Caffeinated Beverage Market To Witness Rapid Development

Caffeinated Beverage Industry

The global caffeinated beverage market size is expected to reach USD 361.72 billion by 2030, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 5.2% from 2024 to 2030. Rising demand for energy drinks and Ready-to-Drink (RTD) beverages is the key factor driving the market growth.

Moreover, rising income levels and improved standards of living in emerging regions, such as China and India, are anticipated to have a positive impact on the market growth. In addition, rapidly expanding e-commerce sector provides numerous growth opportunities to the market. North America is anticipated to be the largest regional market due to high demand for RTD beverages.

Moreover, companies in the region are introducing newer products and flavors, which will boost the demand further. The market in Asia Pacific region is estimated to expand at a CAGR of 8.12% over the forecast period. Key companies in this market focus on M&A, online sales, and expanding geographical reach and production capacity to gain a greater market share.

Gather more insights about the market drivers, restrains and growth of the Global Caffeinated Beverage market

Caffeinated Beverage Market Segments Highlights:

Based on product, the carbonated soft drinks segment accounted for the largest market share, more than 51.4%, in 2023.
The energy beverage segment is expected to experience the fastest CAGR of 7.9% during the forecast period.
The offline distribution segment dominated the global industry in 2023 based on distribution channels. The availability of branded products at convenience stores is anticipated to be the critical factor driving the segment's growth.
North America caffeinated beverage market dominated the market and accounted for a revenue of 37.3% in 2023.
Asia Pacific caffeinated beverage is expected to witness the fastest growing CAGR of 6.9% during the forecast period.

Caffeinated Beverage Market Report Segmentation

Grand View Research has segmented the global caffeinated beverage market on the basis of product, distribution channel, and region:

Caffeinated Beverage Product Outlook (Revenue, USD Million, 2018 - 2030)