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Showing posts with the label Nonalcoholic Beverage Market Share

Non-Alcoholic Beverage Market - Forecast(2021 - 2026)

Non-Alcoholic Beverage Market size is valued at $1,592Bn in 2019, and is anticipated to grow at a CAGR of 12.74% during the forecast period 2020-2025. The Non-Alcoholic Beverage Market growth rate is attributed to the changing diet patterns to consume nutrient-rich products, rising concerns over adverse health implications associated with consumption of alcoholic drinks coupled with the shifting customer focus towards a healthy lifestyle to upscale the utility of alternative drinks including functional beverages and soft drinks. From growing concern toward obesity and other health problems in reshaping the global non-alcoholic beverage industry with increasing investments in R&D by manufacturers thereby, growing rate of regulatory approvals for new products to the demand for functional beverages, such as relaxation drinks, energy drinks, and ready to drink coffees and teas, is gaining popularity owing to their low-calorie contents is anticipated to propel the Non-Alcoholic Beverag...