The beverage industry is undergoing a non-alcoholic revolution as more and more Americans are cutting down their alcohol consumption. According to the International Wines and Spirits Record (IWSR) analysis, global alcohol consumption drastically declined in 2020 while the low- and the non-alcohol market continues to grow, with consumption anticipated to increase 31% in volume 2024.
Rise in adoption of western culture and the growing youth population is expected to drive the demand for Saudi Arabia Energy Drink market in the forecast period. According to TechSci Research report, “Saudi Arabia Energy Drink Market By Type (Sugar Vs Non-Sugar) By Packaging (Bottle, Can, Others) By Distribution Channel (Offline, Online), By Region, Company Forecast & Opportunities,
Growing preference for caffeine-based drinks, increasing disposable income of consumers, and rising health consciousness among consumers are driving the growth of energy drinks globally. According to TechSci Research report, “Global Energy Drink Market By Product Type (Non-Organic Drink, Organic Drink), By Target Customers (Adults, Teenagers, Geriatric Population), By Distributional Channel (Store-Based, Non-Store Based) By Region Competition, Forecast & Opportunities,