Non-alcoholic Drinks Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global non-alcoholic drink market size is expected to
reach USD 1.6 trillion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 5.3% over the forecast period. Rising
concerns over adverse effects associated with consumption of alcoholic
beverages are expected to expand the use of functional beverages as
alternatives. Moreover, increasing demand for healthy and nutritious on-the-go
beverages has propelled the demand for wide variety of natural beverages in the
market.
Functional
beverages are expected to expand at the fastest CAGR of 6.0% from 2019 to 2025.
Changing diet patterns among the young population owing to fast moving
lifestyle have fueled the demand for functional products such as probiotic
beverages. Moreover, these products are beneficial for improving gut health,
bones strength, and immunity of the body. They provide essential nutrition for
proper functioning metabolism and normal functioning of the body.
North
America led the market and accounted for a share of 34.5% in 2018. Over the
past few years, the major players of the region have been adopting marketing
strategies including innovative product launch and mergers and acquisitions in
order to cater to the increasing demand for natural, less sugary, and low
calorie content beverages.
For
instance, in January 2019, The Coca-Cola Company launched a new range of
sparkling cocktails under the brand name ‘Bar None’ in U.S. This product is
available in four flavor variants including Bellini Spritz, Sangria, Ginger
Mule, and Dry Aged Cider. The company has introduced these beverages as a best
alternative to the alcoholic beverages in the parties.
Further key
findings from the report suggest:
- By product,
soft drinks held the largest share of 24.3% in 2018
- The online
distribution channel is expected to expand at a CAGR of 5.6% from 2019 to
2025
- In terms of
revenue, North America accounted for the largest share of 34.5% in 2018
- Asia Pacific is
projected to expand at the fastest CAGR of 6.0% from 2019 to 2025 owing to
product innovation and establishment of partnerships with the distributors
located in developing countries including China and India
- Key players of
non-alcoholic drinks market include PepsiCo, Inc.; The Coca-Cola Company;
Danone S.A.; Starbucks Corporation; Nestle S.A.; Parle Agro; Suntory
Beverage & Food Limited; Keurig Dr Pepper Inc.; Red Bull Gmbh; and
Unilever.
Access full
research report on global non-alcoholic drink market:
www.grandviewresearch.com/industry-analysis/non-alcoholic-drinks-market
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Created on Oct 28th 2019 06:42. Viewed 321 times.