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North America Energy Drinks Market Forecast 2019-2027

The North America energy drinks market held the largest market share as of 2018, and is estimated to record a CAGR of 7.17% during the forecast period. The positive perception towards energy drinks, and the increasing demands from athletes and young adults due to reasons varying from enhanced performance to increased alertness, are the factors propelling the market growth.

The North America energy drinks market is assessed through the markets present in the regions of the United States and Canada. The energy drinks are used as a substitute for caffeine beverages, coffee, and carbonated soft drinks. The rising popularity of sports in the United States has resulted in a platform for huge promotions of various brands, all of which help the growth of the market in the region. Another factor that is influencing the market is the rising demand for more organic drinks, which has resulted in the companies offering drinks with functional benefits, thus increasing its popularity. The high level of competition, and the subsequent product launches and promotional activities, is impacting the Canadian market growth. However, the regulations put forth by concerned authorities, from the point of view of health benefits, is estimated to impact the sales of energy drinks in the market.

The domestic companies in the market are sustaining themselves in the market, along with the imported brands making their way into the market. Some of the major players in the market are National Beverage Corp., Pepsico Inc., Monster Beverage Corp., The Coca-Cola Company, Dr Pepper Snapple Group, Inc., Red Bull, etc.

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North America Energy Drinks Market Forecast 2019-2027
Published By :Inkwood Research
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