The Europe Soft Drink Concentrates Market was at US$ xx million in 2022, and it is predicted to reach a valuation of US$ xx million by 2028 with an annual development rate of xx% between 2023 and 2028.
Soft Drink Concentrates belong to the beverage category and are composed of distilled or flavored substances, carbonated water, and sweeteners. The sweeteners used in these soft drinks can be artificial or natural. 80% of soft drinks contain water, so you need additional space in your warehouse and incur additional shipping costs. To minimize these problems, the ingredients are processed to form a concentrated form. The sweetener used can be high fructose corn syrup, sweeteners, sugar, or other sweetening substances. Soft drinks can contain caffeine, colorants, preservatives and other additives depending on the type that the manufacturing industry intends to produce. Concentrates are prepared by removing most of the base content, which help reduce transportation costs by reducing the volume and weight of soft drinks.
Changes in consumer preferences for food quality and nutritional value have stimulated Europe Soft Drink Concentrates market growth.
The increase in the variety of concentrated soft drink products around the region has caused the Europe Soft Drink Concentrates market to grow. The food and beverage market has grown due to population growth, which is the main reason for the growth of the European market. Manufacturers are looking for ways to market their products in an attractive way to grab the attention of consumers and improve sales. Manufacturers are also now taking the initiative to produce quality products that can be safely consumed. The soft drink concentrates market is developing significantly in the food and beverage sector due to its advantages in the transportation process. The Europe Soft Drink Concentrates market is growing at a faster rate as the trend of consumption of processed foods and beverages increases. Market applications for soft drink concentrates include carbonated soft drinks and non-carbonated soft drinks. Carbonated soft drink concentrate is subdivided into flavors such as cola and non-cola. The growing demand for specialty beverages or premium soft drinks that are manufactured with low calories, low sugar content and contain natural sweeteners is a key factor driving the growth of the Europe Soft Drink Concentrates market. High demand for bottled water and increased consumer health awareness are paving the way for the market to grow. Consumers now prefer beverages made with natural ingredients and have zero or few calories. This factor opens up new growth opportunities for manufacturers to produce calorie-free soft drinks.
Non-carbonated concentrates have a fruity taste or add fruit concentrates. Varieties include grapes, pineapples, apples, berries or mixed berries, mangoes, citrus fruits, and more. Consumers are becoming more health conscious and the demand for healthy, natural foods is fueling the market for non-carbonated soft drink concentrates. The growing world population is supposed to have a strong impact on the food supply around the region. The growing variety of soft drink concentrates has fueled the acceleration of market growth. The soft drink market is driven by consumer demand for processed foods regardless of the taste or nutritional value of the product. Additionally, growing consumer awareness of the health benefits associated with soft drinks and concentrates has driven further market growth., which will continue throughout the outlook period. Furthermore, the changing lifestyle of the consumer coupled with the increasing need in the food and beverage sector has augmented the demand in the Europe Soft Drink Concentrates market. The increase in the number of consumers has had a significant impact on the growth of the Europe Soft Drink Concentrates market.
Since soft drink concentrates contain caffeine, growing consumer awareness of the negative effects of caffeinated products is supposed to hamper Europe Soft Drink Concentrates market growth. Consumers may need to switch to coke-free concentrate consumption, which will drive growth in the Europe soft drink concentrate market.
The Europe Soft Drink Concentrates market by type of end use includes Food Service, Mass Merchandise, and Fountain Machine. Among them, the fountain machines are the fastest growing sector in 2019 and will grow in the 2023-2028 forecast period due to shorter beverage preparation times and ease of operation.
Based on the application, Europe Soft Drink Concentrates Market is mainly bifurcated as carbonated and non-carbonated. Among the carbonated beverage concentrates segment, in 2019, cola concentrates accounted for the largest share compared to products other than cola.
The emergence of the coronavirus pandemic will have a positive impact on the demand for Soft Drink Concentrates. Consumers are provided with essential products and other food and beverages due to strict blockades around the region. Additionally, the growing emphasis on staying home and maintaining social distancing is encouraging consumers to shop for their favorite junk food and drink options to avoid going to the supermarket every day.
Geographically the Europe Soft Drink Concentrates Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Europe is the market leader in soft drink concentrates. The growing interest of the population in soft drinks and the greater availability of a variety of products are factors that contribute to the growth of the market in these regional countries. In Europe, Germany dominated the market with the largest share in terms of revenue. The growing awareness of health-related issues and the adoption of products based on natural and organic ingredients to reduce obesity will further drive the local market. The manufacturers are targeting a small packaging strategy for soft drinks, which will create new growth opportunities for the market in this locale.
Key Players in the Market:
Major key Players in the Europe Soft Drink Concentrates Market are
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