Global Beverage Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Danone and Appalachia Brewing Company are key players.

Global Beverage Market is expected to grow at a CAGR of 3.47% to reach a market size worth US$1,991.845 billion by 2028.

The prime factors propelling the growth of the global beverage market are rising per capita consumption of alcoholic beverages, increasing disposable income, shifting consumer preferences towards ready-to-drink beverages, and consumer preferences for premium products.

As per the report, the market of Global Beverage Market is expected to grow steadily during the forecast period.

Market growth during the projection period could be affected by rising health concerns about the sugar content of packaged beverages and alcohol consumption. The launch of new non-alcoholic products based on fruits and healthier ingredients is anticipated to present the market with many opportunities during the forecast period. Growing health concerns about the sugar content of packaged beverages and alcohol consumption may lead to a rise in demand for fruit-based drinks with lower sugar content. For instance, in August 2022, Berezovsky approved a multi-million-dollar deal to sell 100 million liters of juice made by BlueTree Technologies. This small Israeli startup employs cutting-edge technology to easily remove up to 50% of the sugar from freshly squeezed orange juice without changing the flavor. The business has also contracted with the Israeli soft drink producer Priniv. It is about to do the same with a global juice and beverage manufacturer to market BlueTree's products to various international businesses.

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The global beverage market is segmented into type, packaging type, distribution Channel, and geography.

By type, the market has been classified based on Alcoholic Beverage, Non-Alcoholic Beverage, Bottled Water, Carbonated Soft Drinks, Fruit Juice, and Milk which is further analyzed into Dairy, Almond, Soy, Rice, Oat, Cashew, Coconut, and others.

Based on packaging type, the classification has been done into Cans, Bottles, and others. By distribution channel, the market has been classified into Online and Offline, which is then classified as Supermarkets, Departmental Stores, Convenience and Independent Stores, and Foodservice.
North America is expected to retain a considerable market share by region due to increasing customer demand for premium, healthier beverage choices and rising health and wellness consciousness. In the United States, with the rising demand for on-the-go beverages, the growing trend towards more nutritious and environmentally friendly options like sugar-free drinks, plant-based milk, energy drinks, and functional beverages is expected to fuel market growth over the forecast period.

Covid-19 hurt the global beverage market. Lockdowns, travel restrictions, and labor shortages in several regions forced many beverage companies to reevaluate their supply chain strategies and look for alternative distribution options. In addition, during the pandemic, due to lockdowns, social distancing measures, and work-from-home arrangements, there was a decrease in on-premise consumption of beverages at bars, restaurants, and cafes, leading to a decline in sales of drinks.

As a part of the report, the major players operating in the global beverage market that have been covered are Unilever, The Coca-Cola Company, Nestle, Pepsi Co Inc, Jones Soda Co., Danone, Appalachia Brewing Company, GCMMF (Amul), Keurig Dr. Pepper Inc., Bacardi Limited, Carlsberg Breweries A/S, Heineken N.V., Suntory Holdings Limited, Constellation Brands Inc., Molson Coors Brewing Company, United Breweries Group, Brown-Forman Corporation

This Global Beverage Market has been analyzed into the following segments:

• By Type

o Alcoholic Beverage
o Non-Alcoholic Beverage

• Bottled Water
• Carbonated Soft Drinks
• Fruit Juice
• Milk
• Dairy
• Almond
• Soy
• Rice
• Oat
• Cashew
• Coconut
• Others

• By Packaging Type

o Cans
o Bottles
o Others

• By Distribution Channel

o Online
o Offline

• Supermarkets
• Departmental Stores
• Convenience and Independent Stores
• Foodservice

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Italy
• Others

o Middle East and Africa

• Saudi Arabia
• UAE
• Others

o Asia Pacific

• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Related Reports:

https://www.knowledge-sourcing.com/report/global-fruit-juice-market
https://www.knowledge-sourcing.com/report/instant-beverage-premix-market

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