Global Beverage Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Beverage Market 2021 (Includes Business Impact of COVID-19)
Global Beverage Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global beverage market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global beverage market report has been segmented on the basis of product type, distribution channel, and region.

The global Beverage market size was valued at USD $1641.86 billion in 2020 and is projected to reach $2228.04 billion by 2030, and is anticipated to expand at a CAGR of 3.10% over the forecast period from 2020 to 2030.


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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global beverage market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Beverages are drinks with less than 0.5% or zero alcohol content. There are two main categories of beverages viz. alcoholic and non-alcoholic beverages. Non-alcoholic beverages are categorized into soft drinks and hot drinks. There are various types of beverages such as milk, tea, coffee, soft drinks, juices, energy drinks, mock tails, and others.

Dynamics:

Growing demand for flavored beverages in food and beverage industries is expected to proliferate growth of the global beverage market in the near future. In addition, increasing preferences for various beverages among individuals across the globe, owing to high disposable income, rapid urbanization, and changing lifestyle are some factors expected to burgeon growth of the global market.

In addition, increasing incidence of various health related risks associated with alcoholic drinks among individuals is resulting to gain traction of organic drinks across the globe, owing to benefits offered by organic beverages such as abundance of antioxidants, minerals, and vitamins. In addition, increasing preferences for beverages that serve as a healthy substitute for alcoholic drinks is another factor support growth of the global beverage market.

Furthermore, increasing product developments with unique, organic, or natural flavors and innovative packaging by food and beverage manufacturers is expected to generate significant opportunities for business expansion for players in the global market.

However, rising stringent regulations associated with beverage quality and health assurance by food and beverages regulatory authorities is a major factor expected to restrain growth of target market to a certain extent.

Segment Analysis:

On the basis of product type, the non-alcoholic segment is expected to register significant growth in the global beverage market, owing to increasing awareness about health benefits of natural/organic beverages among individuals across the globe. On the basis of distribution channel, the super market and others segments is expected to dominate the target market, owing to wide availability of non-alcoholic beverages in super markets across the globe.

Regional Analysis:

Market in North America is expected to dominate the global market in terms of revenue, owing to availability of well“developed manufacturing industry and strong presence of food and beverage manufactures in countries such as, US and Canada in the region.

Market in Asia Pacific is expected to register significant growth in the global beverage market, owing to increasing disposable income and increasing consumer base in countries such as India and China. In addition, increasing government initiative for development of production and distribution facilities in countries in the Asia Pacific region is expected to fuel growth of the global market in the near future.

Market in Europe is expected to register lucrative growth in terms of revenue. Furthermore, the market in Latin America and Middle East & Africa is expected to witness advent growth in the global market, owing to rising awareness of low-calorie beverages in countries in the region.

Global Beverage Market Segmentation:

Segmentation by Product Type:

  
Alcoholic Beverages
  
Fruit
  
Wine
  
Brandy
  
Grain
  
Beer
  
Whisky
  
Non“Alcoholic beverages
  
Non-Carbonated
  
Fruit juices
  
Fruit Drinks
  
Nectars
  
Coffee
  
Tea
  
Carbonated
  
Soda
  
Coca Cola
  
Tonic Water
  
Other Beverages (Energy Drinks, Cordials, Syrups, Functional Beverages, Hot Drinks, Nectars, Squashes, and Value Added Water)

Segmentation by Distribution Channel:

  
Food Service
  
Gas Stations
  
Super Markets
  
Convenience Stores
  
Vending Machine Operations
  
Others (Retailers, General merchandisers, Relaxation Drinks, Ready to Drink Beverages, and Drinking places)


Key Market Players included in the report:


  
Appalachian Brewing Company
  
Bacardi Limited
  
Brown-Forman Corporation
  
Carlsberg Breweries A/S
  
Constellation Brands Inc.
  
Danone
  
GCMMF (Amul)
  
Heineken N.V.
  
Jones Soda Co.
  
Keurig Dr Pepper Inc.
  
Molson Coors Brewing Company
  
Nestle
  
Pepsi co Inc.
  
Suntory Holding Limited
  
The Coca Cola Company
  
Unilever
  
United Breweries Ltd.