Latin America Juice, Nectar and Still Drinks Market Size By Type (Still Drinks, Juice Drinks, and Nectar), By Packaging Type (PET/Plastic, Tetrapaks, Metal Can), By Distribution Channel (Supermarkets/Hypermarkets, Wholesale, and Family Owned and Independent Shops), By Geographic Scope And Forecast
Report ID: 224278|No. of Pages: 202
Latin America Juice, Nectar and Still Drinks Market Size By Type (Still Drinks, Juice Drinks, and Nectar), By Packaging Type (PET/Plastic, Tetrapaks, Metal Can), By Distribution Channel (Supermarkets/Hypermarkets, Wholesale, and Family Owned and Independent Shops), By Geographic Scope And Forecast
Latin America Juice, Nectar And Still Drinks Market Size And Forecast
Latin America Juice, Nectar And Still Drinks Market size was valued at USD 7213.99 Million in 2024 and is projected to reach USD 12020.07 Million by 2031, growing at a CAGR of 6.59% from 2024 to 2031.
The shift toward healthier beverages fuels the growth of the Latin America Juice, Nectar And Still Drinks Market. Increasing consumption of fruit juices offers an advantageous growth opportunity for the market. The Latin America Juice, Nectar And Still Drinks Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=224278
Latin America Juice, Nectar And Still Drinks Market Definition
Nectar is the liquid that is produced by the plants, and juices are the liquid that naturally exist in fruits and vegetables. For better understanding nectar is produced from flowers while juices from fruits and vegetables. Still drinks are the type of refreshing beverage with a great fruity taste. It is generally made up of specialty ingredients with a range of flavors and vitamins. Juice, nectar, and still drink are non-alcoholic beverage types that are manufactured primarily owing to its advantageous health benefits. This market comprises the portfolio of the products that boost the immunity with several health benefits. Juices, nectar and still drinks are popular beverage segments with consumables across the region. The increasing health awareness for the body and mind is accounting for the market growth. The wide range of product portfolio is offered by the key and small scale players in the industry.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=224278
Latin America Juice, Nectar And Still Drinks Market Overview
Shift towards healthier beverages fuels the growth of Latin America Juice, Nectar And Still Drinks Market. The juices are consumed to serve health benefits. Fruits and vegetable juices are the main sources of juices. The ever-increasing concerns of obesity and other chronic diseases are impelling major health challenges in Latin America. The region is experiencing a steady and significant aging population and chronic diseases are the principal cost drivers. In addition, obesity is the fastest rising non-communicable disease (NCD) and afflicts over 56% of the adults in Latin America. These two factors are considered as the leading indicators of health problems. This, in turn, introduces shifts in healthy food choices that have been observed across the region. High price of the juices restraining the expansion of Latin America Juice, Nectar, And Still Drinks Market. The high price associated with the juices, nectars, and still drinks as compared to the other beverages continues to be one of the major restricting factors. The juices that retain the high nutritive value are processed under high technology such as cold-pressed technology. The high-pressure processing (HPP) techniques require for the products are most costly than the usual juices. This results in increasing the price of the juices. In addition, the usage of organic additives is another factor that leads to scaling up the cost.
Increasing consumption of the fruit juices offers advantageous growth opportunity for the market. The increase in the consumption of fruit juices has highlighted the diverse consumer habits. In accordance with the statistics studied and observed from the VMR repository, the consumers preferred drinking juices in between meals. In addition, they also consume them for sweet breaks. As for convivial consumption, vegetable and fruit juices are mainly consumed at home for aperitifs. There are main differences in the consumption patterns according to geographies.
Latin America Juice, Nectar And Still Drinks Market: Segmentation Analysis
The Latin America Juice, Nectar And Still Drinks Market is segmented on the basis of Type, Packaging Type, Distribution Channel, and Geography.
Latin America Juice, Nectar And Still Drinks Market, By Type
• Still Drinks
• Juice Drinks
• Nectar
To Get Summarized Market Report By Type:- Download Sample Report Now
Based on Type, the market is bifurcated into Still Drinks, Juice Drinks, and Nectar. Still Drinks accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 6.02% during the forecast period. Juice Drinks was the second-largest market in 2020.
Latin America Juice, Nectar And Still Drinks Market, By Packaging Type
• PET/Plastic
• Tetrapaks
• Metal Can
• Others
Based on the Packaging Type, the market is bifurcated into PET/Plastic, Tetrapaks, Metal Can, and Others. PET/Plastic accounted for the largest market share in 2020 and is projected to grow at a CAGR of 5.81% during the forecast period. Retail was the second-largest market in 2020, However, Tetrapaks is projected to grow at the highest CAGR.
Latin America Juice, Nectar And Still Drinks Market, By Distribution Channel
• Supermarkets/Hypermarkets
• Wholesale
• Family Owned and Independent Shops
To Get Summarized Market Report By Distribution Channel:- Download Sample Report Now
Based on Distribution Channel, the market is bifurcated into Supermarkets/Hypermarkets, Wholesale, and Family Owned and Independent Shops. Supermarkets/Hypermarkets accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 7.43% during the forecast period. Wholesale was the second-largest market in 2020.
Latin America Juice, Nectar And Still Drinks Market, By Geography
• Brazil
• Colombia
• Mexico
• Guatemala
• Caribbean
• Chile
• Argentina
• Costa Rica
• Rest of Latin America
Based on Geography, the market is segmented into nine major Geographies including Brazil, Colombia, Mexico, Guatemala, Caribbean, Chile, Argentina, Costa Rica, and Rest of Latin America. Brazil accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 7.48% during the forecast period. Colombia was the second-largest market in 2020.
Key Players
The “Latin America Juice, Nectar And Still Drinks Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are Coca-Cola Company, PepsiCo, Del Monte, Döhler, RPB S.A., Jumex.
Key Developments
• The Coca-Cola Company had announced to launch The Simply Spiked Lemonade in summer 2022, in collaboration with Molson Coors.
The drink will be available in four flavors such as Lemonade, Strawberry Lemonade, Watermelon Lemonade, and Blueberry Lemonade.
• Coca-Cola was planning to launch fruit-flavored soft drinks.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Coca-Cola Company, PepsiCo, Del Monte, Döhler, RPB S.A., Jumex. |
| SEGMENTS COVERED | By Type, By Packaging Type, By Distribution Channel, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
To Get Customized Report Scope:- Request For Customization Now
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Latin America Juice, Nectar And Still Drinks Market size was valued at USD 7213.99 Million in 2024 and is projected to reach USD 12020.07 Million by 2031, growing at a CAGR of 6.59% from 2024 to 2031.
Latin America Juice, Nectar And Still Drinks Market Drivers
Rising Disposable Income: As the region’s economies grow, consumers have more disposable income to spend on packaged beverages.
Health and Wellness Trends: Consumers are increasingly health-conscious and seeking healthier beverage options, driving demand for juice, nectar, and still drinks.
Urbanization: The growing urban population in Latin America is leading to increased consumption of packaged beverages as people adopt more convenient lifestyles.
Latin America Juice, Nectar And Still Drinks Market Restraints
Economic Fluctuations: Economic downturns can impact consumer spending on non-essential products like beverages.
Competition from Carbonated Soft Drinks: Carbonated soft drinks remain a popular beverage category, competing with juice, nectar, and still drinks.
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
