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Instant Beverage Premixes Market Detailed Analysis & Focusing on Key Leaders - Suntory Beverage & Food Ltd., The Republic of Tea Inc., Tata Group, Monster Beverage Co., The Coco-Cola Co., Neel Beverages Pvt. Ltd., Keurig Green Mountain Inc., Starbucks Cor
Instant Beverage Premixes
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Instant coffee premix segment dominated the instant beverage premix market in 2016. This is owing to coffee being the preferred drink in the world. According to International Coffee Organization, the consumption of coffee was 155.1 million bags in 2016–2017, which is expected to increase up to 157.6 million bags in 2017–2018. Moreover, players in the market are focusing on launching instant coffee premixes, which is further expected to aid in growth of the market. For instance, in 2015, Tata Global Beverages Limited entered into instant coffee business through the launch of Tata Coffee Grand.
Online stores segment is projected to exhibit high growth over the forecast period. This growth is attributed to increasing inclination of consumers towards online shopping, owing to high availability of options, discounts, home delivery, and others. Therefore, major players are focusing on collaborating with online shopping stores to enhance their businesses and consumer base. For instance, in 2016, Nestle India partnered with Snapdeal for the distribution of its new Nescafé Sunrise Insta-Filter product.
Global Instant Beverage Premixes Market Outlook
Asia Pacific is expected to be the largest market in the instant beverage premixes over the forecast period. India and China are projected to be the growth engines in the region. This is due to traditional inclination of the populace towards coffee and increasing number of manufacturers setting up production facilities in the region.
Europe is expected to be the second largest region in terms of revenue growth in the global instant beverage premixes market, owing to rampant increase in consumption of instant tea and coffee in this region. According to Coherent Market Insights, Russia is one of the biggest tea markets around 88% of the Russians consuming tea. This is further resulting in rise in number of instant tea premix consumers in Russia and thereby, significantly contributing to growth of the Europe instant beverage premix market.
North America is projected to exhibit significant growth in the instant beverage premixes market, owing to increasing working population and presence of major market players in this region. Major players in this region are focusing on expanding their business in the emerging countries of Asia Pacific and Africa.
Major players in the instant beverage premixes market include Suntory Beverage & Food Ltd., The Republic of Tea Inc., Tata Group, Monster Beverage Co., The Coco-Cola Co., Neel Beverages Pvt. Ltd., Keurig Green Mountain Inc., Starbucks Corp., Dunkin Brands Group Inc., and PepsiCo Inc.
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