In the world economic growth, the Beverage Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Beverage market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Beverage market size will be further expanded, we expect that by 2024, The market size of the Beverage will reach XXX million $.
Beverages are liquids intended for human consumption. There are various types of beverages that include, non-alcoholic drinks, sleep drinks, alcoholic drinks, and hot drinks. Non-alcoholic beverages include water, milk, soft drinks, and juice and juice drinks. Alcoholic beverages include, beer, cider, wine, and spirits. Hot beverages include coffee, hot chocolate, and tea.
Increasing consumption of coffee is expected to propel growth of the global beverages market over the forecast period. For instance, according to the U.S. Department of Agriculture’s Agricultural Statistics 2018, per capita consumption of coffee in the U.S. increased from 9.6 in 2011 to 10.2 in 2015.
Moreover, increasing production of black tea is also expected to aid in growth of the market. For instance, according to Food and Agriculture Organization of the United Nations, worldwide production of black tea is projected to rise annually by 2.2% during 2018-2027 to reach 4.4 million tons in 2027.
However, constantly changing temperature and rainfall patterns worldwide due to global warming is expected to affect the production of cocoa beans, tea leaves, sugar cane and other plants and grains used for producing various beverages. This in turn is expected to hinder growth of the market.
The preference for sparkling wine in high in Asia Pacific. For instance, according to the study, “Understanding Australian Wine Consumers’ Preferences for Different Sparkling Wine Styles”, published in March 2020, sparkling white wine and champagne were generally the preferred styles for consumers of Australian wine.
The consumption of lactic fermented fruit or vegetable juices is increasing among the populace. According to a study Qualisud, Univ La Réunion, France, in February 2020, consumption of lactic fermented fruit or vegetable juices can improve intestinal tract health, enhance the immune system, synthesize and reduce the risk of certain cancers and cardiovascular diseases.
Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in March 2020, PepsiCo, Inc. entered into an agreement to acquire Rockstar Energy Beverages.
Major players in the market are also focused on launching new products to expand their product portfolio. For instance, in January 2020, The Coca-Cola Company launched Coca-Cola Energy, Coca-Cola Energy Cherry and their zero-calorie counterparts in the U.S.
Key Takeaways:
- Increasing consumption of coffee to augment growth of the global beverages market over the forecast period
- Major players operating in the global beverages market include, Nestle, Kraft Heinz, PepsiCo, Inc., The Coca-Cola Company, Arizona Beverages USA, Cott Beverages, Heartland LLC, Orange Crush Company, Pioma Industries, Splash Corporation, Gatorade Company Inc., and Wisdom Natural Brands
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
➣ Nestle
➣ Kraft Heinz
➣ PepsiCo
➣ Coca-Cola Company
➣ Arizona Beverages USA
➣ Cott Beverages
➣ Heartland LLC
➣ Orange Crush Company
➣ Pioma Industries
➣ Splash Corporation
➣ Gatorade Company Inc.
➣ Wisdom Natural Brands
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
➣ Flavored Drops
➣ Energy Drops
➣ Fitness and Workout Drops
Industry Segmentation:
➣ Soft Beverage
➣ Alcoholic Beverage
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
Request Discount 
Inquire Before Buy
