Non-Alcoholic
Drinks Market: Snapshot
The
shifting lifestyles of consumers and the growing per capita income
are amongst the prime factors positively impacting the global
non-alcoholic drinks market. Due to the changing preferences of
consumers, numerous flavors and variants of drinks have been
introduced in this market which will bring in new growth
opportunities in the global non-alcoholic drinks market. The
increasing temperatures owing to global warming will also drive the
growth of this market. This market is concentrated in nature and
hence a couple of players hold a key share within this market. Due to
the fact that the market is led by the changing tastes and
preferences of consumers, this is why even smaller players are
tapping into this market by catering to the needs of local residents
and by keeping the prices competitive.
The
global non-alcoholic drinks market stood at US$1,435.25 bn in 2013
and is anticipated to touch US$1,937.73 bn by 2020, expanding at a
4.30% CAGR from 2014 to 2020. Volume-wise, this market is poised to
rise at a 4.90% CAGR in the forecast period and will fuel the
non-alcoholic beverages ‘consumption to 1,289.03 bn liters by 2020,
starting from 912.77 bn liters in 2013. The increasing disposable
income of consumers, the tastes of local consumers, and demographics
will also bode well for the development of the non-alcoholic drinks
market. On the other hand, the rising awareness on health is amongst
the prime factors impeding the development of the global
non-alcoholic market.
Tea
and Coffee to Gain Demand Due to Rising Disposable Income of
Consumers
Product-wise,
the non-alcoholic drinks market is segmented into dairy drinks,
juice, tea and coffee, bottled water, soft drinks, and others. Of
these, the segment of soft drinks held a dominant share and stood at
471.07 bn liters in 2013. On the other hand, the segment of tea and
coffee is poised to emerge as the most swiftly developing segment due
to swift industrialization and the growing disposable income of
consumers. This segment is predicted to rise at a healthy 7.0% CAGR
between 2014 and 2020.
In
terms of geography, the report segments the global
non-alcoholic drinks market into Europe, North America, Asia
Pacific, and Rest of the World (RoW). Amongst these, the North
America non-alcoholic drinks market emerged as the top market and was
valued at US$220.79 bn in 2013. This is due to the growing awareness
on health amongst individuals of all age groups in North America over
the forecast period.
Increasing
Count of Young Consumers to Positively Impact Asia Pacific
Non-Alcoholic Drinks Market
On
the other hand, Asia Pacific has also emerged as amongst the key
markets for non-alcoholic drinks. The Asia Pacific non-alcoholic
drinks market stood at US$332.22 bn in 2013 and is predicted to grow
exponentially over the forecast period. This is due to the rising
disposable income of consumers in developing nations of India and
China and the increasing count of young consumers. In addition, the
launch of ‘Make in India’ campaign in India will also provide
impetus to the development of the non-alcoholic drinks market in Asia
Pacific.
The
prime players operating in the global non-alcoholic drinks market are
A.G. Barr, plc. (U.K.), Dr. Pepper Snapple Group, Inc. (U.S.), Dydo
Drinco, Inc. (Japan), Attitude Drinks, Inc. (U.S.), LiveWire
Ergogenics, Inc. (U.S.), Calcol, Inc. (U.S.), Danone (France), Nestlé
S.A. (Switzerland), PepsiCo, Inc. (U.S.), and The Coca-Cola Company
(U.S.) among others.
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