The global beverage industry includes various online beverage chains and offline beverage chains. The beverage industry includes the companies working in processing raw beverage materials, packaging, and distribution which include prepared beverage and packaged products, along with alcoholic and non-alcoholic beverages. The primary factors for the growth of the beverages industry before COVID-19 pandemic includes the rise in the number of on the go consumers and increased adoption of ready to use beverage products. Further, steadily increasing population and per capital income and changing lifestyle were other growth-enhancing factors of the beverages industry. However, the key factors that affect the beverage industry after the pandemic include the shutdowns of the restaurants and other seating areas.

The global beverage industry report is segmented based on online beverage chains and offline beverage chains. The outbreak of COVID-19 had a dual impact on these segments. That includes the offline beverage chains that are restaurants and cafes that are entirely shut down in some regions, whereas, online products deliveries are available. In addition, packaged beverage industries are witnessing an upsurge in the demand, such as shelf-stable beverages including milk products, as consumers rush to stock the pantries. The novel COVID-19 has impacted the beverage industry in almost all regions including North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific and Europe are the largely impacted region across the globe. This is attributed to most of the cases recorded in the regions especially in the countries including Italy, Spain, Germany, France in Europe, and China, Japan, and South Korea in Asia-Pacific. The Chinese government has shut all the restaurants and cafes in the country. Apart from the beverage chains, the supply chain has been largely impacted by the pandemic COVID-19, as there is a disruption in the supply chain. For instance, Coca Cola Co. experienced delays in its raw material supply from china as a result of industrial stalls related to the spread of COVID-19 in China. The company sources sucralose from both the US and China, however, has flagged that Chinese suppliers have experienced delays in production and export.

Leave a Reply

Your email address will not be published.

Open chat
Hi!, how can I help you?