MARKET INTRODUCTION
Solid beverages are prepared from raw materials, including fruit juice, plant extracts, sugar, nutrition enhancers, and additional preservatives. Solid beverages have a water content of less than 5%. Solid beverages are inherently rich in vitamins, minerals, and other nutrients. The product should be sweetened with nutritive and/or non-nutritive (intense) sweeteners and portable water. The finished product is basically in powdered form, which is dissolved in water to make the preferred drink ready for consumption. Solid beverages are processed in a powdered or a granular form, which enables them to dissolve even in milk. Protein-based solid beverages dissolve easily in milk.
MARKET DYNAMICS
The solid beverage market has witnessed a significant growth owing to factors such as increasing consumer preference for ready-to-drink and longer shelf life beverage products. Also, the availability of fruit-flavored and protein-based soli beverages in both the offline and online retail stores is further influencing the market growth. In addition to that, the presence of prominent market players offering huge numbers of products for global consumers is adding input to the growth of this market. However, health issues associated with the consumption of solid beverages may hamper the market growth in the near future. Since solid beverages have a relatively higher chemical content than traditional beverages and most of the solid beverages, have artificial flavors & color concentrate added. Regular consumption of this kind of beverage may cause weight gain, diabetes, and others. Nevertheless, with the robust growth of the food processing industry, there are ample opportunities for other market players to invest in this market and to gain market share.
MARKET SCOPE
The "Global Solid Beverage Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the solid beverage market with detailed market segmentation by type, distribution channel, and geography. The global solid beverage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solid beverage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global solid beverage market is segmented on the basis of type and distribution channel. On the basis of type, the solid beverage market is segmented into fruit flavored drink and protein-based drink. The solid beverage market on the basis of the distribution channel is classified into supermarkets and hypermarkets, convenience stores, departmental stores, online stores, and other distribution channels.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solid beverage market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The solid beverage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solid beverage market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the solid beverage market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global solid beverage market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from solid beverage market are anticipated to lucrative growth opportunities in the future with the rising demand for solid beverage in the global market. Below mentioned is the list of few companies engaged in the solid beverage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solid beverage market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Nutrition
- Ajinomoto Co., Inc.
- GlaxoSmithKline Plc
- InterNatural Foods
- Keurig Dr Pepper Inc.
- Mondel- z International
- PepsiCo
- The Coca Cola Company
- The J.M. Smucker Company
- The Kraft Heinz Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.