The Instant beverage premix, refers to pre mixed ingredients for a beverage which is available in the form of powder. The market is expected to grow significantly in the coming years. Major factors contributing to market growth are increasing demand from consumers with busy schedule. The instant beverage premix brings convenience with its ready to drink function with just an addition of milk or water. In addition, easy online availability of the product and increasing disposable income are the other factors expected to drive market growth in the forecast period.
The global instant beverage premix market report has been segmented on the basis of type, distribution channel, and region.
On the basis of type, the global instant beverage premix market is segmented into instant tea, instant milk, instant health drinks, instant coffee, and soup.
On the basis of distribution channel, the global instant beverage premix market is segmented into retail and ecommerce. The retail is further divided into department store, super market, hypermarket, and specialty store.
On the basis of region, the global instant beverage premix market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America is expected to witness a substantial growth during the forecast period owing to increasing demand of ready-to-eat and drink options. In addition, easy access to online retailing in this region is expected to drive product demand. Whereas, the market in Asia Pacific is expected to register highest CAGR owing to increasing disposable income.
The key players in the global instant beverage premix includes, The Republic of Tea, Inc., Suntory Beverage & Food Limited, The Coca-Cola Company, Monster Beverage Corporation, Keurig Green Mountain Inc., Dunkin’ Brands Group Inc., Starbucks Corporation, PepsiCo, Inc., and Ajinomoto General Foods Inc.