Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Billion |
|---|---|
| 2018 | 7.955456235683167 USD Billion |
| 2019 | 8.702265634559573 USD Billion |
| 2020 | 7.942243282455906 USD Billion |
| 2021 | 8.885869418668781 USD Billion |
| 2022 | 9.1014042869045 USD Billion |
| 2023 | 9.33114848529608 USD Billion |
| 2024 | 9.58129121586864 USD Billion |
| 2025 | 9.853643515934852 USD Billion |
| 2026 | 10.150228203678306 USD Billion |
| 2027 | 10.473308479708535 USD Billion |
| 2028 | 10.98888603483335 USD Billion |
| 2029 | 11.550691816370186 USD Billion |
| 2030 | 12.163881683143089 USD Billion |
| 2031 | 12.83430387209642 USD Billion |
| 2032 | 13.568621889967856 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
The non-alcoholic beverage market in China is projected to experience rapid growth over the next ten years, driven by an increase in consumer interest in health and wellness, as well as a growing population that increasingly seeks out convenience and on-the-go options. In particular, the Chinese non-alcoholic beverage industry is being driven by the rising popularity of functional drinks, tea beverages, fruits and vegetable juice beverages, and other nutrient-packed offerings. These drinks cater to a health-conscious consumer base that places a premium on both convenience and the quality of their food and beverage consumption decisions. Ambient, shelf-stable beverages and natural sweeteners are growing in popularity in the Chinese non-alcoholic beverage market, as an increasing number of consumers seek longer-lasting beverage options that fit in with their busy lifestyles. Additionally, plant-based non-alcoholic beverages such as kombucha, energy drinks, and nut-based drinks are becoming popular amongst health-conscious consumers. In the near future, it is expected that Chinese consumers will increasingly demand more premium non-alcoholic beverage offerings such as functional drinks, tea beverages, superjuices, and protein drinks. Snack bars and powder-based drinks will also become increasingly popular, as Chinese consumers seek new and unique flavors and ingredients.
Manufacturers in the Chinese non-alcoholic beverage market will benefit from a trend away from sugary, carbonated drinks, and towards healthier, functional beverages. Furthermore, as health-conscious consumers look to adapt their beverage choices to their lifestyle needs, the demand for more convenient and on-the-go options is expected to increase. As such, the non-alcoholic beverage market in China is anticipated to experience substantial growth over the next decade. By 2032, manufacturers in the Chinese non-alcoholic beverage market should be well-positioned to capitalize on the consumer trend away from unhealthy beverage options and towards nutritious, convenient discovery beverages that meet consumer values.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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