The Latest Report by IMARC Group’s titled “Ready-to-Drink Beverages Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global ready-to-drink beverages market size reached US$ 209.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 327.31 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4 % during 2023-2028.
Ready-to-Drink beverages refer to tea, coffee, energy drinks, yogurt drinks, pre-mixed cocktails, etc., that are prepared and packaged in advance and ready for human consumption at the time of purchase. They are available in the form of bottles, tetra packs, sachet, tin cans, etc. These ready-to-drink beverages can be consumed directly from the container, making them ideal for people who have a busy schedule or are on the go. They offer multiple health benefits and do not require additional preparation before consumption as compared to traditional beverage powders, mixes, or brew-it-yourself tea or coffee products. Ready-to-beverages are even extremely convenient to carry. Consequently, ready-to-drink beverages are in extensive demand among consumers across the globe.
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Ready-to-Drink Beverages Market Growth and Development:
The expanding working population and the emerging trends of on-the-go consumption are among the key factors driving the ready-to-drink beverages market. Additionally, the elevating consumer health consciousness and the escalating need for ready-to-consume functional drinks, smoothies, and organic juices fortified with probiotics, vitamins, natural ingredients, electrolytes, and antioxidants are acting as significant growth-inducing factors. Besides this, the launch of low-sugar, natural, and low-calorie variants in various innovative flavors and the increasing product premiumization by leading manufacturers to expand their product portfolio and cater to diverse customer preferences are also positively influencing the global market. Moreover, the growing product availability on online retail channels and the rising investments by several brands in aggressive product advertising, social media campaigns, and celebrity endorsements to create awareness among the target audience are expected to propel the ready-to-drink beverages market over the forecasted period.
Ready-to-Drink Beverages Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the ready-to-drink beverages market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Asahi Group Holdings Ltd.
• Brown–Forman Corporation
• Keurig Dr Pepper Inc.
• Nestle S.A.
• O-AT-KA Milk Products LLC
• PepsiCo Inc.
• Red Bull GmbH
• Suntory Holdings Limited
• The Coca-Cola Company
Key Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
• RTD Tea
• RTD Coffee
• Energy Drinks
• Yogurt Drinks
• Dairy-based Beverages
• Others
Breakup by Packaging:
• Bottles
• Tetra Pack
• Sachet
• Tin Can
• Others
Breakup by Distribution Channel:
• Business to Business (Foodservice)
• Business to Consumers
o Supermarkets and Hypermarkets
o Convenience Stores
o Specialty Stores
o Online Stores
o Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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