Beverages - GCC | Statista Market Forecast

Value added in the Beverages market is projected to amount to US$641.9m in 2024.
A compound annual growth rate of 2.40% is expected (CAGR 2024–2029).
The value added per capita in the Beverages market is projected to amount to US$10.6 in 2024.
The value added margin in the Beverages market is projected to amount to 15% in 2024.
Output in the Beverages market is projected to amount to US$4.2bn in 2024.
A compound annual growth rate of 2.25% is expected (CAGR 2024–2029).
The output per enterprise in the Beverages market is projected to amount to US$3.7m in 2024.
The manufacturing intensity in the Beverages market is projected to amount to 0.2% in 2024.
The number of enterprises in the Beverages market is projected to amount to 1.16k in 2024.
A compound annual growth rate of 3.31% is expected (CAGR 2024–2029).
The enterprise density in the Beverages market is projected to amount to 19 in 2024.
The number of employees in the Beverages market is projected to amount to 42.92k in 2024.
A compound annual growth rate of 2.48% is expected (CAGR 2024–2029).
The employment rate in the Beverages market is projected to amount to 0.07% in 2024.
The labor efficiency in the Beverages market is projected to amount to US$98.7k in 2024.
The labor productivity in the Beverages market is projected to amount to US$15.0k in 2024.

Definition:

The Beverages market refers to the production of a wide range of non-alcoholic and alcoholic drinks, including water, soft drinks, fruit juices, tea, coffee, beer, wine, spirits, and other alcoholic beverages. The market is highly competitive, with manufacturers constantly seeking to develop new products and attract customers through branding, marketing, and product innovation. Despite the competition, the beverage industry remains a large and profitable sector of the global economy.

Additional information:

The market comprises value added, output, number of enterprises, number of employees, and the respective growth rates. Output refers to the total value of all goods produced, whereas value added is the sum of the intermediate stages of production or, in other words, the wealth created by industry activity. The market only displays B2B production.

Nonalcoholic beverages
Mineral water
Alcoholic beverages mainly through fermentation
Beer and wine
Distilled alcoholic beverages
Other categories listed within ISIC Division 11 as "included"

Production of fruit and vegetable juices
Milk-based drinks
Coffee, tea and mate products
Other categories listed within ISIC Division 11 as "excluded"

The manufacturing market has faced several challenges in recent years due to geopolitical uncertainty, supply chain disruptions, changing consumer preferences, and increasing regulatory scrutiny. However, several positive factors, such as rising global demand, ongoing technological advancements, and increasing investment in automation and digitalization, continue to influence the market, and the outlook for manufacturing remains positive.

While the Covid-19 pandemic has caused significant hardships for manufacturers, those that invested in digitalization and automation of their processes will be best positioned for long-term success. Manufacturers who can effectively balance cost pressures and maintain a strong focus on quality are likely to survive the current crisis and come out more resilient in the end.

Among the factors that could affect the manufacturing market in 2023 is the adoption of advanced technology, such as artificial intelligence, robotics, and the Internet of Things (IoT), which have the potential to improve overall efficiency and productivity while reducing costs.

Furthermore, our analysts believe that sustainability and environmental awareness will become increasingly important trends, as more investors and consumers prefer companies that prioritize these values and develop eco-friendly products.

Finally, geopolitical factors such as trade tensions and changes in government policies could also impact the manufacturing market in 2023, with the Russia-Ukraine war having the biggest impact.

In summary, the current environment presents both challenges and opportunities for the manufacturing market in 2023. However, with the right managerial strategies and high flexibility, companies can succeed and strengthen their long-term market position.

Data coverage:

The data encompasses B2B. Figures are based on the value added in the manufacturing market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting the manufacturing market due to the non-linear growth of this market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Industrial market, in a PDF format.

European countries create some of the world's most sought after wines. Nevertheless, the industry is currently experiencing some distress, facing headwinds from rising costs and changes in the drinking habits of consumers at home and abroad. The leading countries in Europe for wine are also some of the leaders in global production so their status affects the market as a whole. In 2023, the size of the European wine market reached nearly 75 billion U.S. dollars and is expected to remain largely flat in the coming years.