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Non Alcoholic - Beverages Market Analysis, Share, Industry Trends And Forecast To 2032
Non Alcoholic - Beverages Market Analysis
The Business Research Company's Non Alcoholic - Beverages Global Market Report 2023 identifies increase in the population creates more demand for food as the major driver for the non alcoholic - beverages market's growth in the forecast period. According to the American Society of Nutrition, the consumption of sugar-sweetened beverages was highest in Mexico. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products due to the rising population during the forecast period.
The global non alcoholic - beverages market size grew from $556.01 billion in 2022 to $592.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global non alcoholic - beverages market analysis size is expected to grow to $741.17 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the non alcoholic - beverages market are PepsiCo, Inc., Nestle S.A., The Coca-Cola Company, Coca-Cola European Partners plc, Suntory Holdings Limited.
A key trend in the non alcoholic - beverages market includes increasing health awareness and consciousness among consumers. Health beverages support detoxing, weight loss, digestive health, nutrition, and, in some cases, act as meal replacements. For instance, Kombucha, a fermented tea made from a mix of yeast, bacteria culture, sugar, and tea, is increasingly being consumed as a health beverage. According to Beverage Daily, the kombucha market is expected to grow by 25% annually until 2020. To cater to the health beverage market, Pepsi is launching products such as organic Gatorade.
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The non alcoholic - beverages market is segmented -
1) By Type: Coffee And Tea, Soft Drink And Ice
2) By Distribution Channel: Off-Trade Channels, On-Trade Channels
3) By Category: Mass, Premium
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the non alcoholic - beverages market.
The Business Research Company's "Global Non Alcoholic - Beverages Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Non Alcoholic - Beverages Market Include:
1. Executive Summary
2. Report Structure
3. Non Alcoholic - Beverages Market Characteristics
4. Non Alcoholic - Beverages Market Product Analysis
5. Non Alcoholic - Beverages Market Supply Chain
…………
22. Key Mergers And Acquisitions In The Non Alcoholic - Beverages Market
23. Market Background: Non Alcoholic - Beverages Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
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