Nitro-Infused Beverages Market Value to Cross $366 Million Revenue by 2030, Says P&S Intelligence

NEW YORK, Sept. 19, 2022 /PRNewswire/ -- Advancing at a CAGR of more than 20%, the nitro-infused beverages market value will reach over $366 million by 2030 from around $69 million in 2021. North America is currently the largest consumer of such products, on account of the existence of a number of F&B companies investing in this new concept. For the same reason and due to the fact that people here are not apprehensive about paying premium prices for such products, Europe is the second-largest market.

Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/nitro-infused-beverages-market-report/report-sample

Major Drivers for Nitro-Infused Beverages Market

• The biggest factor leading to an increasing demand for such products is people's burgeoning interest in ready-to-eat food. The key trends with respect to RTE products are natural ingredients, low ABV and low calorie concentrations, and canned beverages.
• Moreover, market players are creating brand images that can be easily promoted on social media, which is allowing them to market their products to an expanding number of customers.
• The product packaging itself is characterized by vibrant graphics, bright and catchy colors, funky catchphrases, thin cans, and simple designs.
• Such a packaging approach drives the nitro-infused beverages market by making the products seem more premium than regular coffee or tea and arousing the youth's interest in them.

Segmentation Analysis of Nitro-Infused Beverage Demand

• The coffee category dominates the market, and its growth will be rather swift during 2021–2030. Coffee is already among the most-drunk beverages in the world, and the infusion of nitrogen gives it a creamy, almost beer-like consistency. Moreover, nitrogen works to reduce the bitterness in the coffee, which can make it more appealing to a larger pool of consumers.
• The highest CAGR in the product segment of the nitro-infused beverages market, of almost 21%, will be witnessed in the soft drinks category. This is attributed to the rising purchasing power of customers, the already long-standing popularity of fizzy non-alcoholic drinks, and the surging demand for cold brews.
• Most of the sales of nitro-infused beverages are made via hypermarkets/supermarkets, bringing in almost $35 million for F&B organizations. Such places offer a wide selection of canned nitro-infused beverages, along with a better and easier shopping experience.
• With the increasing penetration of the internet and busy lifestyles, online channels are expected to witness the fastest rise in product sales. Moreover, many major players and hypermarket/supermarket chains now sell online as well.

Browse detailed report on Global Nitro-Infused Beverages MarketSize and Growth Forecast Report, 2030

Key Geographical Insights of Nitro-Infused Beverages Market

The fastest growth in the sale of nitro-infused beverages is expected in APAC, where people are becoming increasingly influenced by the Western culture. Moreover, well-known fast-food chains, including Starbucks and McDonald's, have started offering such beverages at their outlets in APAC. Additionally, the younger generation in China and India is easily drawn to newer food and beverage concepts, particularly those that have innovative names and are marketed via vibrant graphics.

Nitro-Infused Beverages Market Report Coverage

By Product Type

• Coffee
• Tea
• Soft Drink

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Speciality Stores
• Online Stores

Regional Analysis

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Asia-Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• Saudi Africa
• Saudi Arabia

Browse More Reports Published by P&S

Global Bubble Food and Beverages Market Size Analysis and Growth Forecast to 2030

Global Food Grade Lubricants Market Size Analysis and Growth Forecast to 2030

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:

Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

SOURCE P&S Intelligence