Beverages Industry essentially consists of different types of drinks, either alcoholic or non-alcoholic, other than water. From thirst quenching medium to mineral and health management diet, beverages are consumed to address various purposes globally. Beverages industry includes soft drinks, alcoholic & ready-to-drink beverages, energy & fruit-based drinks, dairy beverages and others. Currently, the industry is witnessing a slow growth attributable to high level of competition and low market demand among consumers. However, manufacturers have positive outlook due to adoption of active strategic initiatives focussing on distribution efficiency, co-manufacturing and direct selling. Manufacturers are also showing interests to expand business operations to smaller markets.
Global beverages industry is expected to witness faster growth in future due to rise in disposable income of developing nations and increase in consumer demand from smaller markets. Although, factors like strict government regulations, change in retail landscape, increase in customer service demand, rise in raw material prices and availability of substitutes are challenging growth of the global beverages market.
Alcoholic beverage market is expected to drive overall industry especially across Brazil, Russia, India and China (BRIC) region. Of all the segments, beer controls majority of the market share followed by spirit and wine. Global soft drinks market is expected to move towards lower prices products in emerging markets, resulting in lower revenue from the segment. Although, fruit juice market is expected to grow faster due to shift in consumer preference towards organic and healthier beverages. Coffee and tea market are observing increase in strategic collaborations to retain market share.
Due to rising consumer demand, manufacturers are looking for improvement in supply chain with aim of expanding their business at low operating costs. Beverage manufacturers are integrating technology with operations to increase connectivity among business processes. Technology like seamless product traceability solutions is being implemented to run intelligent operations which will enable increase in productivity and efficiency.
ASDReport.com has an extensive array of reports on beverages market. The reports provide insights on topics related to beer, cider, spirits, beverage packaging, logistics, cold chain, bio-alcohol, analytical instruments, milk, dairy and others.