Industry Background:
Ready to Drink Beverages drinks available in packaged form. Such beverages come in different compositions both in alcoholic and non-alcoholic forms. The ease of convenience, lifestyle changes, increasing disposable income, and a large variety of options have led to the growth of the ready-to-drink beverages market. With the increasing consciousness about health, the demand for beverages with natural, organic ingredients has increased. Rising Obesity in North America and Europe has also led to people demanding more diet-friendly products such as low calorie, low sugar or no sugar beverages. Geographically, Asia Pacific is the biggest market with Europe and North America following the lead.This growth is primarily driven by Rising Disposable Income
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Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Beverages sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as PepsiCo, Inc. (United States), Coca-Cola Company (United States), Nestlé S.A. (Switzerland), Cargill Inc. (United States), Diageo plc (United Kingdom), Red Bull GmbH (Austria), Danone S.A. (France), Anheuser-Busch Inbev (Belgium), Dr Pepper Snapple Group (United States) and Unilever plc (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Nestlé USA, the industry leader in the food and beverages industry in North America has announced the acquisition of Essentia Water. The acquisition is aimed at expanding Nestle’s Global Water Business Portfolio. Additionally, in 2020, PepsiCo, Inc., Multinational Food and Beverages Giant announced its plans to acquire Rockstar Energy Beverages with the signing of an agreement. The acquisition was fuelled by rising demand in the functional beverages segment.
In 2021, PepsiCo, Inc., Global Giant in Beverages Industry announced that it will launch a new Permanent Flavoured Drink, Pepsi Mango, a mix of cola and tropical fruit flavor in India in 2021. Additionally, in 2020, Coca-Cola India, a subsidiary of Multinational Food and Beverages Giant Coca-Cola Company, launched 2 new products under its minute maid brand called Vita Punch and Nutri Force, to meet the growing demand for fruit-based ready to drink beverages.
Regulatory Insights:
United States FDA has Established Current Good Manufacturing Practices (CGMPs) for Carbonated Soft Drink Manufacturers, all Additives and Ingredients in Conventional Food such as Ready to Drink Beverages must be Pre-Approved by FDA.
Influencing Trend:
Hard Seltzers are rising in Demand in Alcoholic Beverages Segment and Energy Drinks, Diet Conscious Drinks, and Healthy-Organic Drinks are Becoming Popular
Market Growth Drivers:
Rising Disposable Income, Growth of E-Commerce Stores and their Increased Penetration in the Market, Change in Lifestyle of People due to Rise of Urbanisation Culture and The Emergence of Food and Beverages Delivery Companies
Challenges:
Intense Competition in the Market Especially from the Local Players and Continuous Innovation Required in Product and Marketing
Restraints:
Presence of Counterfeit Products in the Market and Increasing Stringent and Complex Government Regulations
Opportunities:
Strategic Partnerships with Fast Food Chains
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ready to Drink Beverages Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ready to Drink Beverages Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ready to Drink Beverages players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ready to Drink Beverages Study Sheds Light on
The Ready to Drink Beverages Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ready to Drink Beverages industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ready to Drink Beverages industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.