Asia-Pacific Energy Drink Market Trends, Growth Rate, Consumption By Regional Data And Forecast 2022-2031
The Asia-Pacific energy drinks market was valued at USD 13,793.02 million in 2020, and it is estimated to register a CAGR of 8.46% during the forecast period (2022-2031). The governments in the region have proactively responded to the situation to control the spread of COVID-19 through proper awareness, and efforts have been made to provide staples to all sections of the society in these disturbing times. This factor has rescued the energy drinks market from a huge crash. Thus, the market witnessed a surge in demand for products that provide immunity. Wunderman Thompson South Asia found that 94% of respondents from 32 cities in 15 states claimed that everyone in their home needed an immunity boost. The e-commerce platform Snapdeal claimed that a third of its users were buying safety and immunity-focused food and products. Increased urbanization, rising disposable income, and growing health consciousness among consumers contribute to the rising demand for non-carbonated drinks acro...