USA, Rockville MD, Aug. 08, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the The 3-in-1 beverage market is estimated at US$1.65 billion in 2022 and is expected to grow at a CAGR of 4.2% through 2032.
In this 21st century, the whole world is moving towards new lifestyles and busy schedules, in which instant food and drinks have become an essential part of life. In this scenario, 3-in-1 drinks act as one piece of the puzzle that fulfills the need for instant drinks in a busy lifestyle. Moreover, increasing urbanization is also a growth factor for the 3 in 1 drinks market. It is also a suitable option for conservative workplaces as well as hostels.
Manufacturers must overcome the problem of high sugar content in tea and coffee premixes to increase their health-conscious consumer base and the reach of their products. Additionally, partnerships with travel agencies will generate huge growth opportunities for market players to expand globally.
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Key insights from market research
- The global 3-in-1 beverages market is expected to grow at a CAGR of 4.2% and be valued at USD 2.5 billion by 2032.
- The market recorded a CAGR of 4% for the period 2017-2021.
- Under product type, coffee premix dominates the market and is valued at 730 million US$ in 2022.
- East Asia led the global market with 32.6% market share in 2021.
- By region, the demand for 3-in-1 beverages is expected to grow at CAGRs of 4.8% and 5.8%, respectively, in Europe and Oceania.
“Increasing urbanization as well as changing eating habits will provide an innovative opportunity for market players in the years to come,” says a Fact.MR analyst.
The business environment in the 3-in-1 beverage market continues to reflect a recovery within the industry despite challenging economic conditions. Major market heroes are competing for dominance in this space, such as Nestle, Hindustan Unilever and Cadbury.
Also, market players try to attract customers by focusing on creating customer-specific requirements. Market expansion is expected to be supported by changes in consumer lifestyles and distribution methods, such as supermarkets and hypermarkets. Companies have dramatically increased their R&D expenditures to create new products due to the growing popularity of the 3-in-1 drink market.
Through mergers and acquisitions, joint ventures, capacity expansion and other strategies, manufacturers can form strategic partnerships to adopt technology and increase production capacity to meet the demands of a developing industry. .
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The major 3-in-1 drink manufacturers are Nestle, Hindustan Unilever, Cadbury, MacCoffee and Old Town White Coffee.
Leading 3-in-1 beverage manufacturers use innovative technologies and optimization systems. Major manufacturers are focusing on developing new products with innovative packaging as well as a blend of flavors in their beverages.
- In November 2019, Continental Coffee launched four new flavors, namely Hazelnut, Cappuccino, Mocha and Caramel, 3-in-1 pre-blended coffee under the “THIS” brand.
- In January 2016, Wagh Bakri Tea Groupone of the leading packaged tea companies, has launched a range of spiced teas – masala tea, tea bags and 3-in-1 instant tea premixes enriched with the health benefits of seven selected spices.
Fact.MR has provided detailed information on leading 3 in 1 drink manufacturers pricing positioned in all regions, sales growth, production capacity, and speculative technological expansion, in the recently released report.
Beverage Industry 3 in 1 Research Segmentation
- By product type:
- Coffee premix
- tea premix
- Premix for malt drink
- Cereal Beverage Premix
- Chocolate Drink Premix
- By type of drink:
- Hot drinks
- Cold drinks
- By type of packaging:
- By Distribution Channel:
- On line
- Brand websites
- E-commerce platforms
- convenience stores
- Specialty stores
- On line
- By region:
- North America
- Latin America
- East Asia
- South Asia and ASEAN
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More valuable information about the offer
Fact.MR, in its new offering, presents an unbiased analysis of the global 3-in-1 Drinks Market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals essential information on the basis of product type (coffee premix, tea premix, malt drink premix, cereal drink premix, chocolate drink premix), drink type (hot drinks, cold drinks), type of packaging (sachets, packets) and distribution channel (online, offline), in the main regions of the world (North America, Latin America, Europe, East Asia, South Asia and ASEAN, Oceania , Middle East and Africa).
Knowledge of Fact.MR domain in Food and drink Division
Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced food and beverage team help customers around the world meet their unique business intelligence needs.
With a repository of over a thousand reports and over a million data points, the team has analyzed the food and beverage industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.
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