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

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Jul 12, 2022, 07:30 ET

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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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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