Ready-to-Drink Beverages Market is estimated to gain a valuation of US$ 169.5 Bn by 2032, TMR Study

• The easy availability of ready-to-drink beverages across the globe is boosting the sales growth in the market
• Rise in the consumption of ready-to-drink beverages by the millennial population of Europe is boosting the regional market growth

WILMINGTON, Del., July 12, 2022 /PRNewswire/ -- The global ready-to-drink beverages market is estimated to register growth at a CAGR of 6.6% during the forecast period from 2022 to 2032, states an assessment report by Transparency Market Research (TMR).

Consumers today are increasing the adoption of healthier refreshing beverages manufactured using versatile ingredients, states a TMR report on the global ready-to-drink beverages market. Moreover, the demand for ready-to-drink beverages is increasing as these products are easily available. These factors are resulting into growth prospects for ready-to-drink beverages market.

The ready-to-drink beverages market manufacturers are increasing their branding as well as packaging efforts in order to attract more customers. This aside, several players are focusing on product innovations and new product launches in order to stay ahead of the competition in the ready-to-drink beverages market. Moreover, surge in the acquisitions and the launch of new product facilities are prognosticated to drive the growth in the global ready-to-drink beverages market.

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Ready-to-Drink Beverages Market: Key Findings            

• Ready-to-drink beverages are gaining impetus in the recent years owing to their instant nature and ability to offer convenience to the end-user, notes a TMR study. Hence, the demand for these products is being increasing across the globe. This aside, the hectic lifestyles of people in developing and developed nations and changing consumer preferences are expected to create sizable sales growth opportunities in the ready-to-drink beverages market during the forecast period. Hence, the global market for ready-to-drink beverages is prognosticated to be valued at US$ 169.5 Bn by 2032.
• Coffee is one of the popular beverages consumed by population from almost every region of the world. The rich smell, soothing and savory taste, and caffeine content of coffee are some of the characteristics of this product that makes it one of the most favorite beverages among all age groups. Moreover, the instant nature and energy benefits provided by this drink are resulting into its increased sales around the world. Hence, a rise in the demand for ready-to-drink coffee is fueling the expansion of the global ready-to-drink beverages market, according to analysts of a TMR study.

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Ready-to-Drink Beverages Market: Growth Boosters

• Increase in consumer inclination toward fruit juices and flavored drinks is generating promising business avenues in the global ready-to-drink beverages market
• Increasing urbanization across many emerging economies around the world is fueling the sales opportunities for players in the ready-to-drink beverages market

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Ready-to-Drink Beverages Market: Regional Analysis

• In the global ready-to-drink beverages market, Europe holds approximately 25% of the market share. The Europe market is estimated to expand at prominent pace in the forthcoming years owing to a rise in the demand for ready-to-drink products from the millennial population in the region.
• The market is expected to gain notable growth prospects in East Asia and South Asia during the forecast period due to factors such as the presence of sizable consumer base and improving spending power of the regional population

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Ready-to-Drink Beverages Market: Key Players

Some of the key players profiled in the report are:

• PepsiCo Inc.
• Asahi Group Holdings, Ltd.
• Nestlé S.A.
• The Coca-Cola company
• Suntory Holdings Limited
• Kraft Heinz Foodservice
• O-AT-KA Milk
• Gehl Foods, LLC
• Danone S.A.
• William B. Reily and Company, Inc.
• Vitasoy International Holdings Limited
• Keurig Dr Pepper Inc
• Mutalo Group
• Gujarat Cooperative Milk Marketing Federation (GCMMF) – Amul
• The Campbell Soup Company

Ready-to-Drink Beverages Market Segmentation

Product Type

• Carbonated Soft Drinks
• RTD Coffee
• RTD Tea
• Dairy-based Beverages
• Fruit Juice

Distribution Channel

• Business to Business (Foodservice)
• Business to Consumers
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Departmental Stores
• Vending Machine

Regions Covered

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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