The fruit-flavored soft drinks market share will post an incremental growth of 23.95 billion, progressing at a CAGR of 4.75% during the forecast period. The product innovations will offer immense growth opportunities to market vendors. The fruit-flavored soft drinks market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Fruit-flavored Soft Drinks Market by Application and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The fruit-flavored soft drinks market is segmented by application (fruit-flavored carbonated soft drinks and fruit-flavored non-carbonated soft drinks) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
The growth of the fruit-flavored soft drinks market in the fruit-flavored carbonated soft drink segment will be significant during the forecast period. In terms of geographic segmentation, factors such as growing investments, the introduction of new products, and product innovations will facilitate the fruit-flavored soft drinks market growth in APAC over the forecast period. 37% of the market's growth will originate from APAC. China, India, and Japan are the key markets for the fruit-flavored soft drinks market in APAC.
The product innovations will directly influence the sales of the fruit-flavored soft drinks market. In addition, the increasing demand for craft soft drinks is one of the major fruit-flavored soft drinks market trends that will positively impact the market growth. However, factors such as the increasing obesity rates and health-related issues will hamper the fruit-flavored soft drinks market growth.
Some of the major fruit-flavored soft drinks market vendors are AriZona Beverages USA LLC, Britvic Plc, Brooklyn Soda Works, Callaway Family Co., Cool Mountain Beverages Inc., Dabur India Ltd., DRY Soda Co., Hydro One Beverages, Jones Soda Co., Keurig Dr. Pepper Inc., Monster Energy Co., Nestle SA, PepsiCo Inc., Red Bull GmbH, and The coca-cola co.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the fruit-flavored soft drinks market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the fruit-flavored soft drinks market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the fruit-flavored soft drinks market.
Fruit-flavored soft drinks industry growth across North America, Europe, APAC, South America, and Middle East and Africa.
