Non-Alcoholic Beverage Market Growth, Trends, And Forecasts (2019 – 2024)
The report presents an in-depth assessment of the Non-Alcoholic Beverage including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Non-Alcoholic Beverage investments from 2019 till 2024.
The non-alcoholic beverage market is forecasted to reach USD 1252.54 billion by 2024, registering a CAGR of 4.7% during the forecast period (2019 – 2024).
The Non-Alcoholic Beverage market is highly competitive and consists of a number of major players. Top Companies like PepsiCo, Inc., The Coca-Cola Company, Danone S.A., Nestle S.A., Red Bull Gmbh, Keurig Dr Pepper Inc., Parlew Agro, Monster Beverage Corporation, Arizona Beverages USA among others.
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Scope of the Report
The non-alcoholic beverage market offers a wide range of products among carbonated and non- carbonated beverages covering products, such as fruit and vegetable juice, functional drinks, RTD tea and coffee, and others. The others segment includes jelly beverages, rose syrup based beverages. The market is majorly operated by supermarket/ hypermarket, convenience store, online sales channels, and others. The other distribution channel includes drug stores, vending machines, and kiosks.
Moreover, the increase in accessibility and regulations of non-alcoholic drinks globally is one of the key factors increasing the product preference leading to increased consumption. Whereas, the increasing health awareness and demand for nutrition-oriented products have affected the carbonated drinks market majorly.
Key Market Trends
Flourishing Opportunities in Asia-Pacific
The Asia-Pacific food and beverage industry is growing with the highest possible rates, surpassing that of developed regions like Western Europe and North America. The region has a large and continuous growing middle-class consumer society, which indicates the presence of potential growth, specifically in the iced/RTD coffee drinks segment. Although the market is growing in all countries of Asia-Pacific, the high growth rate for this area is driven by the rapid development of the Chinese and Indian markets. Carbonated drinks are poised due to the largest segment in the non-alcoholic drinks segment. However the consumption of these carbonated beverages and soft drinks is expected to decline over sugar content and preference for healthier alternatives, such as 100% natural juice.
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Online Sales Supplementing the Market Growth:
Asia-Pacific is projected to show the highest growth rate in the sales of non-alcoholic beverage through specialty stores. However, the online retail sales for non-alcoholic beverages are growing at a faster rate. The segment is boosted by factors like the ease of availability and internet access, enabling the consumers to easily access the online shopping portals. The companies in the global market are placing their ranges of products over online retail spaces and trying to offer value-added services, like discounts to the consumers. This trend of shopping has expanded the overall global market.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Non-Alcoholic Beverage Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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