San Francisco, 08 January, 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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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: 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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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/