Infinium Global Research has added a new report on Global Instant Beverage Premix Market. The report provides deep insights about trends, market size and forecast over 2016 to 2022 for instant beverage premix market world wide. The report segments the global beverage premix market by type and by region. In terms of type, the market is segmented into instant coffee, instant health drinks, instant milk, instant soup, instant tea and some others.
Fast-paced life and busy lifestyles have caused significant rise in the demand for the instant beverage premix products, as it enables people to make instant beverages at home or office with ease. Moreover, the instant beverage premixes have longer shelf life and can be stored for a longer period of time, which in turn helps the consumer to carry the instant premixes from home to office and vice versa. Beverage premix such as Instant tea, instant milk have become popular among the consumers and have now become trend in the market. Instant tea has more market share worldwide in comparison with other beverage premixes.
The size of global instant beverage premix market was approximately, USD 60 billion during the year 2014. It is projected to reach USD xx.xx billion by 2022, growing with a CAGR of 5.5% to 6 % from 2016 to 2022. Innovation in terms of design and development of new products is the primary driver for growth in the market. Moreover, technological advancements in this market are driving the market, presently. Going forward, more new product segments are expected in this market and it is anticipated to provide opportunities for the market players to diversify their product portfolios. Changing consumer preferences are anticipated to play a crucial role in driving the opportunities for the players in this market over the forecast period. Furthermore, Quick service restaurants are expected to be a new trend for the point of purchase for instant beverage premixes over the forecast period.
Geographic Coverage and Analysis:
The report on instant beverage premix provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific region is the biggest market and it is driven by the demand in China and India. Increase in disposable income of people in major countries in the region fuel the growth in demand for instant beverage premix. There is more demand for instant tea in China and Japan. Improved distribution channels as well as increasing e-commerce presence help the major players in this region. Europe is the next major instant beverage premix market with strong base for beverages such as tea, coffee, milk and health drinks. The major players in the market are expected to face stiff competition from their rivals. The focus on disruptive pricing models will not help the players in expanding market over the time. Bringing new products to meet the aspirations of busy consumers will be a challenge for the companies. Moreover, they are expected to face threat from smaller companies, which could afford to offer cheaper prices for the consumers.
The companies covered in the report include
- Ajinamoto General Foods Inc
- Coca-Cola Company
- Dunkin Brands Group Inc
- Keurig Green Mountain Inc
- Monster Beverage Company
- Pepsico Inc
- Starbucks Corporation
- Suntory Beverage
- Food Limited
- The Republic of Tea Inc.
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