Hyderabad, India -- (SBWIRE) -- 02/07/2018 -- The report " Soft Drink Concentrates Market By Application [Carbonated (Cola & Non-cola), & Non-carbonated (Grape, Pineapple, Grapefruit, Orange, Apple, Mixed, Mango) By End Use (Food Service ,Mass Merchandise, , Fountain Machine)and By End User And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", The Global Soft Drink Concentrates Market was valued at USD 28 billion in 2016 and is projected to grow at a CAGR of 5.7% and reach USD 37 billion by 2021. Increasing demand for nutritional food and processed fooad are the key drivers behind the growth of the market.

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By application, Non-carbonated segment to command the global market growth rate
Under the segmentation by application, the global Soft Drink Concentrate market is broadly categorized into Carbonated and Non-carbonated segments. Each have further sub segments such as Cola & Non-cola, Orange, Apple, Grape, Pineapple, Grapefruit and the like. Currently, carbonated soft drink concentrates occupy the largest share in the global market. But, the increasing awareness about the high Caffeine content in carbonated drinks propels the growth of the non-carbonated segment forward.

Soft drink concentrates include sugar, flavors, shading and sometimes stabilizers, all of which are used in the manufacture of soft drinks. Soft drink concentrates are added to either still water or carbonated water to produce various soft drinks.
Increasing awareness about the necessity to stay hydrated, owing to the increasing temoeratures in the world, drives the soft drink sales forward. This creates the required demand for the soft drink concentrate market worldwide.
Based on end use, the market is segmented into Food Service, Mass Merchandise, and Fountain Machine.

Food Service segment to be the top market share contributor by 2021

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On the basis of end use, the market is segregated into Food Service, Mass Merchandise, and Fountain Machine. Food Service segment is predicted to grow at a high and steady CAGR in the period forecast, and is expected to reach the top market share holder position by 2021. The changing preference of the population toward low sugar alternatives is bound to affect the market growth negatively. Increaing market reach of various multinationals is a positive influence on the global market.

Asia-Pacific market to outgrow the North America market by 2021

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On the basis of geography, the Soft Drink Concentrates market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is the largest provider of the global market share currently. But, the Asia-Pacific market is predicted to grow at a very high growth rate due to the developing nations' markets like India and China, and is forecast to compete for the top market share holder position with North America.

Top competitors in the global market presently are Royal Cosun, David Berryman Limited, Big Red Inc.The Coca-Cola Company, PepsiCo, Inc., Kraft Foods, Dr. Pepper Snapple Group, Monster Beverage Corp, Cott Corporation, Dohler Group, Royal Crown Cola Company, Inc., and Nestle SA.

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