Artificial Intelligence
Energy Drinks Market to Surpass US$ 98.8 Bn by 2032, Fueled by Greater Focus on Health & Fitness – Future Market Insights, Inc.
NEWARK, Del, July 21, 2022 (GLOBE NEWSWIRE) — The global energy drink market is anticipated to reach a value of US$ 68.1 Bn in 2022, with sales growing at a healthy CAGR of 7.0% over the forecast period of 2022-2032. The market is estimated to reach US$ 98.8 Bn by 2032. Increasing popularity of energy drinks coupled with a wide variety of products offered in the market and growing consumer base are factors that will presumably boost the market over the forecast period.
Energy drinks are part of the soft drink or non-alcoholic beverage market which is composed of bottled water, fruit and vegetable juices, carbonated drinks, sports drinks, caffeinated beverages, ready-to-drink tea and coffee, non-carbonated packaged drinks, and many other functional beverages. Though energy drinks ingredients vary from product to product, the main ingredients in these energy drinks are sugar and caffeine. Sugar acts as a source of energy while caffeine is a stimulant that increases alertness and energy.
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The market for energy drinks driven by a large consumer base- comprised of all ages- and growing focus on health and fitness. Natural energy drinks that are extracted and directly sold to consumer are gaining traction among fitness enthusiasts while sports energy drinks are popular among e-sports players and gamers. Energy drinks market is primarily driven by a “demand for more” – consumers are eager to experiment and interested in gaining a multi-sensory drinking experience.
“Growing adoption of energy drinks as a substitute for alcohol in the West and increasing health consciousness all over the world is expected to augment the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Western Europe and the U.S. will continue to dominate the energy drinks market through 2032.
- Asia Pacific will emerge as a lucrative market over the forecast period.
- Rising e-commerce for non-alcoholic beverages is mainly driven by Gen-Z and millennials.
- Supermarkets/ hypermarkets, specialty and convenience stores are eminent sales channels.
- Health and fitness trends spur the market demand through 2032.
- Caffeine, sugar, B vitamins, and amino acids formulate energy drinks.
- Acquisitions and joint ventures to be executed by renowned manufacturers in emerging markets.
Competitive Landscape
Monster Beverage Corp., Kraft Foods Inc., the Gatorade Company, Inc., PepsiCo Inc., Coca-Cola Co., Red Bull GmbH, Nestlé S.A., Carlsberg A/S, NEALKO ORAVAN, spol s.r.o, Kabisa B.V., Suntory Holdings Ltd., Asia Brewery Incorporated, Otsuka Pharmaceutical Co., Dali foods group, LT Group Inc, Shenzhen Eastroc Beverage Co Ltd, and others are some of the key manufacturers of energy drinks that are profiled in the full version of the report.
Key players in the global energy drinks market are employing strategic merger and acquisition tactics to expand their market presence. They are also investing in joint ventures to enter or reinforce their position in emerging markets.
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More Insights into the Energy Drinks Market Report
In its latest report, FMI offers an unbiased analysis of the global energy drinks market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type (caffeinated beverage, de-caffeinated beverage), format (shots, powder, ready-to-drink), flavor (unflavored, flavored (citrus, berries, mocha, pomegranate, apple, mint, cola, watermelon, chocolate, blends (mix), others), categories (natural energy drinks, sports drinks, non-alcoholic beverages, functional beverages, non-carbonated packaged drinks), nature (organic, conventional), distribution channel (B2B, B2C (store-based retailing, hypermarkets/ supermarkets, convenience store, mom and pop stores, discount stores, specialty stores, independent small groceries, online retail) and region.
Energy Drinks Market Regional Analysis
According to the latest reports by FMI, the U.S. and Western Europe will continue to lead the market growth. Rising popularity of energy drinks as a substitute for alcohol is responsible for this market growth. Europe is predicted to dominate the market for much of the forecast period owing to rising health concerns over lifestyle diseases like obesity. Concerns over obesity has led to a shift in consumer preference; resulting in market domination of calorie-free, zero sugar natural energy drinks or non-alcoholic diet drinks in this region
The Asia Pacific is expected to emerge as a lucrative market for energy drinks. Sports, performance and energy drinks are manufactured in this region with the help of herbal ingredients, minerals, vitamins, amino acids or raw fruits and vegetables. The health benefits associated with functional beverages is driving the consumer growth in this region.
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The global energy drinks market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers –
By Product Type:
- Caffeinated Beverage
- De-caffeinated Beverage
By Format:
- Shots
- powder
- Ready-To-Drink (RTD)
By Flavor:
- Unflavored
- Flavored
By Categories:
- Natural Energy Drink
- Sports Drink
- Non-Alcoholic Beverage
- Functional beverages
- Non-carbonated packaged drinks
By Nature:
- Organic
- Conventional
By Distribution Channel:
Energy Drinks Market Segmentation Analysis
Based on product type, caffeinated energy drinks are gaining traction among gym enthusiasts. By category, health and fitness trends are spurring the market growth for the natural energy drinks and healthy non-alcoholic beverages segments. Non-carbonated packaged drinks are popular among sports spectators which drives market growth for this particular segment.
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Table of Content
1. Market Overview
1.1. Market Coverage / Taxonomy
1.2. Market Definition / Scope / Limitations
2. The Massive Impact of the Crisis
2.1. Global Energy Drinks Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2026) and Long Term (2027-2032)
2.1.1. Optimistic Scenario
2.1.2. Likely Scenario
2.1.3. Pessimistic Scenario
2.2. Key Factors Impacting the Market
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
4. Key Regulations
4.1. Packaging & Labelling Regulations
4.2. Certifications and Certifying Agency Overview
4.3. Import/Export Policies
Click Here for Energy Drinks Market 350 pages TOC Report
About FMI – Food and Beverage
The Food and Beverages unit of FMI offers a distinctive and factual analysis of the food and beverages industry. This comprehensive study extends from commodity, bulk, and specialty, to advanced technology emphasis on sustainability, and supply-demand-trade assessment. Our research studies serve as a reference for market guidelines for food and beverage manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
Have a Look at Related Research Reports of Food and Beverage Market:
Soft Drinks Concentrate Market Share: Soft drinks are beverages containing distilled water, sweetening agents, and flavoring agents.
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Organic Drinks Market Trends: Organic drinks are drinks manufactured with organic fresh vegetables or fruits grown without any artificial substance such as fertilizers, pesticides, or insecticides.
Low Fat Drinks Market Outlook: A large number of population is inclining towards sustaining a healthy lifestyle, which propelled buyers to consume food and beverages which has some potential health benefits.
Gluten-Free Food Market Growth: The global gluten-free food market is expected to reach a valuation of US$ 6.7 Bn in 2022.
Hyaluronic Acid Market Sales: The global hyaluronic acid market is expected to reach a market valuation of US$ 8.8 Bn by 2022, and is slated to increase at 6.4% CAGR during the forecast period (2022-2032)
Food Blue 5 Market Value: The global food blue 5 market is anticipated to reach a market valuation of US$ 10.5 Mn in 2022, with demand poised to increase at a CAGR of 2.9% during the assessment period (2022-2032)
Organic Pet Food Market Analysis: The organic pet food market is expected to total US$ 2.0 Bn in 2022. As per the report, sales of organic pet food are projected to increase at a healthy CAGR of 7.4% during the forecast period, to reach US$ 4.0 Bn by 2032.
Cannabis Drinks Market Demand: The cannabis drinks market is valued at US$ 0.4 Bn in 2022 and is projected to grow at a CAGR of 37.3% between 2022 and 2032, to reach a value of US$ 8.3 Bn by 2032
Cheese Color Market Type: The global cheese color market size is expected to reach US$ 336.4 Million in 2022 and is likely to exhibit considerable growth at a CAGR of 10.4% in the forecast period from 2022 to 2032.
Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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SAN FRANCISCO, July 1, 2024 /PRNewswire/ — sCrypt, a full-stack Web3/blockchain development platform, has announced the launch of its groundbreaking developer tool kit designed for the Unspent Transaction Output (UTXO) blockchains. The new tools will revolutionise how developers interact with UTXO blockchains, making them more accessible and fostering creativity in the Web3 space.
UTXO is the method the Bitcoin protocol uses to track balances as they move between digital wallets. The UTXO model is essential for maintaining the security and integrity of blockchain networks and solves the double-spend problem.
The sCrypt platform provides comprehensive toolkits such as Software Development Kits (SDK) and Application Programming Interfaces (APIs) that allow developers to seamlessly integrate UTXO blockchains into their applications. The platform will also integrate a vast ecosystem of JavaScript/TypeScript developers, estimated at 13 million globally. These developers can now leverage their existing skills to build and operate on UTXO blockchains.
By doing so, sCrypt opens a world of opportunities, where developers are equipped with the best tools to drive innovation and success.
The SDK provides libraries in various languages, detailed documentation, and tutorials and offer a flexible and robust framework for leveraging payments, tokens, and smart contracts. Whereas APIs allow developers to read from and write into blockchains, without setting up and maintaining their own nodes and indexers. As a tool kit, they allow developers to focus on the business logic of their dApp (decentralised applications), rather than worrying about the underlying blockchain infrastructure.
The platform is chain-agnostic, allowing developers to focus all their intellectual horsepower on application development rather than blockchain specifics. This industry-first platform is designed to power Web3 growth and empower developers to build and scale their dApp efficiently and effortlessly, by leveraging UTXO’s unparalleled scalability and programmability.
Xiaohui Liu, Founder and CEO at sCrypt said, “Historically, Web3 applications have been largely built on account-based blockchains like Ethereum and Solana. Ordinals have brought renewed development interest back to Bitcoin and UTXO blockchains. With our extensive developer tooling and infrastructure, it is now easier than ever to build on UTXO blockchains, empowering builders to unleash UTXO’s superior scalability and programmability.”
Companies utilising the sCrypt platform include BTC platforms, such as Dotswap, the first BRC20 token swap platform on BTC, offer fast and seamless token exchanges, leveraging a fully functioning Automated Market Maker (AMM) and liquidity pools. It uses sCrypt’s APIs to query the status of tokens, including BRC20 and Runes. TierTopis another cutting-edge BTC trading platform that supports Ordinals NFTs, BRC-20 tokens, and bitmaps which rely on sCrypt’s token APIs.
Other businesses using sCrypt include Tokenovate, which leverages sCrypt’s smart contracts to manage trading lifecycle events of derivatives, such as interest-rate swaps and voluntary carbon credits. Additionally, various innovative applications benefiting from sCrypt’s toolkit are Hodlocker, Order Lock by RelayX, Tokenized, 1Sat Ordinals and Yours Wallet.
The sCrypt platform is poised to be a game-changer for developers working within the UTXO framework, offering them resources to develop next-generation blockchain applications and aiming to become the de-facto development platform for UTXO blockchains.
About sCrypt:sCrypt is a UTXO-blockchain development platform that offers a suite of tools and infrastructure to enhance and accelerate the development process of decentralised applications (dApps). It provides a rich set of APIs and software development kits (SDKs) that simplify blockchain interactions, such as querying blockchain data, sending transactions, issuing tokens, and developing smart contracts. It specialises in UTXO blockchains and supports multiple of them, such as Bitcoin and Bitcoin SV.
View original content:https://www.prnewswire.co.uk/news-releases/scrypt-launches-chain-agnostic-developer-platform-for-utxo-blockchains-302186804.html
The Pope received the President of ALLATRA in an audience at the Vatican
VATICAN CITY, July 1, 2024 /PRNewswire/ — Pope Francis hosted distinguished scientists and experts from various countries and disciplines at a private audience at the Apostolic Palace in Vatican City. The selected attendees were participants in the Three-day International Conference on ‘Generative Artificial Intelligence and Technocratic Paradigm,’ organized by the Centesimus Annus Pro Pontifice Foundation (CAPP) – operating within the Secretariat of State of the Holy See and led by the esteemed Chairwoman, Dr. Anna Maria Tarantola.
Among the invited guests were Dr. A. Egon Cholakian, a National Security Expert, Washington D.C. Governmental Affairs Advisor to the ALLATRA International Public Movement, CAPP Foundation member; and Maryna Ovtsynova, President of the ALLATRA International Public Movement.
During the audience at the Vatican, the President of ALLATRA presented to Pope Francis a climate report ‘On The Progression Of Climatic Disasters On Earth And Their Catastrophic Consequences.’ In their personal conversation, she raised the issue of climate change as a global problem, emphasizing that it represents one of the most pressing challenges for humanity.
During the conversation, Pope Francis listened attentively and expressed his pleasure in offering his blessing to the ALLATRA International Public Movement. Following the event, Maryna Ovtsynova, President of ALLATRA, also personally received a blessing from the Holy See and Pope Francis on this significant day for the ALLATRA organization.
Additionally, the international conference featured discussions on technological innovations that are set to shape the future of civilization.
Since the future of humanity will be played out on the front of technological innovation, Pope Francis stated, “We must not miss the opportunity to think and act in a new way, with mind, heart and hands,” in order to “direct innovation toward a configuration centred on the primacy of human dignity.” – cites ‘Vatican News.’
During the event, in a pivotal discussion with conference organizers, Maryna Ovtsynova, President of the ALLATRA International Public Movement, addressed the pressing global threats to freedom and democracy. Mrs. Ovtsynova addressed the ongoing investigation into the illegal persecution of ALLATRA participants in several countries with low democracy indexes. Specifically, she detailed how they were subjected to a defamation campaign initiated by a Russian anti-cult organization. Additionally, she mentioned that this defamation campaign occurred not only in Russia but also in Ukraine, which indicates the significant influence of the Russian anti-cult organization on Ukraine.
During the conversation, Maryna Ovtsynova also raised the issue that anti-cult organizations, which exist contrary to democratic norms, cast a shadow on faith and on what Christianity stands for—freedom of religion and freedom of conscience.
During an audience on June 22, 2024, Maryna Ovtsynova expressed heartfelt gratitude to Pope Francis for his significant contributions as a responsible and decisive leader in the social integration of the Roman Catholic Church and for strengthening its role in contemporary secular society. She also thanked him for his kindness, warmth, and support during this special moment for ALLATRA.
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Artificial Intelligence
35 Institutions Recognised for Excellence in Education and Innovation in the 2024 Anthology Catalyst Awards
BOCA RATON, Fla., July 1, 2024 /PRNewswire/ — Anthology, the leading provider of education solutions that support the entire learner lifecycle, today announced the winners of the 2024 Catalyst Awards. The awards honour those driving innovation and excellence within higher education. Winners are recognised across 8 categories and selected by a cross-functional team of Anthology experts and represent the very best in their field.
This year, 35 winners were selected from among 108 nominees from institutions across 19 countries. Honourees will be recognised at the upcoming Anthology Together conference, one of the world’s largest EdTech conferences, taking place July 15-17 in Orlando, Florida.
“The Catalyst Awards celebrate what’s at the heart of higher education and technology – working together to drive student success. It’s inspiring to see the creative programmes and remarkable outcomes,” said Bruce Dahlgren, Chief Executive Officer at Anthology. “I am personally honoured to work with such an incredible community of innovators and educators as we partner together to deliver bold solutions to meet the needs of students and those who support them.”
The 2024 Anthology Catalyst Award winners by category:
Assessment & Institutional Effectiveness: This award recognises institutions that have successfully grown in their assessment practices and influenced positive behavioural changes using Anthology solutions.
Keiser University – Online Division, United States of America: The Online Academic Team – Sherry Olsen, Neha Prakash, and Marcel LarondeOdessa College, United States of America: Institutional Effectiveness Division – Connie MayUniversity of Cincinnati, United States of America: Traci SteehlerUniversity of the District of Columbia, United States of America: The Center for the Advancement of Learning & The Office of Planning and Institutional EffectivenessDiversity, Equity, Inclusion, and Belonging: This award honours those institutions leveraging technology to foster diversity, equity, inclusion, and belonging practices using Anthology solutions to ensure that their services are fully inclusive and supportive of all learners.
Grupo Ser Educacional, Brazil: EaD Management – Janyo Diniz, Joaldo Diniz, Enzo Moreira, Francislene Hasmann, and Sergio MuriloUniversity of Bahrain, Kingdom of Bahrain: Dr. Mazen AliUniversity of Derby, United Kingdom: PLT: Digital Learning and Online Content TeamUniversity of Illinois Chicago, United States of America: Landen DixonInstitutional Advancement: This award recognises institutions that have made significant changes to enhance the alumni and donor experience using Anthology solutions.
Morehead State University, United States of America: Alumni Relations & Development: Jessi Ferguson, Allie Rayburn, and Sherry SurmontUniversity of Louisville, United States of America: Communications & Marketing – Jessica Watts and Natalie TracyUniversity of Washington, United States of America: University AdvancementLeading Change: This award recognises institutions at the forefront of educational innovation that have used Anthology solutions to implement transformational initiatives that generate change on campus and in their academic ecosystems, with measurable results.
Central Michigan University, United States of America: The Office of Curriculum and Instructional Support – Marnie RoestelGrand Valley State University, United States of America: GVSU eLearning TechnologiesNorthumbria University, University of Southampton, College of DuPage, and WSU Tech, United Kingdom and United States of America. International Ally User Group: Kristen McCartney-Bulmer, Northumbria University; Matthew Deeprose, University of Southampton; Krystal Iseminger, WSU Tech; and Lara Tompkins, College of Du PageImam Abdulrahman Bin Faisal University, Kingdom of Saudi Arabia: Deanship of eLearning and Distance Learning – Dr. Muneerah B. AlmahasheerMapúa Malayan Colleges Laguna, Philippines: Mapúa Laguna 4Cers – Dr. Dodjie S. Maestrecampo, Anthony Hilmer S. Medrano, Maribel G. Songsong, Dr. Ramachandra C. Torres, Christian Dominic V. Kare, and John Mark L. AlmarezStudent Experience: This award recognises institutions leveraging technology to develop educational and administrative innovations that positively influence the total learner experience – outside and inside the classroom – and improve operational efficiency.
California Polytechnic State University, United States of America: Division of Student AffairsEdge Hill University, United Kingdom: Learning Design and Student Life TeamsMarshall University, United States of America: Enrollment Management – Dr. Jerry Ross, Dr. Beverly Boggs, and Nathan MillerSam Houston State University, United States of America: Student Involvement – Dr. Meredith Conrey and Emily FigueroaThe University of Memphis, United States of America: Dr. MK TylerStudent Success: This award recognises institutions whose innovative use of Anthology solutions has led to increased retention, increased completion, or improved outcomes through the implementation of new academic and administrative resources, data analytics solutions, scalable advising and intervention strategies and student support programmes.
Bellevue University, United States of America: College of Engineering, Technology and Management – Dr. Matthew Davis, Rebecca Barnes, and Nathan KraftJenison Innovation Academy (JIA), United States of America: JIA Leadership Team – Cameron Kuiper, Dr. Rebekah Redmer, and Krista OsterbergNorthern Border University, Kingdom of Saudi Arabia: Deanship of E-Learning and Knowledge Resources – Dr. Saud Abdul Mohsen Al-Muqahim, Dr. Sultan Munadi Al-Anazi, and Dr. Ghanim Tawash AlAnaziUniversity of Florida, George Mason University, and University of North Carolina at Charlotte, United States of America: Shared Metacognition Team: Dr: Larisa Olesova, University of Florida; David Miller, George Mason University; and Dr. Ayesha Sadaf, University of North Carolina CharlotteTeaching & Learning: This award recognises institutions that have used Anthology solutions in innovative ways to advance learning.
Beacon Red, United Arab Emirates: Knowledge Systems Team – Phil Burgess, Sean McGuinness, Anurag Patel, and Jimmy JosephTechnical and Vocational Training Corporation, Kingdom of Saudi Arabia: E-Learning Center – Abdullah Farhan Aljably and Abdullah AldukhayyelThe University of Texas at El Paso, United States of America: The Center for Instructional DesignUniversidad Abierta Interamericana, Argentina: Faculty of Information Technology – Dr. Marcelo Edgardo De Vincenzi Zemborain, Nicolás Battaglia, and Dr. Carlos NeilWestern Kentucky University, United States of America: IDST 100 Course Development Team – Catie Weaver, Alicia Pennington, Ara Sprouse, and Brittney SholarTraining & Professional Development: This award recognises institutions that display an organisation-wide dedication to innovative training and development programmes for their educators and staff.
William Paterson University, United States of America: The Center for Teaching with Technology – Dr. Jae KimUniversidad Peruana de Ciencias Aplicadas, Peru: Diseño de entornos de aprendizaje DEA – DADO Team – Jessica Vlasica, Milagros Suyo, and Nancy OlmosUniversity of Central Oklahoma, United States of America: Center for eLearning and Connected Environments – Darren DenhamUniversity of Pretoria, South Africa: E-Education GroupWichita State University, United States of America: Office of Instructional ResourcesFor more information on the 2024 Catalyst Award winners, the full list of nominees, and complete category descriptions, please visit www.anthology.com/catalystawards.
About Anthology
Anthology offers the largest EdTech ecosystem on a global scale for education, supporting more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community through Anthology Intelligent Experiences™, we help learners, leaders and educators achieve their goals by offering over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for education, business and government institutions at www.anthology.com.
Media Contact: Erin Mitchell, Director of Communications, Anthology. [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/35-institutions-recognised-for-excellence-in-education-and-innovation-in-the-2024-anthology-catalyst-awards-302186250.html
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