NEW YORK, May 7, 2021 /PRNewswire/ --
The energy drinks market in Latin America is expected to grow by USD 3.98 billion, progressing at a CAGR of over 12% during the forecast period.
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NEW YORK, May 7, 2021 /PRNewswire/ --
The energy drinks market in Latin America is expected to grow by USD 3.98 billion, progressing at a CAGR of over 12% during the forecast period.
Download Free Sample Report in MINUTES
The strengthening distribution network and collaborations, improving disposable income and consumer expenditure due to rising urbanization, and the emergence of low- and medium-priced energy drinks in Latin America are some of the major factors propelling the market growth. However, factors such as negative health effects associated with consumption of energy drinks, increasing demand for substitute products, and stringent regulations and government interventions will hamper the market growth.
More details: https://www.technavio.com/report/energy-drinks-market-size-in-latin-america-industry-analysis
Energy Drinks Market In Latin America: Product Landscape
Sparkling energy drinks constituted the larger segment in 2020. The high popularity of energy drinks among young consumers, athletes, and sportspersons has catapulted the sales momentum in the market.
Energy Drinks Market In Latin America: Geographic Landscape
By geography, Brazil is going to have lucrative growth during the forecast period. About 48% of the market's overall growth is expected to originate from Brazil. The rising adoption of natural ingredients in energy drinks will significantly influence energy drinks market growth in Latin America.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Report: https://www.technavio.com/report/energy-drinks-market-size-in-latin-america-industry-analysis
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