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The beverage industry
is evolving rapidly. There are more small and independent craft brewers and distillers operating in the whole world, offering creative and unique flavor combinations to locavore-minded tourists and customers.
In addition, the markets for bottled water, coffee, tea, and energy/sports drinks continue to rise, as consumers are looking for healthier drinks to consume.
One big trend in the Beverage Industry is the growing popularity of bottled water. A rising number of consumers are seeking healthier ways to stay hydrated, making bottled water a popular choice. Instead of loading up on soda and sugary drinks, more consumers are opting for bottled water, and this trend is not likely to change anytime soon.
ENERGY AND SPORT DRINKS
Another area of growth is energy and sports drinks, which appeals to a broad range of consumers including millennials, women, and parents. Only in The U.S. energy drink market reached $25 billion in sales in 2016. Energy and sports drinks will continue to be the fastest-growing sector of the beverage market, according to a new report by Packaged Facts.
Alcoholic spirit is most commonly known as “Hard liquor” or “liquor”. It is a distilled alcoholic drink. Usually, alcoholic spirits are produced by the distillation process. A mixture created from alcoholic fermentation undergoes distillation process resulting in alcoholic spirits.
Global Alcoholic Spirits market is estimated to grow at a CAGR of 3.36% over a period of time which goes from 2018 to 2026. Key factors which are responsible for the market advancement are:
- Changing lifestyle and consumption habits of alcoholic drinks.
- Traditionally preferred drink by men due to its high alcohol content.
- Rapid urbanization and high disposable income.
- Emergence of E-commerce.
- Growing demand for premium vodka, & whisky.
However, the primary growth driver for the market is premiumization. Market players are coming up with premium products as the demand for the same is increasing among the consumers. Due to the turn-around of the global economy, the disposable income of the consumers has increased, and this has led to an increase in the demand for premium products. Moreover, other factors such as new product launches, increasing marketing and advertising campaigns by the players, are also establishing the market growth.
Discover our solutions
for your products
CFT Group is able to supply
complete filling systems for the whole Beverage sector, starting with a wide range of fillers for carbonated and soft drinks, up to a special level technology-based fillers’ range for still products, such as water and spirits.
A single supplier to answer multiple needs!
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