Report Code: A16175 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Soft Drink Market
Request Now !Nowadays, consumers does not drink liters of lemonade and other high-calorie carbonated beverages. Today,non-alcoholic beverages should not only taste great, but should also score as a "functionaldrink" with some added ingredients, suchas vitamins or minerals, that support an active lifestyle and consciously as part of a balanced diet. Non-alcoholicbeverages are enriched with functional ingredients such as plant-based protein drinks, are particularly popular with athletes, vegetarians and vegans, but also specialtybeverages that contribute into the normal functioning of digestive enzymes or maintaining normal cognitive function, currentlyfulfillsan importantneed of the conscious consumer and to a large extent determines the beverage trends.
Thereforelow-caloriecarbonated drinks remain very popular now a days. In theage ofanti-aging and the need for"youthforever"among many, drinks contain ingredients such as collagen in the mixcompounds are delicious, but also containsome fiber or some selected secondary phytochemicals,which are promising for the development of new products. In the rightquantities, they can contribute to a holistic and conscious lifestyle that does not accelerate the natural aging process.Â
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Growth in the Demand for Fast Food Industry
Growing demand for instant snacks and fast food industry is expected to drive demand for Soft drinkover the next decade. It is alternative for mayonnaise and other Soft drinks and can therefore be used in preparation of Chinese and other foods. It is expected to boost the global Soft drinkmarket during the forecast period. Soft drink has less than half the calories and fat than mayonnaise. Also, due to the increased concentration of sugar and salt compared to mayonnaise, using a small amount of this can make abig difference. This factor is expected to boost the global Soft drinkmarket during the forecast period.
The factor driving the global Soft drinkmarket is its lower cost than other substitute products available in the market. The factor thatcould hamper the global Soft drinkmarket during the forecast period is consumer preference for other alternatives such as alcoholic drink. But overall, the outlook for the global Soft drinkmarket is expected to be positive over the next decade.
Markets are mainly dominated by South America
The high popularity of carbonated non-alcoholic drinks among youngpeople in countries suchas Brazil, Argentina and Venezuela is expected.stimulate the regional market in the near future. Growing disposable income, rapid urbanization and sudden expansion of financial sectors and launch of new products in countries such as Nigeria and Kenya, are expected to remain favorable factors for the growth of the industry.
Here manufacturers have a great opportunity to grab an outsized consumer base in these regions. Manufacturers are creating awareness among the consumers through knowledge based advertisements in order to incline an outsized number of health conscious people towards these seeds. Due to these factors, there is a surge in Soft drink market.
Key Benefits of the Report
Questions answered in the Report
Soft Drink Market Report Highlights
Aspects | Details |
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By Flavors |
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By Packaging |
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By Distribution Channel |
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By Region |
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Key Market Players | Company3, Company5, Company9, Company10, Company1, Company7, Company2, Company8, Company4, Company6 |
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