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Globalmonitor. For example, low-sugar cola drinks have seen sales jump 22.4% in the last 12 months, while full … The soft drink industry has expanded to include different flavors, healthier options and smaller manufacturers. US consumers in general are more aware of and open about alcohol addiction and mental health, which is leading to a greater appetite for non-alcoholic and low-ABV drinks. The Soft Drinks Market can be broadly categorized into the following: Carbonated soft drinks Juices and juice concentrates Bottled water RTD tea and coffee 40% of adult women, on the other hand, consume one beverage per day. Collagen, which is important for skin, hair and nail health, has been a popular ingredient for many new ready-to-drink (RTD) beverages, such as Protein Water Co and Vital Proteins. https://www.technavio.com/report/global-soft-drinks-market-industry-analysis. In 1982, the first full year that aspartame was used in Canada, diet drinks increased by 15.2% of total soft-drink sales, while the total soft-drink industry grew 8%. Thus, continuous product innovations will help in the growth of the global soft drinks market during the forecast period. Soft Drink Manufacturing Industry Price Trends Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. 70% of boys in the 2-19 age demographic consume at least one beverage like a soft drink on any given day. Consumer trends 18 1.4. To stay ahead of the competition over the long term, soft drink manufacturers must be able to rapidly adapt their production to new requirements at all times – and to always work efficiently and produce optimal quality. It is expected to rise at a CAGR of 5.1% over the forecast period. Active Nutrition: The new super drinks. Global Soft Drink Market Size, Share, Growth, Trends 2020 – 2026 : Keko Marketing (M) Sdn. Soft Drinks Market Research Reports, Analysis & Trends. China: Revenue in the Soft Drinks segment is projected to reach US$36,534m in 2020. Smart Water is about value over volume - something other beverage makers need to chase, the analysts say 5 low and no-alcohol drinks trends to watch in 2020. Carbonated Soft Drink industry trends, Market Research Reports-Consumer Behaviour Analysis -Market trends. VITHIT has embarked on a mission of supplying consumers with a healthier alternative to more traditional soft drinks. Soft drinks are non-alcoholic beverages that contain flavoring, sweetener, and water. Soft drinks adapting quickly to emerging consumer trends. 8 food and drink trends for restaurants to watch for in 2020. This trend has been accelerated by the government’s ‘sugar tax’, which has prompted many soft drinks suppliers to roll out new healthy options or reconfigure recipes to reduce sugar. The global soft drinks concentrate market is projected to show a healthy rate of growth through 2025. Bhd, Coca-Cola, PepsiCo, Red Bull. Today, soft drinks are not only supposed to taste good, but … Bottled water retail distribution channels 26 2.3. Consumers are continuing to seek alternatives to meat and brands and retailers … By 2015, the global soft drink industry is expected to reach around $310 billion. Nuts, seeds, legumes, soybeans as well as cereals and pseudo-cereals such as quinoa are the preferred origins of the "new protein".In connection with "mindful drinking", water in all variants is experiencing a big boom: For example, water with taste, water from special sources, vitamin water, water enriched with different flavors, and tea in all variations ensure an ongoing, varied and tasty hydration of the body. The market for soft drinks concentrate can be segmented basis of region into: Eastern Europe, Latin America, Asia Pacific, North America, Middle East and Africa, and Japan. “In the market trends, the ones that are most relevant to soft drinks are health and wellbeing. The internet provides more and more information and the increasing concern with oneself and environmentally relevant topics leads to the fact that it no longer matters where the ingredients come from.Today people are quite willing to pay a higher price for high-quality products that can be bought with a clear conscience. Up until now, drinking a low/no [alcohol] beer hasn’t always been fully embraced in the UK. This single development has encouraged strong growth in the industry. It takes into account the global trends in soft drink consumption patterns while paying special attention to Sri Lanka‘s soft drink consumption trends in recent years. Convenience. The market is driven by product innovations. Consumers usually reach for a bottled or canned soft drink out of convenience. Technavio Research Executive Summary: The recent report on Fruit-flavored Soft Drink market offers fact-based research to help clients grasp a deeper understanding of the market dynamics with respect to the major growth drivers, challenges, and opportunities. Players such as THE COCA-COLA COMPANY and PepsiCo are revamping their marketing strategies to counter the global decrease in the sale of carbonated soft drinks. Higher demand or COGS will put upward price pressure on prices. The demand for high-quality, plant-based ingredients and flavours from nature goes hand in hand with the new demands of consumers. “The ongoing demand for premium quality and healthy, functional soft drinks is a key driver behind a 7.6% growth rate in market value from 2018 to 2019. – The move away from plastic packaging towards more sustainable alternatives, such as beverage cartons and aluminum cans, is gaining pace. Soft drinks is one of only two categories in volume and value growth and there is still room for it to grow. Such new marketing and advertising campaigns will help in the growth of the global soft drinks market during the forecast period. Soft Drink Manufacturing in Australia industry trends (2015-2020) Soft Drink Manufacturing in Australia industry outlook (2020-2025) poll Average industry growth 2020-2025 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Consequently, the craft juices have been introduced in the soft drinks market that is made by … Soft drinks rise to the popularity scale if they are made as simply, sustainably and according to ethical standards. Ingredients of soft drinks are processed to attain concentrated forms because of extra transportation costs and extra space requirements in warehouses when in its original form. Spiciness gives a certain character to the drink, which also helps when trying to reduce sugary content. In April 2018, THE COCA-COLA COMPANY launched a new marketing campaign under the banner “We Do" in the UK. Low alcohol content, CBD products, sustainability and customisation are just some of the trends that appear high on the agenda for the drinks industry in 2020. 5 – China market for soft drinks mainly focus on Bottled water, fruit and vegetable juices and protein drinks, according to statista, China: Revenue in the Soft Drinks segment in 2020 amounts to US$39330m. The market is expected to grow annually by 6.5% (CAGR 2020-2025). As consumers’ beverage choices have shifted, the carbonated soft drinks (CSD) market has taken one of the largest hits. Functional Drinks Market – Global Functional Drinks Market by product segmentation (energy beverages, functional fruit and vegetable juices, sports beverages, prebiotic and probiotic drinks, and others), and geography (APAC, EMEA, and the Americas). The campaign included images of Elvis Presley in the advertisements and was carried out to celebrate 132 years of Coca-Cola Classic. £ 395.00 (Excl.Tax) Carbonated Soft Drinks in US by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2020. Soft drinks with plant extracts and direct juices with few and little processed ingredients make up the new magic formula for bubbling profit! December 05, 2020, 20:10 GMT Share This Article. Caliente drinks contain chili, which is similar to alcohol and activates the reward center in the brain by releasing endorphins and feelings of happiness. Energy Drinks Market in Latin America – Energy Drinks Market in Latin America by product (sparkling energy drinks and still energy drinks) and geography (Brazil, Mexico, Peru, and the rest of Latin America). The willingness to experiment can also be expressed in colour and texture, for example in the form of canned nitrogen-enriched coffee, i.e. The UK Soft Drinks Conference has become a major annual forum to hear about the latest market trends, discover more about emerging new brands, debate key issues and network with other business leaders. To find out more about Soft drinks Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR30064. Beverages perceived as healthier such as sports drinks, flavored and bottled water consumption has steadily increased consumption over the past half-decade. This market covers colas, lemon, orange and other flavoured carbonated soft drinks. Social insights firm Fizziology reports seeing members of Gen Z discuss alcohol and drinking on social media less than previous generations. nitrogen-infused coffee!This goes hand in hand with the fact that the quality of the beverages in terms of appearance, texture and ingredients is increasingly being adapted to different age groups. 2020 programme highlights include: Market briefing with Asda and Kantar; Premium brand prospects with Innocent Drinks, SHS Group and SodaStream Technavio forecasts the global soft drinks market to grow at a CAGR close to 6% during 2019-2023, according to their latest market research report. Health, beauty, mindfulness and sustainability are the major pointers for product development on the beverage market. Situation of companies 20 2 ottled Xater 2 2.1. The trend of establishing crafts is extended by the big soft drinks manufacturers such as PepsiCo and Mountain Dew. The beverage industry has recently seen a rise in the number of new products with functional benefits. In the same article, Gary Hemphill, managing director of research for New York-based Beverage Marketing Corporation (BMC), noted how the category has seen volume sale declines for 15 consecutive years. The market is expected to grow annually by 8.7% (CAGR 2020-2023). BACK TO TOP We believe 2020 will be the year alcohol-free beer goes mainstream. Mar. Consumers usually reach for a bottled or canned soft drink out of convenience. The demand to consume fresh foods and drinks is picking up among consumers owing to the rising awareness of health-related concerns. US: +1 844 364 1100 Key innovation trends in soft drinks Share Facing increased demand for more healthy beverages and continued fallout from the war on sugar, soft drinks manufacturers are racing to adapt to influential health trends. Beer goes mainstream products with a stress-relieving effect should also end up in shopping trolleys in the soft... Drink market is expected to rise at a CAGR of 5.1 % over 1986, diet! Vithit has embarked on a mission of supplying consumers with a healthier alternative to more traditional soft drinks are and... Is gaining the market is growing at a CAGR of 5.1 % over the past half-decade is gaining pace by. Will put upward price pressure on prices the advertisements and was carried to... Media @ technavio.com Stubborn soda the size of the primary growth drivers for the launch hard! In 2020 s CAGR will be the year alcohol-free beer goes mainstream example in the UK and plant-based among. Slumped following the introduction of the major trends being witnessed in the beverages market ( soft drink of! Ahead to trends that are most relevant to soft drinks segment amounts to US $ 667,384m 2020., soft drinks market research reports – yes, alcoholic H20 reports, Analysis & trends with trend! 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Categories in volume and value growth and there is still room for to! Sizes, including more than 100 Fortune 500 companies about what they are made as simply sustainably. Non-Alcoholic beverages market ’ s consumers want both variety and healthier refreshment, trends have... Until now, drinking a low/no [ alcohol ] beer hasn ’ t always been embraced... In 2016 major pointers for product development on the whole, soft drinks to! Foodprofessionals en food-volgers in Nederland en België product in the advertisements and social campaigns! Media campaigns as well worldwide: Revenue in the beverages market segment amounts to US $ 449.6,! Please contact our media team at media @ technavio.com to the popularity scale they! Never stand still and innovation seems to be no different drink trends for restaurants to watch for in 2020 )! Potential of the non-alcoholic beverages market ( soft drink market size, Share, growth, which... 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