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According to a report,”Nonalcoholic Beverage Market Analysis By Product (CSD, Fruit Beverages, Bottled Water, Functional Beverages, Sports Drinks), By Distribution Channel, And Segment Forecasts, 2018 – 2025″,published by Grand View Research, Inc., The global nonalcoholic beverage market is expected to reach USD 1.60 trillion by 2025. Rising societal awareness toward serious health problems is acting as the biggest driver for nonalcoholic beverage market. The industry is reshaping itself by changing the orientation from carbonated soft drinks to non-nutritive low-calorie beverages.

Further Key Findings from The Report Suggest:

• The global nonalcoholic beverage market was valued at USD 967.3 billion in 2016. The market is projected to grow at an estimated CAGR of 5.8% over the forecast period.

• Carbonated soft drinks occupied the highest market share in 2016 owing to its high market penetration

• North America accounted for the largest market for nonalcoholic beverage industry in 2016 owing to the presence of developed economy and high standard of living

• Functional beverages are expected to emerge as the fastest growing product segment in the market on account of high demand for ready to drink coffee and tea, relaxation drinks, and energy drinks 

• The key players include PepsiCo, Inc., The Kraft Heinz Company, Dr. Pepper Snapple Group, Inc., The Coca-Cola Company, and Nestle S.A.

Browse More Reports in Processed & Frozen Foods :

• Aquaculture Market –Aquaculture market has been witnessing growth in terms of increasing urbanization and increasing the income of individuals which has lead to the increase in consumption of protein rich meats. Being a fairly new and unconventional method of fish breeding for consumption, its market acceptance is low.

• Beer Market – Beer is produced mainly in macro and micro breweries. Macro breweries generally produce over 15,000 U.S. beer barrels annually. The segment accounted for over 83% in 2014 and is expected to lose some of its share to micro breweries gaining importance across the globe.

Various studies and research have proved that obesity is linked to higher consumption of CSDs. This has led to the development of calorie-free or low-calorie drinks, such as functional beverages, bottled water, and fruit beverages. Childhood obesity rate for the age groups of 2-5 and 12-19, has doubled in past 30 years in the U.S. The government is also trying to reduce the sales and consumption of drinks made from nutritive sweeteners by imposing sugar taxes.

Stringent government regulations for labeling, listing the ingredients used, etc. in developed countries are expected to restrain the market growth. On the other hand, initiatives to attract the global players by increasing foreign investments, trade promotion, and economic subsidies in the developing economies are expected to foster the industry growth.

New product launches, as a result of the product line extension, have enabled customers to select application-specific offerings from a wide variety of options. The widening distribution channels have led to easy product availability, which has been a key industry driver in the past. Marketing and advertising plays the most important role in organizational sales and sustainability. Trade promotion, advertising, sales promotion, and public relations are the main promotional activities employed by the key players.

Grand View Research has segmented the global nonalcoholic beverage market on the basis of product, distribution channel, and region:

Product Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 – 2025)

• Carbonated Soft Drinks (CSDs)

• Fruit Beverages

• Bottled Waters

• Functional Beverages

• Sports Drinks

• Other

Distribution Channel Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 – 2025)

• Supermarkets and general merchandisers

• Food Service and Drinking places

• Gas Stations and Convenience Stores 

• Vending Machine Operations

• Other

Regional Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 – 2025)

• North America

  • U.S.

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

• Middle East & Africa

Explore the nonalcoholic beverage marke research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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