San Francisco, 28 March, Nonalcoholic Beverage Market
Analysis By Product (CSD, Fruit Beverages, Bottled Water, Functional Beverages,
Sports Drinks), By Distribution Channel, And Segment Forecasts, 2018 – 2025.
The global nonalcoholic beverage market is
expected to reach USD 1.60 trillion by 2025, according to a new report by Grand
View Research, Inc. Rising societal awareness toward serious health problems is
acting as the biggest driver for nonalcoholic beverage 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.
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Research Report On Nonalcoholic Beverage Market Analysis:
Further Key Findings from The Report
Suggest:
·
The global nonalcoholic
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 nonalcoholic 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.
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has
segmented the global nonalcoholic beverage market on the basis of product,
distribution channel, and region:
Product
Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - 2025)
·
Carbonated Soft Drinks (CSDs)
·
Fruit Beverages
·
Bottled Waters
·
Functional Beverages
·
Sports Drinks
·
Other
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
Regional
Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-nonalcoholic-beverage-market
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.
For more
information: www.grandviewresearch.com/
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