GCC Sports Drinks Market: Industry Trends, Size, Share, Growth, Opportunity, Regional Outlook and Competitive Analysis 2033
The beverages containing stimulant compounds, for the most part caffeine, which give mental and physical stimulation are named as energy drinks. There is rising adoption of these beverages among youngsters and grown-ups to support their psychological mindfulness and diminish exhaustion is a key element prompting a flood in the deals of energy drinks. The rising drives of the public authority of the UAE and Saudi Arabia, among others, to boycott the utilization of liquor out in the open spaces like shopping centers, arenas, and so on, prompted the rising reception of these beverages among the occupants due to the presence of high caffeine content in the beverage.
According to SPER Market Research, ‘GCC Energy Drinks Market Size- By Product Type, By Type, By Distribution Channel, By Application, By Packaging, By Ingredients, By End User, – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’states that the GCC Energy Drinks Market is estimated to reach USD XX billion by 2033 with a CAGR of 2.38%.
Drivers: The rising populace of expatriates and sightseers has been adding to the developing interest for caffeinated drinks during the historical period. A few nations, including Saudi Arabia and the UAE, have facilitated global meetings and occasions, which have added to the influx of travellers. Subsequently, restaurants and convenience stores have been loading up on these beverages for tourists’ consumption. Additionally, the restriction on cocktails in the GCC district has additionally expanded the requirement for these beverages as a refreshment utilization in business places like cafés, bistros, and so on. Consequently, a rising number of tourists and expatriates is supposed to drive interest for these beverages during the estimate time frame.
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Restraints: There is a popularity for energy drinks since they contain natural sugar, which provides the body with an increase in energy. Nonetheless, in view of high sugar content, individuals have fostered a negative impression of energy drinks, inferable from developing diabetes cases in the region.Hence, the prerequisite for these beverages might debilitate due to negative perceptions.In expansion, most of the populace in the GCC district is youthful and progressively becoming aware of their nutritional intake. In this way, having high sugar content in the energy drink would be a requirement for the Energy Drink market development in the coming years.
The Coronavirus pandemic fundamentally influenced the GCC energy drinks market, making a temporary decay due to lockdowns, diminished outside exercises, and disturbed supply chains. Notwithstanding, the market immediately bounced back as wellbeing and wellness patterns flooded, driving interest for useful drinks. Expanded center around wellbeing and resistance helped the prominence of energy drinks with added nutrients and regular fixings. Variation to web- based business and online retail additionally upheld market recuperation and development.
The UAE dominates the GCC Energy Drinks Market as the region is having a high disposable income, large proportion of young people,highly urbanized and a significant number of tourists and expatriates.
Top Major players in the market are:
- Alesayi Beverages Corporation (Code Red)
- Boom Boom Energy Drinks
- Dubai Star Food LLC
- Energy Beverages LLC
- Mayar Bison
- MBG Group (Effect)
- Monster Beverage Corporation
- Pepsi Energy Co. (Rockstar Brand)
- Pokka Corporation
- Power Horse Energy Drinks GmbH
GCC Energy Drinks Market includes Segments:
By Product Type:
- Alcoholic
- Non- Alcoholic
By Type:
- Organic
- Inorganic
By Distribution Channels:
- Supermarkets and Hypermarkets
- Speciality Stores
- Convenience Stores
- Online Stores
- Others
By Application:
- Before Exercise
- Recovery
- During Exercise
By Packaging:
- Metal Cans
- Bottles (PET/ Glass)
- Others
By Ingredients:
- Taurine
- Caffeine
- Guarana
- Vitamin B
- L-Carnitine
- Antioxidants
- Others
By End- User:
- Kids
- Adults
- Teenagers
For More Information, refer to below link –
GCC Energy Drinks Market Share
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