Beverage Ingredients Market - Positive Long-Term Growth Outlook 2024

Global Beverage Ingredients Market: Overview

The beverage choice of consumers is no longer restricted to the purpose of refreshment but are influenced by diverse aspects. It is because of this that the leading beverages producers are focusing more on ingredients to cater to the dynamic consumer preferences.

The report provides a comprehensive market overview covering the current trends, growth drivers, and key restraints. Based on information sourced through proven research methodologies the report provides refined outlook for future years. Besides these, it also includes a detailed assessment of the latest technologies influencing the market and studies the impact of Porter’s five forces.

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Global Beverage Ingredients Market: Trends and Opportunities

The pace at which younger population worldwide is increasing, it is very likely for the global beverage ingredients market to witness a high spike in the demand. Besides this, the market is also slated to gain from the increasing popularity of sports and the expanding fast food chains where beverages are often served as complimentary. In western countries particularly, a considerable rise in the demand for beverage is noted with the dip in temperatures. While these factors will spur opportunities for the existing players, the market in whole is also expected to gain from the entry of new beverage ingredients.

However, the increasing health consciousness among common men has become a major concern for the market. The risks associated with the increased consumption of caffeinated drinks that can lead to the viscous cycle of insomnia and fatigue could hinder the market’s trajectory to an extent. While zero calorie beverages might appear appealing at first but studies say they can hurt the metabolism as well thereby having negative impact on the way body responds to sugar. Nevertheless, market players are trying new methods of countering the bottlenecks. For instance, the introduction of light or sugar free drinks provides significant opportunities to attract female consumers.

Global Beverage Ingredients Market: Regional and Other Key Segments

Among the key regional segments, which include North America, Asia Pacific, Europe, and Rest of the World, North America led the global beverage ingredients market, trailed by Europe and Asia Pacific. In Asia Pacific, India and China have emerged as major markets for beverage ingredients. These countries exhibit superiority in both price competitiveness and expansion. Based on types, the global beverage ingredients market can be classified into juices, soft drinks, and alcoholic beverages. Based on in-depth research, the report foretells the demand for ready to drink non-alcoholic beverages will pace higher than any other market segments.

Besides these, the report also presents a detailed assessment of the market based on beverage ingredient. Among the key segments, tea evidently witness stronger demand due to its higher consumption than coffee and carbonated or flavored drinks.

Global Beverage Ingredients Market: Vendor Landscape

In order to study the competitive landscape, the report also profiles some of the leading companies operating in the global beverage ingredients market. Some of these enterprises are Anheuser-Busch InBev, Coca-Cola, PepsiCo, Monsanto Company Inc., GlaxoSmithKline, Red Bull GmBH, and Kraft Foods Inc.

Global Beverage Ingredients Market: Growing Demand for Energy Drinks to Emerge as Rising Trend, notes TMR

The global beverages ingredients market is studied in a new report by Transparency Market Research (TMR). The report is titled, ‘Beverage Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.’ It presents a detailed overview of the market’s historical development trajectory and its current revenue estimations. An in-depth analysis of these statistics is used to derive insightful information about the beverages ingredients market’s future growth.

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Today, beverage choices for consumers are no longer limited to refreshment drinks; they are influenced by factors such as ingredients, health benefits, and flavor. The popularity of beverages is increasing among younger consumers and thus, the global beverages ingredients market is anticipated to witness bright prospects in the coming years. The attraction of the urban youth towards the café culture is also driving the market. Overall, there is a rise in the demand for energy drinks, soft drinks, juices, carbonated soft drinks, and functional and flavored waters. This will contribute to the growth of the beverages ingredients market.

Countries such as UAE, Brazil, China, and India have a high consumption rates of carbonated drinks owing to the rising disposable income and changing lifestyles. This is also aiding the growth of the market. In the coming years, it is expected that rising health and wellness awareness will help drive innovation in powdered beverages. New ingredients will enable the growth of the market. Players are also focusing on developing new and improved varieties of beverage ingredients to secure a competitive edge. Technological advancements in the food and beverage packaging sector have resulted in longer shelf life of beverages and this is having a positive impact on the market.

Analysts predict that there will be a shift in the preference towards drinks that boost good health or fitness such as energy drinks and beverages with zero-calorie and sugar. An increase in the prevalence of obesity and diabetes is driving consumers towards these types of beverages. As such, energy drinks are likely to demonstrate a significant growth rate over the forecast period owing to several health benefits.

The demand for ready-to-drink (RTD) tea and coffee from the corporate sector and other outlets will also increase in the coming years, boosting the global beverages ingredients market. On the other hand, minor health issues such as fatigue and insomnia owing to the consumption of caffeinated drinks will hinder the market’s growth to some extent.

Major beverage ingredients used include oligosaccharides, botanicals, sweeteners, colors, acidulants, flours, cocoa ingredients, vitamins, fats and oils, flavors, emulsifiers, proteins, and minerals. By type of beverage, the market is segmented into soft drinks, alcoholic beverages, and juices. On the basis of geography, North America, followed by Europe and Asia, is a dominant consumer of beverages.

Key players profiled in the market are Coca-Cola, Red Bull GmBH, PepsiCo, Anheuser-Busch InBev, Kraft Foods Inc., Monsanto Company Inc., and GlaxoSmithKline 

Beverage Ingredients Industry - Global Industry Analysis, Forecast 2013 – 2019

Beverages are important part of balanced and healthy life. They provide energy, quench thirst, and provide hydration. The key ingredients in non-alcoholic beverages include high fructose corn syrup, caffeine and low calorie sweetener. Consumers beverage choice are no longer restricted to refreshment purpose, but rather are influenced by various factors. Hence the beverage market is more focusing on ingredients to satisfy the demand of its consumers. The most widely consumed beverage is tea.

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The key drivers for beverage ingredients market include increase in young population worldwide, increased popularity of sports, and increase in fast food chains where beverages are given as complementary. Also low temperatures in western countries lead to increased consumption of beverages. Entrance of new beverage ingredients will help in changing the preference of customers thereby changing the growth of beverage market. The major restraint of beverage ingredient market is increase in health conscious among consumers. Increased consumption of caffeinated drinks leads to viscous cycle of fatigue and insomnia. Also zero calorie beverages may seem appealing but they can actually hurt the metabolism thus affecting the way body responds to sugar. The major opportunity of this market is introduction of light drink or sugar free beverages to attract female customers.

North America is leading consumer of beverages market followed by Europe and Asia Pacific. India and China have been the major markets for beverage ingredients, sharing superiority in both expansion as well as price competiveness. On basis of types, beverages are classified into soft drinks, juices, and alcoholic beverages. Ready to drink non alcoholic beverage is expected to be dominant segment of beverage market. Based on beverage ingredients, tea is more consumed compared to coffee, carbonated and flavored drinks.

Some of the key players of this market are PepsiCo, Coca-Cola, Kraft Foods Inc., Anheuser-Busch InBev, Monsanto Company Inc. Red Bull GmBH, and GlaxoSmithKline among the others.