MarkNtel Advisors has released a research report on the GCC Energy Drinks Market Size, Share, Analysis, Research, Report 2028. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.
GCC Energy Drinks Market Insights:
The GCC Energy Drinks Market is expected to grow at around 2.17% CAGR during the forecast period, i.e., 2023-28.
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Key Trend: Increasing Adoption of Sugar-free Energy Drinks
Countries like the UAE, Saudi Arabia, and Kuwait observed growing health consciousness among their citizens owing to rising cases of diabetes & other sugar-related diseases in recent years. Increasing health consciousness has also propelled energy drink companies to launch sugar-free alternatives in the market. Hence, sugar-free energy drinks have gained momentum in the past few years as a substitute for conventional energy drinks. In 2020, the UAE launched its brand energy drink, named Dubai Energy drink, a sugar-free drink containing nutritional vitamins to supplement mental & physical wellness. Additionally, there is a growing trend to switch to such drinks in the future, which would drive market growth.
Possible Restraint: Growing Concerns Regarding High Sugar Content to Impede Market
There is a high demand for energy drinks because they contain natural sugar, which gives the body a boost of energy. However, because of high sugar content, people have developed a negative perception of energy drinks, owing to growing diabetes cases in the region. For instance, in 2021, the UAE had one of the highest rates of diabetes in the world, at 16.3%. Hence, the requirement for these drinks may weaken due to negative perceptions.
In addition, the majority of the population in the GCC region is young & increasingly becoming conscious of their nutritional intake. Thus, having high sugar content in the energy drink would be a constraint for the Energy Drink market growth in the coming years.
Leading Companies Operating in the GCC Energy Drinks Industry:
-Monster Beverage Corporation
-Red Bull GmbH
-Power Horse Energy Drinks GmbH
-Pokka Corporation
-Energy Beverages LLC
-Dubai Star Food LLC
-Mayar Bison
-Pepsi Energy Co. (Rockstar Brand)
-Alesayi beverages corporation (Code Red)
-MBG Group (Effect)
-Boom Boom Energy Drink
-Others
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GCC Energy Drinks Market Categorization:
The GCC Energy Drinks Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:
By Flavour
-Flavoured
-Unflavoured
By Sugar Content
-Sugar-Free
-Non Sugar-Free
By Target Consumer
-Teenagers
-Adults
-Geriatric Population
By Product Type
-Hypertonic
-Isotonic
-Hypotonic
By Packaging
-Metal cans
-Bottles (PET /Glass) & Others
By Distribution Channel
-Supermarket & Hypermarkets
-Convenience store
-Online Retail
-Others
By Country
-The UAE
-Saudi Arabia
-Oman
-Kuwait
-Bahrain
-Qatar
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Frequently Asked Questions (FAQs)
- How are cost and profit estimations evolving within the GCC Energy Drinks Industry?
- How do factors such as supply and consumption contribute to the industry landscape?
- How do import and export considerations influence the dynamics of the GCC Energy Drinks Industry?
- Which technological advancements are expected to influence the future of the GCC Energy Drinks Market?
- Who are the prominent players featured in the GCC Energy Drinks Market research report?
- What are the projected valuations in USD, and what is the CAGR for the forecasted years?
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