Press release
Non-Alcoholic Beverage Market Outlook 2024-2031: Trends and Opportunities/ Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Non-alcoholic beverage market is anticipated to augment at a CAGR of around 5.5% during the forecast period. Rising disposable income, rising millennial population bases especially in the emerging economies are some of the major factors for the growth in the market. In addition, a shift from the preference of the consumer from standard flavors (such as orange, lemon, and cola) to innovative flavors such as tropical fruits or fusion of flavors is also expected to provide a significant market growth. Moreover, substantial growth in the ready to drink/Iced beverages will be witnessed globally which will drive the non-alcoholic beverage market.Health-issue related to alcoholic drinks is one of the major factors for the shift to non-alcoholic beverages. Moreover, high sugar content in carbonated drinks resulting in shifting toward healthy beverages. Due to this, the companies are working toward and offering low-calorie, low-sugar, and diet varieties of beverages. Besides, environmental pollution due to bottles and another packaging of non-alcoholic beverages is one of the major challenges ahead of companies and governments all across the globe. Moreover, a negative impact of the COVID-19 pandemic has been witnessed in the non-alcoholic beverage industry. Restaurants, hotels, cafes, education institutions, tourism places are among the key retail point of sales of non-alcoholic beverages. Amid lockdown, these places have to be closed due to which sales of the non-alcoholic beverage have been affected considerably.
To Request a Sample of our Report on Non-Alcoholic Beverage Market: https://www.omrglobal.com/request-sample/non-alcoholic-beverage-market
Market Coverage
Market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Non-Alcoholic Beverage Market- Segmentation
By Type
Carbonated Beverage
Non-Carbonated Beverage
By Beverage
Soft Drink
Packaged Water
Iced/RTD Tea & Coffee
Fruit Beverages
Energy Drinks
Dairy Beverage
By Packaging
Metal
Glass Bottle
PET
Others
A full report of Non-Alcoholic Beverage Market available @ https://www.omrglobal.com/industry-reports/non-alcoholic-beverage-market
Regional Outlook
North America
United States
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
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