Alternatives to Celsius Drink: 10 Best Energy Drinks

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In this piece, we are going to shed light on Alternatives to Celsius Drink: 10 Best Energy Drinks. In case, you want wish to skip the detailed analysis of the energy drink market, you can jump directly to Alternatives to Celsius Drink: 5 Best Energy Drinks.

The global energy drinks market was valued at USD 69.89 billion in 2023 and is expected to experience a 7.10% compound annual growth rate (CAGR) from 2024 to 2032, reaching USD 129.54 billion by 2032, per Expert Market Research. Energy drinks are characterized by their high levels of added sugars, caffeine, and stimulants like L-carnitine, taurine, and guarana.

Widely associated with a symbol of status, particularly among teenagers, the surge in demand for energy drinks is influenced by consumer behaviour and preferences. Urban consumers often combine energy drinks with alcohol, leading to a rise in popularity of alcoholic energy drinks, especially in developed markets like the United Kingdom, Australia, the United States, and Spain. Currently, China and Japan are leading the global market, with rapid growth observed in the United States, Brazil, and India among others.

Energy drinks compete vigorously with other non-alcoholic beverages, representing a significant portion (16% to 18%) of the overall non-alcoholic beverage sector. Ready-to-drink teas and sodas are primary contenders, with high caffeine and antioxidant content presenting stiff competition. Energy shots have emerged as a recent trend, gaining momentum in emerging economies and driven by increased demand in key markets like the UK and the US, fueling the growth of the energy drinks industry.

The energy drinks industry consists of some big names who are amongst the pack that is leading the industry. Before we head on to our list of Alternatives to Celsius Drink: 10 Best Energy Drinks, we will now look at some of such market players; namely, we are going to look at PepsiCo, Inc. (NASDAQGS:PEP), Monster Beverage Corporation (NASDAQGS:MNST) and National Beverage Corp. (NASDAQGS:FIZZ).

PepsiCo, Inc. (NASDAQGS:PEP)

PepsiCo, Inc. (NASDAQGS:PEP), a prominent American multinational corporation based in Harrison, New York, took a significant step in acquiring Celsius Holdings in August 2022, marking a strategic move in the energy drinks industry. This acquisition, accompanied by a substantial $550 million investment, positioned PepsiCo as a major player in the market, complementing its existing energy drink portfolio that includes brands like Rockstar and Mtn Dew Energy.

In the fourth quarter ending 31 December 2023, PepsiCo reported a net income of $1.3 billion, translating to 94 cents per share, an increase from the previous year's figures. Adjusted earnings stood at $1.78 per share, showcasing the company's resilience amid market fluctuations. However, net sales experienced a slight decline of less than 1%, amounting to $27.85 billion, marking the first such dip since 2020, underscoring the challenges faced by the company in the current economic landscape.