Nitro-infused Beverages Market Size, Share & Trends Analysis Report By Product (Nitro Coffee, Nitro Tea, Nitro Soft Drinks), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030

Nitro-infused Beverages Market Size, Share & Trends Analysis Report By Product (Nitro Coffee, Nitro Tea, Nitro Soft Drinks), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030

Nitro-infused Beverages Market Growth & Trends

The global nitro-infused beverages market size is expected to reach USD 394.8 million by 2030, expanding at a CAGR of 20.6%

from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing consumption of ready-to-drink beverages

across the globe is fueling market growth. Moreover, significant changes in the beverage consumption patterns of consumers

across the globe aided the industry's growth over the last few years. Furthermore, the growing ready-to-drink culture

worldwide is the key sales promoter of infused beverages such as nitro coffee, nitro tea, nitro soft drinks, and other

products. Additionally, young working professionals and millennials are preferring the taste and texture of these drinks,

which is anticipated to accelerate the market growth over the forecast period.

Moreover, a lockdown situation was observed during the COVID-19 outbreak, and it positively impacted the industry growth due

to the increased demand for ready-to-drink products in several nations. In addition to this, the rising spending on cold

beverages after the ease of several restrictions is projected to propel the industry growth over the forecast period.

Additionally, the increase in online sales of beverage products during the pandemic led to market expansion around the globe.

The nitro soft drinks segment is expected to register the highest CAGR over the forecast period. The increasing adoption of

premium soft drinks from the food service restaurant and millennials has significantly propelled the growth of this segment.

Furthermore, the rising investment in nitro-infused soft drinks by various manufacturers due to the rising demand for new

flavored drinks is accelerating the segment growth. Additionally, the growing non-alcoholic beverage consuming population

around the world is projected to accelerate the market growth over the forecast period.

The online segment is expected to witness considerable growth during the forecast years. The rising attention of food and

beverage businesses on implementing e-commerce technology to improve product sales is contributing to the industry growth. By

utilizing the online sales platform, the nitro-infused beverage providers have chosen door-step delivery with minimal time.

Furthermore, the expanding global consumer attraction toward an online platform for food and beverages shopping is leading to

industry expansion over the forecast period.

North America accounted for a substantial revenue share in 2021. The growing penetration of numerous supermarkets and

hypermarkets, convenience stores, and online stores for buying ready-to-drink beverages is propelling the industry growth in

this region. Moreover, the rising investment in new premium product launches is anticipated to drive regional market growth.

Furthermore, the expanding promotion of intro coffee and other products via social media raised the demand for nitro-infused

beverages in the region. The key market players face intense competition from each other as some of them operate at several

locations and have a large customer base

Nitro-infused Beverages Market Report Highlights

• North America held the largest revenue share of over 40.0% in 2021 owing to the growing consumption of ready-to-drink

beverages

• The nitro soft drinks product segment is expected to register the fastest CAGR of 23.4% from 2022 to 2030 due to the

rising popularity of cold brew

• The supermarkets/hypermarkets distribution channel segment held the largest revenue share of over 45.0% in 2021 due

to the increasing penetration of supermarkets and hypermarkets

• Asia Pacific is expected to register the fastest CAGR of 22.2% from 2022 to 2030 owing to growing spending on ready-to-drink beverages

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