Press release
Strong Growth Ahead: Beverage Premix Market Size To Grow At Arecord 6.1% Cagr By 2029
The Beverage Premix Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Beverage Premix Market Size Expected to Be by 2034?
Strong growth has been observed in the beverage premix market recently. This market is set to expand from $65.84 billion in 2024 to $69.56 billion in 2025, marking a compound annual growth rate (CAGR) of 5.6%. Factors contributing to the growth during the historical period include shifting consumer tastes, a growing urban populace, increased disposable incomes, hectic lifestyles, and a focus on health and wellness.
Anticipations are indicating a promising surge of the beverage premix market in the coming years. The market is projected to escalate to a worth of $88.24 billion in 2029, enjoying a compound annual growth rate (CAGR) of 6.1%. A range of factors poised to drive this growth during the estimated period include the mounting expansion of e-commerce, global travel and tourism, encouraging policies implemented by the government for food and beverage sectors, burgeoning demand for convenient solutions, and enhanced disposable incomes. Foreseen trends within this period incorporate escalated product innovation, utilization of functional ingredients, heightened digital interaction, incorporation of plant-based and alternative ingredients, products with reduced sugar and healthier options, and strategic endorsements by celebrities and influencers.
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What Are the Emerging Segments Within the Beverage Premix Market?
The beverage premix market covered in this report is segmented -
1) By Type: Tea Premix, Coffee Premix, Soup Premix, Healthy Drinks Premix, Milk Based Premix, Alcoholic Beverages, Other Types
2) By Form: Paste, Powder, Granules, Liquid
3) By Distribution Channel: Hyper market And Super market, Convenience Stores, Online Channels, Specialty Stores, Other Distribution Channels
Subsegments:
1) By Tea Premix: Instant Tea Premix, Herbal Tea Premix, Masala Tea Premix
2) By Coffee Premix: Instant Coffee Premix, Coffee Latte Premix, Mocha Premix
3) By Soup Premix: Instant Soup Premix, Cream Soup Premix, Broth Premix
4) By Healthy Drinks Premix: Protein Shake Premix, Nutritional Supplement Premix, Detox Drink Premix
5) By Milk Based Premix: Flavored Milk Premix, Milk Tea Premix, Milkshake Premix
6) By Alcoholic Beverages: Cocktail Premix, Wine Cooler Premix, Spirit Mixer Premix
7) By Other Types: Energy Drink Premix, Fruit Drink Premix, Sports Drink Premix
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What Long-Term Drivers Are Shaping Beverage Premix Market Trends?
The beverage premix market is forecasted to grow due to the escalating demand for health drinks. Health drinks are beverages that offer nutritional benefits and contribute positively to a person's overall health. Beverage premixes offer a healthful alternative, providing added benefits including nutritional value and health-promoting constituents, while maintaining their easy-to-prepare nature. They are made with nutrient-rich components and contain reduced added sugars, offering balanced nutrition. For example, data from Sustain, a UK non-profit organization revealed in January 2024 that the sales of sports and energy drinks continued to increase, surpassing the £2.2 billion mark, roughly $2.85 billion, in December 2023. This marked a 21.6% growth compared to the prior year. This surge in demand for health drinks propels the beverage premix market's expansion. The hike in tea consumption is also anticipated to stimulate the growth of the beverage premix market. As a flavourful drink, tea is made by infusing hot or boiling water onto fresh or dried leaves of camellia sinensis. Tea premixes simplify the steps to a rejuvenating cup of tea, combining the tea's inherent benefits with additional advantages. Additionally, the quick and easy preparation matches individuals' need for convenience with the wholesome qualities of traditional beverage. In February 2024, the Food and Agriculture Organization, based in Italy, reported a 2.0 percent annual growth in global tea consumption for the year 2022. Thus, the rise in tea consumption positively affects the progression of the beverage premixes market.
Who Are the Top Competitors in Key Beverage Premix Market Segments?
Major companies operating in the beverage premix market are Nestle S.A., PepsiCo Inc., Unilever PLC, The Coca-Cola Co., Mondelez International Inc., Starbucks Corporation, The Kraft Heinz Company, Keurig Dr Pepper Inc., The Hershey Company, Ajinomoto Co. Inc., ITO EN Ltd., Dunkin' Brands Inc., Wagh Bakri Tea Group, CCL Products Ltd., Tata Coffee Limited, Girnar Food And Beverages Private Limited, Panama Foods, Neel Beverages Pvt Ltd., Tweak Beverages, Om Sai Foods Pvt. Ltd., The Cup Republic, Nandram Corporation, Kartin Tea, Exotica Foods Pvt. Ltd., Plus Beverages.
What Are the Major Trends Shaping the Beverage Premix Market?
Leading players in the beverage premix industry are launching creative offerings to maintain their market dominance. They are coming up with innovative premix beverages that consist of health-boosting elements to meet the increasing focus of consumers on their health and wellness. A case in point is the US beverage firm, Coco-Cola Company, which in March 2023, unveiled its Jack Daniel's & Coca Cola RTD, a premixed can cocktail. This highly awaited ready-to-drink (RTD) product merges the crisp personality of Jack Daniel's Tennessee Whiskey with the rejuvenating flavor of Coca Cola. Furthermore, for the first time in the U.S, this product brings together these two renowned brands in an RTD setup, offering consumers convenience, consistency, and portability.
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Which Regions Are Becoming Hubs for Beverage Premix Market Innovation?
North America was the largest region in the beverage premix market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in beverage premix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Beverage Premix Market?
2. What is the CAGR expected in the Beverage Premix Market?
3. What Are the Key Innovations Transforming the Beverage Premix Industry?
4. Which Region Is Leading the Beverage Premix Market?
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