NECTARS CONSUMPTION VOLUME AND GROWTH FORECAST TO 2021 - ASIA Ken Research Pvt. Ltd.
Historic and Forecast of Nectar’s consumption
The fruit juice industry has forecasted to expand at an annualized rate of 3% from 2016-2021, reaching $317.1 billion.
Beverages CAGR by volume of 2010-2015
During 2016-2021, Industry Value Added (IVA) which is a measure of an industry's contribution to the overall global economy is expected to grow at an annualized rate of 2.7% whereas global GDP is expected to expand at an annualized rate of 2.7%.
12%
9%
Packaged Water
20% Juice 20% 5% 12%
As per statistics, Fruit and Vegetables Processing industry grew at an annualized rate of 2.0% till 2016. In 2016, industry revenue is 1.5% to $274.0 billion.
CSD
11%
-1%
10%
Nectors Still Drinks Soft Drinks Energy Drinks RTD Coffee RTD Tea
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Key Microeconomic Drivers
Expansion in production and rapid urbanization
Consumers spending
Contributor to growth of nectar’s consumption in Asia
World price of sugar
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Per Capita Income
SWOT Analysis
STRENGTHS
WEAKNESSES
Due to expansion in middle class, demand has emerged for larger quantities of higher quality and more-diverse juice.
Differences have been observed between developed and developing economies in food consumption patterns due to level of commercialization in cities.
There has been improvements in logistics and production processes which has led to increase in production and efficient distribution of products.
Nectar used in production of vegetable or fruit juice is used much more in the developed countries like Europe and North America than in developing countries .
SWOT ANALYSIS OPPORTUNITIES
THREATS
Due to increase in per capita income consumers spending is expected to increase
Although Fresh produce poses a threat whereas demand for industry staples such as juice and tomato-based products continues to grow.
Health consciousness has increased consumer demand for higher-quality and more diverse fruit and vegetable products.
The price of sugar is expected to rise which is not beneficial as it is used as a primary input for manufacturing.
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Countries contributing to Nectars production in Asia
China • While China produces about one-third of the world’s fruit (by tonnage) but majority of output is crude. • Chinese fruit and vegetable processing are expected to expand due to enlarged demand for industry products.
India • Increased urbanization rates and expansion in the size of the Asian middle class has boosted the demand of nectar and fruit juices. • India is the second largest producer of fruit in the world.
Indonesia • Indonesia ranking is 12th in worldwide sugar production which is used as primary component. • Indonesia is expected to forecast a volume growth of 17% for 2015-2019.
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Global Performance of Asia
Due to increasing automated business and greater participation in world commerce, demand for processed fruits and vegetables has grown rapidly .
Per Capita Consumption(M, Litres/Capita)
The significant effect on food consumption patterns is due to strong industrial growth in China and South East Asia.
11%
16%
3% China India 15%
Indonesia Japan
Over the past few years, industry profit margins have supplemented as global operations have become more technologically advanced. Trade in processed fruit and vegetable products are expected to grow at an annualized rate of 3.3% from 2016-2021 to $70.1 billion.
Pakistan
23%
Vietnam Thailand Singapore 22%
5% 5%
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Scope of the Report
o Overview of the Nectar market in Asia. o This report is a comprehensive report which includes top level Nectars consumption actual data for 2010 – 2014, provisional data for 2015 while forecasts are provided for 2016 – 2021. o This report contains quantitative data which provides historic and forecast Nectars consumption data by country in Volume (M Liters). o In depth assessment of profile of providers in order to gain insight of the key offerings in the nectar market space
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https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholicbeverages/nectars-consumption/32054-11.html
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