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Soft Drink Concentrate Market | Growth, Trends And Forecasts
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This report provides a study on the global market, categorizing soft drink concentrates on the basis of their main applications, end use, and geography. It includes projections for global as well as regional soft drink concentrate demand.
The Soft Drink Concentrates Market was estimated to be $25,500.00 million in 2013, and is projected to reach $34,761.36 million by 2019, at a CAGR of 5.4% from 2013 to 2019.
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This market is driven by consumer demand for processed food & beverages, without compromising on the taste and nutrition of the product. The growth potential of the market also depends on the research & development and opportunities to introduce new flavours of non-carbonated concentrates. The market is characterized by the growing demand for healthy and upmarket products. The changing lifestyles and the rapidly growing food & beverage industry have driven the demand for soft drink concentrates.
Orange and apple fruit concentrates accounted for a major share, in terms of value, of the total non-carbonated soft drink concentrates market. The steady increase in demand for fruit juices, and healthy and upmarket products is projected to increase the market size, in terms of value, of non-carbonated soft drink concentrates, by 2019.
Europe formed the largest segment of the soft drink concentrate market in 2013. The market here is projected to grow at a CAGR of 4.8% during the projected period. North America was the second-largest market, due to an increase in the demand for processed food & beverage in the region. The Asia-Pacific region is projected to see the fastest growth during the same period.
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