How to find the best energy drinks
The energy drinks industry is in a shambles, according to a new report, with energy drink brands struggling to stay relevant.
Energy drinks companies, which include Coca-Cola, PepsiCo, Dr Pepper, Dr. Pepper Lite, and Dr. Peppers brand, are struggling to keep up with competition and consumers’ changing tastes.
As a result, the companies’ profits have dropped dramatically.
The industry has struggled to adapt to the changing tastes of consumers.
“In the past five years, energy drink manufacturers have lost almost 20% of their market share, which means their total revenue has declined by nearly $100 million,” said David C. Stearns, senior director of research at the Consumers Union, in a statement.
“Consumers are demanding more energy from their drinks and companies need to make sure they are in the right place at the right time to stay in business.”
The report by the Consumer Federation of America and Consumers Union found that energy drinks have failed to deliver a consistent revenue growth over the past decade.
In 2016, the industry lost $18.4 billion.
That was a 5.1% drop from $21.6 billion in 2016.
The number of consumers who had tried the drinks has dropped from 10.3 million to 8.9 million since 2014, according the report.
Dr. Pepper and PepsiCo are the only major energy drinks companies to survive.
It’s not just the drinks companies that are in trouble.
PepsiCo lost more than $4 billion, or about 30% of its revenue, in 2016, according To The Point.
But the industry is still growing.
Last year, the top three energy drink companies in the U.S. were: Coca-Cola, Dr Peppers, and Coca-Hemp.
A recent study from Nielsen found that the energy drinks sector is the most valuable sector in the world.
More:Energy drink companies are also struggling to meet the rising demand for their drinks, according TO The Point:The report also found that consumers were not buying energy drinks to replace energy-rich foods.
They are buying them to boost their energy intake.