Sugar soft beverages contain sweeteners, herbal extract, water, taurine, amino acid, and several others. These may or may not be carbonated drinks. Such drinks also contain stimulant compounds that are usually marketed for offering physical and mental stimulation. These beverages are often referred to as full-fat drinks.
The global sugar soft beverage market is highly driven by a significant spike in the popularity of such drinks among teenagers. Also, there is a significant transformation in the consumption of beverages among consumers, and therefore it is likely to create several lucrative growth opportunities during the forecast period. The hectic lifestyle of people requires stimulants. Also, taurine is an essential compound needed for good cardiovascular function and skeletal muscle development.
Therefore, people are likely to take their hands on these drinks due to their growing awareness regarding their hectic lifestyle. These beverages are also a part of the status symbol, particularly among youth. Therefore, such consumer behavior is also likely to expedite market growth. These sugar soft drinks are known to protect heart health, mental health and reduce muscle fatigue. But scientific analysis and consensus are yet to support these statements. In addition, such beverages have become an integral part of the celebration, party and social gathering. All these scenarios will significantly accelerate the growth of the global sugar soft beverage market.
The global sugar soft beverage market can be segmented into the distribution channel, product, and region.
By distribution channel, the market can be segmented into online, retail, pharmaceuticals, supermarkets, convenience stores, and others.
By product, the market can be segmented into mixers, shots, and drinks.
North America accounts for the largest share in the global sugar soft beverage market due to the growing popularity of sugar soft beverages among millennials and teenagers in the region. Also, the inclusion of these drinks in social gatherings will accentuate the growth of the regional market.
Asia Pacific is likely to emerge as a significant region in the global market in the forthcoming years due to the growing disposable income of the people along with the high adoption of western culture in the region.
Some of the significant players in the global sugar soft beverage market are Rockstar, National Beverage, Dr Pepper Snapple Group, Arizona, Big Red, Vital Pharmaceuticals, Mons, Living Essentials Marketing, Red Bull, and Pepsico. To cite, PepsiCo Inc., in March 2020, signed an agreement to acquire Rockstar Energy Beverages. This will help PepsiCo Inc. make a debut in the UK energy drinks market.
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