Category: Beverages
Beverages market research reports by Euromonitor International
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Bottled Water in China
Bottled Water in China Bottled water in China has experienced significant growth in recent years, and this is set to continue in 2024, driven by rising consumer spending power and increased health consciousness. The overall off-trade volume growth rate of bottled water is set to be in the mid to hig ... Read More
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Carbonates in China
Carbonates in China In 2024, carbonates in China is set to experience a further slowdown in off-trade volume growth, driven by the shifting consumer preference towards healthier and functional beverages, such as reduced sugar still RTD tea. Despite the projected low single-digit growth rate for carb ... Read More
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RTD Coffee in China
RTD Coffee in China Despite a resurgence in sales in 2023 following the reopening of offline retailers, RTD coffee is projected to experience single-digit declines in off-trade volume and current value sales in 2024. Demand for RTD coffee has weakened as consumers shift towards healthier options or ... Read More
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RTD Tea in China
RTD Tea in China As consumers in China are increasingly pursuing healthier lifestyles, the demand for sugar-free and reduced sugar RTD tea has been rising, making these products key growth drivers in the overall category. In 2024, the off-trade volume and current value growth rates of reduced sugar ... Read More
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Soft Drinks in China
Soft Drinks in China In 2024, both off-trade volume and current value growth of soft drinks in China are set to maintain mid single-digit increases. Health remains a crucial factor influencing the consumption behaviour of Chinese consumers, especially in soft drinks. A key driver behind the growth i ... Read More
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Packaging Industry in Saudi Arabia
Packaging Industry in Saudi Arabia A few major trends are currently shaping packaging in Saudi Arabia, mainly focused on sustainability and environmentally-friendly practices. There is a significant shift towards sustainable packaging materials, including biodegradable and compostable options. This ... Read More
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Energy Drinks in China
Energy Drinks in China In 2024, energy drinks in China is expected to maintain double-digit growth in both off-trade volume and current value terms, driven by increasingly diverse usage scenarios and targeted marketing efforts. No longer limited to truck drivers and construction workers, the consump ... Read More
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Concentrates in China
Concentrates in China Off-trade RTD volume and current value sales of concentrates are expected to continue their strong declining trend in China in 2024, reflecting weak consumer demand for such products. Coffee liquid concentrates, which account for over 60% of off-trade volumes of liquid concentr ... Read More
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Soft Drinks in Bangladesh
Soft Drinks in Bangladesh Economic pressures, high inflation and political unrest continues to be seen in Bangladesh which is creating instability with imports becoming challenging. As a result, new product development has been limited in soft drinks. Prices stabilised in 2024 despite elevated infla ... Read More
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Sports Drinks in China
Sports Drinks in China Continuing the trend seen from 2021, sports drinks in China is set to maintain significant off-trade volume and current value growth in 2024, although with slower growth rates. As various outdoor sports are gaining popularity in China, consumer awareness of and demand for spor ... Read More
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Asian Speciality Drinks in China
Asian Speciality Drinks in China In 2024, due to the notable health benefits of fruit vinegar, such as aiding digestion and lowering cholesterol, which align with the preference of modern consumers for healthy beverages, volume and current value sales of Asian specialty drinks in China, including fr ... Read More
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Fine Wines/Champagne and Spirits in the US
Fine Wines/Champagne and Spirits in the US While much fuss is made about declining consumption of alcoholic drinks in the US, 2024 is set to see both fine wines and luxury spirits grow in retail volume and current value terms. Growth for sparkling wines of all kinds, from champagne to prosecco to ca ... Read More
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Fine Wines/Champagne and Spirits in Australia
Fine Wines/Champagne and Spirits in Australia Fine wines/champagne and spirits in Australia is registering low but positive retail value growth in 2024, while volumes remain flat, continuing the general trend of “less but better” across alcoholic drinks. This benefits the sale of premium and luxury ... Read More
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World Market for Dairy Products and Alternatives
World Market for Dairy Products and Alternatives As global inflation and GDP growth rates decline, the dairy products and alternatives industry expects low value growth in 2024, although the forecast period looks more promising. In this context, private label is expanding as consumers prioritise aff ... Read More
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Fine Wines/Champagne and Spirits in Sweden
Fine Wines/Champagne and Spirits in Sweden Fine wines/champagne and spirits is seeing relatively small growth in Sweden in 2024, which is mainly attributed to the fact that the majority of luxury alcoholic drinks are consumed at luxury foodservice establishments and hotels, rather than being purchas ... Read More
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Fine Wines/Champagne and Spirits in South Africa
Fine Wines/Champagne and Spirits in South Africa Fine wines/champagne and spirits has continued to record double-digit growth in current value terms in South Africa in 2024. This strong growth has been largely driven by the increase in unit prices which was a result of elevated inflation and rising ... Read More
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Fine Wines/Champagne and Spirits in Poland
Fine Wines/Champagne and Spirits in Poland Fine champagne has been the most dynamic category within fine wines/champagne and spirits in current value terms in 2024, with sales benefiting from the return of weddings and other important celebrations in the wake of the pandemic. However, this dynamism ... Read More
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Sports Nutrition in Indonesia
Sports Nutrition in Indonesia Sports nutrition has gained significant traction in Indonesia since the COVID-19 pandemic, driven by a growing interest in exercise and healthy lifestyles. This shift is particularly evident in the rapid expansion of gym chains like FIT HUB, which has grown significantl ... Read More
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Other Dairy in Brazil
Other Dairy in Brazil The low availability of raw milk and difficulties in the supply chain of dairy products, especially in the wake of El Niño, has led to high and rising prices across other dairy. Companies have developed alternatives to bypass final prices hikes by launching mixed dairy products ... Read More
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Drinking Milk Products in Brazil
Drinking Milk Products in Brazil In the first quarter of 2024, Rio Grande do Sul, the southernmost state of Brazil, saw one of the biggest natural disasters in the history of the country. The state experienced heavy rain and flooding, leaving most municipalities underwater, and many thousands of hou ... Read More
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Plant-Based Dairy in Brazil
Plant-Based Dairy in Brazil Less mature plant-based dairy categories in Brazil, such as other plant-based milk, and plant-based cheese, have experienced rapid growth in recent years, driven by a confluence of factors. Increasing consumer awareness of the environmental, health, and ethical benefits o ... Read More
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Yoghurt and Sour Milk Products in Brazil
Yoghurt and Sour Milk Products in Brazil Alongside the challenges faced by the dairy industry in terms of milk supply difficulties, and thus higher costs, the differing production processes for yoghurt have increased costs for products that are often considered non-essential, and targeted towards ni ... Read More
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Where Consumers Shop for Hot Drinks
Where Consumers Shop for Hot Drinks The global hot drinks market is set for growth by 2028, with coffee leading at 52% of value growth, while tea grows fastest due to Asian markets and premiumisation. Coffee will drive 51% of volume growth, mainly in Latin America, the Middle East, and Africa. E-com ... Read More
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Luxury Goods in China
Luxury Goods in China Retail value sales of luxury goods in China are rising by 4% in 2024 in current terms, to stand at CNY3.26 trillion. Growth in sales is fuelled by consumers’ increased desire to live in the moment and enjoy life, as well as rising interest in purchasing luxury goods as investme ... Read More
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Fine Wines/Champagne and Spirits in China
Fine Wines/Champagne and Spirits in China Current value sales of fine wines/champagne and spirits are rising by 3% to total CNY853.3 billion in China in 2024, boosted by consumers’ renewed and growing appetite for luxurious experiences and enjoyment. Socialising over a drink with friends remains a p ... Read More
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