The Asia Pacific Nitro-infused Beverages Market would witness market growth of 21.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 4,059.5 thousand units (10oz), showcasing a growth of 21.3% (2019-2022).
Nitro teas, kombuchas, and even non-alcoholic cocktails have emerged, demonstrating the versatility of nitrogen infusion beyond traditional categories. This diversification aligns with consumers' evolving preferences, seeking novel and varied beverage experiences. Nitro taps, initially associated with craft breweries, have become increasingly common in coffee shops and other beverage establishments. The on-tap experience adds an interactive element to the consumer journey. Simultaneously, the packaging of nitro-infused beverages in cans has democratized access to these products, allowing consumers to enjoy the nitrogen experience at their convenience.
Companies are experimenting with unique flavor infusions, combining traditional tastes with unexpected twists. This experimentation caters to adventurous consumers seeking unconventional and memorable taste experiences. Advancements in nitro infusion technology have facilitated the production of consistent and high-quality nitro beverages. From nitrogen generators to specialized dispensing equipment, the industry has embraced technological innovations to streamline production processes and meet the growing demand for nitro-infused products.
As per the Department of Agriculture, the total value of retail food and beverage (F&B) sales in Japan increased by 1.5 percent to $474.13 billion in 2020, compared to $466.97 billion in 2019. Japan has a cultural inclination towards innovation and uniqueness. Due to these aspects, the nitro-infused beverages market will expand across the Asia Pacific region in upcoming years.
The China market dominated the Asia Pacific Nitro-infused Beverages Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22,596.7 Million by 2030. The Japan market is registering a CAGR of 20.7% during (2023 - 2030). Additionally, The India market would experience a CAGR of 22.2% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Stores, Online, and Others. Based on Product, the market is segmented into Nitro Coffee, Nitro Tea, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Nitro-infused Beverages Market is Predict to reach $352.2 Million by 2030, at a CAGR of 20.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Rise Brewing Co., Starbucks Corporation, Funkin Cocktails (Funkin Limited) (A.G. Barr P.L.C), Califia Farms LLC, Nitro Beverage Co., Left Hand Brewing Co., Monster Beverage Corporation, PepsiCo, Inc., Cruise Beverage, Bona Fide Nitro Coffee and Tea.
By Distribution Channel (Volume, Thousand Units (10oz), USD Million, 2019-2030)
By Product (Volume, Thousand Units (10oz), USD Million, 2019-2030)
By Country (Volume, Thousand Units (10oz), USD Million, 2019-2030)
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