Non-Alcoholic Beverage Market
Global Non-Alcoholic Beverage Market is worth USD 1540billion in 2016 and estimated to grow at a CAGR of 4.4%, to reach USD 1909 billion by 2021.
Global Non-Alcoholic Beverage Market is worth USD 1540billion in 2016 and estimated to grow at a CAGR of 4.4%, to reach USD 1909 billion by 2021.
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<strong>Non</strong>-<strong>Alcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> By Product Type (Soft Drinks, Bottled Water,<br />
Tea & Coffee, Juice, Dairy Drinks) And Forecasts (2016–2021)<br />
Global <strong>Non</strong>-<strong>Alcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> is worth USD 1540billion in 2016 and estimated to<br />
grow at a CAGR of 4.4%, to reach USD 1909 billion by 2021. The global <strong>Non</strong>-<strong>Alcoholic</strong><br />
<strong>Beverage</strong> market is developing at an exceptionally quick pace.<br />
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<strong>Non</strong>-alcoholic beverages are the ones which do not contain alcohol.These beverages<br />
hydrate, some provide important nutrients and vitamins the body needs. Others energize,<br />
provide required sugar and calories. Other uses of <strong>Non</strong>-alcoholic beverage in hotels are for<br />
the use of making cocktails and mocktails, As they stimulate the plate & act as an aperitif.<br />
They are found in different forms like in packet, bottle, canned, pressured container etc. some<br />
example of beverages are e.g. aerated waters, mineral water, juices, squashes, syrups, tonic,<br />
soda, pepsi, coke, root beer etc.<br />
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The significant driver is change in consumer shifts in the food and beverages segment and<br />
the rising spending of populations in non-alcoholic drinks attributed to increasing per-capita<br />
incomes. Also surge in the health concerns has led a large chunk of population in developed<br />
and developing regions to prefer non-alcoholic over alcoholic drinks in developed and<br />
developing nations is boosting the industry. Also growing food and beverage industries are<br />
further expected to boost this industry.<br />
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The global <strong>Non</strong>-<strong>Alcoholic</strong> <strong>Beverage</strong> market is segmented on the basis of product type,<br />
distribution channel and region. Based on product type, the market is segmented into soft<br />
drinks, dairy drinks, tea & coffee, bottled water, juice, and others. Soft drinks segment has<br />
nearly covered 30% of the market share. Tea & coffee segment is expected to grow with<br />
highest rate and is identified as one of the profitable targets for investment. Based on<br />
distribution channel, the market is segmented into Specialty Stores, Online Store, Super<br />
<strong>Market</strong>s/ Hyper <strong>Market</strong>s, Convenience Stores, Departmental Stores and Others.<br />
Geographically, the <strong>Non</strong>-<strong>Alcoholic</strong> <strong>Beverage</strong> market is segmented into North America,<br />
Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to<br />
constitute the largest share in this market, while the Asia Pacific region is expected to witness<br />
the fastest growth and beat North America, being the second largest shareholder for the<br />
market during the forecast period.<br />
A.G. Barr, Dr. Pepper Snapple Group, Dydo Drinco, Attitude Drinks, Co., Livewire Energy;<br />
Calcol, Inc., Danone, Nestle S.A., PepsiCo, Inc., and the Coca-Cola Company are the leaders<br />
in the global <strong>Non</strong>-<strong>Alcoholic</strong> <strong>Beverage</strong> market.<br />
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