Non-Alcoholic Beverage Market By Product (Carbonated Soft Drinks (CSD), Fruit Beverages, Bottled Water, Functional Beverages, and Sports Drinks), By Distribution Channel (Super Markets & General Merchandisers, Food Service & Drinking Places, Gas stations & Convenience Stores, Vending Machine Operations, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global demand for non-alcoholic beverage market was valued at approximately USD 1,157.31 billion in 2017 and is expected to generate revenue of around USD 1,650.28 billion by the end of 2024, growing at a CAGR of around 5.2% between 2018 and 2024.

11-Jun-2018 | Number of pages: 110 | Report Code: ZMR-3013 | Report Format : | Status : Published

Analysis

Rising consumption of energy drinks due to the hectic schedule, urbanization, and growing increasing health- related concerns is predicted to drive the non-alcoholic beverage market growth over the forecast period. Increased awareness about Wwellness and hHealth and wellness have significantly posed areis expected to  positively impact on the food and beverages industry. Rising awareness regarding various health problems associated with alcohol will influence the consumers to switch towards non-alcoholic drinks. vVarious international and national regulatory authorities are involved in regulating The non-alcoholic beverage industry is regulated by various international and national regulatory authorities across the world. Moreover, growing concerns towards obesity and other health- related issues will stimulate the demand for non-alcoholic beverages. Consumer preference for functional beverages, such as energy drinks, and ready to drink coffee and tea, is also gaining popularity due to low-calorie content..  

Many industry players have been considering Wwater management as an is essential segment of their in terms of operations., Increasing government policies coupled with rising awareness levels among people for environment & energy conservation has resulted in environment protection policies. For instance, The Clean Water Act, The Clean Air Act, and The Resource Conservation and Recovery Act are various regulatory frameworks in food and beverage industry that are proposed for environment and energy conservation.as it is Since it is also associated with the quantity of water being used in beverages, its use in water-scarce region, and disposal or treatment of wastewater in operations, is also a growing concern for non-alcoholic beverage industries. Moreover, I increasing government policies coupled with rising awareness levels among people societal awareness levels towards for environment & energy conservation have has resulted in environment protection policies stringent emission. and environment protection policies. For instance, The Clean Water Act, The Clean Air Act, and The Resource Conservation and Recovery Act are various regulatory frameworks in food and beverage industry that are proposed for environment and energy conservation. Such initiatives by the government are expected to drive industry growth over the forecast period.  As per Department of Economic and Social Affairs, U.S., in 2012, about 1.5 million people globally were added to urban population every week. Roughly 60% of the global population will reside in urban areas by 2022, which is expected to drive business growth.    

Global Non Alcoholic Beverage Market

Based on product, the global non-alcoholic beverage market is segmented into carbonated soft drinks (CSD), fruit beverages, bottled water, functional beverages, sportsand sports drinks. On the basis of distribution channel, the market is segmented into super markets & general merchandisers, food service & drinking places, gas stations & convenience stores, vending machine operations, and others.

North America held the major revenue share of the global non-alcoholic beverage market in 2017 and the region is anticipated to continue the trend over the forecast period. The growth of this regional market is attributed due to the high acceptance of soda products and the existence of developed economies in the region. Furthermore, the presence of well- known beverage manufacturers such as Coca-Cola and PepsiCo in the region will further drive industry growth. Asia-Pacific is expected to witness the fastest growth, due to increasing disposable income of people and growing awareness among people regarding healthy food consumption. 

Some of the key players in the non-alcoholic beverage market includes PepsiCo, Dr. Pepper Snapple Group, The Coca-Cola Company, Nestle S.A., Reed’s, Jones Soda Co., Dr. Pepper Snapple Group, The Kraft Heinz Company, Reed’s, Nestle S.A., Appalachian Brewing Co., Jones Soda Co., and Molson Coors Brewing Company. Industry players are engaged in promoting e-commerce channel due to technological advancement and increased adoption rate of smartphonesSsmartphone’s. Consumer preference for healthy beverages influences industry players to re-examine their product strategy and launch products for next-generation millennial consumers. 


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