The Saudi Arabia Energy Drinks Market size is valued at USD 426 million in 2022 is estimated to grow at a CAGR of around 4.93% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Saudi Arabia Energy Drinks Market
Saudi Arabia Energy Drinks Market Driver: Inclination of Individuals Towards Fitness Sports-Based Activities Due to Increasing Obesity Disorder
In Saudi Arabia, the number of fitness enthusiasts has been constantly rising, many individuals have adopted a healthy fitness regime and have included extensive workouts in their regular practice. This has been mainly attributed to the rising instances of obesity and its related disorders among consumers across the country. Hence, the consumption of energy drinks improved among consumers adopting fitness activities, as these individuals have to maintain an optimal level of energy to perform the workout.
Further, in the coming years as well, more individuals are expected to switch to a healthy lifestyle and are expected to adopt workouts different forms of exercise. This would be mainly to curb the obesity lifestyle-related health issues which are highly prevalent in the country.
For instance, in 2023, the Global Obesity Observatory stated that nearly 60% of the country’s adult population is either obese or overweight.
Hence, this would boost the consumption of energy drinks like Code Red, Monster, etc., and would lead to the growth of the Saudi Arabia Energy Drinks Market during 2023-2028.
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Scope of the Report and Saudi Arabia Energy Drinks Market Segmentation
By Product Type
-Hypertonic
-Isotonic
-Hypotonic
By Flavor
-Flavored
-Unflavored
By Sugar Content
-Sugar-Free
-Non Sugar-Free
By Target Consumer
-Teenagers
-Adults
-Geriatric Population
- Of the above-mentioned target customer base, the adult segment holds a significant share of the market.
By Packaging
-Metal Cans
-Bottles (PET /Glass) Others
By Distribution Channel
-Offline Channel
--Hypermarket/ Supermarket
--Convenience Stores
-Online Channel
Top leading companies in the Saudi Arabia Energy Drinks Market includes:
ALJSR Global Co., Monster Beverage Corp., Redbull GmbH, Spitz GesmbH, Agro Food Beverage, Torgini Gahansson Maggic House, Coca-Cola Company, Pepsi Energy Co., Alesayi Beverage Corporation (Code Red), Abuljadayel Beverages Industries Llc., Health Water Bottling Co., Others.
For more detailed information about the Saudi Arabia Energy Drinks market report, click here – https://www.marknteladvisors.com/research-library/latin-america-smart-metering-market.htm
Geographical analysis:
Central
East
West
South
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