Soft drinks are beverages market containing distilled water, sweetening agents, and flavoring agents. The sweetening agent used may be sugar, sweetener, high-fructose corn syrup, or any other sweet enhancing substance. Soft drinks may contain caffeine, coloring agents, preservatives, and other additives depending on the type the manufacturing industry is trying to produce.
A colouring ingredient, for example, is added to Coca-Cola’s coke to give it the dark colour noticed. Water makes up over 80% of the total composition of soft drinks. The water used increases the weight of soft drinks, increasing transportation costs. To minimise or reduce this cost, the materials used to make soft drinks are processed into concentrates.
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Soft drinks are made out of sugar, colouring agents, flavours, and maybe stabilisers or fruit concentrates, together with a small amount of filtered water. The worldwide soft drinks concentrate market has developed tremendously in the food and beverage industry due to the convenience of operation and availability of soft drink variants.
As the trend towards the consumption of convenience food increases, the soft drinks concentrate market will witness tremendous growth during the forecast period and beyond
Soft Drinks Concentrate Market Growth Driver
As the population size of consumers increases, the global soft drinks market expands. This is the primary factor fueling the growth of the industry. Consumers’ preference for quality food products with high nutritional value has spurred the market growth. Key players in the industry are focusing on innovative products that attract consumers toward the consumption of their products, and this is expected to improve the sales of soft drinks globally.
The increasing variety of soft drinks concentrate has fostered the acceleration in the growth of the market. The soft drinks market is driven by consumers’ demand for processed food products without giving regards to the taste or nutritional value contained in the product.
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In addition, growing consumers’ awareness of the health benefits associated with soft drinks, concentrates, has further fostered the growth of the market. This is slated to continue over the forecast period.
Furthermore, changing consumers’ lifestyles, coupled with increasing demand in the food and beverage sector, has augmented the global market demand. The rise in the number of consumers has significantly impacted the growth of the soft drinks concentrate market.
With the rise in consumers’ demand for healthy food products, the global soft drinks concentrate market is expected to witness significant growth during the forecast period. Increasing the per capita income of people in developed and developing countries is also slated to augment the demand for beverages. This will accelerate the growth of the global soft drinks concentration market over the foreseeable period.
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