The Latin America, Middle East and Africa Soft Drinks Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
The regional population is becoming more conscious towards good health and disadvantages of consuming alcoholic drinks. Therefore, due to shift in consumption trend within the population, the soft drinks manufacturers have substantially increased the production of soft drinks. Soft drinks, which contain healthy ingredients such as vitamins and calcium, are an important part of a healthy lifestyle, and a balanced diet. The growth of bottled water, pure juice, dairy drinks, smoothies, and fruit drinks would continue in the coming years. Increased demand for functionality, such as blood-pressure-lowering and cholesterol-lowering drinks, presents significant prospects for soft drink companies. Customers choose soft drinks that fit the lifestyle, preferences, nutritional needs, and physiological limitations.
The United Arab Emirates (UAE) is situated in the Arabian Gulf, which is one of the world's warmest locations and people living in the region requires necessary amount of water and other beverages intake to avoid dehydration and maintain health. Summer temperatures can attain 50 degrees Celsius. To people's knowledge, the total consumption from diverse sources in the UAE has never been evaluated. Sugar-sweetened beverages were a key source of water for individuals aged 4–13 years in the United Kingdom, 14–18 years in Australia, and 18 years in Mexico. Fruit drinks and sugar-added soft drinks were recorded for 60 percent–71 percent of calories from beverages among Emiratis aged 6–18 years, according to a report based on information from different studies.
The Brazil market dominated the LAMEA Soft Drinks Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,766.9 Million by 2028. The Argentina market is poised to grow at a CAGR of 8.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.3% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Store, Online, and Others. Based on Product, the market is segmented into Carbonated and Non-Carbonated. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Soft Drinks Market is Predict to reach $589.9 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., Nestle S.A., The Coca Cola Company, Keurig Dr Pepper, Inc., Monster Beverage Corporation, Ito En, Ltd., Unilever PLC, Red Bull GmbH, AriZona Beverage Company LLC, and Appalachian Brewing Company.
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