Is Headless really the future of D2C brands? Global spirits consumption will see a moderate rise of 36.5m cases by 2022, equivalent to a CAGR of 0.2%. Know your true TAM. Are merchants primed to adopt Buy with Prime ? Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. In fact, government campaigns are raising awareness about the need for food safety and cleaner supply chains. CBD infused sparkling water, plant-based milk beverages are popular examples under this category. Additionally, the UN population fund notes that 25 percent of Vietnams population (which is around 100 million) are aged between 16 and 30, and over 20 percent of the population are under 14. Non-alcoholic drinks, also known as virgin drinks, mocktails and near beer, refer to the beverages that comprise less than 0.5% of alcohol content by volume. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Slips poor jokes & gets away with a poker face. Every week we send out tidbits that capture the eCommerce industry and its evolution, right to your inbox. What will be the beverage market size by 2026? Many distilleries are coming up with new varieties of craft beers and premium organic wines. Some of the most popular players in the food delivery sector include: The IMARC Group also noted that many people have created accounts and have been added to the mailing lists of companies offering home delivery during the pandemic.

Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The most accurate online retailers dataset curated by algorithms & analysts, The holy grail of predictable demand generation, The gold standard of eCommerce market size estimates, State of the Direct-to-Consumer Industry in 2022. The outbreak of COVID-19 has disrupted the distribution network and manufacturing capabilities of the key players resulted in the low revenue generation in the market. Some of the major players discussed in this report are Unilever, The Coca Cola Company, GCMMF (Amul), Type, Packaging Type, Distribution Channel, And Geography, North America, South America, Europe, Middle East and Africa, Asia Pacific, Unilever, The Coca Cola Company, Nestle, Pepsi co Inc., Jones Soda Co., Danone, Appalachian Brewing Company, GCMMF (Amul), Keurig Dr Pepper Inc., Bacardi Limited, Carlsberg Breweries A/S, Heineken N.V., Suntory Holding Limited, Constellation Brands Inc., Molson Coors Brewing Company, United Breweries Ltd., Brown-Forman Corporation, Global Fruit Juice Market Size: Industry Report, 2021 - 2026, Soft Drinks Market Size & Share: Industry Report, 2019 - 2024, Kids Food And Beverages Market Size & Share: Report, 2022-2027, Instant Beverage Premix Market Report: Industry Size, 2019-2024, Fermented Drinks Market Size & Share: Industry Report, 2021 - 2026. Which region holds the largest market share in the beverage market? In a positive development for the category, standard and above vodka consumption is forecasted to grow by 7.4m cases, at a steady CAGR of 1.6%. Q5. It's free. Primarily, due to consumer demands for a healthier lifestyle and stringent government regulations for controlling the addition of preservatives; many companies have shifted their focus on organic or natural ingredients. The pandemic and accompanying restrictions pushed grocery shopping online in Vietnam. It comes with the additional cost of $2500.00 contact sales. In August 2019, Diageo announced the acquisition of Seedlip, the worlds first distilled non-alcoholic spirits brand as a majority shareholder. These firms may be more likely to standardize production and guarantee quality while benefiting from economies of scale in areas like e-commerce adoption. Lumentec.eu is an online store with nationally-focused sales. forever21.com, operated by Forever21, Inc., is an online store with nationally-focused sales. Total sales of food and beverage reachedUS$41.7 million (+ 3.8 percent YoY) in 2020. Our subscription service offers regular regulatory updates, For instance, last year PepsiCo unveiled a new hydration platform, which is completely customizable to the needs of the consumer. People living in cities are more likely to eat out and are generally expected to earn more and therefore have a greater total spend on food and beverages. Total addressable market size of eCommerce companies in the US and other major markets, Total addressable market of subscription eCommerce companies. For instance, excess sugar intake can cause obesity, diabetes, dehydration, premature birth defects, and teeth cavities in children. businesses establish, maintain, Can a small business have access to local demand without 'Shop' app? Beverage companies are responding to this by moving towards more eco-friendly options. Meanwhile, compared to Generation X and Y, Generation Z had higher usage of international platforms, such as Instagram, Tiktok, and Pinterest. Presently, however, Vietnams F&B industry is recovering from the pandemic, which has globally impacted restaurants, cafes, and bars and daily consumption due to restrictions on public movement and open gatherings as well as temporary fiscal restraint shown by many in uncertain economic times. According to e-wallet player Payoo, sales in Vietnams F&B industry were up 50 percent year-on-year in the first quarter of 2022. A data-driven report. This middle class is further expected to grow, spreading out geographically and becoming more diverse. Is it more of Amazon, which already owns 50% of B2C eCom in the US? MarketResearch.com6116 Executive BlvdSuite 550Rockville, MD 20852800.298.5699 (U.S.)+1.240.747.3093 (International)customerservice@marketresearch.com, 4 Key Insights into the Global Food and Beverage Market, Food and Beverages Stores Global Market Report 2022, 7 Ways to Identify New Market Opportunities in a Changing World, The Effect of Inflation on Consumers and What It Means for Brands, Predicted Market Research Trends for 2022, How Custom Market Research Can Help You Make Strategic Decisions. By distributionchannel, specialty storeis the fastest growing segment owing to the increase dinterest in customized products thatoffer more honey-sweetened foods and drinks. Want insights on the performance of D2C, eCommerce brands in the US & India during COVID lockdowns? Every week we send out one deeply researched essay that captures the eCommerce industry and its evolution, right to your inbox. Raise the query and paste the link of the specific report on portal and our sales executive will revert you back with the sample. The non-alcoholic beverage market includes soft drinks(soda), fruit juices, syrup, caffeinated drinks, sports drinks, coffee, and tea. The global non-alcoholic beverage market size is valued at USD 1337 billion in 2022. Consumers demand toward maintaining health & wellness and functional beverages has impacted the market. When you have easy money and it is spent on consumption rather than creation, too much money will eventually devour any available supply. A5. A survey by WHO states that on average a Lithuanian consumes 15.9 liters of pure alcohol in a year. The increase in the trend of drinking in a social gathering is one of the main factors that is driving growth for APACs alcoholic beverage market. including the most recent legal, tax and accounting changes that affect your business. Will they sell more items or will it be a sell-out to Amazon? As a result, this industry is continuously innovating new products to satisfy the needs of its native consumers. Vietnam has long established itself as a favorable destination for investors wanting to diversify their Asia presence. No spam. While Poland and Netherlands would be the following emerging markets showing promising growth rates for the above category. Zara SA, stylized as ZARA, is a Spanish apparel retailer based in Arteixo in Galicia. Copyright PipeCandy. Even though, it is currently the largest revenue generating segment, tea & coffee has indicated rapid growth in terms of revenue and volume, respectively. Some of the governments have restricted the sale of alcohol on some special days, at some places & density; limiting the consumption of alcohol. The industry would further expand to a value of 633 billion at the end of 2023. If they offer a better price, will 'Buy with Prime' penalize them with lower visibility on Amazon? A2. In recent years, this decision has Vietnams digital economy has seen significant growth over the last decade and is expected to be valued at US$57 billion by 2025. What are the growth prospects for the beverage market? Porters five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and streng then their supplierbuyer network. The resumption of dine-in services and the recovery of domestic demand were cited as key drivers. Carries a no BS attitude at getting things done.

Vietnam is well known for its varied cuisine, which has reached markets around the world, from London to New York, and from Moscow to Johannesburg. The market is growing at a CAGR of 3.8%. It's value estimations are USD 1885 billion in 2023 and will be valued at USD 1488 billion in 2024. Arts and Entertainment, Business and Consumer Services, Business and Industrial, Consumer Electronics, Health and Fitness, Arts and Entertainment, Business and Industrial, Office Supplies and Stationery, Technology and Computing. hm.com, operated by H & M Hennes & Mauritz AB, is an internationally-focused online store that generates eCommerce net sales primarily in Germany as well as in the United States and the United Kingdom. Choose to opt-out whenever. Country-specific eCommerce TAM reports & white papers, Find a comprehensive list of eCommerce companies & DTC brands using '. #innovation#ecommerce#technews, The Dichotomy of US consumer goods exports, When the going gets tough, the tough go enterprise, Shopify Product Announcements: Life beyond the long tail. With Vietnams middle class growing, its population is becoming increasingly engaged with global trends, such as sustainability and healthy eating. In addition, some manufacturers provide innovative packaging, thereby increasing their market share. Build surgically precise lead lists of your ideal eCommerce customers, Trusted by world's leading eCommerce enablers to research eCommerce companies and reach out to them. Tower 2, Plot No 22, Sector 135, Noida 201301 Assembly Acquires Leading eCommerce Market Data and Intelligence Provider, PipeCandy, Grab $100 worth of free eCommerce company data, Get one deeply researched essay from our founders every weekend. The report provides a quantitative analysis onnon-alcoholic drinks market, market trends, estimations, and dynamics of the non-alcoholic drinksmarket size from 2020 to 2031 to identify the prevailing opportunities. Sales: +44-247-698-0804. Your email address will not be published. While people may have fewer concerns about going to restaurants or supermarkets in the current environment, they are more exposed to the marketing of food delivery companies. While beer and spirits are mostly consumed categories, consumption of wine and premium alcoholic beverages is becoming popular in recent times. It provides you with a variety of flavors, carbonation, and temperature options to choose from. Find your favourite beverage brand below. What is the size of the global beverage market? Over the next five years, Fitch Solutions forecast household disposable incomes to grow by a CAGR of 9.0 percent in local currency terms (7.9 percent in US dollar terms), taking household disposable incomes to a value of US$6,800 by 2024. From the newly funded startups to well funded corporate conglomerates almost all the players in the beverage market are striving hard to meet the never-ending desires of the new-age consumers. It is predicted that 40 percent of Vietnamese people will live in cities in 2025, up from around 20 percent in 1990. Readers may write tovietnam@dezshira.comfor more support on doing business in Vietnam. With its team of lawyers, tax experts, auditors and Dezan Shira & Associates helps

For instance, Walmart, Kroger, Albertsons, Trader Joes, Whole Foods Market, Target Corp., and Costco all have launched private-label drinks of various beverages categories. Vietnam Briefingis produced byDezan Shira & Associates. The interest for zero alcohol beverages is predominant in Western Europe compared to the eastern region. Required fields are marked *. Furthermore, artificial sweetened drinks can cause heart disease and cancer, while caffeine content in energy drinks increases the risk of caffeine overdose. Our goal is to help you better understand your customer, market, and competition in order to help drive your business growth. For instance, super premium juices, crafted soda, premium hydration, and probiotics are projected to show tremendous growth asthey aid in weight loss, detoxification, provide vitamins & other nutrition supplements, and improve digestion. In addition, governments of many nations have set minimum legal age for purchase of alcohol and have increased the price & tax on alcohol to reduce its consumption. The key players operating in the non-alcoholic drinks market include- A.G. Barr, Dr. Pepper Snapple Group, DydoDrinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestl S.A., PepsiCo, Inc., and the Coca-Cola Company. T&C*. eCommerce-specfic lead qualification criteria. The following includes a few key highlights from the report: Further regional information on key drivers, opportunities, and strategies can be found in TBRCs Food and Beverages Stores Global Market Report 2022, one of a series of reports from The Business Research Company that provides food and beverages market overviews, analyzes and forecasts food and beverages market size, food and beverages market players, food and beverages market segments and geographies, the markets leading competitors revenues, profiles and market shares. The outbreak of COVID-19 pandemic has impacted the consumption pattern of non-alcoholic drinks negatively. What we see about the DTC space today with data-driven research insights? On the other hand, the news products such as CBD infused beverages, vegan beverages are in demand as well. The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the non-alcoholic drinksindustry. Overall, the non-alcoholic beverage market in the European region is driven by shifts in consumer preferences towards healthier alternatives. By price point, the demand for the premium and luxury drinks has rapidly increased owing to the rise in adoption of premiumization among the consumers. Oops! The market was worth US$5.18 billion in 2015 and is expected to be worth US$10.1 billion in 2025. In fact, brands are even looking to tap into this trend by finding synergies between Vietnamese local food culture and healthier market offerings. Should sellers be worried about letting Amazon be in the know of their metrics? On-going advancements in the non-alcoholic drinks due to innovative efforts proliferates the demand for these drinks. GLOBAL BEVERAGE MARKET BY PACKAGING TYPE, 7. While southern Vietnamese cuisine incorporates bounteous fruit and vegetables, with fresh herbs, seafood, and frequently coconut milk. The US alcoholic industry comprises 80% malt-based beverages and 20% of Spirit-based beverages. Get 30 mins free consultation with our research analyst. Consumers purchasing decision is heavily influenced by social media, bloggers, and relatives & friends due to increased heath issues. The market is expected to grow at a CAGR of 2%. Previously, the Carbonated soft drinks (CSD) segment accounted for driving revenue in this region. This shrink in the market share soft drink category is compensated by the rise in the market share for the subcategories such as fresh juices, enhanced water, RTD coffee, probiotic drinks, etc. While the market size for functional beverages is expected to grow and expand in the upcoming years. Top non-alcoholic beverage brands: Coca Cola, Pepsi, Tropicana, Gatorade, Redbull, Lipton, Nescafe, Top alcoholic beverage brands: Corona, Budweiser, Heineken, Smirnoff, Bacardi, Johnnie Walker, List of alcoholic DTC beverage brands: Drizly, HomeChef, Foxtrotco, Bodega Bay, Winc, Tale Beer, List of DTC non-alcoholic beverage brands: JUS by Julie, Health-ade, Moon juice, Califia Farms. Vietnams F&B industry is characterized by the prevalence of smaller companies. uniqlo.cn, operated by Fast Retailing (China) Trading Co., Ltd., is an online store with nationally-focused sales. This behavior change opens up opportunities for native and DTC brands to penetrate the market. Rising health consciousness regarding the consumption of both alcoholicbeverages. This is enhancing the demand for organic products in combination with the desire for healthier diets. Given changing lifestyles and socio-cultural norms, the younger population is more inclined to eat out and share their stories and experiences on social media as in the rest of the world. According to the countrys General Statistics Office, revenue generated in the catering and accommodation services sector reached VND 124.4 trillion in the first quarter of 2022. In addition, researchers estimate that the average revenue per person in the Soft Drinks segment amounts to be US $90 in 2020. It's value estimations are USD 1885 billion in the year 2023. Moreover, advertisement ban on alcoholic drinks by governments of some nations have reduced the market awareness for alcohol, which has escalated the demand for non-alcoholic drinks. Pandemic disrupted the entire world and affected many industries. Vijay Ramachandran talks about increasing population dispersion and challenges faced by brands to satisfy a consumer base. As of 2020, the average household now has a disposable income of US$4,890, while the per capita disposable income is estimated at US$1,910. A deep dive into the world of headless and composable commerce with Vikram Saxena, CEO at BetterCommerce. The top F&B brands in the Vietnamese market include Vietnam Dairy Products JSC (Vinamilk), along with familiar global brands, such as the foreign-invested Nestle, Masan Consumer Corporation, and others, while Heineken, Saigon Beer Alcohol Beverage Corporations (Sabeco), and Pepsico Vietnam Beverage Co., Ltd. are among the key players in the beverage industry in Vietnam. Q2. What can you expect when stepping into the wonderfully chaotic ever-changing logistics landscape? The beverage market is evaluated at US$1,561.084 billion for the year 2019. One of the most noticeable trends is the shift toward the consumption of low and no-alcohol beers, such as the Heineken 0.0 (zero alcohol) or Sabecos Sagota the first Vietnamese brewery to introduce non-alcoholic beer as well as craft beers with common brand names, such as Belgo or BiaCraft Artisan Ales. All Rights Reserved. Published Date: Feb 2022 | | Pages: Pages: 235, SIngle User License, Five User License & Enterprise User License. Online food delivery from food cooperatives or restaurants also grew during the pandemic. Something went wrong while submitting the form. Last mile is the most expensive component of delivery. First to arrive at the office, Ashwins energy does not ebb through the day. Many manufacturers are projected to offer new products to target a niche market and become the key player. In addition, the food and beverages segment hold the maximum market share. This is bringing loads of traction and growth in the private label beverage market. They are slowly encouraging the use of bio-friendly packaging, recyclable plastic containers. For instance, AB InBev, one of the largest beverage manufacturers in the EU region acquired Cutwater Spirits6 to expand its market presence in the craft spirit and ready-to-drink (RTD) cocktail space. The global alcoholic beverage market share was valued at USD 1559 billion in 2022. For example, the countrys top food exports include healthy ingredients like pepper, fruit and vegetables, cashews, and coffee. Get insights on topics that are crucial for your business. The industry is growing at a CAGR of 3.7%. Every week we send out one deeply researched essay that captures the eCommerce industry and its evolution, right to your inbox. We are in compliance with the global privacy laws. Furthermore, surge in disposable incomes in emerging economies has increased the adoption of non-alcoholic drinks. Many CBD-infused seltzers hit the retail outlet early this year, with sales more than doubling over the previous year. As disposable incomes increase, the budget for food, accommodation, and utilities expand, and as a result, eating out is becoming common in Vietnam, and to some extent an essential part of modern life in the country. The huge market potential for diet and zero sugar drinks is projected to be observed for non-alcoholic drinks market during the forecast period. It is an exciting time to be in the beverage industry. Moreover, as noted earlier Vietnam is a relatively young country, which will influence future growth prospects, such as the emergence of new culture and lifestyle trends that balance local norms with global preferences. A Payoo spokesperson told VN Express that revenues were likely to increase further in Q2 as the pandemic eases and people become more comfortable eating out. This is mainly due to the increase in the young-adult demographic, coupled with the increase in the spending power of millennials. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Stay Ahead of the curve in Emerging Asia. Home for the majority of the consumers, the APAC region will dominate the world's non-alcoholic beverage market in the upcoming years. Another interesting trend is there is a surging demand for mild alcoholic beverages like craft beers, zero alcoholic beverages, and non-alcoholic spirits. New age consumers, mainly millennials are health-focused. Enrich your leads & engage again. While Germany, France, and Spain hold a major market share of the market in this region. Rising Health Consciousness Regarding Alcoholic Beverages, 4.4.5. In addition, the increase in obesity rates and the impact of a sedentary lifestyle is making young Americans migrate from CSDs to healthier alternatives.