Dublin, May 02, 2024 (GLOBE NEWSWIRE) -- The "RTD Beverages Market by Product Type (Alcoholic and Non-alcoholic [Flavored, Tea, Coffee, Juices, Nectars, Dairy, Soft Drinks, Energy Drinks]), Packaging Type (Bottles, Cans), Distribution Channel (Supermarkets, E-commerce) - Global Forecast to 2031" report has been added to ResearchAndMarkets.com's offering.
RTD beverages market is projected to reach $1,582.7 billion by 2031, at a CAGR of 6.8% during the forecast period 2024-2031 The report provides an in-depth analysis of the global RTD beverages market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends. The growth of the RTD beverages market is mainly driven by the rising consumption of sports & performance drinks, growing demand for functional beverages, beverage manufacturers' increasing focus on product innovation, convenience, and easy portability of RTD beverages, and lifestyle changes leading to the increased incidence of chronic diseases. However, the high prices of RTD beverages are expected to hinder the growth of this market.
North America is expected to account for the largest share of the global RTD beverages market. North America's major market share can be attributed to the well-established packaged drinks market, high awareness of the health benefits of functional beverages, growing adoption of alcoholic RTD beverages, and rapid innovation and development of RTD beverages.
Furthermore, the growing availability of alcoholic RTD beverages and the rapid growth of the retail sector are expected to generate growth opportunities for the players operating in the RTD beverages market.
In 2024, the non-alcoholic beverages segment is expected to account for the larger share of the global RTD beverages market. The segment's large market share is attributed to the easy availability and convenience of non-alcoholic beverages, the unrestricted off-premises sale and consumption of non-alcoholic beverages, the growing number of health-conscious consumers, and the increased adoption of functional and plant-based beverages. However, the alcoholic beverages segment is projected to register a higher CAGR during the forecast period 2024-2031.
In 2024, the bottled beverages segment is expected to account for the largest share of the global RTD beverages market. The segment's large market share is attributed to factors such as the wide availability of bottled beverages in various shapes, sizes, and quantities, the convenient consumption, transportation, and storage offered by bottled beverages, the extended shelf-life of bottled products, and the cost-effectiveness of bottle packaging, which translates to the lower market prices of bottled products. However, the Tetra Pak-packaged beverages segment is projected to register the highest CAGR during the forecast period 2024-2031.
In 2024, the supermarkets & hypermarkets segment is expected to account for the largest share of the global RTD beverages market. The segment's large market share is attributed to rapid urbanization, rising disposable incomes, the growing number of supermarkets and hypermarkets, and increased sales of RTD beverages in well-established supermarkets and hypermarkets. However, the e-commerce segment is projected to register the highest CAGR during the forecast period 2024-2031.
Key Questions Answered in the Report:
- What is the current revenue generated by RTD beverages globally?
- At what rate is the global RTD beverages demand projected to grow for the next 5-7 years?
- What are the historical market sizes and growth rates of the global RTD beverages market?
- What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
- Which segments in terms of product type, packaging type, and distribution channel are expected to create major traction for the manufacturers in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global RTD beverages market?
- Who are the major players in the global RTD beverages market? What are their specific product offerings in this market?
- What are the recent strategic developments in the global RTD beverages market? What are the impacts of these strategic developments on the market?
Market Insights
Drivers
- Rising Consumption of Sports & Performance Drinks
- Growing Demand for Functional Beverages
- Beverage Manufacturers' Increasing Focus on Product Innovation
- Convenience and Easy Portability of RTD Beverages
- Lifestyle Changes Leading to the Increased Incidence of Chronic Diseases
Restraints
- High Prices of RTD Beverages
Opportunities
- Growing Availability of Alcoholic RTD Beverages
- Rapid Growth of the Retail Sector
Trends
- Increasing Focus on Health and Wellness
- Rising Demand for Clean-Label Products
- Product Premiumization
Porter's Five Forces Analysis
Competition Analysis
- Key Growth Strategies
- Competitive Benchmarking
- Competitive Dashboard
- Industry Leaders
- Market Differentiators
- Vanguards
- Emerging Companies
- Global RTD Beverages Market: Company Market Position Analysis
Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
- Abbott Laboratories (U.S.)
- Nestle S.A. (Switzerland)
- PepsiCo Inc. (U.S.)
- The Coca-Cola Company (U.S.)
- Suntory Holdings Ltd. (Japan)
- Keurig Dr Pepper Inc. (U.S.)
- Red Bull GmbH (Austria)
- Danone S.A. (France)
- The Brown-Forman Corporation (U.S.)
- Monster Beverage Corporation (U.S.)
- AriZona Beverages USA (U.S.)
- Gujarat Cooperative Milk Marketing Federation Ltd. (India)
- Yakult Honsha Co. Ltd. (Japan)
- and Asahi Group Holdings Ltd. (Japan)
Scope of the Report:
RTD Beverages Market Assessment - by Product Type
- Non-alcoholic
- Carbonated Soft Drinks
- Sports & Energy Drinks
- Tea & Coffee
- Juices & Nectars
- Dairy & Dairy Alternatives Beverages
- Flavored & Fortified Water
- Other Non-alcoholic beverages
- Alcoholic
RTD Beverages Market Assessment - by Packaging Type
- Bottled Beverages
- Plastic Bottle
- Glass Bottle
- Canned Beverages
- Tetra Pak-packaged Beverages
- Other Packaged Beverages
RTD Beverages Market Assessment - by Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- E-commerce
- Specialty Stores
- Other Distribution Channels
RTD Beverages Market Assessment - by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Russia
- Italy
- Netherlands
- Belgium
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Thailand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/t0l6tr
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