Spirits, water and soft drinks

Market Trends

The beverage industry is growing rapidly. The markets for bottled water, coffee, tea, and energy/sports drinks continue to rise, as consumers are looking for healthier drinks to consume.

Water

One big trend in the Beverage Industry is the growing popularity of bottled water. The global water market is projected to grow a CAGR of 7.06% from 2019 to 2024.

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 soft drinks

The energy drink market has grown phenomenally in recent years. These drinks are believed to enhance energy levels, physical alertness, and performance. Energy drinks outperformed the growth of conventional carbonated beverages a long time ago, as they are considered healthy substitutes to sugary carbonated drinks.

Alcoholic Spirits

The global alcoholic beverages market was valued at $1,439 billion in 2017, and is expected to reach $1,684 billion by 2025, registering a CAGR of 2.0% from 2018 to 2025. Whiskey displays the potential to grow at over 4.9%.

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

 

REGIONal INSIGHTs
  • North America – main market
  • Europe
  • Asia Pacific – the fastest growing market
  • South America
  • Middle East & Africa

 

CFT Group Solution

CFT Group provides single machines and complete turn-key lines for the Beverage Processing and Filling Industry. State-of-the-art syrup rooms, flash pasteurizers, mixers and saturators together with a wide range of fillers suitable for every kind of format are available to meet any kind of request.

 

Sources:
mordorintelligence.com
alliedmarketresearch.com

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