The global non-alcoholic drink market size is expected to reach USD 1.6 trillion by
2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 5.3% over the forecast period. Rising concerns over adverse effects
associated with consumption of alcoholic beverages are expected to expand the
use of functional beverages as alternatives. Moreover, increasing demand for
healthy and nutritious on-the-go beverages has propelled the demand for wide
variety of natural beverages in the market.
Functional beverages are expected to expand
at the fastest CAGR of 6.0% from 2019 to 2025. Changing diet patterns among the
young population owing to fast moving lifestyle have fueled the demand for
functional products such as probiotic beverages. Moreover, these products are
beneficial for improving gut health, bones strength, and immunity of the body.
They provide essential nutrition for proper functioning metabolism and normal
functioning of the body.
North America led the market and accounted
for a share of 34.5% in 2018. Over the past few years, the major players of the
region have been adopting marketing strategies including innovative product
launch and mergers and acquisitions in order to cater to the increasing demand
for natural, less sugary, and low calorie content beverages.
For instance, in January 2019, The
Coca-Cola Company launched a new range of sparkling cocktails under the brand
name ‘Bar None’ in U.S. This product is available in four flavor variants
including Bellini Spritz, Sangria, Ginger Mule, and Dry Aged Cider. The company
has introduced these beverages as a best alternative to the alcoholic beverages
in the parties.
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https://www.grandviewresearch.com/industry-analysis/non-alcoholic-drinks-market
https://www.grandviewresearch.com/industry-analysis/non-alcoholic-drinks-market
Further key findings from the report suggest:
· By product, soft drinks held the largest
share of 24.3% in 2018
· The online distribution channel is expected
to expand at a CAGR of 5.6% from 2019 to 2025
· In terms of revenue, North America
accounted for the largest share of 34.5% in 2018
· Asia Pacific is projected to expand at the
fastest CAGR of 6.0% from 2019 to 2025 owing to product innovation and
establishment of partnerships with the distributors located in developing
countries including China and India
· Key players of non-alcoholic drinks market
include PepsiCo, Inc.; The Coca-Cola Company; Danone S.A.; Starbucks
Corporation; Nestle S.A.; Parle Agro; Suntory Beverage & Food Limited;
Keurig Dr Pepper Inc.; Red Bull Gmbh; and Unilever.
Grand View Research has segmented the
global non-alcoholic drinks market on the basis of product, distribution
channel, and region:
Non-alcoholic Drinks Product Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Soft Drinks
·
Bottled Water
·
Tea & Coffee
·
Juices
·
Dairy Drinks
·
Functional Drinks
·
Others
Non-alcoholic Drinks Distribution Channel
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Offline
·
Online
Non-alcoholic Drinks Regional Outlook
(Revenue, USD Billion, 2015 - 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.
