10 Most Profitable Consumer Defensive Stocks to Buy Now

3. Celsius Holdings, Inc. (NASDAQ:CELH)

Number of Hedge Fund holdings: 52

According to a recent report by Marketbeat, Celsius Holdings, Inc. (NASDAQ:CELH) has earned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms, with one firm issuing a sell rating, three maintaining a hold stance, and eighteen advising to buy the stock.

As it prepares to win the race, Celsius Holdings, Inc. (NASDAQ:CELH) leverages its Alani Nu acquisition and deepened ties with Pepsi in a $585 million deal for heightened growth. Some of the factors that enable the company to achieve its goals include health-conscious consumer trends, surging demand for energy drinks, and advanced distribution networks.

Celsius Holdings, Inc. (NASDAQ:CELH), one of the leading energy drink manufacturers, is well-positioned among individuals who tend to prefer more plant-based ingredients and avoid sugary drinks. We can only expect this market to expand given the shift towards healthier choices. According to forecasts by a market research firm, the global energy drink market is expected to deliver a compound annual growth rate of 7.7%, increasing from $88.9 billion in 2023 to $186.7 billion by 2033.

Celsius Holdings, Inc. (NASDAQ:CELH) is a Florida-based provider of functional energy drinks. Founded in 2004, the company offers CELSIUS, CELSIUS Originals and Vibe, CELSIUS ESSENTIALS, CELSIUS On-the-Go Powder, and CELSIUS Hydration, along with other CELSIUS ready-to-drink products.