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 6224.50 Million in 2020 and is projected to reach USD 10151.07 Million by 2028, growing at a CAGR of 6.59% from 2021 to 2028.

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.

Latin America Juice, Nectar And Still Drinks Market Definition

Think of it this waynectar is the sweet stuff plants make, and juices are what you get straight from squeezing fruits and veggies. See, nectar comes from flowers, while juices come from, well, you know! Then there are still drinks, those super tasty and refreshing beverages that pack a fruity punch. They're usually a mix of cool ingredients, boasting all sorts of flavors and vitamins. And the best part? Juice, nectar, and still drinks are all non-alcoholic, made mainly because they're good for you. These drinks are like a little boost for your immune system, loaded with health benefits. So, naturally, they're popular! With everyone getting more health-conscious, the market for them is booming. Plus, you've got big companies and smaller shops offering a huge range of options.

Latin America Juice, Nectar And Still Drinks Market Overview

Hey, guess what's booming in Latin America? It's the Juice, Nectar, and Still Drinks Market! Why? Because everyone's trying to be healthier and these drinks are seen as a great way to get those good-for-you nutrients. We're talking fruit and vegetable juices, of course! With worries about obesity and chronic diseases on the rise in Latin America – seriously, it's a major health issue – people are making changes. Plus, the population is getting older, and chronic diseases are expensive to treat. Obesity alone affects over 56% of adults in the region! So, folks are looking for healthier options. Now, there's a catchthe high price of these juices can be a real downer. Those juices packed with nutrients often use fancy techniques like cold-pressing. And organic ingredients? Those push the prices even higher. It's a struggle between wanting to be healthy and keeping your wallet happy!

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 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 MarketSegmentation 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

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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-

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.

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