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Soft Drinks Concentrate Market Revenue, Opportunity, Segment and Key Trends 2016-2024
About 80% of a soft drink is composed of water. It is owing to this that the transportation of soft drinks incurs extra charges; soft drinks also occupy extra space in storage facilities and warehouses. In order to allay these problems, soft drink ingredients are further processed so they can be concentrated. The soft drink concentrate thus derived typically consists of ingredients such as color, sugar, and flavors. In some formulations, the use of stabilizers and fruit concentrates (with low water content) may also be seen. The soft drink concentrate industry has been growing at a rapid pace and now forms an important part of the food and beverages sector.
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This is attributable to their lower weight, availability in different varieties, and ease of use. With consumers purchasing more processed foods, the demand for soft drink concentrate is also expected to expand at a remarkable rate.
Soft Drinks Concentrate Market: Region-wise Outlook
The market for soft drinks concentrate can be segmented basis of region into: Eastern Europe, Latin America, Asia Pacific, North America, Middle East and Africa, and Japan. The global soft drinks concentrate market is projected to show a healthy rate of growth through 2025. This will be the result of the rising demand for soft drinks available in the ready-to-drink form and the steadily growing demand for convenience foods worldwide.
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Soft Drinks Concentrate Market: Drivers
The growing global population is expected to create a strong impact on food supply globally. However, the trend is now moving toward better nutrition, detailed labeling, and quality of food. Heavy spending on appealing advertisements by leading MNCs in the food and beverages industry, combined with the availability of newer soft drink varieties, will help boost sales of soft drinks concentrates the world over. Several manufacturers are also adhering to good manufacturing practices (GMP) to formulate safe products.
Soft Drinks Concentrate Market: Key Players
The leading global players in the soft drinks concentrate market are: PepsiCo Inc., Monster Beverage Corp., Cott Corporation, the Coca-Cola Company, Kraft Foods, and Dohler Group.
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