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Citrus Water Market Outlook

The citrus water market is expected to register a 17.1% CAGR during the forecast period, from US$ 10.59 million in 2023 to US$ 51.9 million in 2033.

Growing Food and Beverages Industry

The food and beverage industry has been increasingly witnessing a rising demand for natural and functional ingredients in recent years, as health consciousness continues to rise among varied consumer demographics. This is a key factor that has been influencing the growth of citrus products. The citrus water market continues to be lucrative, while demand for other citrus products, such as citrus water is on the rise.

The global citrus water market has reflected very strong growth in recent years. The industry is likely to witness further acceleration in growth through the forecast period, despite the pandemic, as consumer preference towards functional beverages and investments in product development continue to rise.

Citrus water is quickly gaining popularity among people all over the world due to its numerous health benefits. For example, lemon is among the popular citrus drink and a good source of vitamin C and a lot of antioxidants. One lemon offers 21% of the daily requirement for vitamin C. Other citrus fruits, such as grapefruits, oranges, and limes, are also high in flavonoids, which aid in immunity and disease prevention.

Report Attribute Details
Citrus Water Market Value (2023) US$ 10.59 million
Citrus Water Market Anticipated Value (2033) US$ 51.9 million
Citrus Water Market Growth Rate (2023 to 2033) 17.1% CAGR

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2017 to 2022 Citrus Water Market Outlook in Comparison to 2023 to 2033 Growth Forecast

The citrus water market accounted for US$ 9.06 million in 2022, holding a 12.3% CAGR from 2017 to 2022. Global market absolute dollar growth is US$ 41.31 million.

Historical CAGR (2018 to 2022) 12.3%
Forecast CAGR (2023 to 2033) 17.1%
  • Short Term (2023 to 2026): The short-term growth prospects for the market look good. Premium citrus water products are going to outperform low-cost competitors during the projected period, owing to an increase in ingredient quality and increasing discretionary incomes in the coming years.
  • Medium Term (2026 to 2029): The market may rise slightly during this time. Businesses are increasingly utilizing blockchain and other Internet of Things (IoT) technologies to successfully handle citrus water product acquisition, processing, and distribution.
  • Long Term (2029 to 2033): According to FMI's estimate, the market is anticipated to enter a bullish growth phase within this time frame. Citrus water market participants are eager to promote beverage compositions with a high nutritional profile. A diverse product offering is anticipated to enhance the long-term adoption of citrus water among end users in the future years.

As per the FMI analysts, a valuation of US$ 51.9 million by 2033 end is estimated for the market.

Year Market Valuation
2016 US$ 13,106.40 billion
2021 US$ 17,956.90 billion
2022 US$ 9.06 million
2023 US$ 10.59 million
2033 US$ 51.9 million

Comparative Analysis of Adjacent Markets

Citrus Water Market:

Differentiating Aspects Citrus Water Market
Anticipated CAGR (2023 to 2033) 17.1%
Market Valuation (2023) US$ 10.59 billion
Growth Factors Rising of the food and beverages industry.
Future Opportunities Product advertisements and marketing have created growth opportunities.
Market Trends One of the key trends is that citrus-flavored mixed drinks are becoming increasingly popular.

Tonic Water Market:

Differentiating Aspects Tonic Water Market
Anticipated CAGR (2023 to 2033) 7%
Market Valuation (2023) US$ 922.67 million
Growth Factors Increased use of alcoholic beverages such as gin, vodka, and other forms of cocktails, as well as new product introductions, are key factors driving market expansion.
Future Opportunities Increasing urbanization also adds to growing demand by increasing alcohol consumption.
Market Trends Increasing investment in technology developments and inventions is one of the important themes.

Citrus Fiber Market:

Differentiating Aspects Citrus Fiber Market
Anticipated CAGR (2023 to 2033) 5.7%
Market Valuation (2023) US$ 461.27 million
Growth Factors The worldwide citrus fiber market is being driven by rising demand for natural food components.
Future Opportunities Consumption of food and food ingredients with possible health advantages has increased as consumer interest in leading a healthy lifestyle has grown.
Market Trends Leading companies in the citrus fiber market are prioritizing ingredient innovation for broad cosmetic and personal care applications to meet the increasing consumer demand for nature-derived beauty products.
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Growing Demand for Natural Flavours and Fragrances

Taste and fragrance have always been important in terms of food and beverage products. Citrus water is increasingly finding application as an additive in food and beverage formulations including bakery confectionery, and juices as a flavor enhancer.

Citrus water is used to boost tangy flavors and aromas in products such as soups and sauces in addition to other culinary applications, which is expected to gain further attention as globalization trends bring international cuisines to new regions.

Also, citrus concentrates are expected to find niche applications in personal care products for fragrance characteristics. The trend is projected to positively impact the industry for the foreseeable future.

Diet Variants Gaining Traction

Diet variants of citrus water including sugar-free options are rapidly becoming popular among consumers, which change consumer lifestyle and health awareness. As companies continue to invest in a wide range of natural flavors, and zero and low-calorie products, the demand for citrus water is expected to rise as well.

With increasingly hectic lifestyles, ease of availability in retail outlets, and growing awareness arising out of significantly increasing internet penetration, consumers are seeking healthy beverage options that do not compromise on taste, which are likely to drive demand.

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Waning Popularity of Carbonated Drinks

Conventional carbonated drinks are facing the brunt of health concerns among consumers, in terms of weight gain, heartburn, and high caffeine content. Also, with the growing health and fitness sector, and distribution of citrus water through online channels, citrus water products are likely to find higher levels of adoption.

Non-alcoholic functional drinks including citrus fruit additions provide advantages to consumers in terms of health, beyond basic nutrition including cholesterol management, immunity boost, and potential to improve cardiac health and bone health.

Biodegradable Packaging Options Gain Preference

Plastic bottles and aluminum tins remain the most widely used packaging formats for citrus water. As a result, the demand for bottled water has gone through a strong rise, supported by high disposable incomes among the urban population. On the other hand, this demand has resulted in environmental concerns in terms of packaging.

Several governments have also imposed strict restrictions on the use of single-use plastic, encouraging sustainable alternatives. While aluminum cans are gaining attention, manufacturers are also seeking sustainable solutions for the bottle format of packaging, owing to high convenience for consumers. Consequently, biodegradable polymeric material could provide potentially favorable opportunities for market players to leverage in the long term.

Key Challenges

The citrus water market is estimated to reflect impressive growth in the years to come. However, market players are expected to face several challenges in the near term as these beverages become mainstream.

The cost of citrus water is relatively high in comparison to other conventional beverages. This is expected to limit the adoption of these products, especially among low-income segments of consumers. Also, the fluctuation of citrus fruit yields owing to an environmental factor could hurt market players.

A substantial increase in potential consumers remain skeptical about the efficacy of citrus water in terms of health benefits, and the lack of definitive information on the same has compounded the issue. Also, high competition from homemade citrus water is expected to hinder the scope of growth for the market in the years to come.

A Glimpse of Country-wise Insights

Country The United States
CAGR (2017 to 2022) 12.8%
Valuation (2023 to 2033) US$ 10.56 million
Country The United Kingdom
CAGR (2017 to 2022) 13.6%
Valuation (2023 to 2033) US$ 2.41 million
Country China
CAGR (2017 to 2022) 12.9%
Valuation (2023 to 2033) US$ 1.32 million
Country Germany
CAGR (2017 to 2022) 15.4%
Valuation (2023 to 2033) US$ 1.14 million
Country Spain
CAGR (2017 to 2022) 12.1%
Valuation (2023 to 2033) US$ 0.62 million

North America Citrus Water Market

Currently, North America is the leading market for citrus water at a valuation of US$ 10.56 million; and is expected to account for more than 30% of the global market through the forecast period. High consumer awareness in Canada and the United States about the benefits of citrus water and the resultant demand are the leading factors bolstering the prospects of the industry in the region.

The presence of several leading international citrus water and RTD beverage manufacturers and frequent product launches, and innovations in formulations sustain the healthy growth of the market in the long term.

States including Texas, Florida, and California are leading producers of citrus fruits in the region. Despite a decline in production from 2019 to 20, key imports from regions in Asia and South Africa are expected to benefit the market in the near term.

Europe Citrus Water Market

Europe citrus water market is only second to North America in 2020. However, rising demand for functional beverages, especially among key countries in the European Union, coupled with adoption in the health and fitness sector is contributing to the massive 19% CAGR through the forecast period. Consequently, the Europe market is expected to surpass North America in value and volume in the coming years.

Also, Europe, the significant market for citrus products, gain from sophisticated retail supply chains and the widespread penetration of specialty food and beverage stores. As a result, the consumption of citrus water has risen, particularly during the coronavirus pandemic as consumers seek natural solutions for nutrition and immunity functions for the duration of the outbreak.

Europe market is also likely influencing increased production and consumption of citrus water in aluminum cans, which can be primarily attributed to the favorable government policies and investments towards recycling facilities in the region.

Asia Pacific excluding Japan Citrus Water Market

Asia Pacific excluding Japan citrus water market is projected to witness strong growth through 2028. Further, the rising penetration of the internet, and sales through online channels, coupled with growing health awareness and per capita income in countries such as China and India are contributing substantially to the Asia Pacific excluding Japan market.

The market is also expected to benefit from the growth of the fitness, health, and sports sector internationally and domestically, generating key growth opportunities for manufacturers in emerging economies of China and India, expanding at a rate second only to the Europe market with 18.7% CAGR. Further, citrus water products are also finding roles as mixers for alcoholic beverages, as manufacturers focus on economy beverages to gain ground in the region.

Category-wise Insights

Premiumization of Citrus Water

Citrus water sales can largely be classified since pricing into 2 types - premium and economic. Of these options, the demand for economic variants remains slightly high than premium products. On the other hand, this trend is expected to turn by the end of the forecast period, with premium citrus water reaching more than 56% of the global market share by 2028.

The growth of the premium segment is largely attributed to the increased incorporation of high-quality, natural, and organic citrus extracts, and their popularity among a growing health-conscious consumer demographic.

Preference Towards Lemon Citrus Water Products

Most citrus water manufacturers source citrus flavors in their offerings from 4 fruit types including lemons, limes, oranges, and also mixed citrus fruits. Lemon-based citrus waters are anticipated to witness relatively high demand through the assessment period. On the other hand, holding a small market share, mixed citrus waters are expected to reflect a higher growth rate, eating into the share of lemon-based variants throughout the forecasting period.

Plastic Bottle Packaging Remains Popular

Citrus water is commonly packed in 3 formats, which are plastic bottles, glass bottles, and tins. According to FMI analysts, the market share for plastic bottle packaging remains relatively high through the forecast period. Convenience in terms of logistics and supply chains and ease of use by consumers are going to drive demand in the years ahead.

Tins are projected to reflect fast growth for the foreseeable future, on the back of environmental concerns associated with plastic packaging, and the easy recyclability of metal tins. Also, improvements in printing technology have made tins a popular choice in terms of aesthetics.

Specialty Stores Essential to Distribution

Key channels of distribution for citrus water manufacturers include modern trade, specialty stores, convenience stores, commercial, hotels/restaurants/bars, and online retail. Specialty stores are expected to account for a massive share of sales and revenue accounting for an estimated 30.9% of the global market by 2028.

Although at a nascent stage, online retailers are projected to display a significantly high growth rate, the trend is not likely to change for the foreseeable future as internet penetration continues to rise at a rapid pace.

Competitive Landscape

Key manufacturers in the citrus water market are increasingly focusing resources on product development and launch strategies, aiming to expand the flavor portfolios of their offerings, and attract a wide consumer demographic. Also, manufacturers are pushing to optimize production capabilities through strategic acquisitions and expansions, to keep up with growing market demand.

Nestle S.A. for instance, under the Nestle Waters brand, has unveiled its new additions to the range of ready refresh beverages including coconut water, energy drinks, and citrus water offerings including blood orange and original citrus flavors. The company is also potentially seeking the sale of its North America Unit, choosing to focus its resources on other international markets.

The Coca-Cola Company has also introduced its new offerings in the AHA sparkling water segment, largely aiming to improve on product differentiation strategies with niche flavors such as lime and watermelon, strawberry and cucumber, and citrus and green tea among others. These products are aimed at consumers seeking sugar-free beverage options.

Danone S.A. has partnered with Ball Corp to develop and produce its Lemon brand of sparkling beverages, in 3 citrus flavor combinations of grapefruit, lemon & orange, and lemon & lime, marketed in 330 ml cans. The offerings are free from synthetic colorings, preservatives, and flavors, for health-conscious consumers.

Aside from these Manufacturers, Other Top Participants in the Market Include

  • PepsiCo. Inc.
  • Suntory Beverages & Food Ltd.
  • Super bock Bebidas
  • Icelandic Water Holdings ehf
  • Mountain Valley Spring Company
  • S&D Coffee & Tea

Scope of Report

Attribute Details
Market Size Value in 2023 US$ 10.59 million
Market Size Value at End of Forecast (2033) US$ 51.9 million
Market Analysis US$ million for Value
Key Region Covered
  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan
  • The Middle East & Africa
Key Segments
  • By Product Type
  • By Source
  • By Packaging Format
  • By Distribution Channel
  • By Region
Key Companies Profiled
  • PepsiCo. Inc.
  • Suntory Beverages & Food Ltd.
  • Super bock Bebidas
  • Icelandic Water Holdings ehf
  • Mountain Valley Spring Company
  • S&D Coffee & Tea
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Key Segments

Product Type:

  • Economic
  • Premium

Source:

  • Lemon
  • Orange
  • Lime
  • Grapefruit
  • Mixed

Packaging Format:

  • Glass Bottles
  • Tins
  • Plastic Bottles
  • Other

Distribution Channel:

  • Modern Trade
  • Specialty Stores
  • Convenience Stores
  • Commercial Market
  • Hotels/Restaurants/Bars
  • Online Retailers
  • Others

Regional:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan
  • The Middle East & Africa

Frequently Asked Questions

What is the Citrus Water Market Value in 2023?

The market is valued at US$ 10.59 million in 2023.

What is the Market CAGR from 2023 to 2033?

The market is estimated to develop at a 17.1% CAGR through 2033.

Which Factors Limit the Citrus Water Market Growth?

High cost and environmental factors limit the market growth.

What is China’s Expected Revenue in 2033?

China is estimated to generate 12.9% revenue by 2033.

Which is the Key segment by Product Type?

Premium citrus water is the key segment and is estimated to reach 56% by 2028.

Table of Content

1. Executive Summary | Citrus Water Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. Economic

        5.3.2. Premium

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Source, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Source, 2023 to 2033

        6.3.1. Lemon

        6.3.2. Orange

        6.3.3. Lime

        6.3.4. Grapefruit

        6.3.5. Mixed

    6.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Format

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Packaging Format , 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Packaging Format , 2023 to 2033

        7.3.1. Glass Bottles

        7.3.2. Tins

        7.3.3. Plastic Bottles

        7.3.4. Other

    7.4. Y-o-Y Growth Trend Analysis By Packaging Format , 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Packaging Format , 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) Analysis By Distribution Channel, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Distribution Channel, 2023 to 2033

        8.3.1. Modern Trade

        8.3.2. Specialty Stores

        8.3.3. Convenience Stores

        8.3.4. Commercial Market

        8.3.5. Hotels/Restaurants/Bars

        8.3.6. Online Retailers

    8.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. Asia Pacific

        9.3.5. Middle East and Africa

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. USA

            10.2.1.2. Canada

        10.2.2. By Product Type

        10.2.3. By Source

        10.2.4. By Packaging Format

        10.2.5. By Distribution Channel

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product Type

        10.3.3. By Source

        10.3.4. By Packaging Format

        10.3.5. By Distribution Channel

    10.4. Key Takeaways

11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By Product Type

        11.2.3. By Source

        11.2.4. By Packaging Format

        11.2.5. By Distribution Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Source

        11.3.4. By Packaging Format

        11.3.5. By Distribution Channel

    11.4. Key Takeaways

12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. United kingdom

            12.2.1.2. Spain

            12.2.1.3. Germany

            12.2.1.4. Italy

            12.2.1.5. France

            12.2.1.6. Rest of Europe

        12.2.2. By Product Type

        12.2.3. By Source

        12.2.4. By Packaging Format

        12.2.5. By Distribution Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Source

        12.3.4. By Packaging Format

        12.3.5. By Distribution Channel

    12.4. Key Takeaways

13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. India

            13.2.1.4. South Korea

            13.2.1.5. Rest of Asia Pacific

        13.2.2. By Product Type

        13.2.3. By Source

        13.2.4. By Packaging Format

        13.2.5. By Distribution Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Source

        13.3.4. By Packaging Format

        13.3.5. By Distribution Channel

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. South Africa

            14.2.1.2. GCC Countries

            14.2.1.3. Rest of Middle East and Africa

        14.2.2. By Product Type

        14.2.3. By Source

        14.2.4. By Packaging Format

        14.2.5. By Distribution Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By Source

        14.3.4. By Packaging Format

        14.3.5. By Distribution Channel

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Product Type

            15.1.2.2. By Source

            15.1.2.3. By Packaging Format

            15.1.2.4. By Distribution Channel

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Product Type

            15.2.2.2. By Source

            15.2.2.3. By Packaging Format

            15.2.2.4. By Distribution Channel

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Product Type

            15.3.2.2. By Source

            15.3.2.3. By Packaging Format

            15.3.2.4. By Distribution Channel

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Product Type

            15.4.2.2. By Source

            15.4.2.3. By Packaging Format

            15.4.2.4. By Distribution Channel

    15.5. United kingdom

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Product Type

            15.5.2.2. By Source

            15.5.2.3. By Packaging Format

            15.5.2.4. By Distribution Channel

    15.6. Spain

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Product Type

            15.6.2.2. By Source

            15.6.2.3. By Packaging Format

            15.6.2.4. By Distribution Channel

    15.7. Germany

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Product Type

            15.7.2.2. By Source

            15.7.2.3. By Packaging Format

            15.7.2.4. By Distribution Channel

    15.8. Italy

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Product Type

            15.8.2.2. By Source

            15.8.2.3. By Packaging Format

            15.8.2.4. By Distribution Channel

    15.9. France

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Product Type

            15.9.2.2. By Source

            15.9.2.3. By Packaging Format

            15.9.2.4. By Distribution Channel

    15.10. China

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Product Type

            15.10.2.2. By Source

            15.10.2.3. By Packaging Format

            15.10.2.4. By Distribution Channel

    15.11. Japan

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Product Type

            15.11.2.2. By Source

            15.11.2.3. By Packaging Format

            15.11.2.4. By Distribution Channel

    15.12. India

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Product Type

            15.12.2.2. By Source

            15.12.2.3. By Packaging Format

            15.12.2.4. By Distribution Channel

    15.13. South Korea

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Product Type

            15.13.2.2. By Source

            15.13.2.3. By Packaging Format

            15.13.2.4. By Distribution Channel

    15.14. South Africa

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Product Type

            15.14.2.2. By Source

            15.14.2.3. By Packaging Format

            15.14.2.4. By Distribution Channel

    15.15. GCC Countries

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Product Type

            15.15.2.2. By Source

            15.15.2.3. By Packaging Format

            15.15.2.4. By Distribution Channel

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Product Type

        16.3.3. By Source

        16.3.4. By Packaging Format

        16.3.5. By Distribution Channel

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Danone S.A.

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

        17.1.2. Nestle S.A.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

        17.1.3. The Coca Cola Company

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

        17.1.4. PepsiCo Inc.

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

        17.1.5. Suntory Beverages & Food Ltd.

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

        17.1.6. Super Bock Bebidas

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

        17.1.7. Ingredient Inc.

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

        17.1.8. Citrus Systems Inc.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

        17.1.9. Sensiet Technologies Corporation

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

        17.1.10. SunOpta

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 4: Global Market Value (US$ Million) Forecast by Packaging Format , 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033

Table 6: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033

Table 8: North America Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Packaging Format , 2018 to 2033

Table 10: North America Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033

Table 11: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 12: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 14: Latin America Market Value (US$ Million) Forecast by Packaging Format , 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033

Table 16: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 17: Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033

Table 18: Europe Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Packaging Format , 2018 to 2033

Table 20: Europe Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033

Table 21: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 22: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033

Table 23: Asia Pacific Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 24: Asia Pacific Market Value (US$ Million) Forecast by Packaging Format , 2018 to 2033

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033

Table 26: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 27: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2018 to 2033

Table 28: Middle East and Africa Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Packaging Format , 2018 to 2033

Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Source, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Packaging Format , 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Distribution Channel, 2023 to 2033

Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 6: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 13: Global Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 14: Global Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 15: Global Market Value (US$ Million) Analysis by Packaging Format , 2018 to 2033

Figure 16: Global Market Value Share (%) and BPS Analysis by Packaging Format , 2023 to 2033

Figure 17: Global Market Y-o-Y Growth (%) Projections by Packaging Format , 2023 to 2033

Figure 18: Global Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033

Figure 21: Global Market Attractiveness by Product Type, 2023 to 2033

Figure 22: Global Market Attractiveness by Source, 2023 to 2033

Figure 23: Global Market Attractiveness by Packaging Format , 2023 to 2033

Figure 24: Global Market Attractiveness by Distribution Channel, 2023 to 2033

Figure 25: Global Market Attractiveness by Region, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Product Type, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Source, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Packaging Format , 2023 to 2033

Figure 29: North America Market Value (US$ Million) by Distribution Channel, 2023 to 2033

Figure 30: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 31: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 34: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 38: North America Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 39: North America Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 40: North America Market Value (US$ Million) Analysis by Packaging Format , 2018 to 2033

Figure 41: North America Market Value Share (%) and BPS Analysis by Packaging Format , 2023 to 2033

Figure 42: North America Market Y-o-Y Growth (%) Projections by Packaging Format , 2023 to 2033

Figure 43: North America Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033

Figure 44: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033

Figure 45: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033

Figure 46: North America Market Attractiveness by Product Type, 2023 to 2033

Figure 47: North America Market Attractiveness by Source, 2023 to 2033

Figure 48: North America Market Attractiveness by Packaging Format , 2023 to 2033

Figure 49: North America Market Attractiveness by Distribution Channel, 2023 to 2033

Figure 50: North America Market Attractiveness by Country, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Source, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) by Packaging Format , 2023 to 2033

Figure 54: Latin America Market Value (US$ Million) by Distribution Channel, 2023 to 2033

Figure 55: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 56: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 59: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033

Figure 60: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033

Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033

Figure 62: Latin America Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Packaging Format , 2018 to 2033

Figure 66: Latin America Market Value Share (%) and BPS Analysis by Packaging Format , 2023 to 2033

Figure 67: Latin America Market Y-o-Y Growth (%) Projections by Packaging Format , 2023 to 2033

Figure 68: Latin America Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033

Figure 69: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033

Figure 70: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Product Type, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Source, 2023 to 2033

Figure 73: Latin America Market Attractiveness by Packaging Format , 2023 to 2033

Figure 74: Latin America Market Attractiveness by Distribution Channel, 2023 to 2033

Figure 75: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Product Type, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) by Source, 2023 to 2033

Figure 78: Europe Market Value (US$ Million) by Packaging Format , 2023 to 2033

Figure 79: Europe Market Value (US$ Million) by Distribution Channel, 2023 to 2033

Figure 80: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 84: Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033

Figure 85: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033

Figure 86: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033

Figure 87: Europe Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 88: Europe Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 89: Europe Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 90: Europe Market Value (US$ Million) Analysis by Packaging Format , 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Packaging Format , 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Packaging Format , 2023 to 2033

Figure 93: Europe Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033

Figure 94: Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033

Figure 95: Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033

Figure 96: Europe Market Attractiveness by Product Type, 2023 to 2033

Figure 97: Europe Market Attractiveness by Source, 2023 to 2033

Figure 98: Europe Market Attractiveness by Packaging Format , 2023 to 2033

Figure 99: Europe Market Attractiveness by Distribution Channel, 2023 to 2033

Figure 100: Europe Market Attractiveness by Country, 2023 to 2033

Figure 101: Asia Pacific Market Value (US$ Million) by Product Type, 2023 to 2033

Figure 102: Asia Pacific Market Value (US$ Million) by Source, 2023 to 2033

Figure 103: Asia Pacific Market Value (US$ Million) by Packaging Format , 2023 to 2033

Figure 104: Asia Pacific Market Value (US$ Million) by Distribution Channel, 2023 to 2033

Figure 105: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 106: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033

Figure 110: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033

Figure 111: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033

Figure 112: Asia Pacific Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 113: Asia Pacific Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 114: Asia Pacific Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 115: Asia Pacific Market Value (US$ Million) Analysis by Packaging Format , 2018 to 2033

Figure 116: Asia Pacific Market Value Share (%) and BPS Analysis by Packaging Format , 2023 to 2033

Figure 117: Asia Pacific Market Y-o-Y Growth (%) Projections by Packaging Format , 2023 to 2033

Figure 118: Asia Pacific Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033

Figure 119: Asia Pacific Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033

Figure 120: Asia Pacific Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033

Figure 121: Asia Pacific Market Attractiveness by Product Type, 2023 to 2033

Figure 122: Asia Pacific Market Attractiveness by Source, 2023 to 2033

Figure 123: Asia Pacific Market Attractiveness by Packaging Format , 2023 to 2033

Figure 124: Asia Pacific Market Attractiveness by Distribution Channel, 2023 to 2033

Figure 125: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 126: Middle East and Africa Market Value (US$ Million) by Product Type, 2023 to 2033

Figure 127: Middle East and Africa Market Value (US$ Million) by Source, 2023 to 2033

Figure 128: Middle East and Africa Market Value (US$ Million) by Packaging Format , 2023 to 2033

Figure 129: Middle East and Africa Market Value (US$ Million) by Distribution Channel, 2023 to 2033

Figure 130: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033

Figure 131: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2018 to 2033

Figure 135: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033

Figure 136: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033

Figure 137: Middle East and Africa Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 138: Middle East and Africa Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 139: Middle East and Africa Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 140: Middle East and Africa Market Value (US$ Million) Analysis by Packaging Format , 2018 to 2033

Figure 141: Middle East and Africa Market Value Share (%) and BPS Analysis by Packaging Format , 2023 to 2033

Figure 142: Middle East and Africa Market Y-o-Y Growth (%) Projections by Packaging Format , 2023 to 2033

Figure 143: Middle East and Africa Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033

Figure 144: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033

Figure 145: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033

Figure 146: Middle East and Africa Market Attractiveness by Product Type, 2023 to 2033

Figure 147: Middle East and Africa Market Attractiveness by Source, 2023 to 2033

Figure 148: Middle East and Africa Market Attractiveness by Packaging Format , 2023 to 2033

Figure 149: Middle East and Africa Market Attractiveness by Distribution Channel, 2023 to 2033

Figure 150: Middle East and Africa Market Attractiveness by Country, 2023 to 2033

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