Ready to Drink Beverages Market Value to Surpass US$ 24.7 Bn in 2030.
Rising at a CAGR of ~7.0%, the global ready to drink beverages market will reach US$ 24.7 Bn mark by 2030. The report forecasts the market to continue exhibiting a steady pace of growth through the course of the forecast period.
Consumers approach wellness in a holistic view these days. They prefer foods that come are natural, vegan, GMO-free, organic, and other clean label cues. This trend is taking over ready to drink beverages as well as more consumers want functional and healthy beverages. They are determined to make more purposeful choices with their buying power, purchasing with intention in order to create positive and valuable experiences.
Consumer is more experimental with what and how they eat, wanting to have exciting and outlandish experiences with friends whilst enjoying new flavors, textures and ways of preparing and mixing-up different flavor for drinks. The leading manufacturers of ready to drink beverages are investing in research and development due to produce innovative ready to drink beverages products. Because of innovative and unique flavors the consumption of ready to drink beverages is rising.
Ready to Drink Beverages Market Value in 2020
US$ 17.32 Bn
North America, Latin America, Europe, Asia Pacific, Oceania, Japan, and MEA
The key companies are PepsiCo, Fuze Beverage, Coca Cola, Danone, Kraft Foods, Keurig Dr Pepper, Inc., Campbell Soup Company and Abbott
Key Research Findings
- The global ready to drink beverages market surpassed its US$ 17.32 Bn mark in 2020
- The animal welfare is rising rapidly due to which veganism is rising globally which is driving ready to drink beverages market
- The rising awareness of health and wellness is driving the ready to drink beverages market as companies are launching frequently gluten-free, sugar-free ready to drink beverages productsCO2 Extract
- Europe is leading in ready to drink beverages market and expected to rapidly grow in the ready to drink beverages market with the CAGR 6.5%
KEY FACTORS SHAPING THE READY TO DRINK BEVERAGES MARKET
COVID-19 Impact on Ready to Drink Beverages Market
Production of ready-to-drink beverages is impacted due to lockdown enforced across the world. The recent coronavirus outbreak is likely to have considerable impact on the market. Changing consumer preferences however may augur well. With an increasing number of nations swept by stay at home orders, consumers are keener on stockpiling essential commodities. As a result of this, a spike in ready-to-drink beverages sales is likely.
Increasing Demand for Natural Ingredients over Fortification
In a survey, it has been revealed that the consumers are demanding for more natural products in the ready to drink beverages than the added antioxidants, vitamins and minerals in the ready to drink beverages. In ready to drink beverages, fruit concentrates are added which impart the equal health benefits as the ready to drink beverage, abreast the growth of global beverages market.
READY TO DRINK BEVERAGES MARKET STRUCTURE ANALYSIS
- Tier one companies such as PepsiCo, Coca Cola and Danone and others are focusing on research and development to increase the sustainability of the food products
- Companies are focusing on acquisition and mergers to strengthen their supply chain management and to expand their business footprints
Coffee Accounts for About 30% Share
According to the Food Editorial, with over 2.25 billion cups of coffee are being consumed on an average each day.Coffee is the most widely consumed beverage on the planet and is even more popular than tea. Europe has the largest number of coffee drinkers. It represents nearly 30% of the global coffee market. Per-capita coffee consumption is also the highest here at 3.3 kg annually. According to the Forbes report published on coffee in 2017, 46% of coffee was consumed outside of the home mostly in the coffee shops. Drinking coffee every day is a routine for 40% of college students. Coffee holds 30% share, its increasing consumption will bode well for the ready to drink beverages market
Developing Countries Offer Lucrative Growth Opportunities
North America and Europe are leading the ready to drink beverages market. But developing regions are expected to grow rapidly in the coming years. The awareness regarding health and wellness is increasing rapidly in developing countries due to which consumption of healthy ready to drink beverages is increasing. The demand for nutritious, protein-oriented, gluten-free, sugar-free and Non-GMO ready to drink beverages is rising rapidly in these regions. Due to the changing lifestyle and urbanization the coffee consumption is increasing which is driving ready to drink beverages market. The key players of ready to drink beverages are expanding their business footprints in these regions due to rising sale of ready to drink beverages in the Asia Pacific and Latin America.
In 2018, the Coca Cola successfully re-launched FUZE Tea in Mexico, a mix of black and green tea with invigorating fruit flavors, across Mexico
In 2017, Campbell Soup Company acquired Pacific Foods of Oregon to expand its product portfolio and to strengthen its distribution channel in Asia Pacific
Growing Health & Wellness Trend
This is a reentering of the space age enthrallment with beverage as a symbol of human progression for ethical and moral gain as well as enabling greater personal freedom produce innovative beverages in innovative ways such as ready to drink beverages. Not just novel use of ‘molecular gastronomy’ but use of science and tech for smarter and more advanced beverage solutions. Barriers are progressively being detached that allow manufacturers to play an active role in the preparation of innovative ready to drink beverage products and they have been given more opportunities to experiment with flavors.
Consumers are becoming health conscious as the awareness of mindful living and nutritious food is rising. The number of diseases such as high sugar level, blood pressure and heart diseases caused due to obesity are increasing due to which consumers are avoiding unhealthy food products. Consumers are focusing on exercising and following proper diet which give them proper nutrition intake as well as reduces the obesity. Consumers are preferring organic and natural products to maintain healthy lifestyle. Manufacturers are producing various sugar-free, vegan, gluten-free and organic ready to drink beverages due to which the consumption is rising rapidly.
Fortified water holds leading revenue share
Coffee showcase noteworthy CAGR
Conventional holds leading revenue share
Organic showcase noteworthy CAGR
Bottle holds leading revenue share
Tins showcase noteworthy CAGR
Supermarkets/ Hypermarkets holds leading revenue share
Online retail showcase noteworthy CAGR
How Growth will Unfold
Innovation is the key driver for ready to drinks beverages market. The manufacturers are investing in researchers and development to produce innovative and unique ready to drinks beverages. They are concentrating on producing products according consumer needs and latest trends. Consumers’ awareness regarding health and wellness is rising is rapidly due to which companies are launching various gluten-free, natural, organic and sugar-free ready to drinks beverages products frequently to woo health-conscious consumers. Furthermore, several manufacturers are launching unique vegan ready to drinks beverages to appease the vegan population. These ready to drinks beverages are easily available in store based and online retail due to which the sale of products is expected to rise rapidly in the forecast period. Manufacturing and advertising efforts of companies will give further impetus to the market in the coming years.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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A recent market study published by FMI “Ready to drink beverages Market: Global Industry Analysis 2015-2019 & Forecast 2020-2030” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the Ready to drink beverages market, the growth prospects of the market are obtained with maximum precision.
Ready to Drink Beverages Market Taxonomy
The global Ready to drink beverages market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
By Product Type
- Energy Drinks
- Yogurt Drinks
- Dairy Based beverages
- Non-Dairy Based Beverages
- Fortified Water
- Tetra Pack
- Tin Can
By Distribution Channel
- Convenience Stores
- Grocery Stores
- Speciality Stores
- Online retail
- North America
- Latin America
- Asia Pacific
The executive summary of the Ready to drink beverages market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Ready to drink beverages market.
Readers can find the detailed segmentation and definition of the Ready to drink beverages market in this chapter, which will help them understand basic information about the Ready to drink beverages market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Ready to drink beverages market report.
The associated industry assessment of the Ready to drink beverages market is carried out in this section. The macroeconomic factors affecting growth of the Ready to drink beverages market are provided in this section and the impact of these macroeconomic indicators on the Ready to drink beverages market is analyzed. The processing overview and technological advancements in the Ready to drink beverages market is also provided.
Profit margins at each level of the Ready to drink beverages market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the Ready to drink beverages market are explained in this chapter. Opportunities and ongoing trends in the Ready to drink beverages market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Ready to drink beverages market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on product type, the Ready to drink beverages market is segmented into tea, coffee, energy drinks, yogurt drinks, dairy based beverages, non-dairy based beverages, fortified water and others. This section also offers market attractiveness analysis based on product type
Based on nature, the Ready to drink beverages market is segmented into organic and conventional. This section also offers market attractiveness analysis based on nature.
Based on packaging, the Ready to drink beverages market is segmented into bottle, tetra pack, sachet, tin can and others. This section also offers market attractiveness analysis based on packaging.
Based on distribution channel, the Ready to drink beverages market is segmented into supermarket/ hypermarkets, convenience stores, grocery stores, specialty stores and online retail . This section also offers market attractiveness analysis based on distribution channel.
This chapter explains how the Ready to drink beverages market is anticipated to grow across North America, Latin America, Europe, Asia Pacific, Oceania, Japan and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Ready to drink beverages market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Ready to drink beverages market in the Latin America region. This chapter also includes growth prospects of the Ready to drink beverages market in leading LATAM countries such as Brazil, Mexico, Peru, Argentina, and the Rest of Latin America.
Important growth prospects of the Ready to drink beverages market based on its application in several countries such as EU-4, U.K., Russia, Nordic, BENELUX, Poland, and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the Ready to drink beverages market in the Asia Pacific Excluding China region, along with a country-wise assessment that includes, China, India, South Korea, and ASEAN. Readers can also find regional trends, regulations, and market growth based on applications and countries in the Asia Pacific region.
This chapter includes a detailed analysis of the growth of the Ready to drink beverages market in the Oceania region, along with a country-wise assessment that includes the Australia and New Zealand. Readers can also find regional trends, regulations, and market growth based on application and countries in the Oceania region.
This chapter offers insights into how the Ready to drink beverages market is expected to grow in Japan, along with different segments of the market during the forecast period of 2020-2030.
This chapter offers insights into how the Ready to drink beverages market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Northern Africa, and the Rest of MEA, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Ready to drink beverages market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Ready to drink beverages market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are PepsiCo, Fuze Beverage, Coca Cola, Danone, Kraft Foods, Keurig Dr Pepper, Inc., Campbell Soup Company and Abbott and other players.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Ready to drink beverages report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Ready to drink beverages market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Tobacco Vapor Electronic Cigarette Association
- American Lung Association
- Confederation of European Community Cigarette Manufacturers
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits