The global non-alcoholic beverage market size is expected to
reach USD 1.60 trillion by 2025, expanding at a CAGR of 5.8%, according to a
new report by Grand View Research, Inc. Rising societal awareness toward
serious health problems is acting as the biggest driver for market. The
industry is reshaping itself by changing the orientation from carbonated soft
drinks to non-nutritive low-calorie beverages.
Various studies and research
have proved that obesity is linked to higher consumption of CSDs. This has led
to the development of calorie-free or low-calorie drinks, such as functional
beverages, bottled water, and fruit beverages. Childhood obesity rate for the
age groups of 2-5 and 12-19, has doubled in past 30 years in the U.S. The
government is also trying to reduce the sales and consumption of drinks made
from nutritive sweeteners by imposing sugar taxes.
Stringent government
regulations for labeling, listing the ingredients used, etc. in developed
countries are expected to restrain the market growth. On the other hand,
initiatives to attract the global players by increasing foreign investments,
trade promotion, and economic subsidies in the developing economies are
expected to foster the industry growth.
New product launches, as a
result of the product line extension, have enabled customers to select
application-specific offerings from a wide variety of options. The widening
distribution channels have led to easy product availability, which has been a
key industry driver in the past. Marketing and advertising plays the most
important role in organizational sales and sustainability. Trade promotion,
advertising, sales promotion, and public relations are the main promotional
activities employed by the key players.
For full research report on Non-Alcoholic Beverage Market visit here:
https://www.grandviewresearch.com/industry-analysis/nonalcoholic-beverage-market
Further Key Findings from The Report
Suggest:
- The global non-alcoholic beverage market was valued at USD 967.3
billion in 2016. The market is projected to grow at an estimated CAGR of
5.8% over the forecast period.
- Carbonated soft drinks occupied the highest market share in 2016
owing to its high market penetration
- North America accounted for the largest market for non-alcoholic
beverage industry in 2016 owing to the presence of developed economy and
high standard of living
- Functional beverages are expected to emerge as the fastest growing
product segment in the market on account of high demand for ready to drink
coffee and tea, relaxation drinks, and energy drinks
- The key players include PepsiCo, Inc., The Kraft Heinz Company, Dr.
Pepper Snapple Group, Inc., The Coca-Cola Company, and Nestle S.A.
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here: https://www.grandviewresearch.com/industry-analysis/nonalcoholic-beverage-market/request/rs1
Grand View Research has segmented the global
non-alcoholic beverage market on the basis of product, distribution channel,
and region:
Non-Alcoholic Beverage Product
Outlook (Volume, Billion Liters; Revenue, USD Billion;
2014 - 2025)
- Carbonated Soft Drinks (CSDs)
- Fruit Beverages
- Bottled Waters
- Functional Beverages
- Sports Drinks
- Other
Non-Alcoholic Beverage Distribution
Channel Outlook (Volume, Billion Liters; Revenue, USD Billion;
2014 - 2025)
- Supermarkets and general merchandisers
- Food Service and Drinking places
- Gas Stations and Convenience Stores
- Vending Machine Operations
- Other
Non-Alcoholic Beverage Regional
Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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