Non-Alcoholic Beverages Market to Grow at a Higher Rate

The Business Research Company’s global non-alcoholic beverages market, covers the year-on-year growth of the global non-alcoholic beverages historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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https://www.thebusinessresearchcompany.com/report/non-alcoholic-beverages-global-market-report

The global non-alcoholic beverages market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.

Non-Alcoholic Beverages Trends:

Increasing demand for fortified water, novel packaging in developed and developing countries and growing popularity of health beverages in youth and working class population are the major trends witnessed in the global non-alcoholic beverages market.

Soft Drink & Ice was the largest segment in the non-alcoholic beverages market accounting for 70% of the market. This was mainly due to the presence of a large number of soft drink manufacturing companies in both developed and developing countries. This segment includes establishments that manufacture soft drinks, artificially carbonated water and ice in the form of blocks or cubes.

The global non-alcoholic beverages is primarily driven by increase in demand for non-alcoholic beverages due to, rising disposable income, lifestyles changes, increasing health awareness and changing consumer preferences in many countries globally.

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The global non-alcoholic beverages market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increasing urban and middle-class population, rising disposable income in emerging countries in Asia and Africa, increasing availability of soft drinks, juices and energy drinks in retail stores, increasing consumption of high end coffee through coffee shops, decreasing prices of non-alcoholic drinks and growing acceptance of sugar-free non-alcoholic drinks in developed countries such as the US the global non-alcoholic beverages is expected to increase in potential and scope. TBRC’s report also covers the global non-alcoholic beverages market report drivers and restraints in the market.

The global non-alcoholic beverages market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global nonalcoholic beverages report are PepsiCo, Coca-Cola, Nestlé, Suntory Holdings Limited, Red Bull GmbH.

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