Non-alcoholic
drinks, also known by the name of virgin drinks, are beverages that
comprise less than 0.5% alcoholic content in terms of volume. Some of
the common non-alcoholic drinks are non-alcoholic wine and
non-alcoholic beer. Apart from these, bottled water, juices, soft
drinks, ready-to-drink coffee and tea, dairy drinks, and energy
drinks are some of the widely consumed non-alcoholic drinks across
the globe. In 2013, soft drinks accounted for the largest share in
the non-alcoholic drinks market; however, the tea and coffee segment
is anticipated to grow at a fast pace in the coming years.
According
to a study by Transparency Market Research, in 2013, the global
market for non-alcoholic drinks was worth US$135.2 bn and is
estimated to reach a value of US$193.7 bn by the end of 2020,
exhibiting a 4.30% CAGR between 2014 and 2020. In terms of volume, in
2013, the global market for non-alcoholic drinks stood at 912.77 bn
liters and is projected to be 1,289.03 bn liters by the end of 2020,
exhibiting a 4.90% CAGR between 2014 and 2020.
Growing
Health Awareness to Hamper Growth of Non-alcoholic Drinks Market
The
increasing disposable income in developing economies and changing
consumer lifestyle are some of the major factors that are estimated
to boost the demand for non-alcoholic drinks in the near future. In
addition, the growing demand for a mix of energy, flavor, and
hydration is expected to fuel the growth of the market. Moreover, the
introduction of several no-sugar and no-preservative non-alcoholic
drinks is estimated to drive the global market for non-alcoholic
drinks.
Nevertheless,
growing health awareness among the population is estimated to curb
the growth of the market in the coming years, due to the increasing
awareness about the ill effects of overconsumption of sugar. However,
the increasing participation of players is expected to fuel the
growth of the market in the near future.
Asia
Pacific Non-alcoholic Drinks Market to Witness Rapid Growth due to
Increasing Disposable Income
Among
the major regions, North America and Europe are facing a major
concern over the growing prevalence of obesity, which is directly
related to the increased consumption of artificially sweetened and
sugary drinks. As a result, several non-alcoholic drinks have been
introduced in the market to offer low-calorie and no-sugar drinks to
the consumers. On the other hand, the Asia Pacific market is
predicted to register a high growth rate in the coming years owing to
the growing disposable income of consumers and rapid urbanization in
this region.
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The
growing demand for non-alcoholic drinks has attracted several players
to the global market for the same. Thus, in the next few years, many
new players are projected to be a part of the non-alcoholic drinks
market and offer new products in order to create a niche and attract
consumers. Some of the prominent players leading the global market
for non-alcoholic drinks are Dr. Pepper Snapple Group, Inc., Dydo
Drinco, Inc., Attitude Drinks, Inc., Nestlé S.A., PepsiCo, Inc.,
LiveWire Ergogenics, Inc., A.G. Barr, plc., The Coca-Cola Company,
Danone, and Calcol, Inc.
Contact
Mr.
Sudip S
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State Street, Suite 700
Albany,
NY 12207
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+1-518-618-1030
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