According to this recent publication the organic beverage segment is classified into a range of dairy alternative, coffee & tea, beer & wine among others.
With the increase in awareness and easy availability, the organic beverage segment has gained more acceptances in the market and reach over a value of USD 35 Billion by the end of the forecasted period with more than 14% CAGR.
However, organic beverages segment is expected to showcase a less growth rate but the organic food and beverages market size is huge. Moreover, the organic frozen and processed foods and other organic beverages are also transpiring segments, which are expected to fetch good revenue.
Some of the restraints associated with the market are high price and the low shelf life of organic beverages in comparison with conventional ones. In addition, the investments in the organic beverages sector also increase from the private investors as well as from the government, which provide the opportunities for the organic beverages market to nurture.
With the advancement in the technology and the increase in soil adaptability to organic farming the prices of organic beverages is expected to decline in the near future. At present, organic coffee and tea have witnessed higher demand potential. This segment has high rate of adoption in the organic beverages market due to unique advantages provided by the organic coffee and tea such as helping in weight loss.
The rapid growth of demand for fresh and healthy juices drives the market to take a hike. Factors such as the emergence of numerous local breweries and the increasing popularity of non-alcoholic organic beer among the younger population are promoting the sales of organic beer across the globe. Increasing awareness about the health benefits associated with the consumption of organic products is expected to drive demand over the years to come.
The North American region is the largest market for organic beverages with Asia-Pacific is projected to grow at a faster rate during the forecast period. The Increasing awareness level for organic products among the consumers as well as the continuous launch of new product variants is supporting the organic beverages market growth across the Asia Pacific region.
Manufacturers are focusing on new product development by bringing various blends of fruit and vegetable juices to attract the consumer base. Further, companies have embraced the organic trend by reformulating their beverages brands, including juice, tea, coffee, and dairy products or introducing a new product line. With an increase in supportive policies from various countries towards organic business, the market growth for Non-alcoholic beverages is expected to grow further during the forecast period.
High product demand across the globe and rising disposable income levels in developing economies are some of the major factors boosting the growth of the market. Demand for non-sugary, non-caffeinated drinks will also fuel the product demand over the coming years.
Globally, there is an increase in demand for organic beverages as consumers prefer beverages that are free from flavoring agents, preservatives, and synthetic pesticide-free. Manufacturers are focusing on new product developments by bringing various blends of fruit and vegetable juices to attract the consumer base.
Further, companies have embraced the organic trend by reformulating their beverages brands, including juice, tea, coffee, and dairy products, or introducing a new product line. With an increase in supportive policies from various countries toward organic business, the market for non-alcoholic beverages is expected to grow further during the forecast period.
As consumer’s preference is more towards natural sugar and sugar-free drinks diet coke than the added sugar drinks like slice, Pepsi, and coca-cola which is harmful to the body if consumed in higher proportion. Organic beverages are synthetic pesticides free, having neither any preservatives nor any flavoring agents, supplies only when needs and on demands of the consumers.
Recent Developments
- In February 2022, PepsiCo’s energy drink Rockstar launched Rockstar Unplugged. This drink is made with ingredients such as hemp seed oil, vitamin B, spearmint, and lemon balm with 80 mg of caffeine per can.
- In October 2021, Anheuser- Busch InBev entered a distribution deal with vitamin D beverage company ShineWater. The distribution partnership will allow ShineWater to bring increased retail availability to more concentrated geographical areas and allow product fulfillment to meet the increasing consumer demand for functional beverages.
Major Companies considered in Report:
Amy’s Kitchen, Danone – WhiteWave Foods, Eden Foods, Inc., General Mills, Hain Celestial Group, Nature’s Path Foods, Inc., Organic Valley, SunOpta Inc., United Natural Foods, Inc, Whole Foods Market.
Considered In the Report
- Geography: Global
- Historical year: 2016
- Base year: 2021
- Estimated year: 2022
- Forecasted year: 2027
Regions and Countries covered:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia)
- Asia-Pacific (India, Japan, Australia, China)
- South America (Brazil, Argentina, Columbia)
- Middle East & Africa (UAE, Qatar, Saudi Arabia, South Africa)
Aspects Covered In the Report
- Market Size By Value for the time period (2015-2026F)
- Market Share by Type (Food & Beverage)
- Market Share by Beverage (Non-Dairy, Coffee & Tea, Beer & Wine)
- Market Share by Sales Channel (Convenience Store, Modern Retail, Online Retail)
- Market Share by Region
- Market Share by Country
For more information about this report visit https://www.researchandmarkets.com/r/p946th
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