Observable phenomena that precede changes in larger markets are found everywhere…hence why I believe a trio of trending nutraceutical ingredients could be a powerful leading indicator for the next generation of energy drinks. And I want to set the stage by providing my basic mental model surrounding the market evolution of energy drinks. Firstly, energy drinks are no longer just sugar-filled flavored caffeinated carbonated waters. In fact, more than half of all energy drinks sold in the United States are sugar free. Secondly, energy drinks are no longer marketed primarily to thrill-seeking young males. In fact, energy drink consumers have evolved greatly…with the current market largely gender-balanced, age-balanced, and lifestyle-oriented. Lastly, energy drinks are no longer a niche beverage category. In fact, the categorical mainstreaming effect catapulted three energy drink brands onto the top ten list of largest liquid refreshment beverages. Additionally, every multibillion-dollar functional beverage category (such as energy drinks) is in the early innings of a remarkable transformation…as consumers move closer towards this four-way intersection of taste, convenience, nutrition, and (not only) functionality (but) multifunctional benefits that contribute to overall wellbeing. And I’m not debating against plain ole great tasting sugar free energy drinks remaining a consumption evergreen…but an evolving arbitrage will continue existing due to individuals not wanting totally different consumption habits (just more beneficial ones). So, amidst this booming desire for packing more functionality within energy drinks…savvy ingredient companies have found a catalyst to mainstream awareness and mass acceptance. Currently, almost all energy drink consumers understand the category as stimulation (delivered through caffeine). Yet, even against the backdrop of likely the highest consumer interest level in caffeine ever…why then do I think Cognizin citicoline, goBHB ketones, and Enfinity paraxanthine, will play an outsized role in the next generation of energy drinks? For the evolving RTD energy category, that increasingly serves as a euphemism for other benefits like alertness, focus, reduced fatigue, and improved endurance…consumers concentrating around a handful of clear outcomes will play an important role in how these nutraceutical ingredients (beyond caffeine) deliver relevant products that tap into broader market opportunities. Also, over the last handful of years…work-life balance has gotten redefined (and adjusted bi-directionally), as the typical 9-to-5 work schedule intermixes with other segments of personal time. Additionally, consider the widening range of applications and “physical versus mental energy” need states this functional beverage category can serve like active nutrition, cognitive performance, and healthy aging…suggesting consumers (more than ever) are looking for solutions that help energize them throughout the day (even into the night) and help recovery for the next day. But then why does caffeine still dominate as the primary ingredient solution? Caffeine is universally lauded for its ability to kickstart the day, with effects felt almost immediately, but the ingredient does have its limitations. So, taking into consideration those well-known limiting factors…how about I briefly describe some of the underlying drivers of demand that support my non-consensus (and early) conviction around escalating importance of (Cognizin, goBHB, and Enfinity paraxanthine) within the next generation of energy drinks.