General Beverages Market Research Reports, Analysis & Trends
General beverages industry comprises the companies that are manufacturing, producing, selling, retailing of various types of beverages, along with researching and developing newer varieties of beverages. General beverages are any soft, carbonated, packaged mineral water, ready to drink, fruits and vegetables, dairy, sports and energy, hard or alcoholic drinks that are manufactured, packaged and sold to the consumers. The growth scale in the general beverages industry has been excellent for a long time as the revenues, M&As, expansions and innovations are the driving force combined with advanced technology that has provided largely to the growth that is witnessed.
The important factor that has been highly beneficial to the general beverages industry is the technology and assistance from the IT sector. The involvement of computers and software, have helped almost all industries in the world and the general beverages industry has been one of the major sector that utilizes technological advancements to the highest benefit and usage. The various segments in general beverage market are expected to see a massive expansion and growth in the near future as there is a considerable size of recovery from the economic crises across many demographics. The European and North American markets have been the major consumers and are big players in terms of production, revenue and expansions, but lately, the Asian and few other emerging markets such as India, Brazil, China and Russia are seeing a welcome change with the regulations and policies in their respective countries and governments, investments and returns and overall acceptance of the products have been fruitful and have given a sort of hope to newcomers.
Current Trends in General Beverages
The global general beverages industry has seen a tremendous growth in the last few decades. The prospective growth and estimations seem highly promising for established players as well as for newcomers where there is still a large market unexplored. The global recession had perturbed a lot of competitors' plans and expectations but ever since the recovery, there have been signs of future growth. For instance, the coffee market, which was affected largely by global recession, with a hit on exports and imports, there has been a complete turn over of events as the trades have improved, pricing and quality have simultaneously been a driving factor. The tea industry has seen many M&As and has fueled expansions and boost to the niche brands that are into organic cultivation. The US coffee& tea market has fared against the recession and the growth has been strong since 2011. There are more number of tea & coffee shop chains, merchandizing and franchising taking place than before.
The general beverages industry is expected to grow to the tune of US $2 trillion approximately by the end of 2015. The general beverage manufacturers are increasing production speed and output along with lowering their costs. The general beverages industry is continuing to become increasingly streamlined and efficient, favoring its expansion and environmentally friendly.
General Beverages Industry Players
Major players in the general beverages industry include, Pepsico, Lotte Chilsung Beverage Co. Ltd, The Republic Of Tea, The Coca-Cola Company, Del Monte Foods, Tropicana Products, Starbucks Coffee Co., Farmer Bros, Kraft Foods, Bacardi, Dew Drops, Himalaya, Unilever, Abbott Nutrition and AST Sports Science.