Packaged Beverage Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Alcoholic Beverage, Non-Alcoholic Beverage, Juices, Milk, Carbonated Soft Drinks, And Bottled Water), By Packaging Type (Cartons, Cans, Bottles, And Others), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2019 To 2024
- Published : Jun 2021
- Report Code : KSI061612703
- Pages : 127
The global packaged beverage market is expected to grow at a compound annual growth rate of 2.40% over the forecasts period 2019 to 2024 to reach a market size of US$231.996 billion by 2024 from US$201.237 billion in 2018. The rising worldwide prevalence of eating ready-to-eat or Packaged products is expected to be a major driver of the global Packaged beverages market.
Further, the rising disposable income in various regions along with the hectic work-life schedule is anticipated to fuel the market in the coming years. Moreover, the growing focus by major players in the market on mergers and acquisitions with an aim to expand their presence in the market is expected to boost the market for Packaged beverages. For instance, The Coca-Cola company acquired Chi Ltd. With the purpose to expand its presence in Nigeria. However, the rising health consciousness amongst the population regarding sugar content in Packaged beverages is expected to hamper the market growth. To tackle the market restraining factor, major players are launching new products with healthier content and zero sugar beverages, which is further projected to create market opportunities for the market, which in turn is expected to augment the demand for Packaged beverages during the forecast period. Additionally, the growing millennial population along with the rising sports industry is leading to increased consumption of various Packaged sports drinks which in turn is expected to augment the demand for beverages in the near future. The market has been segmented on the basis of type, packaging type, distribution channel, and geography. In the type segment, the Non-Alcoholic beverages segment is expected to grow at a substantial rate owing to the changing lifestyle and increasing health consciousness amongst the population. Geographically, Asia Pacific is projected to grow at a substantial rate owing to the presence of developing economies like China and India coupled with the rising household spending. For instance, as per the report by Organisation for Economic Co-operation and Development, household spending grew from 4.41 million US$ in 2010 to 8.94 million US$ in 2017 in China. Whereas North America is anticipated to hold a significant share in the market during the forecast period due to the early adoption and high consumption of carbonated soda beverages in the region.
Rising consumption of ready to eat products.
Growing beverage industry.
Increasing disposable income.
In June 2019, Blue Diamond Grower launched a new product, Almond Breeze Almond-Milk Horchata.
In January 2019, The Coca-Cola Company acquired Chi Ltd., a leading company in beverages like juices and value-added dairy.
In January 2019, Blue Diamond, the world's leading almond marketer and processor, today announced two new Almond Breeze products, an Almond-Milk Creamer and Almond-Milk Blended with Real Bananas.
In April 2017, Danone S.A. acquired WhiteWave a leading beverage manufacturing company. With this acquisition, Danone and WhiteWave combined their activities in North America and started operating under a single business unit, named DanoneWave.
In January 2017, Heineken acquired Brasil Kirin Holding S.A.
The major players profiled in the Packaged Beverage market include Unilever, The Coca Cola Company, Nestle, Pepsi co Inc., Jones Soda Co., Danone, Appalachian Brewing Company, GCMMF (Amul), Keurig Dr Pepper Inc., Bacardi Limited, Carlsberg Breweries A/S, Heineken N.V., Suntory Holding Limited, Constellation Brands Inc., Molson Coors Brewing Company, United Breweries Ltd., Brown-Forman Corporation,
Packaged Beverage Market Scope:
|Market size value in 2018||US$201.237 billion|
|Market size value in 2024||US$231.996 billion|
|Growth Rate||CAGR of 2.40% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Packaging Type, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Unilever, The Coca Cola Company, Nestle, Pepsi co Inc., Jones Soda Co., Danone, Appalachian Brewing Company, GCMMF (Amul), Keurig Dr Pepper Inc., Bacardi Limited, Carlsberg Breweries A/S, Heineken N.V., Suntory Holding Limited, Constellation Brands Inc., Molson Coors Brewing Company, United Breweries Ltd., Brown-Forman Corporation|
|Customization scope||Free report customization with purchase|
The Packaged Beverage market has been analyzed through the following segments:
Carbonated Soft Drinks
By Packaging Type
By Distribution Channel
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the packaged beverage market size by 2024?
A1. The packaged beverage market is expected to reach a market size of US$231.996 billion by 2024.
Q2. What are the growth prospects for the packaged beverage market?
A2. The global packaged beverage market is expected to grow at a CAGR of 2.40% during the forecast period.
Q3. What is the size of the global packaged beverage market?
A3. Packaged Beverage Market was valued at US$201.237 billion in 2018.
Q4. What factors are anticipated to drive the packaged beverage market growth?
A4. The rising worldwide prevalence of eating ready-to-eat or Packaged products is expected to be a major driver of the global Packaged beverages market.
Q5. Which region holds the largest market share in the packaged beverage market?
A5. Geographically, Asia Pacific is projected to hold a substantial share in the packaged beverage market owing to the presence of developing economies like China and India coupled with the rising household spending.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PACKAGED BEVERAGE MARKET BY TYPE
5.1. Alcoholic Beverage
5.2. Non-Alcoholic Beverage
5.2.3. Carbonated Soft Drinks
5.2.4. Bottlede Water
6. PACKAGED BEVERAGE MARKET BY PACKAGING TYPE
7. PACKAGED BEVERAGE MARKET BY DISTRIBUTION CHANNEL
8. PACKAGED BEVERAGE MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Company Benchmarking and Analysis
9.2. Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.2. The Coca Cola Company
10.4. Pepsi co Inc.
10.5. Jones Soda Co.
10.7. Appalachian Brewing Company
10.8. GCMMF (Amul)
10.9. Keurig Dr Pepper Inc.
10.10. Bacardi Limited
10.11. Carlsberg Breweries A/S
10.12. Heineken N.V.
10.13. Suntory Holding Limited
10.14. Constellation Brands Inc.
10.15. Molson Coors Brewing Company
10.16. United Breweries Ltd.
10.17. Brown-Forman Corporation
LIST OF FIGURES
LIST OF TABLES
The Coca Cola Company
Pepsi co Inc.
Appalachian Brewing Company
Keurig Dr Pepper Inc.
Carlsberg Breweries A/S
Suntory Holding Limited
Constellation Brands Inc.
Molson Coors Brewing Company
United Breweries Ltd.
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