Ready to Drink Beverages Market Research Report Information By Product type [Fermented Beverages (Dairy-based Beverages, and Others), Non-fermented Beverages (Fruit & Vegetable Juices, Non-Fermented Dairy Beverages, Sports & Energy Drinks, Functional Water, Carbonated Soft Drinks, and Others), and Alcoholic Beverages (Malt-based, Spirit-based, and Wine-based)], By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retail, On-premise, and Others) And By Region (North America, Europe, Asia-Pacific, A

Global Ready to Drink Beverages Market Overview

Ready to Drink Beverages Market Size was valued at USD 756 Billion in 2022. The Ready to Drink Beverages market industry is projected to grow from USD 812 Billion in 2023 to USD 1395.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2023 - 2032). Emphasis on enhancing gut health and utilizing functional drinks are the key market drivers boosting the expansion of the market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ready to Drink Beverages Market Trends

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  Elevation and variety of tastes is driving the market growth

  
  

Market CAGR for Ready to Drink Beverages is being driven by the Elevation and Variety of Tastes. Beverages marked as "ready to drink" (RTD) are packaged and marketed in an already-made state. Unlike typical beverage mixes, powders, or brew-it-yourself tea or coffee items, ready-to-drink beverages are consumable right out of the package. RTD drinks consist of coffee, fruit or vegetable smoothies, energy drinks, yoghurt drinks, canned or bottled ice tea, and alcopops (ready-made alcohol cocktails).

Additionally, customers are gravitating toward high-end goods with straightforward, high-quality components that come from natural and organic sources. It gives businesses a lot of opportunities to place their goods on store shelves throughout the world. This element fuels the expansion of the ready-to-drink beverage industry worldwide. As a result, more and more natural ingredient-based goods are being introduced onto the market. Because RTD beverages are readily available in multiple flavors and are easy to use, they are more widely accepted than other canned or bottled beverages. But they have a lot of added sugar, which might cause a lot of issues related to health. As a result, several governments charge exorbitant taxes on food and drink items that include sugar or artificial sweeteners.

Over the past few years, consumers have become more and more insatiable with beverage goods that enhance their intestinal health. As a result, the market is giving great attention to prebiotics, postbiotics, and other products that support gut immunity. It provides enough room for producers to conduct research and build innovative products. Businesses have also begun to create innovative goods with herbs and botanicals. It serves as an extra catalyst for the world market. Product demand growth will also be impacted by innovative product introductions that cater to people with hybrid tastes.

For instance, the International Diabetes Federation estimates that 140.87 million individuals in China had diabetes in 2021. As lifestyle disorders become more common, people choose ready-to-drink beverages that are naturally sweetened or sugar-free. Thus, result in driving the Ready to Drink Beverages market revenue.

Ready to Drink Beverages Market Segment Insights

Ready to Drink Beverages Product type Insights

The Ready to Drink Beverages market segmentation, based on Product type includes Fermented Beverages (Dairy-based Beverages, and Others), Non-fermented Beverages (Fruit & Vegetable Juices, Non-Fermented Dairy Beverages, Sports & Energy Drinks, Functional Water, Carbonated Soft Drinks, and Others), and Alcoholic Beverages (Malt-based, Spirit-based, and Wine-based). The non-fermented beverages segment dominated the market, because of the many options and readily available items, including fruit juices, energy drinks, and carbonated soft drinks, which are the driving forces behind the expansion of this market.

Figure1: Ready to Drink Beverages Market, by Product Type, 2022&2032(USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ready to Drink Beverages Distribution channel Insights

The Ready to Drink Beverages market segmentation, based on distribution channel, includes Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retail, On-premise, and Others. The supermarkets/hypermarkets category generated the most income. Owing to the growing consumer preference for supermarkets and hypermarkets combined with the availability of a greater selection of goods from several brands, which will influence the segment's sales contribution.

Ready to Drink Beverages Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Ready to Drink Beverages market area will dominate this market, due to the increased acceptability of items by consumers. People are becoming more aware about their immunity and general health in the wake of COVID-19. As a result, they favor gut-healthy and fortified beverages like kombucha, energy drinks, and functional water.

Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure2: READY TO DRINK BEVERAGES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Ready to Drink Beverages market has the second-largest portion of the market because plant-based diets and environmental sustainability are concerns. Further, the German Ready to Drink Beverages market had the biggest market share, and the UK Ready to Drink Beverages market was the European market with the quickest rate of growth.

The Asia-Pacific Ready to Drink Beverages Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is due to rising customer income levels and the amount of working women in Asian nations. Moreover, China’s Ready to Drink Beverages market had the biggest market share, and the Indian Ready to Drink Beverages market was the Asia-Pacific region's fastest-growing market.

Ready to Drink Beverages Key Market Players& Competitive Insights

Leading market players are putting a lot of money on R&D to increase the scope of their product offerings, which will help the ready-to-drink beverage market, grow. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Ready to Drink Beverages industry must provide reasonably priced goods.

Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs  in the Ready to Drink Beverages industry to help customers and expand the market segment. In recent years, the Ready to Drink Beverages industry has provided some of the biggest benefits to medicine. Major players in the Ready to Drink Beverages market, including 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.), and others, are engaging in research and development activities in an effort to boost market demand.

Abbott Laboratories Inc. is a multinational healthcare organization that offers services and solutions that transform people's lives and enable them to live longer, healthier lives. The business has carefully considered the future directions of technology, medicine, and their respective marketplaces as well as the needs and desires of their clientele and society. Abbott reported $43.1 billion in sales in 2021, a 22.9% rise in organic sales from 2020. Abbott acquired Cephea Valve Technologies, Inc. in January 2019. The company is creating a less invasive heart valve replacement procedure for patients suffering from mitral valve disease.

Danone S.A., a multinational food products organization based in France: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition, and Medical Nutrition. With reinvestments in capabilities, superior products, and advertising and promotion, Danone's recurring operating margin in 2022 was 12.2%. Danone became the first publicly traded firm to implement the 2019 French law's "Entreprise à Mission" model in May 2020. In order to monitor the advancement of its environmental, social, and societal goals, this will implement a new governance structure and incorporate the legal "entreprise à mission" framework into its articles of association, which includes a purpose.

Key Companies in the Ready to Drink Beverages market 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)


• , Inc. (U.S.)


• Pernod Ricard (France)


• Rauch Fruchtsafte GmbH & Co OG (Austria)


• Suntory Holdings Limited (Japan)


• The Coca-Cola Company (U.S.)


• Yakult Honsha Co. Ltd. (Japan)

Ready to Drink Beverages Industry Developments

May 2020: Diageo declared that it had been the first business to obtain a syndicated loan tied to sustainability, meaning that the loan was contingent on the company meeting its environmental, social, and governance (ESG) goals.

May 2021: Diageo declared that it has purchased Far West Spirits LLC, the company behind the Lone River Ranch Water hard seltzer brand, which makes use of natural flavors and spirits derived from agave.

January 2019: Cephea Valve Technologies, Inc., which is creating a less invasive replacement heart valve for patients with mitral valve disease, was acquired by Diageo.

Ready to Drink Beverages Market Segmentation

Ready to Drink Beverages Product Type Outlook

• Fermented Beverages


• Dairy-based Beverages


• Others


• Non-fermented Beverages


• Fruit & Vegetable Juices


• Non-Fermented Dairy Beverages


• Sports & Energy Drinks


• Functional Water


• Carbonated Soft Drinks


• Others


• Alcoholic Beverages


• Malt-based


• Spirit-based


• Wine-based

Ready to Drink Beverages Distribution Channel Outlook

• Supermarkets/Hypermarkets


• Specialty Stores


• Convenience Stores


• Online Retail


• On-premise


• Others

Ready to Drink Beverages Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America