Global Instant Beverage Premix Market Expanding at a CAGR of 5.20% Over the Forecast Period (2016-2024) To Reach USD 68.90 Billion by 2024
According to Goldstein Research, global instant beverage premix market is expected to reach USD 68.90 billion by 2024, growing at a compounded annual growth rate of 5.20% over the forecast period 2016-2024. The trend of instant beverages in urban cities and large number of players in beverage industry expanding their business are some of the factors driving the growth of world instant beverage premix market. Global instant beverage premix market segmentation has been carried out on the basis of product type, distribution channel, end-user and geography. Based on product type, instant coffee premix held 32.0% market share of the total instant beverage premix market, acquiring the largest market share, is followed by instant tea premix market. Global instant beverage premix market is majorly driven by Asia Pacific, accounting for nearly 51.4% market share in 2016. Countries such as China, Japan, Singapore, Australia and India are the major shareholders in the expansion of global inst...