Tag: Market trends

According to a 2024 review of studies, approximately 55% of participants have consumed an energy drink at some point in their life, with consumption patterns varying significantly by age, frequency, and geography. This widespread usage makes understanding the specific demographics of energy drink consumers crucial for both health experts and market analysts alike.

According to recent market analysis, global vegetable oil production is projected to have reached an all-time high of approximately 224.2 million metric tons in the 2024-25 crop year. Of this immense quantity, palm oil consistently holds the largest market share, making it the world's most popular vegetable oil. Its widespread use is driven by a combination of high yield, low cost, and versatility in numerous food and industrial applications.

The energy drink market in Australia is experiencing robust growth, with one report noting a positive compound annual growth rate of 8.07% between 2016 and 2021. This expansion is driven by a growing appetite for functional beverages and a dynamic competitive landscape.

The global meat market is a colossal industry, with revenue projected to reach $1.55 trillion in 2025 and a market share that alternative proteins still lag far behind. Despite significant investment and media attention, several powerful factors explain why alternative proteins will not disrupt the meat industry in the foreseeable future.

While the United States leads the world in per capita volume consumption of energy drinks, specific public data on what state drinks the most energy drinks is notoriously elusive. Pinpointing the top-consuming state is challenging because comprehensive, state-level market data is often proprietary and not publicly reported. This article will delve into demographic insights, regional market trends, and lifestyle factors to infer consumption patterns across the country.

In 2024, despite a perceived decline in Western markets, the global soy milk market was valued at over $16 billion and is projected to reach nearly $23.6 billion by 2033. The narrative that soy milk is going away is driven more by changing consumer preferences in specific regions rather than a widespread disappearance of the product.

Since the rise of the biodiesel industry, which produces a large surplus of glycerol, the market dynamics for this compound have shifted dramatically. This surplus has made glycerol, particularly in its crude form, an abundant and often inexpensive commodity, prompting many to question: is glycerol cheaper than glucose for industrial applications?

With the global grass-fed beef market projected to reach over $21 billion by 2035, the trend for this meat is undeniable. The grassroots movement is fueled by consumers seeking healthier, more sustainable, and ethically-sourced food options, pushing grass-fed beef from a niche product to a mainstream dietary choice.

The global consumer packaged goods (CPG) industry was valued at over $13 trillion in 2024, yet the acronym is often misspelled as "CGP". A CGP product is most commonly a misnomer for a Consumer Packaged Good, an everyday item that is used up quickly and purchased frequently.

With the global energy drink market valued at over $50 billion in 2020 and projected for continued growth, their widespread popularity is undeniable. But the question remains: Why do energy drinks become popular and become a staple in modern society, moving from a niche product to a mainstream beverage for millions?