MarkNtel Advisors presents a comprehensive research report on theGCC Energy Drinks MarketSize, Share, Analysis, Future expected to reach CAGR of 2.17% by 2028.Delving into a thorough analysis of the industry's changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.
Unlocking Market Insights: Exploring Key Aspects in the GCC Energy Drinks Market Report (2023-2028)
- It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
- The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
- Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
- To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
- The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.
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Market Dynamic
Significant Driver: Rising Population of Expatriates Tourists
The rising population of expatriates tourists has been contributing to the growing demand for energy drinks during the historical period. Several countries, including Saudi Arabia and the UAE, have hosted international conferences and events, which have contributed to the influx of tourists. Hence, restaurants general stores have been stocking up on these drinks for tourists consumption.
Additionally, the ban on alcoholic drinks in the GCC region has further augmented the need for these drinks as a beverage consumption in commercial places like restaurants, cafes, etc. Therefore, an increasing number of tourists expatriates is expected to drive demand for these drinks during the forecast period.
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.
Thecompetitive landscape of the Europe Probiotic Supplements Marketdepicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market's competitive landscape.
-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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Segmentation Unveiled: Analyzing GCC Energy Drinks Market's Expansion and Mapping Demand, and Distribution across Geographies
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
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On the geographical front, the GCC Energy Drinks Market expands across:
By Country
-The UAE
-Saudi Arabia
-Oman
-Kuwait
-Bahrain
-Qatar
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