Energy drinks are a powerhouse of growth in food service retail. Sales spiked by 13.6%, putting an extra £203m through retailers’ tills, last year. That makes sports and energy drinks the hottest sector in soft drinks, which contributed the greatest growth of any food or drink category in 2022.
Increasingly, Britvic has found that consumers are opting for more premium drinks in formats suited for immediate consumption, which offer retailers higher margins and a higher price per litre. Energy drinks have an average price per litre of £3.17, versus a soft drinks category average of £1.35/litre, making it clear how such products can add value to the category. So too can iced coffee and tea, which have an average price of £3.92, and are growing at 22%.