Sri Lanka Energy drinks Market Forecast(2022 - 2027)
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Sri Lanka Energy Drinks Market size was estimated at 421.5 million in 2020, projected to grow at a CAGR of 5.4% during the forecast period 2021-2026. The growing health consciousness and rising awareness towards wellness products are expected to drive Sri Lanka Energy Drinks Industry. Energy Drinks contain amino acids, Sweeteners and herbal extracts, among other things. Sports drinks, on the other hand, are used to replenish electrolytes and water during or after physical exercise. They're also distinct from tea and coffee, which are brewed, have fewer ingredients, and decaffeinated. Manufacturers of energy drinks say that their products increase energy levels. One of the primary reasons for their growing popularity is that energy drinks provide instant energy as well as mental and physical stimulation. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • Sports drink use aids in the health of nerve cells and red blood cells. Energy drinks, which include vitamin B6, assist to improve the neurological system, immunity, and cardiovascular functions of the body. • According to the World Health Organization, increased consumption of energy drinks jeopardize public health, particularly among the young. Energy drinks are expected to grow in popularity as people seek for beverages that help them regain their energy. • On the other side, the high caffeine content of energy drinks has had a detrimental impact on customers' health. As a consequence of these reasons, demand for energy drinks is expected to remain constant in the market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Based on Product Type, Sri Lanka Energy Drinks market is segmented into Alcoholic and Non-Alcoholic. Non-Alcoholic Segment is accounted for the largest revenue market share in 2020. Nonalcoholic beverages increase energy levels through enhancing physical and cognitive function. Furthermore, caffeine in nonalcoholic energy drinks increases alertness, improves memory, and improves mood. This is owing to the fact that nonalcoholic energy drinks have gone from being a niche product category to one of the fastest expanding product categories in the industry over the last few years. During the forecast period, the nonalcoholic energy drinks category is expected to develop owing to a rise in popularity among teens and an increase in health consciousness. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Sri Lanka Energy Drinks Market Industry Outlook • Coca-Cola Company • Monster Beverage Corporation • Red Bull • Arizona Beverage Company
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Sri Lanka Energy drinks Market - Forecast(2022 - 2027) Learn More About the Report
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