Market Snapshot:
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.
Highlights from Ready to Drink Beverages Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are 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). Additionally, other players that are part of this comprehensive study are Hangzhou Wahaha Group Co., Ltd. (China), Parle Agro (India) and Monster Beverage Corporation (United States).
Geographic Breakdown and Segment Analysis
The Global Ready to Drink Beverages market presents a comprehensive analysis of the Ready to Drink Beverages market by product type (Alcoholic (Alcopop, Beer, Others) and Non-Alcoholic (Juices, Tea, Coffee, Soft Drinks, Energy Drinks, Drinkable Yoghurt, Sparkling Water Others)), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Ready to Drink Beverages industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Ready to Drink Beverages market
Analyst at AMA have segmented the market study of Global Ready to Drink Beverages market by Type, Application and Region.
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
Market Developments Activities:
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.
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Key Target Audience
Ready to Drink Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others