Industrial, Manufacturing & Heavy Industry Market News

Opportunities for the global beverage industry to reach $1.9 trillion by 2021 according to new research report

Lucintel anticipates that Asia Pacific will be the fastest growing region for the global beverage industry

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According to a new market report published by Lucintel, the future of the global beverage industry looks good with opportunities for alcoholic and non-alcoholic beverages. The global beverage industry is expected to reach an estimated $1.9 trillion by 2021 and is forecast to grow at a CAGR of 3.0% from 2016 to 2021.

The major drivers for the growth of this market are growing urbanization, and disposable income. In this market, alcoholic and non-alcoholic are the major beverage types.

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On the basis of comprehensive research, Lucintel forecasts that the non-alcoholic segment is expected to show above average growth during the forecast period. Consumer preferences, growing population, and health awareness are the major drivers.

Within global beverage industry, beer is expected to remain the largest segment by value. Acceptance of alcohol consumption by consumers, population base of the young generation, and increasing per capita income are the major driving forces that spur growth for this segment over the forecast period.

APAC is expected to remain the largest region and to witness the highest growth rate during the forecast period due to huge population base. For business expansion, Lucintel’s report suggests innovation and new product development for achieving the good customer base.

Emerging trends which have a direct impact on the dynamics of the industry include the use of natural flavors and sweeteners to meet consumer health concerns, and increased interest in exotic drinks. Anheuser-Busch InBev NV, Coca-Cola, PepsiCo, Inc., Diageo plc, and Heineken Holding NV are among the major suppliers of beverages.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global beverage industry by segment, product, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Beverage Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global beverage industry by segment, product, and region as follows: By Segment [Volume (Billion Liters) Value ($ Billion) from 2010 to 2021]: • Alcoholic Beverage • Non-alcoholic Beverage By Product [Volume (Billion Liters) and Value ($ Billion) from 2010 to 2021]: • Alcoholic Beverage  Beer  Wine  Spirits • Non-alcoholic Beverage  Juice  Bottled Water  Carbonated Soft Drink  Coffee and Tea  Other By Region [Volume (Billion Liters) and Value ($ Billion) from 2010 to 2021]: • North America • Europe • APAC • ROW This 311-page research report will enable you to make confident business decisions in this globally competitive marketplace.

 

For more information:

Make an Inquiry about this report HERE!
  • www.lucintel.com/beverage-industry-2016-2021.aspx