Albany, NY, May 12, 2016 (GLOBE NEWSWIRE) -- The major factors said to benefit the global non-alcoholic drinks market include the rising disposable incomes in developing regions, changing consumer food and beverage preferences, and the introduction of numerous flavors and variants in the non-alcoholic beverages market.
Transparency Market Research has announced the publication of a market research report that examines the global market for non-alcoholic drinks and its crucial elements. The report gives an expansive overview of the market with the help of detailed quantitative as well as qualitative data pertaining to the past and present states of market elements, along with an analysis of the impact of the major growth drivers, challenges, and trends on the market’s future developmental aspects.
The report states that the global non-alcoholic beverages market, which had a valuation of US$1,435.25 bn in 2013, will expand at a 4.3% CAGR over the period between 2014 and 2020 and reach US$1,937.73 bn by 2020. In terms of volume, the market is expected to expand at a similar 4.9% CAGR, propelling the consumption of non-alcoholic beverages from 912.77 bn liters in 2013 to 1,289.03 bn liters by 2020.
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However, the rising concerns regarding the health effects of artificially sweetened beverages will restrain the overall growth of the global non-alcoholic beverages market to a certain extent.The report segments the market on the basis of two criteria: product type and geography. On the basis of product type, the market has been segmented into soft drinks, dairy drinks, tea and coffee, bottled water, juice, and others. On the basis of geography, the market has been segmented into Europe, North America, Rest of the World, and Asia Pacific.
Of the key product types studied, the segment of soft drinks led the market with a volume of 471.07 bn liters in 2013. The demand for soft drinks has especially seen a significant rise in emerging countries owing to the rising disposable incomes of the population in these regions. Over the forecast period, however, the segment of tea and coffee products is expected to expand at the fastest pace, an estimated 7.0% CAGR, over the report’s forecast period.
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Of the key regional markets examined in the report, North America dominated the global market for non-alcoholic beverages. However, over the report’s forecast period, the market for non-alcoholic beverages in Asia Pacific is expected to expand at the fastest pace.
Soft drink is the largest product segment valued at 471.07 billion liters in 2013. However, tea and coffee segment is expected to be the fastest growing market growing at a CAGR of 7.0% from 2014 to 2020. Increasing amount of disposable income owing to rapid industrialization is one of the major factors fueling the demand for soft drinks. However, Asia Pacific is also one of the major markets for non-alcoholic drinks. The non-alcoholic drinks market in Asia Pacific was valued at USD 332.22 billion in 2013 and is expected to be fastest growing market for non-alcoholic drinks.
North America is the largest market for non-alcoholic drinks valued at USD 220.79 billion in 2013. However, owing to increasing health awareness among all age groups the non-alcoholic drinks market in North America is expected to experience stable growth throughout the forecast period. However, Asia Pacific is also one of the major markets for non-alcoholic drinks. The non-alcoholic drinks market in Asia Pacific was valued at USD 332.22 billion in 2013 and is expected to be fastest growing market for non-alcoholic drinks.
Some of the key vendors in the market profiled in the report are Nestlé S.A., Danone, The Coca-Cola Company, PepsiCo Inc., Calcol, Inc., Attitude Drinks, Inc., A.G.Barr, p.l.c., LiveWireErgogenics, Inc., DydoDrinco, Inc., and Dr Pepper Snapple Group, Inc.
The report segments the global non-alcoholic drinks market as:
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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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decisionmakers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research