The global fusion beverage market size is estimated to be USD 6.6 Bn in the year 2022 that is expected to grow at a CAGR of 6.0% to reach USD 11.5 Bn by the year 2032.
Manufacturers in the fusion beverage business are striving for more sustainable and environmentally friendly packaging options that are not only beneficial for the environment but also profitable.
While keeping a healthy lifestyle, the new-age client wants to sample new flavors in their foods and beverages. In this context, fusion beverages have cleverly carved out niches on consumer wish lists, and the growing hunger for functional beverages will increase their use in the coming years.
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To keep up with changing market trends, fusion beverage companies will be under pressure to develop a culture of continuous innovation. People now have easy access to fusion beverages thanks to an unprecedented increase in the number of convenience stores, malls, supermarkets, and hypermarkets which will assist the growth of the fusion beverage market.
Key takeaways:
- The fusion beverage market in Europe and North America has a lot of potentials since they are expected to account for about 51% of the market by 2022.
- Fusion beverages are projected to discover new prospects in 2022 and beyond as consumers demand beverages that provide ‘multi-sensory’ experiences which fusion beverages fulfill.
- Manufacturers are developing product concepts that include nectars, juices, smoothies, and fruit splashes, which not only impress customers with their naturally fresh flavor but also inspire healthy and innovative product positioning.
- Due to Covid’s travel restrictions, online markets have made fusion market products increasingly accessible. Pubs and bars are becoming more popular as the young population becomes more interested in nightlife. Because fusion drinks are a key product provided in these establishments, the industry appears to be highly promising in the future.
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“Various trends like hyped online market after covid, Healthy lifestyle, demand for tasty and flavorful experience in the beverage and increasing trend for sports and fitness can prove to be major driving factors for the growing fusion beverage market,” says a lead analyst at Future Market Insights.
Competitive landscape:
The fusion beverage market is expected to have promising growth attributed to the rising demand in youth and increase in demand for healthy beverage alternative that provides a taste experience to consumers. Companies opting for sustainable practices and research to improve the quality and taste of fusion beverage is estimated to give a significant boost to the growth of this segment.
- BIOTA, for example, employs biodegradable bottles that are both environmentally beneficial and biodegradable. Coca-cola is also committed to environmental stewardship, recycling or refilling around 60% of its packaging.
- Low sugar/no sugar fusion beverages such as Coke No Sugar, Reed’s Zero Sugar Real Ginger Ale, Bubly Sparkling Water (Cherry), and Zevia Zero Calorie Soda Cola are among the many low sugar/no sugar fusion beverages that allow for a sugar reduction of up to 100%, giving the fusion beverage market a boost.
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Future Market Insights, in its new offering, provides an unbiased analysis of the truffles presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.
Fusion Beverage Market Segmentation
By Product Type :
- Fused coffee and tea
- Carbonated Drinks
- Fusion alcoholic Beverage
- Fruit Juice
- Energy and Sports Drinks
- Others
By Distribution Channel :
- Off-Trade
- Grocers
- Hypermarkets
- Discounters
- Online stores
- Highly specialized retailers
- Alcohol, confectionery and Off-license stores
- Supermarkets
- Petrol stations
- On-Trade
- Bars, Pubs and cafeterias
- Restaurants
- Hotels and resorts
- Temporary retail points, mass events
- Clubs, discos
By Regions :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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