Press release
Nonalcoholic Beverage Market is projected to reach US$ 1866.46 Bn by 2029 exhibiting a CAGR of 4.72% during the forecast period
Nonalcoholic Beverage Market
The global nonalcoholic beverage market is witnessing vibrant growth, driven by increased awareness about healthy food habits propagated through social media platforms like Facebook, Instagram, Twitter, and healthcare blogs. The shift in consumer preference towards nonalcoholic drinks, fueled by health concerns associated with alcohol consumption, is further boosting market growth. Additionally, the rising consumption of energy drinks, especially among youth, and government initiatives to raise awareness about the hazards of alcoholic beverages are contributing positively to market expansion.
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Report Scope:
The report aims to present a comprehensive assessment of the nonalcoholic beverage market, providing insights, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. It identifies and analyzes market segments to project the global market size and dynamics. Furthermore, the report includes a competitive analysis of key players, focusing on product, price, financial position, product portfolio, growth strategies, and regional presence.
Research Methodology:
The report covers the period from 2017 to 2021 for historical data and forecasts the market size from 2022 to 2029, with a CAGR of 4.72%. It incorporates primary and secondary research, utilizing industry-validated data sources such as press releases, annual reports, government websites, and market research reports. The report also includes a competitive analysis of key players, examining product, price, financial position, product portfolio, growth strategies, and regional presence.
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Drivers:
Increased awareness about healthy food habits through social media platforms.
Shift in consumer preference towards nonalcoholic drinks due to health concerns associated with alcohol consumption.
Growing consumption of energy drinks, especially among youth.
Government initiatives to raise awareness about the hazards of alcoholic beverages.
Restraints:
Lack of awareness about nonalcoholic beverage options.
Health concerns associated with artificial sweeteners and additives in some nonalcoholic drinks.
Segmentation:
By Product Type: Carbonated Drinks (Cola, Carbonated Water, Diet Drinks, Others) and Non-Carbonated Drinks (Fruit Juices, Energy Drinks, Tea, Coffee, Others)
By Distribution Channel: Supermarkets and Hypermarkets, Department Stores, Convenient Stores, Online, Others
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Key players
1. ConvaTec Healthcare B S.a.r.l. (UK)
2. Smith 7 Nephew plc (UK)
3. Coloplast A/S (US)
4. Medtronic plc (US)
5. Acelity L.P Inc. (US)
6. 3M Company (US)
7. Alliqua BioMedical (US)
8. Fidia pharama USA Inc.(US)
9. Wound Care Technologies (US)
10. Integra LifeSciences Holding Corporation (US)
11. Baxter International Inc.(US)
12. Organogenesis Inc. (US)
13. DeRoyal Industries (US)
14. IonMed (US)
15. Ethicon (US)
16. Hill-Rom Holdings (US)
17. Leap Therapeutics Inc.(US)
18. NovaBay Pharmaceuticals (US)
19. Derma Science (South Africa)
20. Vivostat ( Slovenia)
21. Molnlycke Health Care AB (Sweden)
22. Paul Hartmann AG (Germany)
23. BSN Medical GmbH (Germany)
24. Triage Meditech Pvt. Ltd (India)
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Regional Analysis:
North America: Expected to hold the largest share in the global nonalcoholic beverage market, driven by the popularity of soda products and a developed economy.
Asia Pacific: Projected to generate the highest CAGR in the market, fueled by a growing population and increased disposable income, especially in emerging economies like India and China.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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