Top Emerging Trends Of Non-alcoholic Beverages Market Progress Forecast 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on July 3rd, 2023 San Francisco, 03 July 2023: The ReportNon-alcoholic Beverages Market Size, Share & Trends Analysis Report By Product (Water, Bubble/Sparkling Water), By Distribution Channel (Retail, Food Service), By Region, And Segment Forecasts, 2023 - 2030 The global non-alcoholic beverages market size is anticipated to reach USD 1,185.30 billion by 2030, expanding at 6.4% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. owing to factors such as rising disposable income, population growth, and changing lifestyles. Increasing concerns regarding obesity and health awareness are expected to trigger the growth of low-sugar carbonated drinks, tea & coffee, and bottled water. Brands globally have been innovating new products with new flavors and premium flavors in product categories, such as carbonated beverages, bottled water, and tea & coffee, which would further support the category growth. For instance, in May 2021, Danone S.A. launched the first flavored and sparkling line from its Evian bottled water brand in the U.S., available in four flavors such as Raspberry & Ginseng, Lime & Ginger, Grapefruit & Basil, and Cucumber & Mint. In terms of product, the bottled water segment is expected to be the fastest-growing segment during the forecast period. Product launches in this segment by key players in the market are likely to supplement the overall segment growth. For instance, in July 2020, Dutch-based brand Bottle Up launched its product offering in the U.K. with its pre-filled, reusable, BPA-free, and plant-based water bottles. The bottles would be available in 438 WHSmith locations across U.K., including the train station and airport locations, such as Manchester Piccadilly, Euston, Heathrow, Luton, Waterloo, Victoria, and several hospitals. The retail distribution channels held the largest share in 2021 and are expected to remain dominant during the forecast period. The rise in demand for non-alcoholic beverages or zero-alcohol drinks by the consumers has made these retailers hold a larger share of such products by different brands such as Welch, Budweiser, Busch, and Great Value, especially in supermarkets such as Aldi, Whole Foods, and Walmart. The non-alcoholic beverages market is consolidated in nature with the presence of a large number of international players and few regional players. Nestlé, PepsiCo, Unilever, Keurig Dr Pepper Inc., The Coca-Cola Company, Cott Corporation, Danone S.A., SUNTORY BEVERAGE & FOOD LIMITED, Asahi Group Holdings, Ltd., and Red Bull are among the prominent players in the global market. Request sample report of Non-alcoholic Beverages Market @https://www.grandviewresearch.com/industry-analysis/nonalcoholic-beverage-market/request/rs1 Non-alcoholic Beverages Market Report Highlights
With the growing acceptance of the no-alcohol and low-alcohol categories by consumers, manufacturers in the market are catering to the new trends and have been innovating existing product portfolios, which is likely to bode well for future growth. The ripple effect of consumers opting for non-alcoholic drinks and beverages has been the development of a whole new segment of premium, complex-tasting soft drinks aimed at adult palates. Non-alcoholic Beverages Market Report Scope
List of Key Players in the Non-alcoholic Beverages Market
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