Beverages Industry Size, Share, Growth Analysis, By Type(Alcoholic Beverages, Non-Alcoholic Beverages), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels), By Nature(Organic, Conventional), By Region - Industry Forecast 2024-2031

Beverages Industry Driver

Growth will be accelerated by the use of novel beverages to aid human hydration.

• Non-alcoholic beverages serve the essential refreshment purpose as well as mood lifters, fortified drinks, and sweet indulgence delight in the busy daily schedules of customers. These goods are more well-liked by customers who lead busy lives because regular use of them helps the body keep hydrated. As a 'grab-and-go' convenience that encourages customers to purchase them from the market, convenience beverages such as canned CSD and Ready-to-drink (RTD) coffee/tea have become popular. The Food Export Association reports that over the previous four years, sales of RTD tea and coffee have increased by almost 24%. The largest beverages industry share belongs to the United States.
• The beverage industry is expected to be significantly impacted by technological advancements and emerging trends in online purchasing. due to consumers' increasing reliance on the internet and e-commerce. Internet usage is continuously rising every year, according to the global E-commerce Foundation's report. e-commerce generated almost 30% of the total worldwide sales for groceries, and this figure is projected to increase going forward. To help the market growth over the upcoming years, soft drink producers are putting a lot of effort into creating new online businesses.

Beverages Industry Restraint

Natural resource availability and price fluctuations could affect the supply chain.

• Due to this industry's heavy reliance on natural resources like electricity and water, various social and environmental externalities are produced. Indirect greenhouse gas emissions, declining water supplies, and rising pollution encourage disturbances in the supply of natural resources, which is expected to impair market production capacity. However, manufacturers have partnered with the alcoholic beverage industry to form the Beverage Industry Environmental Roundtable after seeing the opportunities and hazards linked to sustainability challenges (BIER). Leading corporations including The Coca-Cola Company, Pepsi Co., and others have formed the BIER technical coalition to advance sustainability in the beverage industry.