Non-Alcoholic Beverage Market Overview
Non-alcoholic beverages are the ones which do not contain alcohol. These beverages hydrate; some provide important nutrients and vitamins the body needs. Others energize, provide required sugar and calories. Other uses of Non-alcoholic beverage in hotels are for the use of making cocktails and mocktails, as they stimulate the plate & act as an aperitif. They are found in different forms like in packet, bottle, canned, pressured container etc. some example of beverages are e.g. aerated waters, mineral water, juices, squashes, syrups, tonic, soda, Pepsi, coke, root beer etc.
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The significant driver is change in consumer shifts in the food and beverages segment and the rising spending of populations in non-alcoholic drinks attributed to increasing per-capita incomes. Also surge in the health concerns has led a large chunk of population in developed and developing regions to prefer non-alcoholic over alcoholic drinks in developed and developing nations is boosting the industry. Also growing food and beverage industries are further expected to boost this industry.
Non-Alcoholic Beverage Market Forecast Report (2018-2023)
Global Non-Alcoholic Beverage Market is worth USD 1678.5 billion in 2018 and estimated to grow at a CAGR of 4.4%, to reach USD 2081.73 billion by 2023.
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Non-Alcoholic Beverage Market Segmentation
The global Non-Alcoholic Beverage market is segmented on the basis of product type, distribution channel and region. Based on product type, the market is segmented into soft drinks, dairy drinks, tea & coffee, bottled water, juice, and others. Soft drinks segment has nearly covered 30% of the market share. Tea & coffee segment is expected to grow with highest rate and is identified as one of the profitable targets for investment. Based on distribution channel, the market is segmented into Specialty Stores, Online Store, Super Markets/ Hyper Markets, Convenience Stores, Departmental Stores and Others.
Geographically, the Non-Alcoholic Beverage market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and beat North America, being the second largest shareholder for the market during the forecast period.
Major Players:
The major companies dominating this market for its products and services are
- A.G. Barr,
- Dr. Pepper Snapple Group,
- Dydo Drinco,
- Attitude Drinks, Co.,
- Livewire Energy;
- Calcol, Inc.,
- Danone,
- Nestle S.A.,
- PepsiCo, Inc.,
- Coca-Cola Company
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