Ready-to-drink (RTD) Beverages Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ready-to-drink Beverages Market
The ready-to-drink beverages market size was valued at USD 732.49 billion in 2023, and the market is now projected to grow from USD 766.69 billion in 2024 to USD 1,227.81 billion by 2032, exhibiting a CAGR of 6.06% during the forecast period of 2024-2032.
The demand for carbonated soft drinks, fruit juices and non-fermented dairy beverages reduced due to labour shortages, raw material constraints and distribution shutdowns during the pandemic. The overall sales volumes of health-enhancing beverages such as fermented dairy beverages, energy drinks and functional water have however escalated due to the high demand for these products. Due to the shift towards spending more time at home, the ready-to-drink beverages market growth.
Premiumization and varied flavours are the main reasons behind the development of the beverage when it comes to alcoholic drinks. This is why nowadays people are into premium products whose features are based on simplicity and naturalness from sources such as organic farming methods leading to chances of expanding markets. Such movement adds more value to the fast-moving ready-to-drink beverages market share as there are now more advanced types such as top spirit brands infused with natural elements including pure wildflower honey which is guaranteed as one hundred per cent organic.
Driving the beverages market is a crucial thing in research and development. This is backed by consumer demand for convenience, health awareness, and a liking for functional drinks. Further requirements have been raised as a result of recent innovative products that are targeting taste combinations with other flavours hence pushing for market expansion.
Comprehensive Analysis of Ready-to-drink Beverages Market
The ready-to-drink business is expanding so rapidly due to the segmentation of the market in the more effective marketing strategy. This extended approach allows for a deep understanding of the supply and demand dynamics, whereby they have been properly divided into product types and distribution channels. The product types include, Fermented Beverages, Non-Fermented Beverages, and Alcoholic Beverages. At last, distribution channel includes, Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retail, On-Premise, and Others.
Asia Pacific leads the world market because there are many people making money and more working women in this region. This pushes the market up. People wanting to live well and grown-ups liking new drink types increase drink sales in the area.
Key major players in the industry are the main source for the promotion of current growth. They are also essential in establishing industry standards. These players include, Abbott Laboratories Inc. (U.S.), Bacardi Limited (U.S.), Danone S.A (France), Del Monte Foods, Inc. (U.S.), Diageo PLC. (U.K.), Keurig Dr. Pepper, Inc. (U.S.), Molson Coors Brewing Company (U.S.), Nestle S.A. (Switzerland), PepsiCo., Inc. (U.S.), Pernod Ricard (France), Rauch Fruchtsäfte GmbH & Co OG (Austria), Suntory Holdings Limited (Japan), The Coca-Cola Company (U.S.) and Yakult Honsha Co. Ltd. (Japan).
In January 2024 Systm Foods attempted to bring gut-healthy drinks with no sugar by associating with Humm Kombucha. The acquisition is done to ensure that Systm Foods has a secure grip on the RTD beverage sector.
Segmentation Table
GlobalReady-to-drink Beverages Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 6.06% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Product Type, Distribution Channel, and Region
By Product Type Fermented Beverages
- Dairy- based Beverages
- Others
Non-fermented Beverage
- Fruit & Vegetable Juices
- Non-Fermented Dairy Beverages
- Sports & Energy Drinks
- Functional Water
- Carbonated Soft Drinks
- Others
Alcoholic Beverages
- Malt-based
- Spirit-based
- Wine-based
By Distribution Channel Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Retail
On-premise
Others
By Region North America (By Product Type, Distribution Channel, and Country)
- U.S.
- Canada
- Mexico
Europe (By Product Type, Distribution Channel, and Country)
- Germany
- France
- Spain
- Italy
- U.K.
- Russia
- Rest of Europe
Asia Pacific (By Product Type, Distribution Channel, and Country)
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
South America (By Product Type, Distribution Channel, and Country)
- Brazil
- Argentina
- Rest of South America
Middle East & Africa (By Product Type, Distribution Channel, and Country)
- U.A.E
- South Africa
- Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 4.5. Qualitative Insights - Impact of COVID-19 Pandemic on Global Autonomous Ships Market
- 5. Global Autonomous Ships Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Autonomy
- 5.2.1. Partial Automation
- 5.2.2. Fully Autonomous
- 5.2.3. Remotely Operated
- 5.3. Market Analysis, Insights and Forecast - By Ship Type
- 5.3.1. Commercial
- 5.3.2. Defense
- 5.4. Market Analysis, Insights and Forecast - By Solution
- 5.4.1. Hardware
- 5.4.2. Software
- 5.5. Market Analysis, Insights and Forecast - By End Use
- 5.5.1. Line Fit
- 5.5.2. Retrofit
- 5.6. Market Analysis, Insights and Forecast - By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Rest of World
- 6. North America Autonomous Ships Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Autonomy
- 6.1.1. Partial Automation
- 6.1.2. Fully Autonomous
- 6.1.3. Remotely Operated
- 6.2. Market Analysis, Insights and Forecast - By Ship Type
- 6.2.1. Commercial
- 6.2.2. Defense
- 6.3. Market Analysis, Insights and Forecast - By Solution
- 6.3.1. Hardware
- 6.3.2. Software
- 6.4. Market Analysis, Insights and Forecast - By End Use
- 6.4.1. Line Fit
- 6.4.2. Retrofit
- 6.5. Market Analysis, Insights and Forecast - By Country
- 6.5.1. U.S.
- 6.5.1.1. Market Analysis, Insights and Forecast - By End Use
- 6.5.1.1.1. Line Fit
- 6.5.1.1.2. Retrofit
- 6.5.2. Canada
- 6.5.2.1. Market Analysis, Insights and Forecast - By End Use
- 6.5.2.1.1. Line Fit
- 6.5.2.1.2. Retrofit
- 7. Europe Autonomous Ships Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Autonomy
- 7.1.1. Partial Automation
- 7.1.2. Fully Autonomous
- 7.1.3. Remotely Operated
- 7.2. Market Analysis, Insights and Forecast - By Ship Type
- 7.2.1. Commercial
- 7.2.2. Defense
- 7.3. Market Analysis, Insights and Forecast - By Solution
- 7.3.1. Hardware
- 7.3.2. Software
- 7.4. Market Analysis, Insights and Forecast - By End Use
- 7.4.1. Line Fit
- 7.4.2. Retrofit
- 7.5. Market Analysis, Insights and Forecast - By Country
- 7.5.1. U.K.
- 7.5.1.1. Market Analysis, Insights and Forecast - By End Use
- 7.5.1.1.1. Line Fit
- 7.5.1.1.2. Retrofit
- 7.5.2. Germany
- 7.5.2.1. Market Analysis, Insights and Forecast - By End Use
- 7.5.2.1.1. Line Fit
- 7.5.2.1.2. Retrofit
- 7.5.3. France
- 7.5.3.1. Market Analysis, Insights and Forecast - By End Use
- 7.5.3.1.1. Line Fit
- 7.5.3.1.2. Retrofit
- 7.5.4. Russia
- 7.5.4.1. Market Analysis, Insights and Forecast - By End Use
- 7.5.4.1.1. Line Fit
- 7.5.4.1.2. Retrofit
- 7.5.5. Rest of the Europe
- 7.5.5.1. Market Analysis, Insights and Forecast - By End Use
- 7.5.5.1.1. Line Fit
- 7.5.5.1.2. Retrofit
- 8. Asia Pacific Autonomous Ships Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Autonomy
- 8.1.1. Partial Automation
- 8.1.2. Fully Autonomous
- 8.1.3. Remotely Operated
- 8.2. Market Analysis, Insights and Forecast - By Ship Type
- 8.2.1. Commercial
- 8.2.2. Defense
- 8.3. Market Analysis, Insights and Forecast - By Solution
- 8.3.1. Hardware
- 8.3.2. Software
- 8.4. Market Analysis, Insights and Forecast - By End Use
- 8.4.1. Line Fit
- 8.4.2. Retrofit
- 8.5. Market Analysis, Insights and Forecast - By Country
- 8.5.1. Japan
- 8.5.1.1. Market Analysis, Insights and Forecast - By End Use
- 8.5.1.1.1. Line Fit
- 8.5.1.1.2. Retrofit
- 8.5.2. China
- 8.5.2.1. Market Analysis, Insights and Forecast - By End Use
- 8.5.2.1.1. Line Fit
- 8.5.2.1.2. Retrofit
- 8.5.3. India
- 8.5.3.1. Market Analysis, Insights and Forecast - By End Use
- 8.5.3.1.1. Line Fit
- 8.5.3.1.2. Retrofit
- 8.5.4. Australia
- 8.5.4.1. Market Analysis, Insights and Forecast - By End Use
- 8.5.4.1.1. Line Fit
- 8.5.4.1.2. Retrofit
- 8.5.5. South Korea
- 8.5.5.1. Market Analysis, Insights and Forecast - By End Use
- 8.5.5.1.1. Line Fit
- 8.5.5.1.2. Retrofit
- 8.5.6. Rest of the APAC
- 8.5.6.1. Market Analysis, Insights and Forecast - By End Use
- 8.5.6.1.1. Line Fit
- 8.5.6.1.2. Retrofit
- 9. Rest of World Autonomous Ships Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Autonomy
- 9.1.1. Partial Automation
- 9.1.2. Fully Autonomous
- 9.1.3. Remotely Operated
- 9.2. Market Analysis, Insights and Forecast - By Ship Type
- 9.2.1. Commercial
- 9.2.2. Defense
- 9.3. Market Analysis, Insights and Forecast - By Solution
- 9.3.1. Hardware
- 9.3.2. Software
- 9.4. Market Analysis, Insights and Forecast - By End Use
- 9.4.1. Line Fit
- 9.4.2. Retrofit
- 9.5. Market Analysis, Insights and Forecast - By Country
- 9.5.1. South America
- 9.5.1.1. Market Analysis, Insights and Forecast - By End Use
- 9.5.1.1.1. Line Fit
- 9.5.1.1.2. Retrofit
- 9.5.2. Middle East & Africa
- 9.5.2.1. Market Analysis, Insights and Forecast - By End Use
- 9.5.2.1.1. Line Fit
- 9.5.2.1.2. Retrofit
- 10. Competitive Analysis
- 10.1. Global Market Rank Analysis (2023)
- 10.2. Competitive Dashboard
- 11. Company Profiles
- 11.1. ABB (Switzerland)
- 11.1.1. Overview
- 11.1.2. Products & Services
- 11.1.3. SWOT Analysis
- 11.1.4. Recent Developments
- 11.1.5. Strategies
- 11.1.6. Financials (Based on Availability)
- 11.2. ASELSAN A.Ş. (Turkey)
- 11.2.1. Overview
- 11.2.2. Products & Services
- 11.2.3. SWOT Analysis
- 11.2.4. Recent Developments
- 11.2.5. Strategies
- 11.2.6. Financials (Based on Availability)
- 11.3. BAE Systems (U.K.)
- 11.3.1. Overview
- 11.3.2. Products & Services
- 11.3.3. SWOT Analysis
- 11.3.4. Recent Developments
- 11.3.5. Strategies
- 11.3.6. Financials (Based on Availability)
- 11.4. Fugro (Netherlands)
- 11.4.1. Overview
- 11.4.2. Products & Services
- 11.4.3. SWOT Analysis
- 11.4.4. Recent Developments
- 11.4.5. Strategies
- 11.4.6. Financials (Based on Availability)
- 11.5. GE (U.S.)
- 11.5.1. Overview
- 11.5.2. Products & Services
- 11.5.3. SWOT Analysis
- 11.5.4. Recent Developments
- 11.5.5. Strategies
- 11.5.6. Financials (Based on Availability)
- 11.6. Honeywell International Inc. (U.S.)
- 11.6.1. Overview
- 11.6.2. Products & Services
- 11.6.3. SWOT Analysis
- 11.6.4. Recent Developments
- 11.6.5. Strategies
- 11.6.6. Financials (Based on Availability)
- 11.7. Kongsberg Gruppen Maritime (Norway)
- 11.7.1. Overview
- 11.7.2. Products & Services
- 11.7.3. SWOT Analysis
- 11.7.4. Recent Developments
- 11.7.5. Strategies
- 11.7.6. Financials (Based on Availability)
- 11.8. L3 ASV (U.S.)
- 11.8.1. Overview
- 11.8.2. Products & Services
- 11.8.3. SWOT Analysis
- 11.8.4. Recent Developments
- 11.8.5. Strategies
- 11.8.6. Financials (Based on Availability)
- 11.9. Northrop Grumman (U.S.)
- 11.9.1. Overview
- 11.9.2. Products & Services
- 11.9.3. SWOT Analysis
- 11.9.4. Recent Developments
- 11.9.5. Strategies
- 11.9.6. Financials (Based on Availability)
- 11.10. Rolls Royce plc (U.K.)
- 11.10.1. Overview
- 11.10.2. Products & Services
- 11.10.3. SWOT Analysis
- 11.10.4. Recent Developments
- 11.10.5. Strategies
- 11.10.6. Financials (Based on Availability)
- 11.11. Siemens Energy (Germany)
- 11.11.1. Overview
- 11.11.2. Products & Services
- 11.11.3. SWOT Analysis
- 11.11.4. Recent Developments
- 11.11.5. Strategies
- 11.11.6. Financials (Based on Availability)
- 11.12. Wärtsilä (Finland)
- 11.12.1. Overview
- 11.12.2. Products & Services
- 11.12.3. SWOT Analysis
- 11.12.4. Recent Developments
- 11.12.5. Strategies
- 11.12.6. Financials (Based on Availability)
- 11.13. Marine Technologies LLC (U.S.)
- 11.13.1. Overview
- 11.13.2. Products & Services
- 11.13.3. SWOT Analysis
- 11.13.4. Recent Developments
- 11.13.5. Strategies
- 11.13.6. Financials (Based on Availability)
- 11.14. Ulstein Group ASA (Norway)
- 11.14.1. Overview
- 11.14.2. Products & Services
- 11.14.3. SWOT Analysis
- 11.14.4. Recent Developments
- 11.14.5. Strategies
- 11.14.6. Financials (Based on Availability)
- 11.15. Mitsui (Japan)
- 11.15.1. Overview
- 11.15.2. Products & Services
- 11.15.3. SWOT Analysis
- 11.15.4. Recent Developments
- 11.15.5. Strategies
- 11.15.6. Financials (Based on Availability)
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