Global Non-Alcoholic Beverages Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
15 Feb, 2021
The non-alcoholic beverages market consists of sales of beverages that do not contain any alcohol by entities (organizations, sole traders and partnerships) that produce beverages that do not contain any alcohol. The companies in the non-alcoholic beverages industry process raw materials into non-alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Non Alcoholic - Beverages Market Size And Drivers:
The global non-alcoholic beverages market is expected to grow from $378.38 billion in 2020 to $410 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $532.3 billion in 2025 at a CAGR of 7%. World population is growing and is expected to reach 10 billion by 2050. Increase in population creates more demand for food.
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Trends In The Global Non Alcoholic - Beverages Market
Increasing health awareness and consciousness among consumers, is driving the demand for beverages that provide nutrition, antioxidants and probiotics. Health beverages support detoxing, weight loss, digestive health, nutrition and in some cases act as meal replacements.
Global Non Alcoholic - Beverages Market Segments:
The global non alcoholic - beverages market is further segmented based on type, distribution channel, category and geography.
By Type: Coffee And Tea, Soft Drink And Ice.
By Distribution Channel: Off-Trade Channels, On-Trade Channels.
By Category: Mass, Premium.
Subsegments Covered: Coffee, Tea, Soft Drinks, Ice.
By Geography: The global non alcoholic - beverages market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global non alcoholic beverage market, accounting for 39% of the total market.
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Non Alcoholic - Beverages Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides non alcoholic beverages market overviews, analyzes and forecasts market size and growth for the global nonalcoholic beverages market, non alcoholic - beverages market share, non alcoholic beverages market players, non alcoholic beverages market segments and geographies, non alcoholic beverages market’s leading competitors’ revenues, profiles and market shares. The nonalcoholic beverages market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.