The Soft Drinks Concentrates Market is valued at US$ 35.2 Billion in 2022 and is projected to grow at a CAGR of 4.2% during the forecast period, to reach a value of US$ 53.1 Billion by 2032. Newly released data from Future Market Insights market analysis shows that global Soft Drinks demand is projected to grow year-on-year (Y-o-Y) growth of 2.9% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 35.2 Billion |
| Market Forecast Value in 2032 | USD 53.1 Billion |
| Global Growth Rate (2022 to 2032) | 4.2% CAGR |
| Forecast Period | 2022 to 2032 |
| Collective Value Share: Top 3 Countries (2021A) | 37.8% |
Soft drinks Concentrates are beverages made with distilled water, sweeteners, and flavors. High-fructose corn syrup, sugar, sweeteners, or any other material that makes anything sweeter may be employed as a sweetening agent. Depending on the kind of soft drink that the manufacturing sector is striving to manufacture, these substances may be present in soft drinks.
About 80% of the total amount of ingredients in soft drinks is made up of water. Soft drink weight is increased by the water utilized, which raises the cost of shipping. The ingredients used to make soft drinks are converted into concentrates to prevent or lessen this cost issue.
Soft drinks mostly contain sugar, flavoring, coloring, and maybe a small bit of stabilizer or fruit concentrates. Due to the accessibility of many soft drink options and the convenience of operation, the global market for soft drink concentrates in the food and beverage industry has experienced tremendous growth.
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The market grew with a CAGR of 3.8% between 2017 and 21, worldwide soft drink market grows as the consumer population size rises this is the main driver of the industry's expansion. The market has grown as a result of consumers' choice of high-quality foods with high nutritional values. Global sales of soft drinks are anticipated to increase as key industry participants concentrate on developing unique items that draw customers to consume their products.
Further, the market's growth has accelerated thanks to the expanding selection of soft drink concentrate. The soft drink industry is driven by consumers' need for processed food goods, regardless of the product's flavor or nutritional content.
Modern soft drinks are not only supposed to taste good; in the best-case scenario, they should also be regarded as functional beverages that have been enhanced with certain elements, such as vitamins or minerals, to promote an active and aware lifestyle as part of a balanced diet.
Energy drink sales expanded significantly globally in 2021, increasing by 9% in volume terms. Functional drinks also witnessed some of the biggest rises last year. New taste developments continued to be significant sales drivers in addition to reduced (or sugar-free) branded versions.
In addition, many people are looking for more control over their health as a result of the present global health crisis, and they are looking for clear, reliable indications that a product adheres to their standards for morality, health goals, and/or component requirements. This client requirement will fuel the demand for products that meet both short- and long-term health goals. Claims about the immunological health of food and drink will remain popular.
In addition to being free from ingredients, or free of compounds that could have long-term, major detrimental impacts on health and well-being, the new soft drinks should ideally support a balanced eating pattern in terms of wellness and performance. 2019 saw the introduction of 19% of juice products with functional claims. rising in 2022 and continuing the pattern.
Drinks enriched with purposeful ingredients, like plant-based protein drinks which are especially well-liked by athletes as well as vegetarians, and vegans as well as specialty beverages that support the normal function of digestive enzymes or, for example, also support the maintenance of normal cognitive function now meet important consumer demands and will have a significant impact on soft drink trends in 2022.
Principal Consultant
The availability of information has increased significantly as a result of the Internet, and as a logical by-product of growing self- and environmental concern, the importance of component origin has increased as well.
Today's consumers are quite willing to pay more for high-quality goods that they may purchase guilt-free. The focus of more critical customers is on short transport routes, local, seasonal fruit, less plastic use, traceable, ethically sound, sustainable, and as simple as feasible production. Transparency is crucial in many areas, including clean labeling, manufacturing procedures, and now nutriscore labeling.
There is an increase in holistic ideas and programs that encourage sustainability in the sense of social and ecological responsibility. Brands that go above and beyond CO2 neutrality will attract consumers' attention. Aiming for climate neutrality or even climate negativity might be aided by locally produced seasonal goods with short transit distances.
The most lucrative markets for energy drinks are still going to be Western Europe and the USA. Due to people's growing concern over health issues including obesity, Europe is expected to dominate the market for soft drink concentrates during the forecast period. As a result, consumers now favor calorie-free, sugar-free, natural energy drinks or diet beverages without alcohol as an alternative to the region's heavily used alcohol.
Soft drinks are increasingly being manufactured with the help of natural ingredients like herbs, minerals, amino acids, vitamins, or additional raw fruit or vegetables. The rising awareness about the health benefits of these functional beverages is attracting consumers to them in this region. The positioning of Asia Pacific on the product lifecycle (PLC) is indicative of impressive growth opportunities for the market.
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In terms of availability in fountain machines, non-carbonated beverages are now expanding dramatically. The fastest-growing category of drinks at fountains right now is non-carbonated beverages. This isn't because customers are actively looking for non-carbonated beverages. More customers are seeking healthier options that are also delectable and provide a distinctive experience, which is the main cause of this rising growth.
Tea, water, and fruit drinks are just a few of the beverage options that consumers seeking low-sugar, actual sugar-free, and healthier options are simply starting to gravitate toward. Although increased sales of these drinks from fountain machines may result in a decline in sales of bottled versions of these drinks, convenience stores, and restaurant owners typically make more money from fountain drink sales. The more options consumers can have that can satisfy particular needs while also providing non-carbonated fountain options, the better.
Soft drink manufacturers are now concentrating on expanding markets in Asia and Latin America. the industry will have the potential for growth in both developed and developing regions. The rise in demand for natural and functional drinks is another factor contributing to the market expansion.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 35.2 Billion |
| Market Forecast Value in 2032 | USD 53.1 Billion |
| Global Growth Rate | 4.2% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Billion for Value |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
| Key Market Segments Covered | Product Type, Packaging, Distribution Channel |
| Key Companies Profiled |
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| Pricing | Available upon Request |
The Soft Drinks Concentrates Market is estimated to reach sales of nearly USD 35.2 Billion by 2022.
Soft Drinks Concentrates Market revenue is expected to increase at a CAGR of around 4.2% during the period 2022 to 2032.
Soft Drinks sales increased a CAGR of around 3.8% over the past half-decade.
The global Soft Drinks Concentrates Market value is estimated to be around USD 53.1 Billion in 2032.
The top countries driving the Soft Drinks demand are the USA, Germany, China, and the United Kingdom.
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Soft Drinks Concentrates Market
