Beverage Premix Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Beverage Premix Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The beverage premix market size has grown strongly in recent years. It will grow from $61.77 billion in 2023 to $65.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to changing consumer preferences, increasing urban population, rising disposable income, busy lifestyles, health and wellness.

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Market Drivers and Trends:

Increasing demand for healthy drinks is expected to propel the growth of the beverage premix market going forward. A healthy drink is a beverage that provides nutritional value and contributes positively to an individual's overall well-being. Beverage premixes give a healthy option with additional benefits beyond convenience formulated to provide nutritional value and health-promoting ingredients while maintaining the ease of preparation made with nutrient-rich ingredients, reduced added sugars and balanced nutrition. For instance, in 2021, according to the Government of Canada, a Canada-based government agency, the retail sales of energy drinks are expected to increase from $14,150.4 million in 2020 to $20,733.9 million in 2025. Further, reduced sugar sports drink retail sales are expected to grow from $1,401.3 in 2020 to $1,684.6 in 2025. Therefore, the increasing demand for healthy drinks is driving the growth of the beverage premix market.

Major companies operating in the beverage premix market are introducing innovative products to sustain their position in the market. Innovation in premix drinks is created with functional ingredients to address the growing consumer interest in enhancing their health and wellness. For instance, in March 2023, Coco-Cola Company, a US-based beverage company, launched its Jack Daniel's & Coca Cola RTD, a premixed, canned cocktail. The highly anticipated ready-to-drink (RTD) balances the smooth character of Jack Daniel's Tennessee Whiskey with the refreshing taste of Coca Cola. Additionally, this is introduced to consumers in a consistent, convenient and portable format, bringing two iconic brands together in an RTD format for the first time in the U.S.

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Major Key Players of the Market:

Nestle S.A., PepsiCo Inc., Unilever PLC, The Coca-Cola Co., Mondelez International Inc., Starbucks Corporation, The Kraft Heinz Company, Keurig Dr Pepper Inc., The Hershey Company, Ajinomoto Co. Inc., ITO EN Ltd., Dunkin' Brands Inc., Wagh Bakri Tea Group, CCL Products Ltd., Tata Coffee Limited, Girnar Food And Beverages Private Limited, Panama Foods, Neel Beverages Pvt Ltd., Tweak Beverages, Om Sai Foods Pvt. Ltd., The Cup Republic, Nandram Corporation, Kartin Tea, Exotica Foods Pvt. Ltd., Plus Beverages.

Beverage Premix Market 2024 Key Insights:

• The beverage premix market size is expected to grow to $82.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Growing Demand For Healthy Drinks Fuels Beverage Premix Market Growth
• Innovative Product Launch To Tap Into The Health-Conscious Consumer Sector
• North America was the largest region in the beverage premix market in 2023

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