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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or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/nonalcoholic-beverage-market
http://www.grandviewresearch.com/industry-analysis/nonalcoholic-beverage-market
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.
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
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