Australia Ready to Drink Beverages Market Report and Forecast 2025-2034

Australia Ready to Drink Beverages Market Outlook

The Australia ready to drink beverages market size reached USD 3,283.15 million in 2023. The market is expected to grow at a CAGR of 8.65% between 2024 and 2032, reaching almost USD 6,808.67 million by 2032.

Key Takeaways

• As per the Australian Bureau of Statistics, a total of 14.7 million tonnes of food and non-alcoholic drinks were retailed in Australia during 2020-21, spanning supermarkets, grocery outlets, convenience stores, speciality food shops, and fresh food markets.

• The USDA predicts that milk production in Australia for 2024 will rise by 0.6 per cent to reach 8.50 million metric tons (MMT), following a stabilization in 2023 at approximately 8.45 MMT, which will contribute to the growth of dairy-based beverages.

• In 2023, Archie Rose Distilling Co showcased its innovative spirit by introducing six new pre-mix cans, entirely crafted in Australia, showcasing whisky, gin, and vodka from their Fundamental Spirits collection.

Dairy-based beverages contribute to the Australia ready to drink beverages market growth, as they offer vital nutrients such as calcium, vitamin D, protein, and potassium, essential for bone health, muscle function, and overall health

Dairy-based beverages, including milkshakes, smoothies, and protein beverages, provide vital nutrients for bones and muscles, offering a convenient protein option, aid digestion, substitute meals, present a range of flavours, and assist in weight management.

Energy drinks increase energy and alertness with caffeine, taurine, and vitamins that improve physical performance with electrolytes and BCAAs while offering convenience on the go, a variety of flavours, mental focus support, portability, and alignment with lifestyle branding.

In 2023, Pepsi Lipton International introduced T2 Iced, a playful twist on classic teas, enhancing the drinking experience for any occasion.

Market Segmentation

Australia Ready to Drink Beverages Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• RTD Coffee

• RTD Tea

• Yogurt Drinks

• Flavoured and Fortified Water

• Energy Drinks

• Dairy-based Beverages

• Others

Market Breakup by Packaging

• Tin Can

• Sachet

• Tetra Pack

• Bottles

• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Stores

• Specialty Stores

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia ready to drink beverages market key players are PepsiCo Australia Holdings Pty Ltd, Nestlé Australia Ltd, Merlo Coffee Pty Ltd, First Press Coffee, and The KIND Coffee Co. among others.

Key Highlights of the Report