Global
Lime Flavored Soft Drinks Market: Overview
The
rising health issues due to the consumption of cola-based drinks is
translating into a greater uptake of lime flavored soft drinks. The
share of lime flavored soft drinks is substantially high in the
overall soft drinks market and the trend is estimated to continue
over the forecast horizon. These drinks can be carbonated or
non-carbonated. Over the past few years, the carbonated variants have
gained significant popularity owing to their refreshing taste.
However, the increasing health-consciousness among people is poised
to trigger the demand for the non-carbonated type.
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The
research report offers a 360-degree view of the global lime flavored
soft drinks market. It provides insights into the growth drivers,
restraints, opportunities, and current trends in the market. It
includes tools such as Porter’s five force analysis and market
attractiveness analysis that are useful in analyzing the competitive
landscape of the market. It also covers the SWOT analysis of the key
players that are profiled in the report, which helps in revealing the
growth trajectory each player will experience.
Global
Lime Flavored Soft Drinks Market: Drivers and Restraints
The
changing consumer preferences indicate that lighter and clearer sodas
are perceived to be healthier, making it lucrative for lime flavored
soft drinks manufacturers to concentrate on consumers who might have
shied away from soft drinks due to health issues. Lime flavored soft
drinks are being increasingly consumed by sportsperson and athletes
as energy drinks. Furthermore, the growing demand for refreshing and
cooling drinks in regions with high temperatures is augmenting the
market. The increasing number of fast food outlets wherein lime
drinks are served as a beverage is anticipated to fuel the market.
On
the other hand, the declining demand for lime flavored soft drinks
among health-conscious consumers, due to the high content of sugar in
them is hampering the growth of the market. Moreover, the fierce
competition from cola-based drinks is challenging the growth of the
market.
Global
Lime Flavored Soft Drinks Market: Segmentation
The
regional markets studied in the research report are North America,
Asia Pacific, Europe, and Rest of the World. Asia Pacific will be a
lucrative market for lime
flavored soft drinks during the forecast period. The rising
disposable income and the presence of a large number of local players
are contributing to the growth of the region. The demand is
especially strong in countries with high temperatures such as India
and Sri Lanka. North America will account for a significant share in
the market. The region is expected to benefit from the domicile of
the leading lime flavored soft drinks manufacturers.
On
the basis of technology, the market can be segmented into filtration
and smoothing. Preparation of carbonated drink involves filtration
followed by smoothing. The visual clarity of a soft drink is enhanced
by filtration. The increasing emphasis on the clarity of the drink,
as it can be a prerequisite for many consumers, is fuelling the
growth of the filtration segment.
Companies
Mentioned in the Report:
The immense potential of the global lime flavored soft drinks market is attracting new players, which is predicted to intensify the competition over the coming years. Established players are investing sizeable funds in the marketing of their products in order to stay ahead in the market. Experimentation and innovation with the taste of lime flavored soft drinks are among the key strategies implemented by the key players to stay relevant in the market. Some of the key players in the global lime flavored soft drinks market are Dr. Pepper’s Snapple Group, Coca-Cola Ltd., and Pepsi Co. Ltd
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