Non-alcoholic Drinks Market Rising With Growth In New Technology Trends Research By 2025


The global non-alcoholic drink market size is expected to reach USD 1.6 trillion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% over the forecast period. Rising concerns over adverse effects associated with consumption of alcoholic beverages are expected to expand the use of functional beverages as alternatives. Moreover, increasing demand for healthy and nutritious on-the-go beverages has propelled the demand for wide variety of natural beverages in the market.
Functional beverages are expected to expand at the fastest CAGR of 6.0% from 2019 to 2025. Changing diet patterns among the young population owing to fast moving lifestyle have fueled the demand for functional products such as probiotic beverages. Moreover, these products are beneficial for improving gut health, bones strength, and immunity of the body. They provide essential nutrition for proper functioning metabolism and normal functioning of the body.
North America led the market and accounted for a share of 34.5% in 2018. Over the past few years, the major players of the region have been adopting marketing strategies including innovative product launch and mergers and acquisitions in order to cater to the increasing demand for natural, less sugary, and low calorie content beverages.
For instance, in January 2019, The Coca-Cola Company launched a new range of sparkling cocktails under the brand name ‘Bar None’ in U.S. This product is available in four flavor variants including Bellini Spritz, Sangria, Ginger Mule, and Dry Aged Cider. The company has introduced these beverages as a best alternative to the alcoholic beverages in the parties.
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https://www.grandviewresearch.com/industry-analysis/non-alcoholic-drinks-market/request/rs4
Further key findings from the report suggest:
·         By product, soft drinks held the largest share of 24.3% in 2018
·         The online distribution channel is expected to expand at a CAGR of 5.6% from 2019 to 2025
·         In terms of revenue, North America accounted for the largest share of 34.5% in 2018
·         Asia Pacific is projected to expand at the fastest CAGR of 6.0% from 2019 to 2025 owing to product innovation and establishment of partnerships with the distributors located in developing countries including China and India
·         Key players of non-alcoholic drinks market include PepsiCo, Inc.; The Coca-Cola Company; Danone S.A.; Starbucks Corporation; Nestle S.A.; Parle Agro; Suntory Beverage & Food Limited; Keurig Dr Pepper Inc.; Red Bull Gmbh; and Unilever.
The global non-alcoholic drink market size was valued at USD 1.1 trillion in 2018. Shifting customer focus towards a healthy lifestyle, coupled with changing diet patterns to consume nutrient-rich products, is expected to be a major factor driving the industry. Furthermore, rising concerns over adverse health implications associated with consumption of alcoholic drinks are projected to upscale the utility of alternative drinks including functional beverages and soft drinks.
Adult consumer groups are projected to remain key buyers over the forecast period. Increasing population of working people, gym goers, and athletes is expected to promote the demand for nutritious drinks, which will increase their performance as well as keep their energy level high throughout the day. This is expected to aid the growth of non-alcoholic beverages such as energy drinks, juices, as well as functional drinks in the next few years. Moreover, consumers are shifting towards natural and organic food products, which are tastier, healthier, and more nutritious. This consumption trend is gaining popularity among the young adult population across the globe.
Rising health consciousness has fueled the demand for natural ingredients drinks. Therefore, the beverage manufacturers are launching innovative low sugar and low calories soft drinks and other natural drinks to cater to the increasing demand from the health conscious consumers. Sports drinks, energy drinks, antioxidant beverages, and functional drinks such as probiotic drinks are gaining popularity among health conscious consumers and have become a key trend in the market. Manufacturers are taking efforts to promote various health benefits associated with these products through various marketing strategies including celebrity campaigns.
Governments across the globe are taking initiatives in order to regulate and limit the consumption of alcoholic beverages as well as promote the juices and healthy drinks. Over the past few years, food preferences of the consumers have been shifting gradually to fresh fruit beverages. Furthermore, rising awareness regarding healthy diets such as fresh fruit juice, raw food diet, and paleo diet is expected to remain one of the key trends.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-non-alcoholic-drinks-market
According to the World Health Organization (WHO), in 2016, more than 1.9 billion adults aged 18 years and older in the world were under the overweight category. Moreover, in 2016, more than 340 million children and adolescents aged between 5 to 19 were overweight or obese. These health issues are expected to promote the utility of non-alcoholic beverages including functional drinks.
Soft drinks held the largest share of 24.3% in 2018. Major manufacturers are launching new products with less sugar content and no artificial preservatives and colors as they are the cause for the chronic diseases including diabetes and cardiovascular diseases across the globe. For instance, in May 2018, The Coca Cola Company launched a new light and less sugary juice namely ‘Simply Light’. This product is launched in response to increasing demand for the healthier fruit drinks. These product launches are projected to have a strong impact on the segment growth in the near future.
Functional drinks are expected to expand at the fastest CAGR of 6.0% from 2019 to 2025 owing to hectic lifestyle among the working population across the globe. This segment is projected to witness significant growth in the coming years on account of its increasing popularity as a nutritional product, which ensures the bioavailability of nutritional ingredients to the human body.
Grand View Research has segmented the global non-alcoholic drinks market on the basis of product, distribution channel:
Non-alcoholic Drinks Product Outlook (Revenue, USD Billion, 2015 - 2025)
·         Soft Drinks
·         Bottled Water
·         Tea & Coffee
·         Juices
·         Dairy Drinks
·         Functional Drinks
·         Others
Non-alcoholic Drinks Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
·         Offline
·         Online
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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