Mexico Energy Drinks Market Outlook (2018 to 2032)
Synopsis
The above chart is Mexico Energy Drinks Market Outlook (2018 to 2032)
Market Dynamics
The market for energy drinks in mexico has seen rapid growth in recent years, with increased demand fueled especially by younger customers who are more health-conscious and willing to try new products. this has led to an increase in investments from global beverage companies, including red bull, coca-cola, pepsi, and monster, among others. according to a recent market study, mexico's energy drinks market was worth approximately us $2.5 billion in 2018 and is projected to reach us $5.3 billion by 2032, registering a compound annual growth rate (cagr) of 7.9%. in mexico, energy drinks are often favored by young adults. additionally, while traditionally having a higher male penetration rate, the market is becoming increasingly popular among female consumers as well. as the drinks are more affordable than most other beverages, they have gained increased traction as an alternative to expensive alternatives and continue to grow in popularity. the demand for energy drinks in mexico is expected to remain strong in the coming years. as per a market research report, healthy living is becoming a priority among the mexican population, thus creating increased demand for products claiming to offer more energy and better health benefits. moreover, as these drinks are viewed as less of a health concern than other traditional beverages, they are also increasing in popularity among a younger demographic. as mexican consumers become more health-conscious, sales of energy drinks are likely to continue to grow. in terms of brands, mexican energy drinks consumers generally prefer those backed by a bigger international company. companies like red bull, coca-cola, pepsi, and monster have a strong presence in this market and compete with independent brands for market share. additionally, the market also includes smaller players such as burn, zonter, and burning up, as well as niche products such as red star, among others. in conclusion, the growth of mexico’s energy drinks market in 2018 and the projected growth in the coming years demonstrate the expanding presence and increasing popularity of the category. driven by health-conscious consumers and a growing demand from younger demographics, mexico’s energy drinks market is expected to reach us$5.3 billion by 2032, registering a cagr of 7.9%.
