Press release
Soft Drink Concentrates Global Market Report 2024 - By Size, Share, Trends, Demand, Forecast To 2033
The Business Research Company presents an extensive market research report on the Soft Drink Concentrates Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The soft drink concentrates market size has grown strongly in recent years. It will grow from $35.13 billion in 2023 to $37.35 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to consumer demand for convenience and ready-to-drink products, globalization of beverage industry and diverse flavor preferences, economic factors and cost efficiency in production, flexibility in product formulations and customization, sustainability and reduced packaging waste..
The soft drink concentrates market size is expected to see strongly grown in the next few years. It will grow to $46.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to health and wellness trends driving low-sugar and natural variants, innovation in flavor combinations and functional ingredients, emergence of niche and premium soft drink categories, e-commerce and direct-to-consumer distribution channels, environmental concerns driving sustainable practices.. Major trends in the forecast period include introduction of artisanal and craft concentrates, adoption of cold-pressed and fresh ingredients, emphasis on convenience and ready-to-drink formats, innovation in natural colorants, strategic partnerships and collaborations..
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Key Market Players:
Major companies operating in the soft drink concentrates market report are PepsiCo Inc., The Coca-Cola Company, Cott Corporation, Dohler GmbH, The Kraft Heinz Company, Dr. Pepper Snapple Group Incorporated, Big Red Incorporated, Monster Beverage Corporation, Royal Cushion Vinyl Products Ltd., Nestle SA, David Berryman Limited, Royal Crown Cola Company Incorporated, Ingredion Incorporated, National Beverage Corporation., Southern Flavoring Company Inc., S&D Coffee & Tea Inc., Silver Ice Beverages, Bevolution Group, Varun Beverages Limited, Republic Technologies, Maypro Industries Ltd., Dunkin' Brands Group Inc., Polar Beverages Inc., United Soft Drinks B.V., Suntory Beverage & Food Limited, Parle Agro Pvt. Ltd., Dhampur Green Organics Pvt. Ltd., ISBT International Flavors & Fragrances Inc., Rich Products Corporation, Cargill Incorporated, Kerry Group plc, Sensient Technologies Corporation, Archer Daniels Midland Company, International Flavors & Fragrances Inc.
Market Drivers:
The rise in demand for processed food and beverages is expected to propel the soft drink concentrates market going forward. Processed food is defined as any food that has been changed in any way during its preparation. Soft drink concentrates are used as an additive that acts as a sweetener and flavoring ingredient in processed beverages. For instance, in July 2022, according to a report published by the Food and Drink Federation, a UK-based organization that represents and consults food and drink manufacturers, the processed food and drink industry had a turnover of $127.95 billion (£105 billion) in 2020 and a turnover of $117.51 billion (£112 billion) in 2021, accounting for 20% of total UK manufacturing, and it had increased by 3.4% since 2020. Therefore, the surge in demand for packaged food is driving the demand for the soft drink concentrates market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/soft-drink-concentrates-global-market-report
The soft drink concentrates market covered in this report is segmented -
1) By Product: Carbonated, Non-Carbonated
2) By Packaging: Stand Up Pouches, Bottle, Cans
3) By Sales Channel: On-Trade/Food Services, Institutional Sales, Retail
4) By End-User: Food Services, Mass Merchendise, Fountain Machines, HoReCa
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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