The global soft drink concentrates market is driven by the increasing demand for ready-to-drink beverages and the convenience they offer to consumers. Soft drink concentrates serve as a cost-effective solution for manufacturers, enabling them to produce large quantities of beverages with minimal transportation costs. The use of different sweetening agents and flavoring agents allows for a wide variety of soft drink options, catering to diverse consumer preferences. Innovations in low-sugar and natural sweeteners present opportunities for market players to tap into health-conscious consumer segments.
According to Data Bridge Market Research, the Global Soft Drink Concentrates Market growth at a rate of 10.30% in the forecast period of 2022 to 2029.
“Increase in the global population size of consumers facilitate market growth”
The increase in the global population size of consumers acts as a driver for the soft drink concentrates market. With a growing population, there is a larger consumer base, leading to higher demand for convenience products like soft drinks. As urbanization and economic development continue, the demand for ready-to-drink beverages is also on the rise. Soft drink concentrates offer a cost-effective and convenient solution for manufacturers to produce large quantities of beverages that can be easily distributed and consumed by the expanding population. This trend is expected to fuel the growth of the soft drink concentrates market in the coming years.
What restraints the growth of the global soft drink concentrates market?
“Rising awareness among consumers regarding the negative impacts of caffeine products”
The rising awareness among consumers regarding the negative impacts of caffeine products, commonly found in soft drinks, acts as a restraint for the soft drink concentrates market. Health-conscious consumers are becoming increasingly cautious about their beverage choices, leading to a shift towards healthier alternatives with reduced caffeine content. As concerns regarding obesity, diabetes, and other health issues related to excessive sugar and caffeine consumption grow, the demand for soft drink concentrates may face challenges. Manufacturers are compelled to develop healthier and more natural soft drink formulations to address these concerns and retain consumer loyalty.
Segmentation: Global Soft Drink Concentrates Market
The soft drink concentrates market is segmented on the basis of type, flavours, distribution channel, and end users.
- On the basis of type, the soft drink concentrates market is segmented into non-carbonated and carbonated.
- On the basis of flavours, the soft drink concentrates market is segmented into cola, non-cola, orange, mixed, pineapple, kiwi, litchi, apple, grape, grapefruit, peach, and mango.
- On the basis of distribution channel, the soft drink concentrates market is segmented into supermarkets and hypermarkets, convenience stores, online retail stores, and others.
- On the basis of end users, the soft drink concentrates market is also segmented into drinking places, mass merchandise, the fountain machine, private clubs, and food service.
Regional Insights: Europe dominates the Global Soft Drink Concentrates Market
Europe's dominance in the soft drink concentrates market can be attributed to the region's large population of consumers with a high affinity for soft beverages. The growing urbanization and changing lifestyle preferences in Europe have led to an increased demand for convenience beverages, contributing to market growth.
North America is projected to experience substantial growth during the forecast period due to the rise in disposable income among consumers in the region. As consumers' purchasing power increases, they are more likely to indulge in premium and innovative soft drink offerings, driving the demand for soft drink concentrates in North America. Additionally, the growing trend of health consciousness and demand for natural and low-calorie soft drink options further fuels the market growth in the region.
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The Prominent Key Players Operating in the Global Soft Drink Concentrates Market Include:
- AGRANA Beteiligungs-AG (Austria)
- Döhler GmbH (Germany)
- Ingredion Incorporated (U.S.)
- Kerry Inc. (Ireland)
- Nestlé (Switzerland)
- ADM (U.S.)
- SunOpta (Canada)
- Tree Top, Inc. Corporate Office (U.S.)
- China Haisheng Fresh Fruit Juice Co., Ltd (China)
- The Coca-Cola Company (U.S.)
- Capricorn Food Products India Ltd. (India)
Above are the key players covered in the report, to know about more and exhaustive list of global soft drink concentrates market companies contact, https://www.databridgemarketresearch.com/zh/contact
Research Methodology: Global Soft Drink Concentrates Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
