Ready to Drink Beverages Market Landscape Assessment by Type, Opportunities and Higher Growth Rate by 2032

The Ready-to-Drink Beverages Market is projected to grow at a CAGR of 6.5% during the forecast period. Global ready to drink beverage market has value US$17.4 Bn in 2022 and expected to grow with CAGR ~6.5% in forecast period.

In the global beverages market, innovation in product is ongoing process which has helped it evolve over decades. Story of soft drinks started with simple cola flavoured soda in the 90’s and has evolved to large varieties with different properties such as with infused flavor, additional antioxidants, and various other properties.

Request for Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11615

Rising flavor inspiration amongst the customers has also raised the demand for exciting flavors and more pleasant beverages in the market, which has generated various new concepts in the beverage industry, such as ready to drink beverages, functional beverages, infused beverages. Ready to drink beverage is gaining customer’s attention with its high nutritional value and vibrant flavor due to addition of more than one component in the ready to drink beverages.

The number of COVID-19 patients is increasing across the globe because of which the governments of various countries have extended their lockdown. All companies and factories are closed in lockdown which impacts the production of ready to drink beverages.

There is possibility of disturbance in supply chain because of limited production of ready to drink beverages in lockdown. Moderate growth rate is expected in ready to drink beverages market in next two years as world is facing economic crises. The COVID-19 is caused by animals so consumers prefer plant based products over animal based products.

The consumption of vegan ready to drink beverages is expected to grow rapidly in the forecast period.

Key Takeaways from the Ready to Drink Beverages Market Study

  • Recent research data suggests that the global prevalence of obesity has increased by more than 75% since 1980, while in the last twenty years it has tripled in developing countries and particularly, in low income countries. More than 1.1 billion adults are overweight, of which 312 million are obese. Thus, market players in food & beverage industry are highly focusing to embed healthy ingredients in their end products to develop insulin resistance, lower body fats and fluid lipid. In addition to this, ready to drink beverages also helps to suppress food intake together with increase in energy expenditure to reduce body fat.
  • Millennials are the target audience for the ready to drink beverage market. The health-conscious millennials continue to redefine ready to drink beverage market. Ready to drink beverages give them freshness as well as energy. They are generation of busy lifestyles because of which they look for convenient, simple ways to conform to healthy lifestyle.  The attractive unique packaging design on ready to drink beverages are favourable for beverage brands to market their product to young population. The eye catching slogan or advertisement on social media is influential factor for millennials towards ready to drink beverages.

“The awareness of health and wellness is rising due to which the demand for healthy and nutritious ready to drink beverages is rising. The frequency of launching gluten-free, fat-free, organic and vegan ready to drink beverages is increasing as well. Coupled with these, innovations in both organic and conventional ready to drink beverages will drive the market,” said an analyst at FMI.   

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-11615

Attractive Packaging Drawing the Attention of Consumers

Large number of manufacturers are entering into ready to drink beverages market which creates the intense competition. To stand out in the competition manufacturers are focusing on innovative and unique packaging styles to grab the attention of consumers.

Craft beers and sparkling soda brands are following the trend of premium packaging trend. The quality and sustainability are the most important point which impacts the sale of ready to drink beverages market. There is inclination towards cans and glass bottles in ready to drink beverages as it gives premium look.

Yugen which is a Belgian brand collaborated with Ball Corporation to produce new range of Kombucha packaged in printed cans. Attractive and unique packaging drawing attention of consumers.

Who is winning?

A few of the leading players operating in the global ready to drink beverages market are PepsiCo, Fuze Beverage, Coca Cola, Danone, Kraft Foods, Keurig Dr Pepper, Inc., Campbell Soup Company and Abbott and other players.

Several leading manufacturers of ready to drink beverages are focusing on mergers and acquisition to expand its business geographical presence and to product portfolio. Leading players of ready to drink beverages are investing in research and development to produce innovative products of ready to drink beverages.

  • In 2017, Danone Group acquired White Wave Foods. The aim behind the acquisition was to strengthen the healthy and nutritious ready to drink beverages market in North America.
  • In January 2021, the Keurig Dr Pepper Inc. entered into a merger agreement with Maple Parent, which owns Keurig. The combined businesses created Keurig Dr Pepper Inc. (“KDP”) to expand distribution capability and reach virtually every point-of-sale in North America.

Get Valuable Insights into Ready to Drink Beverages Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global ready to drink beverages market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the ready to drink beverages market based product type (Tea, Coffee, Energy Drinks, Yogurt Drinks, Dairy Based beverages, Non-Dairy Based Beverages, Fortified Water, & Others), nature (organic and conventional), packaging (Bottle, Tetra Pack, Sachet, Tin Can and Others), distribution channel (Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Speciality Stores & Online retail) across seven major regions.

Contact Sales for Further Assistance in Purchasing this Report – https://www.futuremarketinsights.com/checkout/11615

Frequently Asked Questions

  • What is the growth rate of the Ready to Drink Beverages market?
  • What is the market’s forecasted outlook for 2022-2032?
  • What are the major industry drivers?
  • What are the key industry strategies of the global ready to drink beverages market?
  • What are the major regional markets for ready to drink beverages?
  • Which region consumes the highest amount of ready to drink beverages?
  • What are the most common types of ready to drink beverages in the market?
  • What are the market’s major distribution channel segments?
  • What are the Key companies operating in the market?

About FMI

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.

Contact Us:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

LinkedInTwitterBlogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these