Press release
Beverage Ingredients Market - Positive Long-Term Growth Outlook 2024
The beverage choice of consumers is no longer restricted to the purpose of refreshment but are influenced by diverse aspects. It is because of this that the leading beverages producers are focusing more on ingredients to cater to the dynamic consumer preferences.
The report provides a comprehensive market overview covering the current trends, growth drivers, and key restraints. Based on information sourced through proven research methodologies the report provides refined outlook for future years. Besides these, it also includes a detailed assessment of the latest technologies influencing the market and studies the impact of Porter’s five forces.
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Global Beverage Ingredients Market: Trends and Opportunities
The pace at which younger population worldwide is increasing, it is very likely for the global beverage ingredients market to witness a high spike in the demand. Besides this, the market is also slated to gain from the increasing popularity of sports and the expanding fast food chains where beverages are often served as complimentary. In western countries particularly, a considerable rise in the demand for beverage is noted with the dip in temperatures. While these factors will spur opportunities for the existing players, the market in whole is also expected to gain from the entry of new beverage ingredients.
However, the increasing health consciousness among common men has become a major concern for the market. The risks associated with the increased consumption of caffeinated drinks that can lead to the viscous cycle of insomnia and fatigue could hinder the market’s trajectory to an extent. While zero calorie beverages might appear appealing at first but studies say they can hurt the metabolism as well thereby having negative impact on the way body responds to sugar. Nevertheless, market players are trying new methods of countering the bottlenecks. For instance, the introduction of light or sugar free drinks provides significant opportunities to attract female consumers.
Global Beverage Ingredients Market: Regional and Other Key Segments
Among the key regional segments, which include North America, Asia Pacific, Europe, and Rest of the World, North America led the global beverage ingredients market, trailed by Europe and Asia Pacific. In Asia Pacific, India and China have emerged as major markets for beverage ingredients. These countries exhibit superiority in both price competitiveness and expansion. Based on types, the global beverage ingredients market can be classified into juices, soft drinks, and alcoholic beverages. Based on in-depth research, the report foretells the demand for ready to drink non-alcoholic beverages will pace higher than any other market segments.
Besides these, the report also presents a detailed assessment of the market based on beverage ingredient. Among the key segments, tea evidently witness stronger demand due to its higher consumption than coffee and carbonated or flavored drinks.
Global Beverage Ingredients Market: Vendor Landscape
In order to study the competitive landscape, the report also profiles some of the leading companies operating in the global beverage ingredients market. Some of these enterprises are Anheuser-Busch InBev, Coca-Cola, PepsiCo, Monsanto Company Inc., GlaxoSmithKline, Red Bull GmBH, and Kraft Foods Inc.
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