Ready To Drink Market Forecast, 2022-2027
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. Any drink which is in ready-to-consume form is demarcated as ready To drink beverage. These drinks may include iced tea, vegetable smoothies, canned coffee, vitamin drinks, energy drinks, soft drinks, fruit juices, dairy beverages such as chocolate milk, and many others. The changing tastes and preferences of people have heightened the demand for such drinks on an unprecedented scale. Besides non-alcoholic drinks, the alcopops (alcohol mixed soft drinks) have drawn the eyes of several consumers. The majority of these drinks are a rich source of various minerals and vitamins such as ascorbic acid, D-calcium pantothenate, niacin, thiamine, cobalamin, and others. These vitamins and minerals play a remarkable role in the digestion of fats (linoleic and oleic acids) and amino acids such as valine, histidine, and tryptophan Besides alcoholic and non-alcoholic, such drinks are also categorized in carbonated and non-carbonated forms. Carbonated drinks have CO2 content which confers a sparkling taste upon consumption. 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.
Report Coverage
The report: “Ready To Drink Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Ready To Drink Market.
Key Takeaways
- Geographically, the North America Ready To Drink Market accounted for the highest revenue share in 2021. The growth is owing to high-grade retail infrastructure, across-the-board presence of e-commerce services, high purchasing power, presence of top-notch soft drink companies, and high health awareness among ordinary citizens.
- Growing sporting culture and gym memberships as the world is reeling under chronic illnesses’ weight, enlarging per capita of developing countries, and prevailing marketing strategies because of rapid digitalization are said to be preeminent drivers driving the growth of the Global Ready To Drink Market. Side-effects linked with immoderate consumption of soft drinks and strangled production because of pandemic restrictions are said to reduce the market growth.
- Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Ready To Drink Market report.
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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. According to a report, there were around 15,344 modern grocery stores present in Canada in 2021; whereas, with a slight jump the number of modern retail outlets in the U.S. reached 42000-43000 last year.
Ready To Drink Market Challenges
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. According to National Kidney Foundation, 1 in 3 adults in the U.S. (approximately 80 million) is at risk for kidney disease. Kidney disease is more common in women (14%) than men (12%). But for every 2 women who develop end-stage kidney disease (ESKD), 3 men's kidneys fail. Kidney disease is a leading cause of death in the U.S. Also, excessive caffeine in various nutritional and performance drinks leads to uneven heart rate, dehydration, restlessness, and others. On another hand, crippled production activities have created a staggering gap in demand and supply chain which is anticipated to challenge the growth of the aforementioned market.
Ready To Drink Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Global Ready To Drink market top 10 companies include-
- General Mills Inc
- The Coca-Cola Company
- Kraft-Heinz Co
- Red Bull GmbH
- Nestle Sa
- PepsiCo Inc
- Campbell Soup
- Talking Rain Beverages Co
- Danone
- Keurig Dr. Pepper Inc
Recent Developments
- On November 1, 2021, “Coca-Cola” a renowned beverage manufacturing company based in Georgia, United States announced the complete acquisition of Queens, New York-based sports drink firm Bodyarmor SuperDrink 18 percent ownership of which had already been bought by Coca-Cola back in 2018. The total value of the transaction stands at around $5.6 billion.
- On April 30, 2021, with an aim to expand the food and beverage business, Vevey, Switzerland-based conglomerate “Nestle” announced the successful acquisition of New York, United States-based firm “The Bountiful Company.” The total value of the acquisition stands around $5.75 billion which is nearly 3 times more than the actual value of Bountiful.
- On June 15, 2020, US-based world-famous food and beverage company PepsiCo announced the successful acquisition of Nevada, United States-based drink company “Rockstar.” In order to bring the acquisition to a close PepsiCo paid around $3.86 billion to Rockstar. The transaction extends advantages and strengthens PepsiCo’s energy drink portfolio which is likely to help the company in competing with other giants in the respective industry such as Coca-Cola.
On another hand, growing merger and acquisition activities are aiding the market. For instance, Coca has acquired 20 companies to date; whereas, PepsiCo has spent nearly $44 billion on mergers and acquisitions of 26 companies.
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