valley cottage, NY -- (SBWire) -- 05/11/2018 --Market Outlook
Due to busy and arduous lifestyles, ready-to-drink (RTD) beverages have become popular amongst consumers. This demand is complemented with the demand for clean-label, gluten-free, low-calorie and low-carb products, which has led to the elevation of the low-calorie RTD beverages market in the food industry. The growth in the overall functional beverage market and increasing health consciousness amongst consumers has fuelled the growth of the low-calorie RTD beverages market. Many product launches with new flavor variants have recently been witnessed in the low-calorie RTD beverages market. Local players are also entering the low-calorie RTD beverages market which is expected to exhibit steady growth in the forecast period because artisanal and homemade functional beverages are trending amongst consumers, concurrently fuelling the growth of low-calorie beverages market. In January 2017, the company Diageo launched a low-calorie Seltzer under its brand Smirnoff. The company also offers these low-calorie RTD beverages which have also have low carbohydrates, zero-sugar and artificial sweeteners.
Reasons for Covering this Title
The functional beverage market is exploding with newer variants and the retail stores are fully occupied with these beverages. Low-calorie RTD beverages, clean-label beverages without artificial sweeteners, etc. are some of them. The low-calorie RTD beverages segment is stirring the functional beverage industry. Consumers are becoming more responsible towards their health and taking it into their own hands by opting for healthy drinks and low-calorie RTD beverages, as they offer a feasible solution for the consumers to stay healthy. Many low-calorie RTD beverage producers are aiming to include more nutritional information on the can/bottle labels, following the latest consumer buying strategies. The low-calorie RTD beverages are marketed with a health benefit tagline and this strategy has been adopted by many manufacturers in the low-calorie RTD beverages market. Key players, such as Diageo, are also focusing to expand their product offering in the health and wellness segment, which echoes the growing demand for low-calorie RTD beverages.
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Global Low-calorie RTD Beverages: Market Segmentation
On basis of beverage type, the low-calorie RTD beverages market is segmented as-
Alcoholic beverages
Cocktails
Vodka
Wine
Rum
Non-alcoholic beverages
Carbonated
Seltzers
Sparkling water
Non-carbonated
Tea & Coffee
Flavored/Infused water
Fruit juices
On basis of flavor, the low-calorie RTD beverages market is segmented as-
Fruits
Citrus fruits
Cranberry
Grapefruit
Others
Herbs & spices
On the basis of distribution channel, the low-calorie RTD beverages market is segmented as-
Direct
Indirect
Store-based retailing
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Discount stores
Traditional Grocers
Online Stores
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Examples of some of the key players operating in the low-calorie RTD beverages market are Diageo plc., Asahi Breweries, Ltd., Global Brands Limited, Bacardi Limited, Kold Group, PepsiCo, Inc., THE COCA-COLA COMPANY, SGC Global, LLC, Malibu Drinks, Herbal Water, Inc. and AB InBev (Spiked Seltzer), among others.
Low-Calorie RTD Beverages Market Value Share, Supply Demand, Share and Value Chain 2018-2028