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 February 12, 2019 - 7:10 AM EST
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Nonalcoholic Beverage Market to be Driven by Rising Consumer Awareness Toward Proper Health & Well-Being Till 2025 | Million Insights
Nonalcoholic Beverage Market to be Driven by Rising Consumer Awareness Toward Proper Health & Well-Being Till 2025 | Million Insights

FELTON, California, Feb. 12, 2019 /PRNewswire/ -- Global Nonalcoholic Beverage Market is anticipated to reach USD 1.60 trillion by 2025. Nonalcoholic Beverage is also termed as "Virgin drink". Non-alcoholic beverages contain less than 0.5% alcohol. The factors that drive the growth of the market include increasing awareness among consumers toward proper health and well-being, changing lifestyle, influx of convenience beverages. Furthermore, increasing focus on R&D among key players with regards to low or zero-calories drinks is estimated to witness high growth in the years to come.

On the other hand, there are factors that may hamper the growth of the market such as strict government rules and regulations related to the ingredients in non-alcoholic beverages and increasing awareness regarding among consumers regarding health hazards such as diabetes resulting out of excessive consumption of non-alcoholic beverages. The market is anticipated to grow at a significant CAGR of 5.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Nonalcoholic Beverage Market may be explored by product, distribution channel and geography. Market may be explored by products as Functional Beverages, Carbonated Soft Drinks (CSDs), Sports Drinks, Fruit Beverages, Bottled Water and other. The "Functional beverage" dominated the Beverage Market in 2016 and anticipated to maintain its dominance by 2025.

Browse 145 page research report with TOC on "Global Nonalcoholic Beverage Market" at: https://www.millioninsights.com/industry-reports/nonalcoholic-beverage-market

Nonalcoholic Beverage Market may be explored by distribution channel as Vending Machine Operations, Supermarkets and general merchandisers, Convenience Stores & Gas Stations, Food Service & Drinking Places, and Other. The "Supermarket and Convenience stores" segment dominated the Nonalcoholic Beverage Market in 2016 and is anticipated to maintain its dominance by 2025. Expanding food and beverage services comprising fast-food joints, full-service restaurants, primary distribution channel, and takeaway outlets, will upsurge the growth of this segment in the forecast period.

North America accounted for the major share of the Nonalcoholic Beverage Market Size in 2016 and will continue to lead in the forecast period. Additionally, the increasing youth population, particularly in emerging countries of Asia Pacific, is the major trend anticipated to alter the drinking pattern in favor of non-alcoholic drinks. The population is actively trying new flavors as refreshing substitutes. This is anticipated to predict healthy growth for the Nonalcoholic beverage market in the forecast period.

Some of the key players that fuel the growth of the Nonalcoholic Beverage Industry comprise Suja Life, LLC, Dr. Pepper Snapple Group, FreshBev, PepsiCo, Inc., A.G. Barr, Dydo Drinco, Livewire Energy; Calcol, Inc., Attitude Drinks, Co., Danone, Nestl S.A., and Kraft Foods Group, Inc., and the Coca-Cola Company. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Browse reports of similar category available with Million Insights:

Market Segment:

  • 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

 -  U.S.

    • Europe

Germany

-  UK

France

    • Asia Pacific

China

India

Japan

    • Central & South America
    • Middle East & Africa

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

 

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Source: PR Newswire (February 12, 2019 - 7:10 AM EST)