Press release
Non-Alcoholic Beverages Market to Display Growth of CAGR 5.5% from 2017 to 2023
Market Overview:Non-Alcoholic Beverages has been increasing due to urbanization and changing consumption patterns, increasing consumers opting for healthy lifestyle and rising number of vegan consumers. Non-alcoholic drinks refer to beverages, which have less than 0.5% alcoholic content by volume, non-alcoholic beer and wine fall under this category. Alcohol free beverages are also known as 'virgin drinks.' Soft drinks, juices, ready-to-drink tea and coffee, bottled water, and energy drinks are the most-consumed non-alcoholic drinks in the global market.
With the growing consumer awareness & their increasing interest in healthy lifestyle, healthy Non-alcoholic beverages demand has increased. Changing lifestyle and growing demand for convenience food & beverages is anticipated to drive the non-alcoholic beverages market. Furthermore, growing health awareness and various weight loss diet trends will fuel the sales of herbal & fruit tea. These factors will support the growth of non-alcoholic beverages market during the forecast period 2017-2023.
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Major Key Players:
The major key players in Non-Alcoholic Beverages Market are
• General Mills (U.S.)
• PepsiCo (U.S.)
• Fuze Beverage (U.S.)
• Coca-Cola (U.S.)
• Campbell Soup Company (U.S.)
• Nestlé (Switzerland)
• Altria Group (U.S.)
• Kraft Foods (U.S.)
• Ocean Spray (U.S.)
• Red Bull GmbH (Austria)
The demand for non-alcoholic beverages has pushed manufacturers to innovate and develop new product line which are better in taste and offers various health benefits.
Key Findings:
• Changing consumption pattern & urbanization has spurred the growth of non-alcoholic beverages market
• The market growth in Europe region is high compare to North America
Regional Analysis:
Global Non-Alcoholic Beverages Market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Among this Europe region has major market share followed by North America. Urbanization and rising disposable income in Asia Pacific region is driving the demand for non-alcoholic beverages in that particular region. Rising number of health cognizant and the growing demand for healthy beverages especially in China and India will be the crucial factor underlining the market growth.
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The Non-Alcoholic Beverages market is segmented under the following regions mentioned below:
North America
• US
• Canada
• Europe
Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe
Asia-Pacific
• China
• India
• Australia
• Singapore
• Rest of Asia Pacific
Rest of the world
• Brazil
• Argentina
• Saudi Arabia
• South Africa
• Others
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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