Global Nonalcoholic Beverage Market

Posted by chetana on April 30th, 2021

Global Nonalcoholic Beverage Market was valued at US$ 1177 Bn in 2019 and is expected to reach US$ 1702 Bn by 2027, at a CAGR of 4.72% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Global Nonalcoholic Beverage Market Dynamics

Increased permutation of social media such as Facebook, Instagram, Twitter, and other healthcare blogs is increasing awareness about healthy food habits, which is boosting the growth global nonalcoholic beverage market. Global Nonalcoholic Beverage Market is witnessing vibrant growth as these products have natural and organic contents which return high potential.

The rise in awareness regarding health problems associated with alcohol has shifted the consumer preference towards nonalcoholic drinks across the globe and that is booming the market growth positively. Growing consumption of energy drinks among youth all over the world is expected to drive the market growth in the forecast period. Governments are taking initiatives to increase awareness regarding the hazards of alcoholic beverages and this is estimated to propel the market growth in the forecast period.
Segment Analysis of the Global Nonalcoholic Beverage Market

Based on product type, the carbonated drinks segment is expected to boom the global nonalcoholic beverage market growth in the forecast period. Consumer’s inclination has increased towards the health and healthy food across the globe. The non-carbonated drinks segment is also expected to generate the highest CAGR in the market as increased demand for energy drinks globally. Based on the distribution channel, the supermarkets, and hypermarkets segment are estimated to hold the largest share in the global nonalcoholic beverage market during the forecast period. The rise in the number of supermarkets and hypermarkets in emerging economies such as India and China is booming the global nonalcoholic beverage market growth.
Regional Insights of the Global Nonalcoholic Beverage Market

In terms of region, North America is expected to hold the largest share in the global nonalcoholic beverage market during the forecast period. The increased popularity of soda products among consumers in this region is propelling the market growth. In addition, a developed economy and the presence of key industries in this region are also expected to drive the market growth in the forecast period.

The Asia Pacific is projected to generate the highest CAGR in the market during the forecast period. The growing population coupled with an increased disposable income of consumers in this region is expected to surge the market growth. Emerging economies such as India and China are booming the market growth in the region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Nonalcoholic Beverage Market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Scope of the Global Nonalcoholic Beverage Market: Inquire before buying

Global Nonalcoholic Beverage Market, by Product Type

• Carbonated Drinks
o Cola
o Carbonated Water
o Diet Drinks
o Others
• Non-Carbonated Drinks
o Fruit Juices
o Energy Drinks
o Tea
o Coffee
o Others
Global Nonalcoholic Beverage Market, by Distribution Channel

• Supermarkets and Hypermarkets
• Department Stores
• Convenient Stores
• Online
• Others
Global Nonalcoholic Beverage Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Nonalcoholic Beverage Market

• Pepsico Inc.
• Nestle
• Dr Pepper Snapple Group Inc.
• Attitude Drinks Inc.
• The Coca-Cola Company
• Danone
• Parle Agro
• A.G. Barr
• Britvic
• Dydo Drinco
• Livewire Energy
• Calcol, Inc.
• The Kraft Heinz Company
• Reed’s, Inc.
• Appalachian Brewing Co.
• Jones Soda Co.
• Molson Coors Brewing Company

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