Market Size of South America Ready to Drink Beverages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Ready to Drink Beverages Market Analysis
South America Ready to Drink Beverages market is projected to register a CAGR of 4.1% during the forecast period, 2022-2027.
Increasing consumer interest in dairy-free and vegan beverages owing to the influence of expnading plant-based food culture is anticipated as the key trend in the South America RTD beverages market. Further, functional ready to drink beverages are have gained significant popualrity among young populaton in the recent past as these products are often marketed with special health claims including, organic, sugar-free, vegan, and additive-free, among others. Increaisng adoption of healthy lifestyles which are primarily linked with the active particiaption in fitness activities, regular exercise, and leisure sports are encouraging consumers to incorporate energy drinks and functional beverages into thier regular diet as these drinks offer wide range of nutritional benefits such as probiotics, antioxidants, vitamins, and minerals.
Additionally, well-developed organized reatiling allow consumers to choose form wide-ranging convenient and wholesome on-the-go beverage categories. The increased shelf visibility of products is also influencing impulse purchasers and new consumers. Customers also find it beneficial to shop from such large-scale retail stores, as they offer attractive discounts and schemes on bulk purchase of sport drinks.
