Albany, NY, June 23, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Non-Alcoholic Drinks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020," the market was valued at USD 1,435.25 billion in 2013, which is expected to reach USD 1,937.73 billion by 2020, growing at a CAGR of 4.3% from 2014 to 2020. In terms of volume, the global non-alcoholic drinks market was valued at 912.77 billion liters in 2013 and is expected 1289.03 billion liters by 2020, growing at a CAGR of 4.9% from 2014 to 2020.
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Changing customer needs and introduction of new flavors and product variants are the major factors driving demand for non-alcoholic drinks globally. With large of upcoming business utilities in automotive, power and construction sector in developing countries, the per-capita income is expected to increase over the forecast period, thereby increasing the disposable income of consumers. Increasing disposable income in emerging economies is expected to have high impact on demand for non-alcoholic drinks in the long run.
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However, increasing health awareness is one of the restraining factors for growth of the non-alcoholic drinks market. North America is one of the major markets for non-alcoholic drinks followed by Asia Pacific. However, with the rapidly changing lifestyle in the developing countries such as India, Singapore and China among others, Asia Pacific is expected to be one of the largest markets for non-alcoholic drinks by 2020.
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However, the consumption rate in North America has decreased in recent years owing to increasing health awareness among the younger generation. Obesity is one of the major health problems in North America and Europe. The major manufacturers in the non-alcoholic drinks market have introduced zero-sugar and diet drinks which meet the consumers' demands of reduced calories to cater with changing consumer requirements.
Soft Drinks segment accounted for the largest revenue share in 2013. The Tea and Coffee segment is the fastest growing segment, growing at a CAGR of 7.0%. North America is the largest market for non-alcoholic drinks. However, Asia Pacific is expected to be the fastest growing market, growing at a CAGR of 6.8% from 2014 to 2020. Apart from this, rest of the world is also having a huge untapped potential for non-alcoholic drinks with large number of variants yet to be introduced in these markets.
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Major industry participants include A.G. Barr, plc. (U.K.), Dr. Pepper Snapple Group, Inc. (U.S.), Dydo Drinco, Inc. (Japan), Attitude Drinks, Inc. (U.S.), LiveWire Ergogenics, Inc. (U.S.), Calcol, Inc. (U.S.), Danone (France), Nestlé S.A. (Switzerland), PepsiCo, Inc. (U.S.) and The Coca-Cola Company (U.S.). The report studies the global non-alcoholic drinks market, and provides estimates in terms of revenue (USD Billion) and volume (Billion Liters) from 2014 to 2020. Market estimates on the basis of product type have also been provided for each region.
Other Reports Published by Transparency Market Research :
- Bottled Water Market: http://www.transparencymarketresearch.com/bottled-water-market.html
- Flavored and Functional Water Market: http://www.transparencymarketresearch.com/flavored-functional-water.html
- Food Preservatives Market: http://www.transparencymarketresearch.com/food-preservatives-market.html
The Market has been Segmented as follows:
Non-Alcoholic Drinks Market, by Product
- Soft Drinks
- Bottled Water
- Tea and Coffee
- Dairy Drinks
Non-Alcoholic Drinks Market, by Geography:
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
Rest of the World
- Middle East
Browse All Food & Beverages Market Research Reports: http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research