2031. Demand for the plant-based energy drink will witness steady recovery because these energy drinks contain calcium, which aids in bone health and make them strong. Thus, its nutritional content will surge its market in the coming years.
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What is Driving the Demand for a Plant-Based Energy Drink?
The demand for plant-based energy drinks is expected to be driven by a rise in people’s understanding of fitness and an increasing number of health-conscious consumers. Consumers are started following different diets, such as keto and vegan, and physical training, such as gyms, to improve their health. This change is mostly due to an increase in sedentary occupations and busy lifestyles. Also, the consumption of plant-based energy drinks improves the nutritional balance of the body.
Key Factors which will Drive Sales of Plant-Based Energy Drink
Plant-based ingredients are the most natural source of nutrients and have many health benefits as opposed to synthetic or chemical-based ingredients. Thus, these factors will help in driving the sale of plant-based energy drink.
Also, plants have become a more common source of protein, manufacturers have been urged to create protein-rich, healthier plant-based energy drinks, which is expected to propel the plant-based energy drink market forward. The use of plant-based and herbal ingredients in energy drinks is fueling the market’s growth.
The consumption of energy drinks has increased dramatically among the young generation, but the energy drinks currently available on the market contain caffeine, which has its own set of side effects, leading to an ongoing quest for caffeine substitutes and effective compounds to use in energy drinks. Plant-based ingredients are used to substitute caffeine in energy drinks as flavouring and seasoning agents and this will help in increasing its sale in the coming years.
Who are the Key Manufacturers of the Plant-Based Energy Drink
Some of the key market players involved in the plant-based energy drink market are
- Teariot
- PepsiCo
- Garden of life
- Vital Proteins Collagen Energy Shots
- Runa Energy Drink
- Red Bull
- Nature’s Plus
- Toro Matcha Sparkling Ginger drink
- Guayaki Yerba Mate
- MatchaBar Hustle Matcha Energy
- Monster Beverages
- Hansen Natural Corporation
- Others.
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Key market players are looking for new opportunities in the global beverage industry. Also, they are focusing on enhancing product quality through research, development and innovation, and providing beverage manufacturers with a diverse range of energy drinks.
A key market player like Teariot have introduced plant-based energy drink in various flavours to meet the demand of the consumers and providing them with a variety of flavours so they do not depend on a single flavour.
Who are the Key Manufacturers of the Plant-Based Energy Drink
Some of the key market players involved in the plant-based energy drink market are
- Teariot
- PepsiCo
- Garden of life
- Vital Proteins Collagen Energy Shots
- Runa Energy Drink
- Red Bull
- Nature’s Plus
- Toro Matcha Sparkling Ginger drink
- Guayaki Yerba Mate
- MatchaBar Hustle Matcha Energy
- Monster Beverages
- Hansen Natural Corporation
- Others.
Plant-Based Energy Drink Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Plant-Based Energy Drink Market Segmentation
On Type:
- Organic
- Natural
On End-User:
- Kids
- Teenagers
- Adults
On Distribution Channel:
- Supermarket/Hypermarket
- E-commerce
- Grocery Stores
- Convenience Stores
On Packaging Type:
- Bottles
- Cans
- North America (The U.S, Canada and Mexico)
- LAMEA (Brazil, Argentina and Rest of LAMEA)
- Europe (Germany, France and France)
- Asia Pacific (India, China, Japan and Australia)
- The Middle East & Africa
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