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The global beverage market is evaluated at US$1,544.610 billion for the year 2018 and is projected to grow at a CAGR of 3.10% to reach the market size of US$1,854.589 billion by the year 2024. Growing demand for flavored beverages in food and beverage industries is expected to proliferate growth of the global beverage market in the near future. In addition, increasing preferences for various beverages among individuals across the globe, owing to high disposable income, rapid urbanization, and changing lifestyle are some factors expected to burgeon growth of the global market.
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