SIAL International Food Show (Shanghai) will be held on May 18-20, 2022 at the Shanghai New International Expo Center, with an exhibition area of 180,000 square meters and is expected to attract 4,500 exhibitors and more than 150,000 professionals from all over the world. Today, the small editor of THE SIAL International Food Exhibition (Shanghai) will explain in detail the market size and development trend forecast analysis of China's soft drink industry in 2021.
First, the market size
SIAL International Food Exhibition (Shanghai) Xiaobian calculated by retail sales, among the market size of soft drinks, the market size of packaged drinking water in 2019 accounted for the largest proportion of 2017 billion yuan. During the four-year period from 2015 to 2019, the three categories with the highest CAGR in market size were coffee beverages, functional drinks, and packaged drinking water. It is estimated that the market size of soft drinks will reach 1,106.6 billion yuan in 2021.
Second, the current situation of the market
1. The size of the packaged drinking water market
Packaged drinking water is divided into four categories: natural water, natural mineral water, pure drinking water, and other drinking water. The data shows that the market size of natural water and natural mineral water reached 44.1 billion yuan and 15.5 billion yuan respectively in 2019. This trend is expected to continue into 2021, and the overall market size can reach 247.6 billion yuan.
2. Tea beverage market size
According to relevant data, the size of China's tea beverage market in 2019 was 78.7 billion yuan. Tea beverages are divided into two categories: sugar-free tea beverages and sugary tea beverages, of which the sugary tea beverage market is larger, and the retail sales of sugary tea beverages in 2019 accounted for 94.8% of the overall retail sales of tea beverages. Driven by the increased health awareness of Chinese consumers, the retail sales of sugar-free tea beverages continue to grow rapidly, and the market share of tea beverages is expected to rise to 84.4 billion yuan in 2021.
3. Juice beverage market size
In terms of retail sales, the size of China's juice beverage market in 2019 was 143.5 billion yuan. There are three fruit juice concentrations for juice drinks: pure fruit juice, medium concentration juice and low concentration fruit juice. Among them, low-concentration juice has the largest market share. It is estimated that the market size of juice drinks can reach 149.9 billion yuan in 2021.
4. Functional beverage market size
Functional beverages mainly include energy drinks, sports drinks and nutrient drinks, of which the energy drink market is the largest. The small editor of the International Food Exhibition expects that the overall market size of functional beverages can reach 133.9 billion yuan in 2021.
Third, the future development trend
1. Enhancement of health awareness
With the increase of health awareness, consumers tend to choose packaged drinking water from high-quality natural water sources, containing natural mineral elements, and low-calorie, low-sugar and other beverages.
2. The continuous upgrading of consumption
As income levels and purchasing power continue to rise, consumers are less sensitive to price when choosing products, and pay more attention to product quality, taste and convenience. The increase in consumer demand for differentiation has driven more consumption of high-quality products.
3. Acceleration of the process of urbanization
The process of urbanization is conducive to raising the income level and bringing consumption habits closer to urban residents, effectively stimulating consumer demand for high-quality products. The process of urbanization has also provided consumers with more channels to purchase products.
4. Sales channels are becoming increasingly diversified
Increasingly diversified sales channels, such as convenience stores, e-commerce platforms, vending machines, etc., have increased the convenience of consumers to purchase products, thereby increasing the frequency of product consumption.
About the forecast analysis of the market size and development trend of China's soft drink industry in 2021, the small editor of SIAL International Food Exhibition (Shanghai) will share here, if you want to know more about the food and beverage industry, welcome to SIAL International Food Exhibition (Shanghai) to visit and exchange. SIAL International Food Exhibition (Shanghai) is one of the three major food exhibitions in the world, the annual World Food Industry Chain Conference, sponsored by the French Gaomei Aibo Exhibition Group and its subsidiary Beijing Aiboccia Exhibition Co., Ltd., and held in Pudong, Shanghai, China every May. Since landing in China in 2000, SIAL China Series International Food Exhibition has attracted 40,000 exhibitors from more than 70 countries and regions around the world, with exhibits covering 21 categories such as beverages, dairy products, leisure foods, convenience foods, grains, oils, fruits, vegetables, meat ingredients, condiments, etc., and professional visitors from more than 100 countries and regions around the world, covering food importers and exporters, distributors, wholesale and retailers, supermarkets and comprehensive stores, hotel catering and other fields, with more than 1 million people. We look forward to welcoming you on May 18-20, 2022 at the Pudong New International Expo Centre in Shanghai.
Source: China Commercial Industry Research Institute Infringement please contact to delete