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

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 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, 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 the 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.

DRIVERS

Rising consumption of ready to eat products.

Growing beverage industry.

Increasing disposable income.

INDUSTRY UPDATE

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:

Report Metric	Details
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
Base year	2018
Forecast period	2019–2024
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

Segmentation

The Packaged Beverage market has been analyzed through the following segments:

By Type

Alcoholic Beverage

Non-Alcoholic Beverage

Juices

Milk

Carbonated Soft Drinks

Bottled Water 

 

 

By Packaging Type

 

Cartons

Cans

Bottles

Others 

 

 

By Distribution Channel

 

Online

Offline

 

 

By Geography

 

North America

USA

Canada

Mexico

 

 

South America

 

Brazil

Argentina

Others

 

 

Europe

 

Germany

France

United Kingdom

Spain

Others

 

 

Middle East and Africa

 

Saudi Arabia

Israel

Others

 

 

Asia Pacific

 

China

Japan

South Korea

India

Others