Non-Alcoholic Beverages

Format: 2017-01-21
Format: 2017-01-21
January 13, 2017 | 113 Pages | SKU: IRTNTR11522

Overview of the global RTD infant milk market

Technavio’s market research analyst predicts the global ready-to-drink (RTD) infant milk market to grow steadily at a CAGR of above 3% by 2021. One of the key factors responsible for the growth of this market is the rise in breastfeeding alternatives for specified maternal conditions, convenience, and flexibility. The RTD infant milk works as an alternative to breast milk, having all the necessary ingredients such as DHA, lutein, and vitamin E that are found in breast milk. Also, the increase in the number of working women including mothers of new-born babies, dietary instructions, medical condition, and concerns of breastfeeding in public places have also contributed to the market growth of this market. The rising urbanization and the growth of the middle-class population have significantly encouraged consumers to adopt convenience-oriented lifestyles, which, in turn, is making baby food and infant formula a desirable option among working women.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. An increasing number of parents are significantly opting for no-additives and natural ingredients infant milk formula, which in turn, is augmenting the sale of organic baby food. The growth of the RTD infant milk market in North America is mainly driven by the growth of the markets in the US and Mexico. In the US, organic baby food sales have increased due to health concerns among parents about food safety

December 26, 2016 | 66 Pages | SKU: IRTNTR11262

Overview of the global functional foods and beverages market

The global functional foods and beverages market is anticipated to grow at a steady rate and will post a CAGR of close to 8% during the forecast period. The health benefits associated with functional foods and beverages will drive the growth prospects for the global functional foods and beverages market until the end of 2021. The presence of ingredients such as minerals, vitamins, herbs, amino acids, antioxidants, and bacteria in foods and beverages have beneficial effects on the body. Some of these benefits are improved mental strength, enhanced immune system, improved heart rate, hydration and electrolyte replenishing benefits post exercise, improved digestive health, and better intestinal flora and gut function.

In terms of geography, the Americas accounted for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market’s growth in the region is the growing focus on outdoor fitness and sports activities.

Competitive landscape and key vendors

The global functional foods and beverages market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors increasingly compete against each other based on factors such as price, quality, innovation, reputation, and distribution.

Key vendors in this market are -

  • General Mills
  • Kellogg Company
  • Nestlé
  • PepsiCo

Other prominent vendors in the market include Archer Daniels Midland, Campbell Soup, Del Monte Pacific, Dr. Pepper Snapple, Fonterra, GlaxoSmithKline, JDB, Kraft Heinz, Living Essentials, Otsuka Pharmaceutical, Rockstar, Suntory

December 26, 2016 | 72 Pages | SKU: IRTNTR11257

Global outlook of the cider market

Technavio’s market research analysts predict the global cider market to grow steadily during the forecast period and post a CAGR of more than 5% by 2021. This industry research report identifies the increasing demand for premium cider products to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Due to the presence of popular brands such as Kopparberg, Woodchuck, and Angry Orchard, the recent years have witnessed an increase in the demand for premium-quality cider. Additionally, factors such as the rise in disposable income, consumption of alcohol as a status symbol, and the association of premium labels with beverage quality and taste, also increase the demand for premium brands. It has been observed that this trend exists even in the matured markets such as the US and France and the market in these countries is mainly driven by premiumization. This increase in consumer shifting from local spirits to premium spirits will drive premiumization across all product categories and will turn, boost the growth of the cider market during the forecast period.

This market research and analysis estimates that in terms of geographical regions, Europe will be the major revenue contributor to the market throughout the predicted period. Favorable conditions for growing cider apples and tax exemptions in several countries in the region are some factors that aid in the growth of the market in Europe. Additionally, the increasing demand for cider from the Eastern European countries will also fuel the growth of the market in this region.

Competitive landscape and key vendors

Characterized by the presence of numerous small and large cider manufacturers, this market appears

December 12, 2016 | 85 Pages | SKU: IRTNTR11095

Overview of the global coconut water market

Technavio’s market research analyst predicts the global coconut water market to grow at an impressive CAGR of close to 27% between 2016 and 2020.  Coconut water has become a perfect alternative to several carbonated drinks and sugar-laden drinks such as juices and nectars. It is a health drink, enriched with sodium, potassium, and electrolytes that can replenish body fluids. Coconut water also meets consumer demand for drinks that are free from artificial flavors, sweeteners, preservatives, additives, and gluten. Coconut water also helps in reducing blood pressure, which is a major reason for the increased demand for packaged coconut water over other fruit drinks. Some of the other health benefits of coconut water include weight reduction, enhanced skin texture, and improved digestion. Also, the growing popularity of coconut water in foodservice chains will contribute to the growth of the overall market during the forecast period. Many restaurants and eateries in the US and other countries are offering new health beverage products, such as coconut water, as a mainstream drink in their menus.

Geographically, the Americas dominated the global market during 2015, where the US is the largest consumer of coconut water in the region. Consumers are now shifting from high-sugar carbonated soft drinks to more natural drinks such as coconut water. New product introductions such as flavored coconut water and other innovative products will act as key growth drivers of the market in the region.

Competitive landscape and key vendors

The global coconut water market has huge potential and is likely to witness tremendous growth during the forecast period. The major market players such Coca-Cola, PepsiCo, and Red Bull have made massive investments in several regions across the globe, which will

November 25, 2016 | 64 Pages | SKU: IRTNTR10924

Overview of the global instant coffee market

Technavio’s market research analyst predicts the global instant coffee market to grow at a CAGR of almost 6% between 2016 and 2020. Changing lifestyle and consumption patterns of time-pressed consumers are increasing the demand for coffee. The convenient preparation of instant coffee and its availability in multiple flavors and formats are the most significant factors driving growth in this market. Also, the shelf life of instant coffee is longer than that of ground coffee because it is in a powder texture. Several well-known coffee brands are marketing instant coffees as specialty coffees, which has widened the scope for this market. For instance, Nestlé has come up with a Barista style instant coffee, Azera. Starbucks has also introduced many different flavors for consumers. Some manufacturers are making constant innovations in the product segment in terms of aroma, flavor, and color of instant coffee, which will inevitably attract more consumers.

In terms of geography, Europe accounts for the largest share in the global market where the UK, Turkey, Belarus, and Ukraine are the leading instant coffee-consuming countries. The region depends mainly on imports to meet the growing demand as the harsh climatic conditions restricts the cultivation of coffee. Russia is the most prominent market for instant coffee, and the easy availability of three-in-one coffee sachets are propelling more consumption among contemporary Russian consumers. With several manufacturers setting up instant coffee-based vending machines in convenience stores, offices, and high-traffic public areas, the market in Europe will witness huge growth in the coming years.

Competitive landscape and key vendors

The global instant coffee market is extremely fragmented and comprises

November 25, 2016 | 59 Pages | SKU: IRTNTR10923

Overview of the global aloe vera-based drinks market

Technavio’s market research analyst predicts the global aloe vera-based drinks market to grow at a CAGR of close to 10% between 2016 and 2020. One of the primary factors driving growth in the aloe vera-based drinks market is the health benefits associated with the consumption of aloe vera. The aloe vera juice contains several nutrients including calcium, iron, sodium, potassium, zinc, manganese, vitamin A, vitamin B, vitamin C, vitamin E, amino acids, and folic acid, which helps in fortifying the body's immune system. The increasing adoption of a healthy lifestyle by the consumers will significantly benefit the aloe vera-based drinks market. Besides helping in detoxification of the body, these drinks also lower the cholesterol and blood sugar and aid in smooth digestion hair growth. Several vendors are also launching well-planned marketing campaigns to increase awareness among consumers regarding the nutritional advantages of aloe vera-based drinks. The growing popularity of these drinks, especially among the fitness-conscious millennials, has propelled various players to enter into strategic partnerships and come up with new product variants to cater to the consumer demands.

Observing the growing trend of health consciousness among consumers, several vendors in the market are launching hybrid juices such as aloe vera combined with other juice types like mango. For instance, ALO has come up with ALO Allure product with ingredients including aloe vera, mangosteen, and mango. Similarly, Apollo Life and Patanjali Ayurveda have introduced aloe vera juice mixed with orange juice in the Indian market. Lily of the Desert is selling its aloe vera-based drinks as dietary supplements.

Competitive landscape and key vendors

The presence of