Nonalcoholic Beverage Market Availability of Substitute Products, Applications By 2025
Nonalcoholic Beverage Market is anticipated to reach USD 1.60 trillion by 2025. Nonalcoholic Beverage is also termed as “Virgin drink”. Non-alcoholic beverages contain less than 0.5% alcohol. The factors that drive the growth of the market include increasing awareness among consumers toward proper health
Nonalcoholic Beverage Market is anticipated to reach USD 1.60 trillion by 2025. Nonalcoholic Beverage is also termed as “Virgin drink”. Non-alcoholic beverages contain less than 0.5% alcohol. The factors that drive the growth of the market include increasing awareness among consumers toward proper health
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<strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> <strong>Availability</strong> <strong>of</strong> <strong>Substitute</strong><br />
<strong>Products</strong>, <strong>Applications</strong> <strong>By</strong> <strong>2025</strong><br />
“<strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> is anticipated to reach USD 1.60 trillion by<br />
<strong>2025</strong>. <strong>Nonalcoholic</strong> <strong>Beverage</strong> is also termed as “Virgin drink”. Non-alcoholic<br />
beverages contain less than 0.5% alcohol. The factors that drive the growth <strong>of</strong><br />
the market include increasing awareness among consumers toward proper<br />
health.”<br />
Global <strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> is anticipated to reach USD 1.60 trillion by <strong>2025</strong>. <strong>Nonalcoholic</strong> <strong>Beverage</strong><br />
is also termed as “Virgin drink”. Non-alcoholic beverages contain less than 0.5% alcohol. The factors that drive<br />
the growth <strong>of</strong> the market include increasing awareness among consumers toward proper health and well-being,<br />
changing lifestyle, influx <strong>of</strong> convenience beverages. Furthermore, increasing focus on R&D among key players<br />
with regards to low or zero-calories drinks is estimated to witness high growth in the years to come. On the<br />
other hand, there are factors that may hamper the growth <strong>of</strong> the market such as strict government rules and<br />
regulations related to the ingredients in non-alcoholic beverages and increasing awareness regarding among<br />
consumers regarding health hazards such as diabetes resulting out <strong>of</strong> excessive consumption <strong>of</strong> non-alcoholic<br />
beverages. The market is anticipated to grow at a significant CAGR <strong>of</strong> 5.8% in the upcoming period as the scope,<br />
product types, and its applications are increasing across the globe.<br />
<strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> may be explored by product, distribution channel and geography. <strong>Market</strong> may<br />
be explored by products as Functional <strong>Beverage</strong>s, Carbonated S<strong>of</strong>t Drinks (CSDs), Sports Drinks, Fruit <strong>Beverage</strong>s,<br />
Bottled Water and other. The “Functional beverage” dominated the <strong>Beverage</strong> <strong>Market</strong> in 2016 and anticipated<br />
to maintain its dominance by <strong>2025</strong>.<strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> may be explored by distribution channel as<br />
Vending Machine Operations, Supermarkets and general merchandisers, Convenience Stores & Gas Stations,<br />
Food Service & Drinking Places, and Other. The “Supermarket and Convenience stores” segment dominated the<br />
<strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> in 2016 and is anticipated to maintain its dominance by <strong>2025</strong>.<br />
Request Sample Copy <strong>of</strong> this <strong>Market</strong> Research @<br />
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Expanding food and beverage services comprising fast-food joints, full-service restaurants, primary distribution<br />
channel, and takeaway outlets, will upsurge the growth <strong>of</strong> this segment in the forecast period. North America<br />
accounted for the major share <strong>of</strong> the <strong>Nonalcoholic</strong> <strong>Beverage</strong> <strong>Market</strong> Size in 2016 and will continue to lead in<br />
the forecast period. Additionally, the increasing youth population, particularly in emerging countries <strong>of</strong> Asia<br />
Pacific, is the major trend anticipated to alter the drinking pattern in favor <strong>of</strong> non-alcoholic drinks. The<br />
population is actively trying new flavors as refreshing substitutes. This is anticipated to predict healthy growth<br />
for the <strong>Nonalcoholic</strong> beverage market in the forecast period.<br />
Some <strong>of</strong> the key players that fuel the growth <strong>of</strong> the <strong>Nonalcoholic</strong> <strong>Beverage</strong> Industry comprise Suja Life, LLC, Dr.<br />
Pepper Snapple Group, FreshBev, PepsiCo, Inc., A.G. Barr, Dydo Drinco, Livewire Energy; Calcol, Inc., Attitude<br />
Drinks, Co., Danone, Nestl S.A., and Kraft Foods Group, Inc., and the Coca-Cola Company. The leading companies<br />
are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth<br />
<strong>of</strong> the industry.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/nonalcoholic-beverage-market<br />
<strong>Market</strong> Segment:<br />
Product Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - <strong>2025</strong>)<br />
• Carbonated S<strong>of</strong>t Drinks (CSDs)<br />
• Fruit <strong>Beverage</strong>s<br />
• Bottled Waters<br />
• Functional <strong>Beverage</strong>s<br />
• Sports Drinks<br />
• Other<br />
Distribution Channel Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - <strong>2025</strong>)<br />
• Supermarkets and general merchandisers<br />
• Food Service and Drinking places<br />
• Gas Stations and Convenience Stores<br />
• Vending Machine Operations<br />
• Other<br />
Regional Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Europe
• Germany<br />
• UK<br />
• France<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• Central & South America<br />
• Middle East & Africa<br />
See More Reports <strong>of</strong> this Category by Million Insights @<br />
https://www.millioninsights.com/industry/beverage<br />
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