Market Size of Ready To Drink Beverages Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 361.01 Billion |
| Market Size (2029) | USD 456.60 Billion |
| CAGR (2024 - 2029) | 4.81 % |
| Fastest Growing Market | South America |
| Largest Market | Asia |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ready to Drink Beverages Market Analysis
The Ready To Drink Beverages Market size is estimated at USD 361.01 billion in 2024, and is expected to reach USD 456.60 billion by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).
- Due to rising health and wellness trends, consumers, especially fitness enthusiasts, gravitate toward ready to drink beverages with functional benefits. Functional ready to drink beverages are a good source of antioxidants, protein, and probiotics with no to low sugar. Moreover, dairy-free and vegan drinks are increasingly gaining traction among lactose-intolerant people as healthy on-the-go beverages.
- Ready to drink tea will likely be the next functional crowd-pleaser as its various types, like iced tea, herbal tea, black tea, and many more, are introduced to serve the vast consumer base worldwide.
- Moreover, manufacturers are innovating low-calorie products or adding zero-calorie sweeteners like stevia. They are also incorporating herbs and ayurvedic ingredients in the products to increase their functionality. This, along with the increasing diabetic population worldwide, is anticipated to drive the demand for these drinks as an alternative to carbonated beverages.
