According to a new report, published by KBV research, The Global Nitro-infused Beverages Market size is expected to reach $352.2 million by 2030, rising at a market growth of 20.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 21,785.2 thousand units (10oz), experiencing a growth of 20.4% (2019-2022).
The Supermarket & Hypermarket segment is leading the Global Nitro-infused Beverages Market, by Distribution Channel in 2022 thereby, achieving a market value of $151.4 Billion by 2030. Supermarkets & hypermarkets typically offer a diverse range of products. Including nitro-infused beverages in these stores adds to the variety of consumers' beverage options. This variety allows shoppers to explore different flavors and types of nitro drinks, contributing to the overall market segment expansion. Nitro-infused beverages in supermarkets are often available in packaged formats, such as cans or bottles.
The Nitro Tea segment is anticipated to witness a CAGR of 20.7% during (2023 - 2030). When poured from a tap, Nitro tea creates a visually stunning cascade effect with a foamy head, much like nitro coffee. The visual appeal adds an element of excitement and uniqueness, making nitro tea an attractive choice for consumers seeking a multisensory beverage experience. Nitrogen infusion can help mitigate the bitterness often associated with certain tea varieties. The creaminess introduced by nitrogen softens the flavor profile, making nitro tea more palatable to a broader audience.
The North America region dominated the Global Nitro-infused Beverages Market, by region in 2022 thereby, achieving a market value of $132.5 billion by 2030, growing at a CAGR of 19.6 % during the forecast period. The Europe region is experiencing a CAGR of 19.9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 21.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/nitro-infused-beverages-market/
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 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 Geography (Volume, Thousand Units (10oz), USD Million, 2019-2030)
Companies Profiled