Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- With emerging business utilities in construction, power, and automotive sectors in developing countries, GDP is expected to strengthen, thus increasing the disposable income in these regions. Growing disposable income in developing economies will boost demand for convenience foods and drinks, influencing demand for non-alcoholic drinks in the coming years.However, rising health awareness regarding long-term health implications of excess consumption of sugary and artificially sweetened drinks will impact growth of the non-alcoholic drinks market. North America leads the global non-alcoholic drinks market, followed by Asia Pacific. With rapid urbanization and changing lifestyle in developing economies such as India, China, and Singapore, Asia Pacific will emerge as the largest market for non-alcoholic drinks by 2020.
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Obesity is a major health problem in North America and Europe and is significantly related to excess consumption of sugary and artificially sweetened drinks. To cater to changing consumer requirements, several non-alcoholic drinks manufacturers have introduced diet drinks and no-sugar drinks to offer reduced calories in drinks.By product, the non-alcoholic drinks market is divided into soft drinks, tea and coffee, dairy drinks, bottled water, and juice. Soft drinks stand as the largest product segment and their total consumption was 471.07 billion liters in 2013. Rapid industrialization has led to increasing disposable incomes, predominantly in emerging markets, fueling demand for soft drinks.However, the tea and coffee product segment is expected to exhibit the fastest growth, at a 7.0% CAGR between 2014 and 2020.
North America accounts as the dominant market for non-alcoholic drinks and was valued at US$220.79 billion in 2013. Due to rising health awareness, the non-alcoholic drinks market in this region will witness stable growth in the coming years.Asia Pacific, however, is expected to exhibit the fastest growth in the coming years. The non-alcoholic drinks market in the region was valued at US$332.22 billion 2013 and will display a 6.8% CAGR from 2014 to 2020. The Rest of the World (RoW) region holds significant promise for non-alcoholic drinks, with major product variants yet to be launched in these markets. Major companies operating in the global non-alcoholic drinks market are A.G. Barr, plc, Dydo Drinco, Inc., Nestle S.A. (Switzerland), The Coca-Cola Company, Dr. Pepper Snapple Group Inc., Attitude Drinks, Inc., Calcol Inc., Danone , and PepsiCo Inc.
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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
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