Authored By: Sarah
23 Aug 2024

Soft Drink Concentrates Market Size to grow by USD 17.3 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Soft Drink Concentrates Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

  • Market Research Overview: The global soft drinks and non-alcoholic beverages market encompasses sectors like carbonated beverages, juices and juice concentrates, bottled water, functional beverages, sports drinks, and others, which include plant-based beverages, prebiotic and probiotic drinks, soy-based drinks, dairy-based drinks, and specialty drinks. According to Technavio's market analysis, the market size is determined by the consolidated revenues of soft drinks and non-alcoholic beverages manufacturers, excluding sales from dispensing equipment. Key growth drivers for this market include the increasing number of product innovations and launches. - The Soft Drink Concentrates Market is experiencing significant growth, fueled by the Strong distribution network. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

  • Major Findings:
    • Strong distribution network
    • Hectic lifestyle and need for instant energy
    • Increasing obesity rates and other related issues
    • Easy availability of counterfeit products
  • Growth Projections

The market size is estimated to grow by USD 17.3 billion, at a CAGR of 7.45% during the forecast period. The craft soft drink market in the US is experiencing significant growth due to the rising demand for premium, naturally sourced carbonated beverages. These beverages, produced in small batches, offer unique flavors and unconventional packaging that cater to the preferences of millennial consumers. Key players in this segment include Jones Soda, Reed's Brooklyn Soda Works, Dry Sparkling, and Cool Mountain Beverages. Supermarkets, such as Waitrose, have recognized the trend and increased their shelf space allocation for these products. Consumers can access these craft soft drinks through various retail and online channels. The growth rate of this segment is high, driven by the increasing willingness of consumers to experiment with new and innovative beverage options.

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  • Regional Insights

The soft drink concentrates market represents a significant business opportunity for manufacturers and distributors. This sector experiences consistent growth due to increasing consumer demand for convenient and cost-effective beverage solutions. Key players in this market prioritize innovation, sustainability, and cost efficiency to meet evolving consumer preferences and regulatory requirements. The market is segmented by product type, application, and region, with key trends including the rise of functional and organic beverages, and the growing popularity of plant-based and low-sugar options.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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