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, Feb. 28, 2024 /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). 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. 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
In the dynamic landscape of the food and beverage industry, where consumer preferences constantly evolve, market analysis serves as a compass for industry players. Amidst the backdrop of a global health crisis, the demand for functional drinks has surged, driving the growth of sectors like energy drink sales and plant-based protein drinks. These trends are not confined to a single region; they resonate across continents from Western Europe to the USA and the Asia-Pacific region.
Key ingredients such as sugar and water form the backbone of soft drink concentrates, catering to the ever-growing demand for non-carbonated beverages. Consumers are increasingly gravitating towards healthier alternatives, spurring interest in beverages like tea and fruit drinks, often fortified with plant-based proteins.
In the retail landscape, convenience stores and restaurant owners play pivotal roles in distributing soft drink concentrates. Fountain machines and bottled drinks are ubiquitous in these settings, offering consumers a wide array of options.
However, amidst the opportunities lie challenges. Market saturation, fluctuating raw material prices, and regulatory pressures necessitate astute market analysis and strategic planning. Moreover, with the rising awareness of health and environmental concerns, there's a growing emphasis on sustainability and healthier formulations. View a FREE PDF Sample Report
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.
1 Executive Summary
2 Landscape
3 Sizing
4 Historic Size
5 Five Forces Analysis
6 Segmentations
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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