At CAGR of 5.7%, Global Fusion Beverages Market Size Will Hit USD 8.46 Billion by 2026
According to Facts and Factors, the global fusion beverages market in 2019 was approximately USD 5.74 Billion. The market is expected to grow above a CAGR of 5.7% and is anticipated to reach over USD 8.46 Billion by 2026.
Increasing competition and new developments in fusion beverages across the globe are expected to affect global competition for fusion beverages. The fusion beverage improves efficiency and promotes good health. The increase in health awareness, change and taste among consumers of fusion beverages is expected to see the lucrative growth over the forecast period.
The global demand for fusion drinks is driven primarily by rising health and fitness concerns. Increasing numbers of fused beverages from the sports industry worldwide are also likely to drive growth in the demand for fusion beverages. In addition, increasing disposal income and long work shifts would likely have a positive effect on the profit margin level of the industry over the projected period of time. However, changing healthy lifestyle, growing competition, evolving taste preferences of consumers with nutritional benefits that drive the growth of the global market for fusion beverage. The fabrics concentrate on key aspects such as purpose, shape and style. Packaging should be simple and compact so that manufacturers concentrate on quick cutting and packaging; clean labels and clear details are also becoming a top priority for customers as another key factor for market development. Nonetheless, emerging economies, combined with rising per capita spending on sports in developed countries, are expected to pave the way in the years ahead.
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The global demand for fusion drinks is bifurcated into online and offline, depending on the distribution channel. Offline was in 2019 the largest division on the global market for fusion beverages. This rise is due to the enormous demand of supermarkets, hypermarkets, convenience stores, gas stations, online retailers and others for fusion beverages. In 2019, the off-channel segment accounted for over 60 per cent market share. In addition, it is also expected in the near future to show tremendous growth in the margin of the market. Due to rising demand in bars, pubs, cafés, restaurants, clubs, hotels around the globe, online channel is predicted to be the fastest growing market segment in the next few years. Online store such as trend hunter Fusion brand that has Fusion Vodka and Tequila offering customers exclusive hybrid alcohol drinks is expected to grow market share in the coming years.
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In 2019, North America led the regional market for Fusion beverages. It represented a share of over 32 percent of total consumption in 2018. It is expected that new product launches and merger with companies will positively impact the market margin over the coming years. New and creative fusion beverages were launched by the various companies. This, in effect, is likely to help fusion beverage sales rise in the near future. Asia Pacific is projected to experience positive growth in the coming years due to the fast growth in disposable income, urbanization.
Top key players operating in the market are PepsiCo, Silver ice Beverages, Monster Beverage, Danone, Kraft Foods Group, Campbell Soup, MYX Beverage, Fusion Formulations, Future Consumer Ltd., Coca-Cola Company, Tata Global Beverages Ltd., and Others.
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This report segments the fusion beverages market as follows:
Global Fusion Beverages Market: By Type Segmentation Analysis
- Fruit Juices
- Carbonated Drinks
- Sports And Energy Drinks
- Fused Alcohol
- Non-Carbonated Drinks
- Fused Tea and Coffee
Global Fusion Beverages Market: By Sales Channel Segmentation Analysis
Global Fusion Beverages Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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