Non-Alcoholic
Beverage Market Growth Rate, Top Regions, Key Players and Forecast to 2031
The
global non-alcoholic beverage market is anticipated to grow at a significant
CAGR during the forecast period. The key factors driving the growth of the
global non-alcoholic beverage market include the rising disposable income and
growing health-related concerns towards alcoholic beverages. In addition to
this, the changing consumer preference towards innovative flavors such as
fusion of flavors or tropical fruits from the standard fruit flavors is
anticipated to drive the market growth. Moreover, concerns regarding the high
sugar content in carbonated beverages are urging people to shift towards
healthy non-alcoholic beverages.
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The
COVID-19 pandemic has negatively impacted the global non-alcoholic beverage
market, as the downfall in sales and consumption of non-alcoholic beverages was
seen. The supply chain got disrupted and also the retailers selling the
beverages were closed during the lockdown, imposed owing to the COVID-19
pandemic. In addition to this, many sports events promoting non-alcoholic
beverages were cancelled, which impacted the sales of non-alcoholic beverages.
In addition, the closed down of restaurants, hotels, cafes, and tourism has
negatively impacted the industry.
The
key players contributing to the growth of the global non-alcoholic market by
adopting various strategies such as product launches & developments,
mergers and acquisitions, partnerships, and agreements, include Nestle SA,
Lactalis International, and Danone S.A., Asahi Group Holdings, Ltd., Keurig Dr.
Pepper Inc., Parle Agro Pvt. Ltd., and the Hangzhou Wahaha Group Co., Ltd. DMK
GROUP, Fonterra Co-operative Group Ltd., among others. For instance,
Nestle SA, in 2019, generated revenue of $96.6 billion. The powdered and liquid
beverage segment alone accounted for $24.3 billion.
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Market
Coverage
o By Type
o By Beverage
o By Packaging
Key
questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global
Non-Alcoholic Beverage Market by Segment
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
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