The global fruit beverages market size is expected to reach USD 51.66 billion by 2025 registering a CAGR of 6.2%, according to a new report by Grand View Research, Inc. Rising importance of maintaining a healthy lifestyle and demand for fruit beverages as nutritional supplements are expected to remain key growth-driving factors for the global market. Furthermore, rising demand for Ready-To-Drink (RTD) beverages due to hectic work schedules will augment the market growth over the forecast period.
North America is expected to lead the global market over the forecast period. Strong brand presence of key industry participants including PepsiCo and Coca-Cola through their well-established distribution networks in U.S. is projected to remain a favorable factor for the market growth. Asia Pacific is expected to register the fastest CAGR from 2019 to 2025. This growth is attributed to the increasing demand for fruit beverages in emerging countries including China and India. The canned and fresh juices packaging segment is expected to generate the maximum market share by 2025.
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Further key findings from the study suggest:
• Canned and fresh juice packaging is projected to be the fastest-growing segment while frozen juices segment is projected to expand at the fastest CAGR of 7.1% from 2019 to 2025
• Asia Pacific is projected to be the fastest-growing regional market over the forecast period while North America is projected to account for the largest revenue share
• Major manufacturers in the market are Tropicana Products, Inc.; The Coca Cola Company; The Campbell Soup Company; Langer Juice Company, Inc.; Ceres Fruit Juices Pty Ltd.; Lassonde Industries, Inc.; Ocean Spray Cranberries, Inc.; Del Monte Foods, Inc.; and Parle Agro Private Ltd.
• Most of these companies focus on product innovation, M&A, and capacity expansion to gain a greater market share
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Grand View Research has segmented the global fruit beverages market on the basis of packaging, distribution channel, and region:
Fruit Beverages Packaging Outlook (Revenue, USD Billion, 2015 - 2025)
• Canned and Fresh Juices
• Non-Carbonated Drinks
• Frozen Juices
Fruit Beverages Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
• Hypermarket/Supermarket
• Convenience Stores
• Online
Fruit Beverages Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
o U.S.
• Europe
o U.K.
o Germany
• Asia Pacific
o China
o India
• Central & South America
o Brazil
• Middle East & Africa
o South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.