IndustryARC, in one of its latest reports, predicted that the global ready to drink market size is estimated to reach $26.7 billion by 2027, growing at a CAGR of 4.3% during the forecast period 2022-2027. The state-of-the-art practices used by firms to target their audience, swift urbanization, swelling health cognizance among people, growing incidences of nutrient deficiency, lengthening sports trends, and escalating disposable income are prominent factors set to drive the growth of the Global Ready To Drink Market for the period 2022-2027. The ready to drink market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the ready to drink industry are –
1. General Mills Inc
2. The Coca-Cola Company
3. Kraft-Heinz Co
4. Red Bull GmbH
5. Nestle Sa
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Segmental Analysis:
1. Global Ready To Drink Market based on packaging can be further segmented into bottles (plastic, glass), aluminum cans, cartons, and others. The plastic bottles segment held the largest share in 2021. Nevertheless, the aluminum cans segment is estimated to be the fastest-growing with a CAGR of 5.6% over the forecast period 2022-2027.
2. The Global Ready To Drink Market on the basis of the distribution channel can be further segmented into offline (supermarkets/hypermarkets, specialty stores, convenience stores, vending machines, and brick and mortar) and e-commerce. The offline segment held the largest share in 2021. However, the online segment is estimated to be the fastest-growing segment with a CAGR of 6.1% over the forecast period 2022-2027.
3. Global Ready To Drink Market on basis of Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 34% of the overall market in 2021.
|
Report Attribute |
Details |
|
By Type |
Tea and Coffee, Dairy and Non-dairy drinks, Soft drinks, Sports/Energy drinks, fruit juices, and Others. |
|
By Form |
Alcopop/Alcoholic and Non-Alcoholic. |
|
By Packaging |
Bottles (Plastic, Glass), Aluminum Cans, Carton, and Others. |
|
By Distribution Channel |
Offline (Supermarkets/Hypermarkets, Specialty Stores, Convenience stores, Vending machines, and Brick and Mortar) and E-commerce. |
|
By End User |
Households and Hospitality venues. |
|
By Geography |
North America, Europe, Asia Pacific, South America and Rest of the World. |
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Market Drivers and Challenges:
1. The growing health consciousness and fitness industry are anticipated to boost market demand – According to a study, 4 out of every 10 people worldwide suffer from digestion illnesses that sooner or later lead to serious problems like obesity, cardiovascular conditions, kidney stone, and others. Considering the growing prevalence of health problems, the fitness industry is flourishing at a tremendous rate. Energy drinks have become an inextricable part of exercises and sports as they help in improving overall performance. All these aforementioned factors are driving the progress of the performance drinks market.
2. Rapid modernization, eventful lifestyles, rising per capita income, and surging merger and acquisition activities are expected to boost market demand – With less time on hand, people are looking for easy ways like ready-to-drink beverages to fulfill their nutrient requirements. Also, ameliorating infrastructure in both developing and developed nations has its fair share in propelling the market growth.
3. Health problems and strangled production is anticipated to hamper the market growth – Immoderate consumption of soft drinks added with artificial sweeteners can set health disorders like insulin resistance, kidney problems, tooth decay, and obesity in motion; therefore, people may cut down on their consumption of such drinks.
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