Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Instant Beverage Premix Market size is expected to reach $109.9 billion by 2027, rising at a market growth of 6.2% CAGR during the forecast period.
The Plain market dominated the Global Instant Beverage Premix Market by Functionality in 2020, thereby, achieving a market value of $57.7 billion by 2027. This is because most people prefer to consume plain beverage premix over flavored categories. Moreover, most individuals have different tastes for different flavors; hence they prefer to choose plain beverage prefixes for optimal taste and health benefit.
The Supermarkets/Hypermarkets market is expected to witness a CAGR of 6.4% during (2021 - 2027). This is because many consumers have started choosing premium, organic, and natural brands due to the growing disposable income, thereby boosting the demand for such beverages from supermarkets/hypermarkets. In addition, the vast majority of customers prefer to choose items by hand. Consumers are more at ease while selecting products, particularly supermarket items. Price reductions, shopping experience, immediate product acquisition, and the availability of a large choice of products in a single location are all aspects that influence this sales channel. Improved services like Click and Collect have also boosted sales of instant beverage premixes through this channel.
The Instant Milk segment has shown a growth rate of 7.3% during (2021 - 2027). This is because instant milk has a longer shelf life than regular liquid milk. Moreover, it has a high nutritional content, with proteins, potassium, vitamins, and minerals being among them. Additionally, instant milk powders are preferred by consumers because they have a longer shelf life and are easier to store. When compared to fresh milk, instant powdered milk is less expensive, this boosts the segment’s growth in the global market.
The Asia Pacific is the fastest growing region of the Global Instant Beverage Premix Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $36.4 billion by 2027. The Europe market is experiencing a CAGR of 6% during (2021 - 2027). Additionally, The North America market would witness a CAGR of 5.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ito En, Ltd., Inspire Brands, Inc., The Coca Cola Company, Monster Beverage Corporation, Suntory Beverage & Food Limited, PepsiCo, Inc., Keurig Dr Pepper, Inc., Starbucks Coffee Company, The Republic of Tea, and Ajinomoto Co., Inc. (Ajinomoto General Foods, Inc.)
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