The latest beverage industry statistics reveal that the international tea market is worth $55.1 billion. Lets delve into this extraordinary world of the beverage industry.

A 2019 survey showed that more than half of US consumers prefer medium roast coffee. Thanks to rapid urbanization and increased disposable income in countries worldwide, the demand for beverages is growing steadily. Bubble tea is an innovative beverage made by adding tapioca pearls to frothy tea drinks to diversify the taste and provide texture. In that year, Asia Pacific dominated the industry, accounting for 46% of the global market. In 2019, the beverage industry sales from flavored water amounted to about $5.64 billion. The market is expected to recover, however, and grow at a CAGR of 7% between 2021 and 2023. Read about these companies and their laudable achievements in the following paragraphs. The beverage industry competition in the US is fierce.

People aged 70+ consume on average 2.18 cups of coffee a day, whereas coffee consumers aged 60-69 drink 2.08 cups. People consume 465 billion liters of bottled water per year. Current trends in the beverage industry show that the Asia Pacific dominates the sector, accounting for 42% of the global market, while North America contributes the second-largest share, at 22%. As the latest beverage industry statistics indicate, most sectors are established in the market, but there are still opportunities for the growth of new brands to succeed and appeal to modern consumer preferences, drive innovation, and navigate the COVID-19-related changes. The non-alcoholic beverage industry statistics indicate that Brazil is responsible for 36% of global coffee production. Brazil accounts for 36% of the worlds coffee production, and according to the United States Department of Agriculture, Brazil produced 61.63 million 60-kilogram coffee bags, of which about 70% is Arabica in 2020.

Your email address will not be published. Beverage Industry statistics reveal the market is expected to register a CAGR of 3.1% between 20192024. beverage manufacturing tanzania sector erratic power plant industries industry hurts processing facility factory impacts fsma manufacturers equipment workforce evolving operations This is one of the most compelling US beverage industry facts of 2020.

As a health enthusiast, she loves to research and write about various topics in this niche that feed her knowledge and enlighten others. Beer is the most popular alcoholic drink and represents the largest segment in the industry, attributing to almost half of the revenue each year. About 18% of all beers sold were imported from over 100 different countries. The US beverage industry statistics revealed that the US beer industry sold about 203.1 million beer barrels in 2019. [2021], 35 Cannabis Statistics for 2021: All About Its Usage and Effects, Non-Alcoholic Beverage Industry Statistics, Alcoholic Beverage Industry Statistics and Facts, Save 30% Off Bestsellers + Free Shipping Over $49. This section presents beverage industry statistics of 2021 and the recent past, so sit back and discover all the essential details about the beverage industry. The increased awareness of the importance of fueling our body with essential vitamins and good bacteria for a healthy gut has driven rapid growth in probiotic beverages. The beverage industry statistics from 2019 show that Mexico led the world with the highest soft drink consumption. According to the latest beverage industry statistics, the non-alcoholic market value is $724 billion and is projected to peak at $1.2 trillion by 2027. However, it simultaneously increased demand for beverages in the retail sector, as people tended to stockpile beverages during the lockdown period.

According to the global beverage market forecast from Business Wire, the industry is growing at a decent rate.

Globally, still wine production by volume is set to increase by 7% by 2025. , the previous slower growth rate can be attributed to the devastating effects of the COVID-19 pandemic. Poised to be one of the hottest alcoholic beverage industry trends, the canned cocktail-to-go development growth has accelerated to 171% after the pandemics outbreak, and it wont slow down. The US followed closely, and Brazil was third. The market is projected to be worth $86.01 billion by the end of 2026. . A 2019 survey also showed that 69.5% of respondents drank alcohol in the year preceding the study, and 54.9% consumed a month before being surveyed. This pushed producers to become more innovative and start releasing more high-quality, premium rum types. Due to millennials opting for low alcohol beverages, wine sales have declined for the first time since 1994. The global canned wines market has seen rapid growth as ready-to-go food and beverages become the need of the modern consumer. Experts predict a stable growth at 7% CAGR. Nestle SA and The Coca-Cola Company come in second and third place generating $43.4 billion and $33 billion, respectively. The largest beverage company worldwide is Anheuser-Busch InBev. Usage implies agreement with terms, Food and Beverages Fat Supply Quantity Per Capita, Food and Beverages Protein Supply Quantity Per Capita, Food and Beverages Calories Supply Per Capita, Fermented Beverages Calories Supply Per Capita, Fermented Beverages Protein Supply Quantity Per Capita, Production Value of Beverage Serving Activities, Sold Production of Machinery for Food, Beverage and Tobacco Processing, Sold Production of Repair and Maintenance of Machinery for Food, Beverage and Tobacco Processing, Sold Production of Machinery for the Industrial Preparation or Manufacture of Food or Drink, Including Fats or Oils, Beverage, Tobacco and Food Machinery Production Value, Sold Production of Fermented Beverages and Mixtures Thereof, Sold Production of Installation of Machinery for Food, Beverage and Tobacco Processing, Sold Production of Mixtures of Odoriferous Substances of a Kind Used in the Food or Drink Industries, Sold Production of Drinking Glasses Other than of Glass-Ceramics, Sold Production of Mixtures of Odoriferous Substances Not Used in the Food or Drink Industries, Sold Production of Machinery for Beverage Processing Parts, Sold Production of Hand-Operated Mechanical Appliances for Food or Drink, Beverage, Tobacco and Food Machinery Production Index, Sold Production of Machinery and Apparatus for Filtering or Purifying Beverages, Related Non-Environmental Protection Output in All Environmental Protection Activities in Manufacture of Food Products, Beverages and Tobacco Products by the Business Sector, Sold Production of Cans Used for Preserving Drink, Sold Production of Drinking Glasses of Toughened Glass, Environmental Protection Related Ancillary Output in Noise and Vibration Abatement in Manufacture of Food Products, Beverages and Tobacco Products by the Business Sector, Fermented Beverages Fat Supply Quantity Per Capita, Import of Hand-Operated Mechanical Appliances for Food or Drink, Import of Machinery for Food, Beverage and Tobacco Processing, Export of Fermented Beverages and Mixtures Thereof, Export of Mixtures of Odoriferous Substances of a Kind Used in the Food or Drink Industries, Import of Mixtures of Odoriferous Substances of a Kind Used in the Food or Drink Industries, Import of Machinery for Beverage Processing Parts, Export of Hand-Operated Mechanical Appliances for Food or Drink, Import of Machinery and Apparatus for Filtering or Purifying Beverages, Export of Machinery and Apparatus for Filtering or Purifying Beverages, Export of Machinery for Food, Beverage and Tobacco Processing, Import of Fermented Beverages and Mixtures Thereof, Import of Machinery for the Industrial Preparation or Manufacture of Food or Drink, Including Fats or Oils, Export of Mixtures of Odoriferous Substances Not Used in the Food or Drink Industries, Import of Mixtures of Odoriferous Substances Not Used in the Food or Drink Industries, Export of Machinery for the Industrial Preparation or Manufacture of Food or Drink, Including Fats or Oils, Export of Machinery for Beverage Processing Parts, Fermented Beverages Market Size Volume Per Capita, Value Added of Food, Beverages and Tobacco - Source FAO, FDI Inflows to Food, Beverages and Tobacco, Turnover Index of Food, Beverages and Tobacco Retail Sector, Total Internal R&D Personnel in Manufacture of Food Products; 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The country dominates the global market by accounting for a whopping 80% of the coffee market. Functional water is one of the biggest soft drinks industry trends.

In that year, the Coca-Cola Company was valued at over $36 billion, making Coca-Cola the most valuable non-alcoholic beverage globally. This sector was estimated at $1.9 billion in 2018, and its expected to reach $5 billion by 2022. The Most Extensive Collection of Facts About Honey in 2022. The second most-consumed beverage besides water is tea, and the most consumed alcoholic drink is beer. How Much Fast Food Is Consumed Daily in America?

The main competition aspects originate from pricing, packaging, innovation of flavors, additional function, distribution plans, marketing strategies, and more. Headquartered in Belgium, the multinational drink and brewing company is best known for its beers, ciders, and flavored malt beverages. hong balance kong trade Water is undoubtedly the most popular drink, followed by tea. Amassing a $7.5 billion brand value, Budweiser takes the top spot as the worlds most valuable beer brand.

That year, beers sold in glass bottles made up 30%, while beers in kegs accounted for 10%. Input your search keywords and press Enter. In 2019, spirits made up 37.8% of the US alcohol beverage market share, compared to 33.3% in 2010. ikea statista Alcoholic beverages sales data showing a gradual increase in sales in the past decade (from $184 million in 2010 to $252.8 in 2019) can attest to this. Since 2014 South Korea Fermented Beverages Demand rose 1.7% year on year close to 1,522 Thousand Metric Tons.

The industry is projected to reach $1.85 billion by the end of 2024. This is a notable increase from $7.78 billion in 2018. North America came second, making up 24%, while Africa held the industrys smallest share.

Anheuser-Busch InBev led the industry by selling over $52,329 million worth of beverages in 2019.

As a result, statistics indicate that the global alcohol industry will be worth $2.2 trillion by 2025. Lipton Pure Leaf is the best-selling RTD tea brand in the US, exceeding $900 million in sales every year.

Sutter Home came second with sales amounting to nearly $397.6 million. In 2019, 82% of all beers sold in the US were produced domestically. The ready-to-drink beverages, premium alcoholic products, healthier drinks with zero sugar, and non-alcoholic spirits are expected to create ample opportunities for the industry during the forecasted period. In 2018, the universal beverage industry was valued at $1.54 billion. The beverage industry facts show that China leads the global market, producing 2.62 million metric tons of tea in 2018.

In 2018, the US per capita consumption was roughly 20.44 gallons. The most significant contributor to the growth of this sector is the green tea industry, which is currently worth $16.3 billion and is expected to reach $26.1 billion by 2027. According to the latest spirits industry statistics, the hard liquor market shows strong growth even during the pandemic lockdown. Products currently considered within the food and beverage market are beverages, food, pet food, and tobacco products. In 2018, soft drink consumption dipped again for the 13th year since its peak in 2002 to just 38.87 gallons per person.

According to the alcoholic beverages sales data, the demand for flavored and spiced rum varieties grew from under 6 million bottles in 2013 to over 10 million bottles in 2019an 80% increase within five years. According to the global food and beverage industry statistics, the previous slower growth rate can be attributed to the devastating effects of the COVID-19 pandemic. From probiotic kefir water to canned wines, the beverage industry is growing to meet the demands of the new decade.

Despite the pandemic, the beverage industry revenue was expected to increase by $10 billion from $150 billion generated in the previous period. The market is projected to be worth $86.01 billion by the end of 2026. In 2019, only 369.7 million 9-liter wine cases were sold in the country. While many segments already seem to have their staple companies and products, there is still room for innovation and new solutions to the modern consumers needs. Rising at an annual rate of 28%, the RTD cocktail is the fastest-growing segment in the spirits category. non-alcoholic beverage industry statistics. Although this is a decline from 20.7 gallons in 2010, the.

The beverage industry is growing.

However, Coca-Cola Energy stood out for specific reasons. The beverage industry is massive. As people become more concerned with wellness and return to their on-the-go lifestyles, the beverage industry is adapting to the increasing demand for healthy non-alcoholic drinks and one-serving options.

The beverage market seems to become more promising and profitable by the day as the demand for various types of drinks increases. In 2019, sales from alcoholic beverages in the country amounted to $252.82 billion.

Other top US beverage industry companies include: Other innovative products from last year include HUZZAH Probiotic Seltzer, Lemon Perfect, Loverboy Sparkling Hard Tea, and StoneShine. In the 2019/2020 fiscal year, Americans consumed 26.7 million 60-kilogram coffee bags. Like with other markets that suffered due to F&B closures over 2020, the industry is expected to recover to $1.2 trillion by 2027. The food and beverage industry facts indicate that people aged 70 and older consumed roughly 2.18 cups of coffee per day in 2020.

show that the global beverage industry was worth $1.54 billion in 2018 and is expected to grow to $1.85 billion in 2024. , the industry is extraordinarily profitable and will become more prominent in the future.

According to U.S. food and beverage industry statistics, America contributes about $26 billion to the global market. Anheuser-Busch InBev, The Coca-Cola Company, and Nestle SA are the prime leaders in the beverage industry. The international tea market is expected to grow to $81 billion by 2026. In 2019, the global alcoholic beverage sector was worth $515.2 billion. Bottled water is the most popular drink in the world, statistics reveal. Monster, a close competitor, had a market share of 26%. Experts expect demand and growth trends to go back to normal after 2022. This is projected to increase to $7.29 billion by 2022. show that Mexico led the world with the highest soft drink consumption.

Greater awareness of the health impacts of consuming carbonated beverages that are high in processed sugar is a leading reason for this decline. of over $794 million, Lipton Pure Leaf is the countrys most valued RTD. Recent statistics reveal that the drinks industry is currently worth $1.5 trillion.

The worldwide non-alcoholic beverage industry market is expected to accumulate a CAGR of 8.20% between 20202027. In that year, bottled water accounted for 25% of the beverages consumed in the United States. indicate that Brazil is responsible for 36% of global coffee production. More than 82% of all US beer is domestically produced, and 18% is imported from more than 100 countries worldwide. Barefoota wine produced by E&J Gallo Wineryleads the pack as the best-selling table-wine brand garnering over $673 million in 2020.

The company is an industry leader, according to recent beverage industry sales reports, with $46.8 billion reported revenue for 2020. The two most significant factors to competing successfully are offering innovative taste and meeting the consumers needs. Whether its because many are seeking a healthier lifestyle or want to break up the overconsumption of alcohol during lockdowns, the market for no-ABV or low-ABV has increased by 506% since 2015. In 2020, AB InBev generated $46 billion in sales. McDowells No. Due to the COVID-19 outbreaks impact, the market was projected to grow at a CAGR of 2.6% and to be worth $528.5 billion by the end of 2020.

Beverages production and consumption are increasing worldwide, and many beverage markets are expanding despite the pandemic. The global consumption is expected to increase over the next four years and amount to 7.4 billion by 2025.

According to the latest reports, the estimated consumption is 38.87 gallons, decreasing by a quarter over the last two decades. Beer accounted for the largest segment with a $109 billion market volume in 2021. The global beverage industry will reach $1,854,589 billion by 2024. Starbucks comes in second, generating $502 million annual revenue and holding 12.43% of the market. The US energy drink market is expected to be worth $10.91 billion by the end of 2023. The functional food and beverage industry growth rate will be 3.3% between 2020 and 2025. Beer is the most consumed alcohol and third most consumed drink. Leading with beverages sales of over $794 million, Lipton Pure Leaf is the countrys most valued RTD tea brand. The fact that four in five US citizens drink tea (87% of consumers are millennials) shows that tea consumption is undeniably growing, leading to the expansion of the. Learn all about beverages production and consumption in the following paragraphs. Other leaders in the alcohol beverage industry like Bud Light and Heineken are close competitors, at $7 billion and $6.7 billion, respectively. All Rights Reserved. The Coca-Cola Company is the leading retailer in carbonated soft drink sales in America, controlling 44.9% of the market. Trends in the beverage industry show more than half of consumers are drinking more non-alcoholic beverages compared to pre-pandemic sales, and 61% of consumers say they want a better choice of non-alcoholic drinks. Europe remains the largest consumer, accounting for 28% of worldwide consumption. The non-alcoholic beverage industry growth rate slowed down during the pandemic, decreasing from $900 billion in 2019 to $724 billion in 2020 due to global quarantine measures.