Organic Drinks Market Overview:
A recent market research analyst predicts that between 2023 and 2032, the Organic Drinks Market size will grow at an impressive 13.00 percentage CAGR, having a total market value of USD 50.76 billion in 2032. The numerous health benefits associated with organic beverages are increasing demand for them among consumers all over the globe. For example, coffee and tea drinkers are increasingly popular are natural and organic coffee and tea. In addition, consumers are more inclined to purchase organically marked things than traditionally labeled ones, even when shopping for fruit and veggies juices and smoothies.
In order to fulfill customer demand, most regional and global beverage producers are now selling organic beverages as part of their product lineups. These are the primary factors that are boosting the global worth of the natural drinks industry. Additionally, the organic drinks industry is benefiting from numerous advertising and marketing campaigns, which are helping to create brand recognition and increase revenue. Finally, packaging choices, including bottles, cans, and pouches, developed by the beverage business to make organic beverages easier to transport, are helping to grow the organic drinks industry.
When it comes to businesses, there's been a growth in the number of them going back to work and adapting to the new normal as they recover from COVID-19, which had earlier resulted in strict countermeasures, such as the cessation of commercial activity and social segregation.
Market Segmentations:
The market is categorized by product category, packaging type, distribution method, and geographic location. The worldwide organic drinks market is predicted to develop at a healthy rate over the next several years.
Many containers on the market have been categorized as distinct packaging options for consumers to choose from. In addition, store-based and non-store-based distribution methods have been classified based on the distribution technique utilized in the global market. The store-based segment grouping includes businesses such as grocery stores, convenience stores, and hypermarkets.
Increased organic restaurant and cafe numbers are predicted to drive offline sales to account for more than half of all organic food sales in 2023 and 2032, respectively. In addition, cafes and eateries all around the world provide organic drinks.
Regional Classifications:
According to the studies, North America, Europe, Asia-Pacific, and the rest of the world have been thoroughly reviewed. Given the trend in consumer preference for organic and cleaner label goods, North America continues to be the leading market for organic drinks. American consumers are now more likely to purchase organic goods and drink them regularly than previously thought. In addition, customers are becoming more concerned about the agricultural process and approvals such as USDA, encouraging them to choose fresh produce and vegetable juices instead of regular ones, according to a new report. The organic drink market is expected to expand throughout the forecast timeframe as more private-label beverage makers join the category.
Key Players:
The Key Organic Drinks Market Players, Hain Celestial (U.S.), Suja Life LLC (U.S.), the Coca-Cola Company (U.S.), Danone S.A. (France), Purity Organic LLC (U.S.), the Better Drinks Co. (New Zealand), Parker's Organic Juices Pty Ltd (Australia), Bison Organic Beer (U.S.), James White Drinks Ltd. (U.K.), PepsiCo Inc. (U.S.), Nutrition & Sante Iberia S.L. (Spain), Republica Coffee (Australia), The WhiteWave Foods Company (U.S.), Alnatura Produktions & Handels GmbH (Germany), Parkers Organic Juices PTY LTD (Australia), and others, are attempting to increase market demand by investing in research and development operations.
Industry News:
Danone acquired WhiteWave in April 2017 in diversifying its product offers in the dairy market, the company said. Furthermore, the acquisition would increase the company's product offering, including names like Horizon Organic milk.
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