Posted: Aug 22, 2019
MarketResearch.biz delivers in-depth insights on the global non-alcoholic beverages market in its upcoming report titled, “Global Non-alcoholic Beverages Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global non-alcoholic beverages market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global non-alcoholic beverages market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global non-alcoholic beverages market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global non-alcoholic beverages market report has been segmented on the basis of product, distribution channel, and region.
Alcohol free, or non-alcoholic drinks or beverages are basically a non-alcoholic version of an alcoholic drinks. The definition of "alcohol-free" may differ from one region to another. The term "non-alcoholic" is often used to describe a drink that contains 0.0% alcohol by volume (ABV). However, most drinks advertised as "non-alcoholic" or "alcohol free" actually contain certain amount of alcohol. For example, Finland has a quite high ABV regulation for non-alcoholic drinks that are classified as alcoholic drink by most other countries. Most types of non-alcoholic beverages are also referred to as soft drinks.
Rising demand for healthy beverages that contain natural ingredients and are alcohol free, coupled with changing lifestyle, increasing disposable income are key factors driving growth of the global non-alcoholic beverages market. In addition, changing tastes and preferences of individuals and manufacturers focusing on developing new flavors for drinks are other factors expected to propel growth of the global non-alcoholic beverages market over the forecast period.
However, health issues due to over consumption of carbonated drinks is a major factor restraining growth of the global non-alcoholic beverages market. Additionally, increasing government taxes on raw materials for non-alcoholic beverages especially on sugar, and stringent government regulations on use of water for manufacturing of non-alcoholic beverages are another factors expected to hamper growth of the global non-alcoholic beverages market over the forecast period.
Introduction of calorie free and zero sugar based non-alcoholic beverages are major opportunities for prominent players in the market to expand their market presence and revenue share.
Currently, the market in North America dominates the global non-alcoholic beverages market in revenue terms owing to high consumption of carbonated beverages and presence of prominent international beverage manufacturing and distributing companies in countries in the region. The market in Europe accounted for second-highest revenue share in the global non-alcoholic beverages market, due to high disposable income and changing lifestyle, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to rising demand for non-alcoholic beverages and increasing disposable income in emerging economies such as China, Japan, and India.
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