The Fruit-Flavored Soft Drinks Market is being driven by Product innovations
The Fruit-Flavored Soft Drinks Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 26.9 billion. The craft soft drink market in the United States is experiencing significant growth, with an increasing number of consumers seeking unique, premium beverage options. These beverages, manufactured in small batches, are distinguished by their natural ingredients, unconventional packaging, and distinctive flavors. Millennials, known for their willingness to experiment with new products, are driving demand for these beverages. Key players in this segment include Jones Soda, Reed Brooklyn Soda Works, Dry Sparkling, and Cool Mountain Beverages, which are accessible to consumers via various retail and online channels. Supermarkets, such as Waitrose, have recognized the potential of this trend and have expanded their shelf space to accommodate these craft carbonated beverages.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
Market growth 2025-2029 |
USD 26.9 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
4.6 |
Key countries |
US, China, Canada, India, Germany, France, Mexico, UK, Brazil, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Fruit-Flavored Soft Drinks market encompasses non-alcoholic beverages, specifically Carbonated Soft Drinks, infused with natural juicy fruits. Manufacturers employ sweetening agents, natural flavors from Orange, Mango, Pineapple, Guava, Grapes, and Apple, and supplements like Bio-active compounds, Fiber, Sugars, Natural Acids, Phosphates, and Minerals. Consumer preferences lean towards health-conscious lifestyles, leading to the production of Clean Label Products and Functional Beverages rich in Antioxidants, Vitamins, and Minerals using Real Fruit Extracts and Natural Compounds.
The global non-alcoholic beverages market encompasses sectors such as carbonated soft drinks, juices and juice concentrates, bottled water, functional beverages, sports drinks, and others. According to Technavio's market research, the market's size is determined by the consolidated revenues of soft drink and non-alcoholic beverage manufacturers, excluding sales from dispensing equipment. Factors propelling market expansion include the continuous introduction of innovative products and new launches. Notably, the fruit-flavored carbonated soft drinks segment, featuring natural juicy fruits like orange, mango, pineapple, and guava, is experiencing significant growth due to consumer preference for healthier options and the increasing popularity of natural flavors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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