Global Non-Alcoholic Beverage Market Projected To Reflect A CAGR Of 4.4% During 2017-2027
The worldwide inclination of individuals for good health has prompted manufacturers to transform from alcoholic drinks to non-alcoholic beverages included value added waters, which has directed the prominent market players towards focusing on new product launches to meet the altering customer tastes.
The worldwide market for non-alcoholic beverages is likely to witness a broad evaluation of the billion-dollar and is estimated to record a CAGR of 4.4% over the time frame of 2017-2027.
The market is fueled by altering consumer preferences and lifestyles, the requirement by the rising population in addition to a rise in high earnings.
Customer knowingness in relation to the health effects by artificial means of the sweetened beverages as well as government regulations for components usage in beverages is accounted to represent some major restraints on the overall market growth.
The worldwide non-alcoholic beverage segment has a few good prospects in the market globally.
For example, an incursion in the developing market as well as different demography and advanced drink products through Zero or low artificial sweeteners.
The non-alcoholic beverages business covers LRB (liquid refreshment beverages) for example carbonated soft drinks, fruit beverages, energy drinks, ready-to-drink tea and coffee, value added water and sports beverages.
These are sourced from vegetables, fruits, cereals, coffee, tea, cocoa/chocolate, milk, microbial extracts, plant extracts/herbal extracts, soybean, nuts, colorants, floral extracts, flavors, sweeteners, preservatives, water, H3, and CO2.
These drinks in hospitality industries are generally served and provided as a dinner, lunch and breakfast with or with no meal to the consumer, such as juice, squash, hot chocolate, etc, and are also utilized while making mock-tails and cocktails.
In volume CAGR terms, both North America and Asia Pacific are poised to see an expansion pace of 3.9% throughout the estimated period.
The worldwide market is majorly concerted in these 2 regions, with APAC likely to touch a market evaluation over $650-B towards Y 2027 end along with North America to exceed $600-B by Y 2027.
Expect APAC will record a 4.6% value CAGR, North America will register 4.7% throughout the assessment frame.
There are numerous non-alcoholic beverages that are offered by manufacturers in the market globally in several varities.
For example, carbonated (low sugar/sugar free drinks, low/zero calorie drinks, aerated drinks and others), non-carbonated (fermented drinks, plant extract juices, vegetable juice and fruit juice), RTD beverage (RTD coffee and RTD tea), hot drinks (coffee, tea and others), sports and energy drinks and specialty drinks such as fruit and vegetable punch, dairy based beverages, functional beverages and sherbet and other local drinks.
The foremost market players active in the worldwide market are The Coca-Cola Co, PepsiCo Inc, Dr Pepper Keurig, Suntory Beverage & Food Ltd, ITO EN Ltd, Arca Continental SAB de CV, Monster Beverage Corp, Uni-President China Holdings Ltd, Refresco Group NV, Embotelladora Andina SA, Lotte Chilsung Beverage Co.Lts, Britvic Plc, DyDo Group Holdings Inc, Kagome Co.Ltd, Tata Global Beverages Ltd, Lassonde Industries inc, Fomento Economico Mexicano SAB de CV, Massimo zanetti Beverage Group SpA, Organizacion Cultiba SAB de CV, Fraser & Neave Holdings Bhd, and other smaller regional and local producers.
Eat healthy, Be healthy, Live lively