The “Nonalcoholic Beverage Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Nonalcoholic Beverage market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
Global Nonalcoholic Beverage Market is anticipated to
reach USD 1.60 trillion by 2025. Nonalcoholic Beverage is also termed as
“Virgin drink”. Non-alcoholic beverages contain less than 0.5% alcohol. The
factors that drive the growth of the market include increasing awareness among
consumers toward proper health and well-being, changing lifestyle, influx of convenience
beverages. Furthermore, increasing focus on R&D among key players with
regards to low or zero-calories drinks is estimated to witness high growth in
the years to come.
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On the other hand, there are factors that may hamper the
growth of the market such as strict government rules and regulations related to
the ingredients in non-alcoholic beverages and increasing awareness regarding
among consumers regarding health hazards such as diabetes resulting out of
excessive consumption of non-alcoholic beverages. The market is anticipated to
grow at a significant CAGR of 5.8% in the upcoming period as the scope, product
types, and its applications are increasing across the globe.
Nonalcoholic Beverage Market may be explored by product,
distribution channel and geography. Market may be explored by products as
Functional Beverages, Carbonated Soft Drinks (CSDs), Sports Drinks, Fruit
Beverages, Bottled Water and other. The “Functional beverage” dominated the
Beverage Market in 2016 and anticipated to maintain its dominance by 2025.
Nonalcoholic Beverage Market may be explored by
distribution channel as Vending Machine Operations, Supermarkets and general
merchandisers, Convenience Stores & Gas Stations, Food Service &
Drinking Places, and Other. The “Supermarket and Convenience stores” segment
dominated the Nonalcoholic Beverage Market in 2016 and is anticipated to
maintain its dominance by 2025. Expanding food and beverage services comprising
fast-food joints, full-service restaurants, primary distribution channel, and
takeaway outlets, will upsurge the growth of this segment in the forecast
period.
North America accounted for the major share of the
Nonalcoholic Beverage Market Size in 2016 and will continue to lead in the
forecast period. Additionally, the increasing youth population, particularly in
emerging countries of Asia Pacific, is the major trend anticipated to alter the
drinking pattern in favor of non-alcoholic drinks. The population is actively trying
new flavors as refreshing substitutes. This is anticipated to predict healthy
growth for the Nonalcoholic beverage market in the forecast period.
Some of the key players that fuel the growth of the
Nonalcoholic Beverage Industry comprise Suja Life, LLC, Dr. Pepper Snapple
Group, FreshBev, PepsiCo, Inc., A.G. Barr, Dydo Drinco, Livewire Energy;
Calcol, Inc., Attitude Drinks, Co., Danone, Nestl S.A., and Kraft Foods Group,
Inc., and the Coca-Cola Company. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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