Global Non-Alcoholic Beverage Market is Projected to Reach $1,189 Billion by 2023 - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Non - Alcoholic Beverage Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global non-alcoholic beverage market is recording a CAGR of 4.7% during 2018-2023. It is estimated to generate a revenue of USD 1189.10 billion in 2023.
The Asia-Pacific region is displaying the highest growth among all other regions, owing to the increased availability of packaged cola drink based products in the remote regions. The innovative marketing strategies being introduced by major vendors is also driving the market growth.
Health and wellness awareness is a trend which has significantly impacted the food and beverage industry in recent years. Not only does the increased focus on health and wellness cause consumers to make replacement choices (replacing "bad-for-you" beverages with "good-for-you/healthy" choices), but it also creates new purchasing occasions through preventative/functional beverages and meal replacements.
Consumers are increasingly looking to beverages to play new roles in their diets and health routines. Drinkable breakfasts and beverages as snacks are fueled by consumer interest in nutrition and performance drinks that act as meal replacements and guilt-free snacks.
Non-alcoholic Industry leaders should expect consumers in 2018 to demand beverages that are of improved quality and innovative, whether for refreshment, satiety, energy, immunity boosting, sleep aid, blood sugar management, or a host of other functional benefits now associated with these multifunctional power beverages.
The global energy & sports drinks market is expected to reach USD 95.52 billion by 2023 with a CAGR 5.2% over the forecast period. The promise of a convenient, on-the-go caffeinated beverage, along with more flavor choices and natural ingredients, continues to drive the energy drinks market.
Key Topics Covered
2. Research Approach and Methodology
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. List of Company ProfilesAttitude Drinks Berry Blendz Biotta Inc. Kraft Foods Coca Cola Company California Concentrate Company Cutrale Citrus Juices USA Inc. Dr. Pepper Snapple Group Danone David Berryman Limited
For more information about this report visit https://www.researchandmarkets.com/research/hng3x5/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005400/en/
Laura Wood, Senior Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Soft Drinks
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE WINE & SPIRITS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/31/2018 01:11 PM/DISC: 08/31/2018 01:11 PM