global non-alcoholic beverage market size 2020

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research., Cancellation of the major events in sports like the World Cup 2020 and Olympics led to the downfall in sale of non-alcoholic drinks in the market.The Global Non-alcoholic Drinks Market can be segregated into product type, distribution channels, and region. The area, driven by the U.S., is home to numerous universally prestigious refreshment makers like PepsiCo and Coca-Cola. Also, the experts gather reliable information from the paid databases. Please wait while we are processing your request Non-alcoholic Drink Market Size, Share, Global industry Report, 2025. This way, we ensure that all our clients get reliable insights associated with the market. Market Trends & Developments14. All the interviews are conducted across the globe. Among these regions, South America is expected to grow at a rapid CAGR of over 6.00% during 2021E-2026F and is expected to be the fastest-growing region in the forecast period due to an increase in the sale of functional drinks, energy drinks, and flavored drinks. Impact of COVID-19 on Global Non-Alcoholic Drinks Market4. b. The district is driven by developing economies, like China, India, Thailand, and Malaysia. The last step of the report making revolves around forecasting of the market. The COVID-19 pandemic has impacted every industry such as Aerospace & Defence, Agriculture, Food & Beverages, Automobile & Transportation, Chemical & Material, Consumer Goods, Retail & eCommerce, Energy & Power, Pharma & Healthcare, Packaging, Construction, Mining & Gases, Electronics & Semiconductor, Banking Financial Services & Insurance,ICT and many more. Verified Market Research uses the latest researching tools to offer accurate data insights. Factors Influencing Purchase Decision4.2. Fruit and vegetable juices are expected to find applications in product forms including ready-to-go drinks, snack seasoning, confectionery, and baked goods owing to their exceptional flavoring properties. We appoint data triangulation strategies to explore different areas of the market.

Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Global Non-Alcoholic Drinks Market, By Product Type (Carbonated Soft drinks, Functional/Energy & Sports Drinks, Fruit Juices & Flavored Drinks, Bottled Water and Others), By Distribution Channel, By Region, Competition Forecast & Opportunities, 2016-2026F", Suntory Beverage & Food Ltd14.1.4. Refresco Group14.1.10. Governments across the globe are taking initiatives in order to regulate and limit the consumption of alcoholic beverages as well as promote juices and healthy drinks. Offline was the largest distribution channel, accounting for a share of 81.2% in 2018. To gain a significant market share in the global Non-alcoholic beverages market, the key players are now focusing on adopting strategies such as mergers & acquisitions, collaborations, product innovations, recent developments, joint ventures, and partnerships. Verifying the collected data in terms of accuracy and reliability. b. Our analysts offer market evaluations and forecasts using the industry-first simulation models. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. We use cookies to enhance your experience. Expansion in accessibility and guidelines of non-alcoholic worldwide is one of the key variables driving the item inclination prompting expanded utilization. The offline channel includes supermarkets, retail outlets (company-owned or franchisee-owned), convenience stores, and convenience stores. By Product Type (Bottled Water, Fruit Juices & Flavored Drinks, Carbonated Soft drinks, Functional/Energy & Sports Drinks, Others (Dairy-based Drinks, Sodas, etc.))6.2.2. Different elements of research methodology appointed by our experts include: Market is filled with data. No purchase commitment. The pandemic has changed common systems around the world. We are GDPR and CCPA compliant! To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Non-alcoholic Drinks Market.7. By continuing to visit this site you agree to our use of cookies: Banking Financial Services & Insurance Industry, Internet, Communication, Software & Services, ICE, Electric, Hybrid, Autonomous Vehicles, Industrial Motors, Pumps, And Control Devices, Power Generation, Transmission And Distribution, Food & Beverage Logistics, Cold Chain & Packaging, Food & Beverage Processing and Technology. North America Non-Alcoholic Drinks Market Outlook8. These medical problems are relied upon to advance the utility of non-cocktails including useful beverages. Furthermore, the easy availability of these drinks in supermarkets and online channels has increased the consumption of the non-alcoholic beverages. Addition or alteration to country, regional & segment scope. Furthermore, rising concerns over adverse health implications associated with the consumption of alcoholic drinks are projected to upscale the utility of alternative drinks including functional beverages and soft drinks. The establishment of R&D centers for product innovation, coupled with strategic partnerships with investment companies in order to launch new innovative products as per the customers demand in the region, is expected to remain a critical success factor over the next few years. Also, Governments across the globe are taking drives to control and restrict the utilization of alcoholic just as advanced juices and solid beverages. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites. In addition, the company has introduced these beverages as the best alternative to alcoholic beverages at parties. There is no language barrier due to our experienced and multi-lingual team of professionals. Taking into account all the above-mentioned factors, producers are likely to focus on technology innovation to gain maximum market share. Voice of Customer4.1. This consumption trend is gaining popularity among the young adult population across the globe. The Supermarket/Hypermarket portion overwhelmed the market and held the biggest piece of the pie in the year 2020. Drivers12.2. Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors Provision of market value (USD Billion) data for each segment and sub-segment Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions Includes an in-depth analysis of the market of various perspectives through Porters five forces analysis Provides insight into the market through Value Chain Market dynamics scenario, along with growth opportunities of the market in the years to come 6-month post sales analyst support. For instance, Flipkart, an online giant in India, which has become a part of Walmart, launches discount offers from time to time in order to propel sales. This, in turn, promotes online sales of grocery products such as soft drinks, flavored milk, bottled water, and coconut water. Carbonated Soft Drinks (CSDs) Fruit Beverages Bottled Water Functional Beverages Sports Drinks Others. Rising health consciousness has fueled the demand for natural ingredients drinks. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. Based on Distribution Channel, The market is classified into Supermarkets and Hypermarkets, Food Service & Drinking Places, Convenience Stores & Gas Stations, Vending Machine Operations, and Others. As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted in 2019-2020. The Global Non-alcoholic Drinks Market size was valued at USD927.50 billion in 2020 and is projected to grow at a CAGR of 5.72% during the forecast period to reach around USD1.28 trillion by 2026, on account of rising personal disposable income because of which people are shifting to healthier alternatives like fruit juices and energy drinks. Red Bull GmbH14.1.8. Major players including Walmart, Amazon, and 7-Eleven are significantly investing in developing countries such as India, Thailand, and Taiwan, in order to cater to the increasing consumer demand in the region. Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. Owing to the changing tastes and preferences of consumers, there have been rapid developments in non-alcoholic drinks products by various market players.Objective of the Study:1. 6. Which segment accounted for the largest non alcoholic drinks market share? b. Competitive Landscape14.1.1. Due to its cooling properties, clients are buying new and enhanced CSDs in the market as a refreshment. We largely focus on the following parameters for forecasting about the market under lens: We assign different weights to the above parameters. Monster Energy14.1.9. Functional drinks are expected to expand at the fastest CAGR of 6.0% from 2019 to 2025 owing to the hectic lifestyle among the working population across the globe. The Global Non-Alcoholic Beverage Market is competitive in nature. Furthermore, growing concern about health problems and rising awareness regarding energy drinks are among the factors leading to stimulate the growth of the global Non-Alcoholic Beverage Market over the forecast period. We work with our clients in every step of the work, from exploring the market to implementing business plans. Supermarkets and Hypermarkets Food Service & Drinking Places Convenience Stores & Gas Stations Vending Machine Operations Others. What are the top players operating in the Non-Alcoholic Beverage Market? North America Europe Asia Pacific Rest of the World. In the course of recent years, the food inclinations of customers have been moving step by step to new organic product refreshments. Non-Alcoholic Beverage Market size was valued at USD 963.76 Billion in 2020 and is projected to reach USD 1762.34 Billion by 2028, growing at a CAGR of 7.81% from 2021 to 2028.

Also, the high cost of such beverages may hamper the growth of global Non-Alcoholic Beverage in some parts of the world. Free report customization (equivalent up to 8 analysts working days) with purchase. In addition, in March 2019, according to a report published by The Wall Street Journal, Amazon is launching a new brand for grocery stores across major cities in the U.S. for gaining a larger market share. These rapid innovations led to an increase in the non-alcoholic drinks market.Recent trend in the market shows that consumers are becoming more health conscious which is leading to an increase in the demand for nutritious drinks and low sugar non-alcoholic drinks due to which sports and energy drinks are expanding into the market. Research Methodology3. Additionally, the Asia Pacific arose as the quickest developing district in the non-alcoholic industry inferable from the presence of different undiscovered business sectors, gigantic populace, and increasing disposable income. Middle East and Africa Non-Alcoholic Drinks Market Outlook12. The population around the globe had restricted themselves going out of their home and edge towards confining themselves to their homes which is impacting all the market negatively or positively.According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections. The spread of coronavirus has crippled the entire world. Competitive landscape and component benchmarking, Market revenue estimates and forecast up to 2027, Market revenue estimates and forecasts up to 2027, by technology, Market revenue estimates and forecasts up to 2027, by application, Market revenue estimates and forecasts up to 2027, by type, Market revenue estimates and forecasts up to 2027, by component, Regional market revenue forecasts, by technology, Regional market revenue forecasts, by application, Regional market revenue forecasts, by type, Regional market revenue forecasts, by component, Impact on each country and various region, Positive and negative scenarios of the market during the ongoing pandemic, Impact on various sectors facing the greatest drawbacks are manufacturing, transportation and logistics, and retail and consumer goods. Major manufacturers are launching new products with less sugar content and no artificial preservatives and colors as they are the cause of chronic diseases including diabetes and cardiovascular diseases across the globe. Most beverages, including energy drinks, juice, and soft drinks provide nutritional value and are used to improve health, hence consumed by a large set of people across the world. Pepsi Co. and The Coco-Cola Co. are some of the key manufacturers operating in the Non-alcoholic beverages market. For instance, in March 2019, Gujarat Cooperative Milk Marketing Federation Limited (GCMMF) announced to launch of fruit juices under its renowned brand name Amul in four flavors: Orange, Apple, Mango, and Lychee. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our experts deliver the best research reports that have revenue generating recommendations. Complimentary 10 hours free analyst time for market review, 3. 1. Asia-Pacific Non-Alcoholic Drinks Market Outlook10. All of this is fed to the research model which then churns out the relevant data for market study. Last piece of the market research puzzle is done by going through the data collected from questionnaires, journals and surveys. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Product Overview2. This website is secure and your personal details are safe. Consumers are shifting toward organic drinks that do not contain chemical ingredients. Consumers are shifting toward organic drinks that do not contain chemical ingredients. The 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 levels high throughout the day. Increasing disposable income along with changing lifestyles has led to high consumption of Non-Alcoholic Beverages. We never share your personal data. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation. Over the past few years, the food preferences of consumers have been shifting gradually to fresh fruit beverages. Avail customized purchase options to meet your exact research needs. How big is the non alcoholic drinks market? Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States.