Transparency
Market Research has announced the release of a new research report on
the global non-alcoholic drinks market. As per the report, the market
stood at US$1,435.25 bn in 2013 and is predicted to reach US$1,937.73
bn by 2020, progressing at a 4.30% CAGR from 2014 to 2020. The
report, titled ‘Non-Alcoholic Drinks Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,’
states that by volume, the market will progress from 912.77 billion
liters in 2013 to 1,289.03 billion liters by 2020, exhibiting a
steady CAGR of 4.90% from 2014 to 2020. Factors such as the growing
awareness among people about healthy living, changing consumer
preferences, and the rising disposable income are responsible for the
steady growth of the global
non-alcoholic drinks market, state the report’s authors.
Non-alcoholic
beverages contain a minimal percentage of alcohol – usually less
than 0.5% by volume. Non-alcoholic drinks comprise juices, soft
drinks, ready-to-drink coffee, tea, energy drinks, bottled water, and
even beer. The healthy eating trend has inspired many people to shift
their preferences from alcoholic drinks to non-alcoholic beverages.
The global non-alcoholic drinks market has seen a changing trend in
the recent past with the introduction of organic drinks, energy
drinks, and sports drinks. Soft drinks comprised the leading product
segment in 2013 valued at 471.07 billion liters. However, the tea and
coffee segment is projected to exhibit a 7.0% CAGR from 2014 to 2020
to be the fastest growing segment.
Rapid
industrialization and the changing trends in the global beverages
market have propelled the global market for non-alcoholic drinks.
Leading players are concentrating on introducing new non-alcoholic
drinks to match the changing tastes of consumers.
For
a detailed study, analysts have segmented the global non-alcoholic
drinks market on the basis of product and region. Based on region,
the market is divided into North America, Europe, Asia Pacific, and
Rest of the World. Currently, the global market is led by North
America, followed by Asia Pacific. In 2013, the North America
non-alcoholic drinks market stood at US$220.79 bn. Rapid urbanization
is the primary factor responsible for the growth of the North America
non-alcoholic drinks market. Obesity is a growing concern in North
America due to excess consumption of artificially sweetened
beverages. Several manufacturers of non-alcoholic and low-sugar
drinks are introducing new products to cater to the changing needs of
customers.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1340
However,
with changing lifestyles in economies such as China, Singapore, and
India, Asia Pacific is projected to be the most lucrative market by
2020. In 2013, the Asia Pacific non-alcoholic drinks market stood at
US$332.22 bn and is projected to exhibit a steady CAGR of 6.80% from
2014 to 2020. Rest of the World is predicted to experience promising
growth opportunities in the near future.
The
global non-alcoholic drinks market is dominated by a few leading
companies. Some of the key companies operating in the market are A.G.
Barr, plc., Nestle S.A. (Switzerland), Dr. Pepper Snapple Group Inc.,
Calcol Inc., PepsiCo Inc., Dydo Drinco, Inc., The Coca-Cola Company,
Attitude Drinks, Inc., and Danone.
Key
Segments of Global Non-Alcoholic Drinks Market
Non-Alcoholic
Drinks Market, by Product
- Soft Drinks
- Bottled Water
- Tea and Coffee
- Juice
- Dairy Drinks
- Others
Non-Alcoholic
Drinks Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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