Share this article NEW YORK, May 7, 2021 /PRNewswire/ -- The energy drinks market in Latin America is expected to grow by USD 3.98 billion, progressing at a CAGR of over 12% during the forecast period. Technavio has announced its latest market research report titled Energy Drinks Market in Latin America by Product and Geography - Forecast and Analysis 2021-2025 The strengthening distribution network and collaborations, improving disposable income and consumer expenditure due to rising urbanization, and the emergence of low- and medium-priced energy drinks in Latin America are some of the major factors propelling the market growth. However, factors such as negative health effects associated with consumption of energy drinks, increasing demand for substitute products, and stringent regulations and government interventions will hamper the market growth.