RTD Beverages Market 2023 Driving Regional Sales, Global Worth Projected to Reach USD 45.50 billion by 2030 | MRFR Growth Assessment Report
Research Reports
Mar 23, 2023
RTD Beverages Market Research Future Insights
According to MRFR analysis, the global RTD Beverages Market is expected to register a CAGR of ~5.40% from 2022 to 2030 and hold a value of over USD 45.50 billion by 2030.
The RTD Beverages Market refers to the market for Ready-to-Drink beverages, which are packaged drinks that are ready for consumption without the need for any additional preparation or mixing. RTD beverages can include a wide variety of non-alcoholic drinks, such as carbonated soft drinks, energy drinks, sports drinks, iced tea, coffee, juice, and water. They can also include alcoholic beverages such as pre-mixed cocktails, wine, and beer.
The RTD beverages market has grown in popularity due to factors such as convenience, portability, and a desire for healthier options. Many RTD beverages are marketed as low-calorie, low-sugar, and natural or organic. The market is highly competitive, with numerous companies offering a wide range of products to meet the diverse tastes and preferences of consumers.
In COVID-19 pandemic the market has benefited from increased demand for at-home consumption of beverages due to lockdowns and social distancing measures. Many consumers stocked up on RTD beverages to have on hand during the pandemic, leading to increased sales for manufacturers and retailers.
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Regional Analysis
The Asia-Pacific region is currently the largest region of the RTD beverages market, and this trend is expected to continue in the coming years. The region has a large and growing population, rising disposable incomes, and changing consumer preferences that favor convenience, health, and wellness. The Asia-Pacific region is home to several large and growing markets, including China, India, Japan, and South Korea, which are all major consumers of RTD beverages.
North America and Europe are also significant markets for RTD beverages, driven by the high consumer demand for convenience and portability, along with a growing focus on healthier options.
Market Segmentation
The RTD beverages market has been segmented into type and end–uses.
Based on the type, the market has been segmented into rice and noodles, salads, gravies and curries, pasta and pizzas and soups.
Based on the end-uses, the market has been segmented into store and non-store based.
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Key Players
Some of the key market players are:
- General Mills Inc.
- Premier Foods Plc
- Unilever
- Kerry Group
- Conagra Foods Inc.
- Associated British Foods Plc
- Tyson Foods Inc
- Greencore Group Plc
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