Soft Drink Concentrates Market size to increase by USD 12.26 billion between 2022 to 2027, Europe will contribute 36% to the growth of the global market - Technavio

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The soft drink concentrate market size is expected to grow by USD 12.26 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 5.77% during the forecast period. Europe will contribute 36% to the growth of the global market during the forecast period. The growth of the ready-to-eat food and beverages market is attributed to rapidly increasing urbanization in developed countries such as Germany, and Italy. Consumers are shifting to natural beverages with no traces of artificial sweeteners, resulting in the soft drink concentrates market nearing maturity in established markets. Hence, such factors drive the European soft drink concentrates market during the forecast period. A strong distribution network is notably driving the soft drink concentrates market. However, factors such as Increasing obesity rates and other related issues may impede market growth. The market is segmented by Distribution Channel (Offline and Online), Type (Carbonated and Non-carbonated), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FRE sample report is available in PDF format 

Key Segment Analysis
The offline segment will be significant during the forecast period. This segment generates revenue from the sales of soft drink concentrate products through hypermarkets, supermarkets, clubhouse stores, department stores, and independent retailers. Retailers place attractive displays that generate substantial sales, as a part of the marketing and offline sales strategy. Hence, such factors drive the growth of the segment of the soft drink concentrates market during the forecast period. To know additional highlights and key points on various market segments and their impact in coming years, View a FREE PDF Sample Report.

Company Insights 
The soft drink concentrates market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
Archer Daniels Midland Co., Batory Foods, Dohler GmbH, Fab Flavour and Frangrances Pvt. Ltd., Infinity Additives And Foods, Kerry Group Plc, Keurig Dr Pepper Inc., LEMONCONCENTRATE SLU, Maharaja SDC, MARUTI AROMATICS and FLAVOURS, Monster Energy Co., National Beverage Corp., PepsiCo Inc., RASNA PVT. LTD., Refresco Group BV, Shree Khodiyar Enterprise, Soda Press Co., Sugam Products, The Coca Cola Co., The Kraft Heinz Co.

• View a FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

The non-carbonated soft drinks market size is estimated to grow at a CAGR of 7.11% between 2022 and 2027. The market size is forecast to increase by USD 71.14 billion. This non-carbonated soft drinks market report extensively covers market segmentation by product type (fruit juices and sports drinks), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). One of the key factors driving the non-carbonated soft drinks market growth is the health and wellness concerns among consumers. 

The soft drinks market size is estimated to grow at a CAGR of 9.98% between 2022 and 2027. The size of the market is forecast to increase by USD 622.47 billion. This report extensively covers market segmentation by product (carbonated soft drinks, juices and juice concentrates, bottled water, RTD tea and coffee, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growth of the global soft drinks market is primarily driven by the increasing demand for instant energy and the fast-paced lifestyle of consumers. 

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio