Published on : Dec 06, 2017
Albany, New York, December 6, 2017: Beverage industry one of the leading segments of business growing around the globe. This industry is considered to be the mainstay of the economic and financial activities taking place across the world. Recently a new study, titled “Argentina Beverage Forecasts September 2017” has been broadcasted to the wide repository of Market Research Hub (MRH), which provide both historical consumption trends for all commercial beverage categories and forecast trends five years into the future.
In the initial section, the research starts by presenting the detailed overview of the beverage market in Argentina, which covers major beverage category groups, such as Soft Drinks, Bulk/HOD water, Dairy & Soy Drinks & Milk Alternatives, Hot Drinks, Beer & Cider, Spirits and Wines. For each category, the study present forecast projections to 2022 to enhance the understanding of consumption patterns and evolving trends in the beverage industry. Readers will also be able to infer the details of current trends and future growth prospects that will be helpful to improve key players performance.
It has been well identified that acceptance of alcohol consumption by consumers, population base of the young generation, and increasing per capita income are the major driving forces that spur growth for beverages segment by the end of 2022. In Argentina, the beverage industry has alone sustained the pressures of the competitive market. It has succeeded in meeting the growing demands of the people. Research finds that health and wellness have also impacted the beverages market in the recent years. Consumers are progressively seeking healthier beverages such as bottled water, flavored water, powder concentrates and 100% juice to reduce calorie and sugar intake.
Moreover, the research offers precise inclusion of each category along with its sub category. This section include Soft drink sub categories, such as Packaged Water (excludes all water sold in large containers of >10 liters), Carbonates, Flavored Water, Juice (100% pure juice), Nectars (products with a 25-99% juice content), Still Drinks (<25% juice content), Squash/Syrups, Fruit Powders, Sports Drinks, Energy Drinks. On the other hand, hot drink include hot coffee and hot tea. Diary and soy milk & other alternatives are Condensed Milk, Drinking Yogurt, Flavored Milk, White Milk. Beer and Spirits highlighted in the study include Flavored Alcoholic Beverages (FABs), Spirits (excluding Fortified Wine and FABs), Wines: Fortified Wine, Wine Total (Still and Sparkling combined).
Presently, manufacturers are focusing their new launches on products with more natural ingredients, added vitamins and minerals, as well as on products with lower sugar content, which is beneficial for the market growth.
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