Non-alcoholic Beverages Market
The global non-alcoholic beverages market size is anticipated to rise
significantly on account of the current trend of health and fitness and the
rising inclination towards healthy beverages. As per a recent published report
by Fortune Business Insights titled, “Non-alcoholic
Beverages Market Size, Share & COVID-19 Impact Analysis, By Type
(Carbonated Soft Drinks, RTD Coffee & Tea, Bottled Water, and Fruit
Beverages), Distribution Channel (Supermarket/ Hypermarket, Food Services
Sector, Convenience Stores, Specialty Stores, and Online Retails), and Regional
Forecast, 2020-2027,” the value of this market was USD 919.13 billion in
2019 and is expected to rise at a CAGR of 8.20% between 2020 to 2027 to reach
USD 1,257.77 billion by the end of 2027.
The impact of the COVID-19 pandemic has been devastating.
The healthcare sector is facing a crisis of professionals and medical
facilities and is not able to suffice to the needs of the increasing patient
pool. Most of the regional and international businesses are also at halt owing
to the imposition of lockdown by the governments of various nations. We hope to
overcome this situation soon as various research and development centres are
focusing on the development of an antidote to fight the novel coronavirus.
We at Fortune Business Insights are offering
special insightful reports on the basis of various markets impacted by the
coronavirus pandemic. These reports
evaluate the pros and cons of the market and its future prospect. Such
information will help investors accordingly prepare for the future.
Click here to get the short-term and
long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/non-alcoholic-beverages-market-101927
List of Companies
Profiled in the Report:
·
Dr. Pepper Snapple Group, Inc.
(Texas, U.S.)
·
Monster Beverage Corp
(California, U.S.)
·
PepsiCo, Inc.
(New York, U.S.)
·
ITO EN Ltd (Tokyo, Japan)
·
The Coca-Cola
Company (Georgia, U.S.)
·
Reed’s, Inc. (Norwalk, U.S.)
·
The Kraft
Heinz Company (Chicago, U.S.)
·
Appalachian Brewing Co.
(Harrisburg, U.S.)
·
Nestle S.A. (Vevey, Switzerland)
·
Arca Continental SAB de CV
(Monterrey, Mexico)
· Others
The Report is based on the following factors:
·
A 360-degree overview of
the market focusing on drivers, restraints, challenges, and upcoming
opportunities
·
Nature of market and
list of key players operating in the market for non-alcoholic beverages
·
Detailed list of
segmentation with names and figures of leading segments
·
Future of the market
Gain More Insights into the Non-alcoholic
Beverages Market Research Report:
https://www.fortunebusinessinsights.com/industry-reports/non-alcoholic-beverages-market-101927
Drivers & Restraints-
Increasing Popularity of Refreshment Drinks to Aid
in Favor
The
increasing prevalence of various acute and chronic diseases have encouraged people
to adopt a healthy lifestyle. These habits include regular exercise and fitness
and consumption of nutritional food and beverage products. The rising
inclination towards healthy lifestyle and eating habits is the key factor
promoting the global non-alcoholic beverages market growth. In addition to
this, the increasing popularity of refreshment drinks and the advent of
innovative flavors and taste will add a boost to the growth of the market in
the forecast period.
On
the contrary, the fluctuating prices of raw materials to make non-alcoholic
beverages and fluctuation in its availability, especially for seasonal fruits
may cause major hindrance to the market in the coming years.
Nevertheless,
the evolution of e-commerce platforms and the rising production of soft drinks
to suffice to the needs of the consumers are likely to help the market witness
lucrative growth opportunities in the forthcoming years.
Segmentation-
Carbonated Soft Drinks Segment Emerged Dominant
Owing to its Refreshing Properties
Among
all segments in type, the carbonated soft drinks segment earned 39.80% share in
2019 and emerged dominant. This segment is holding the largest non-alcoholic
beverages market share on account of its refreshing properties and cost-efficiency.
Regional Analysis-
Asia Pacific Held Largest Shares Attributing to
Rising Disposable Income of People
Among
all regions, Asia Pacific held the largest non-alcoholic beverages market share
in 2019. This is attributable to the increasing modernization and adoption of western
habits among people that resulted in rise in expenditure on beverage products.
On the other side, the North American market earned USD 199.53 billion and will
showcase significant growth in the coming years on account of rising demand for
sports drinks and RTD beverages in the region. Besides this, the Europe market
will witness a notable growth on account of the decline in consumption of
alcoholic beverages and increasing popularity of ‘better-for-you” products,
thereby promoting the consumption of healthy soft drinks.
Order A Complete Research Report On Non-alcoholic Beverages
Market Report:
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Competitive Landscape-
Coca-Cola Company is Dominating Market Attributing
to Continuous Innovations
The
global market for non-alcoholic beverages is consolidated in nature on account
of the presence of a handful of players holding major shares such as Nestle
S.A., The Coca Cola Company, and PepsiCo Inc. Among these, the market is dominated
by the Coca-Cola Company accounting to the continuous innovations in their
beverage products. This includes VitaminWater range, probiotic drinks,
fermented drinks, and RTD beverages, among others. In March 2019, this company
launched a new drink of Jaljeera flavor into the Indian market. Other players
operating in this market are engaging and investing heavily on innovative
product launches to gain a competitive edge in the market competition. Some
others are engaging in collaborative efforts such as agreements and contracts, joint
ventures, and partnerships, to attract significant revenues to the market in
the coming years.
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