The Europe Instant Beverage Premix Market would witness market growth of 6.0% CAGR during the forecast period (2021-2027).
One of the key trends of the Instant Beverages Premix Market is the growing popularity of ready-to-drink beverages. Due to the short preparation time and ease for consumers, instant beverage premix is most popular among the young and working population. In addition, Instant beverage premix allows users to make beverages in less time at work or at home. Moreover, while traveling, millennials enjoy a homey cup of tea or coffee, which would create higher demand for such beverages. Further, the instant beverage premix market is predicted to develop due to rising demand for flavored instant beverage premix in cafés, restaurants, and airports.
Consumer awareness of the health advantages of instant beverage premix is likely to grow, providing opportunities for both established and new industry players. In addition, existing industry players are putting high investments in research and development to create new premixes with new flavors. The instant beverage premix market is likely to be driven by premixes made from organic sources. Moreover, consumer awareness of preservatives is growing, which provides an opportunity for manufacturers to provide preservative-free premix to the market.
Europe is home to advanced countries like the UK, Germany, and others. In Germany, the demand for such beverages benefits from the country's robust economy and health-conscious population. The demand for beverage premix is increasing as the population ages, in order to prevent or treat health problems. Moreover, consumers of the country desire high-quality items, such as organic and health-and-wellness foods. The convenience food sector is benefiting from an increase in single-family households and a growing mobile population, which is changing the food and beverage consumption pattern. The regional market is witnessing a rapid increase in the consumption of instant tea and coffee. Further, Russia is one of the largest tea markets in the world, with a majority of Russians drinking tea.
The Germany market dominated the Europe Instant Beverage Premix Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7,208.4 million by 2027. The UK market is poised to grow at a CAGR of 5.1% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 6.8% during (2021 - 2027).
Based on Functionality, the market is segmented into Plain and Flavored. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores and Online. Based on Product Type, the market is segmented into Instant Coffee, Instant Tea, Instant Milk, Instant Health Drinks, Soups and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Instant Beverage Premix Market Size will Hit $109.9 Billion by 2027, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ito En, Ltd., Inspire Brands, Inc., The Coca Cola Company, Monster Beverage Corporation, Suntory Beverage & Food Limited, PepsiCo, Inc., Keurig Dr Pepper, Inc., Starbucks Coffee Company, The Republic of Tea, and Ajinomoto Co., Inc. (Ajinomoto General Foods, Inc.)
By Functionality
By Distribution Channel
By Product Type
By Country
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