A
new research study by Transparency Market Research (TMR) on the
global
still drinks market states that this market is anticipated to
register a CAGR of 7.0% during the period from 2012 to 2018. The
extensive demand for fruit juice is driving the global still drinks
market remarkably, notes the market report.
According
to the research report, titled “Still Drinks Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 -
2018,” the ongoing decline in the carbonated beverages market is
presenting an opportunity-rich market for still drinks manufacturers
in the global arena.
The
market study further states that the rising awareness among people
regarding healthcare and the consequent shift towards healthy food
and beverages is expected to fuel the demand for still drinks
significantly in the global arena. The worldwide still drinks market
is a segment of the global ready-to-drink beverages market and has
been gaining a positive impetus in the last few years.
In
this research report, the global market for still drinks has been
regionally segmented into Europe, North America, Asia Pacific, and
the Rest of the World. The still drinks market in Europe is
exhibiting a significant growth rate on account of the presence of
favorable climatic conditions in this region. Asia Pacific, however,
is likely to register the fastest growth in the overall still drinks
market during the forecast period.
Considering
the price-sensitiveness in Asia Pacific, the pricing of these drinks
has been kept reasonable, making them affordable for general
consumers in this region. This factor is projected to drive the Asia
Pacific still drinks market during the forecast period. Apart from
this, the increasing disposable income of consumers in this region is
also anticipated to fuel the demand for still drinks over the next
few years.
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Canada
and the U.S. dominate the North America still drinks market, while
the U.K., Germany, France, Italy, and Russia are the leading national
still drinks markets in Europe. Japan has emerged as the biggest
still drinks market in Asia Pacific, states the research report.
The
competitive landscape of the global still drinks market has also been
analyzed in this research report. As per the study, PepsiCo and
Coca-Cola have been leading this market since the last few years.
Other
major companies operating in the worldwide still drinks market
mentioned in this study are JBD Group, Asahi Soft Drinks Co. Ltd.,
Uni-President Enterprises Corp., Calpis Co. Ltd., Sangaria, Hector
beverages, Nestle, Suntory Holdings Ltd., Ting Hsin International
Group, Yakult, Unilever, Meiji Dairies Corp., Kirin Co., and Zest-O
Corp.
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