Increasing demand from the corporate consumers due to high coffee consumption rate of instant coffees will help the market grow in the forecast period.
According to the current analysis of Introspective Market Research, the global Instant Beverage Premix market was valued at USD 76.58 Billion in 2019 and is expected to reach USD 112.01 Billion by the year 2026, at a CAGR of 5.64%.
The product innovation and the high demand from the corporate individual for an instant time saving beverage is the major driver for the growth of the product. Attractive packaging, easy availability and the high rise in the e-commerce are some of the drivers for the Instant beverage premix market. Although, the low-quality products and the long approval time are the two restraints that could hamper the growth of the market. The convenient of having instant packages to-go and the easy availability of the product at any retail store is the new opportunity to grow the market. Instant beverage premix products include tea, coffee, soups, health drinks and milk. The segment coffee is dominating the market for the instant beverage premix.
According to the analyst, Asia-pacific is estimated to hold the largest market share for the instant beverage premix market however North-America is estimated to have the highest CAGR in the forecast period due to the high demand from the working individuals from the Asia-Pacific region for the instant caffeinated drinks and the rising health awareness has raised the market. North America has the substantial growth which will increase in the forecast period due to demand of ready-to-eat foods products, including beverages. Increasing popularity of caffeinated concoctions is anticipated to stimulate the U.S. instant beverage premix market growth. Improved availability to products through online retail stores and extensive efforts by manufacturing companies in consolidating retail chains are expected to drive product demand. Europe is expected to have significant growth owing to rising health awareness and increasing number of the obese population also support the industry growth.
The Instant Beverage Premix market is by Product Type (Instant Coffee mix, instant Tea mix, Instant Milk mix, Instant Health Drinks mix, Instant Soups mix), by Function Type (Plain and Flavored), by Distribution Channel Type (Store-based and Online), by End-user Industry (Commercial and Residential). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest:
- The rapid growth of the online stores and e-commerce is also helping the growth of the market. Manufacturers are increasing their production for the instant tea and coffee products which are driving the market.
- Increased disposable income and the standardization in the Asia-Pacific region is helping the market to grow especially in the countries like India, China, Malaysia and Japan.
- New offers and the product development from the rival companies are increasing the growth opportunities for the Instant beverage premix market.
- The organizations demanding low calorie products due to the increasing awareness about health is expected to have a high impact on the market.
Key Participants include Ajinomoto General Foods, Coco-cola Company, Dunkin Brands Group, Keurig Green Mountain, Monster Beverage Company, PepsiCo, Starbucks Corporation, Food Limited, The Republic of Tea, Ito En. Inc., Suntory Beverage and Food Limited and others.
For this report, Introspective Market Research have segmented the Instant Beverage Premix markets market on the basis of Region:
Regional Outlook (Revenue in USD Billion; Volume in Units, 2019-2025)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM