Market Data Forecast

The Global Non-Alcoholic Beverage Market Is Developing at an Exceptionally Quick Pace Owing to Change in Consumer Shifts

Global Non-Alcoholic Beverage Market is projected to reach USD 1909 billion by 2021, with North America at the center of growth

 

Hyderabad, India -- (SBWIRE) -- 02/22/2018 -- The report "Non-alcoholic beverages Market by Product Type (Soft Drinks, Bottled Water, Tea & Coffee, Juice, Dairy Drinks),by Distribution Channel(Specialty Stores, Online Store , Super Markets/ Hyper Markets, Convenience Stores, Departmental Stores And Others) - Forecast to 2021", The Non-alcoholic beverages market is expected to reach USD 2388 Billion by 2021 from an estimated USD 1671 Billion in 2016, at a CAGR of 5.2%. The key factors such as change in consumer shifts in the food and beverages segment, surge in the health concerns has led a large chunk of population in developed and developing regions to prefer non-alcoholic over alcoholic drinks in developed and developing nations is boosting the industry. Also growing food and beverage industries are further expected to boost this industry.

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By product type, the Soft drinks accounted for the largest share of the market in 2016
On the basis product type, the Non-alcoholic beverages market is segmented into soft drinks, dairy drinks, tea & coffee, bottled water, juice, and others. Soft drinks segment has nearly covered 30% of the market share. The Tea & coffee segment is expected to grow with highest rate and is identified as one of the profitable targets for investment Growth in this segment is mainly driven by the increase in healthy substitutes for alcoholic beverages for health concerns.
By distribution, the online stores and convenience store accounted for the largest share of the market in 2016

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On the basis on distribution channel, the market is segmented into Specialty Stores, Online Store, Super Markets/ Hyper Markets, Convenience Stores, Departmental Stores and Others. And Online store and Convenience has a huge chuck of the profit share in the market. Since it is handy for consumers get lured by advertisement keeping health concerns as prime objective.
North America dominated the market in 2017

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North America accounted for the largest share of the Non-alcoholic beverages market in 2016, followed by Asia Pacific. The large share of the North American Non-alcoholic beverages market can be attributed to the growth shift towards Non-alcoholic beverages incidence to health concerns.
The various players in the Non-alcoholic beverages market A.G. Barr, Dr. Pepper Snapple Group, Dydo Drinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestle S.A., PepsiCo, Inc., and the Coca-Cola Company

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