Product Overview Non-alcoholic beverages include beverages that contain less than 0.00% alcohol. In the hotel industry, they are served with cocktails and mocktails. Many drinks have nutritional value and are used to improve health, including energy drinks, juices and soft drinks, and are therefore consumed by a large number of people around the world.
New York, Aug. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Soft Drinks Market: Market Segments: By Product; by distribution channel; and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecast to 2030″ – https://www.reportlinker.com/p06191547/?utm_source=GNW
Moreover, manufacturers are focusing on creating new products to satisfy the changing demands and tastes of customers.
The global soft drinks market will exceed USD 2,125 billion by 2030, from USD 969 billion in 2018, at a CAGR of 4.6% throughout the forecast period, i.e. 2019- 30
Rising consumption of energy drinks is expected to drive the growth of the market owing to busy schedules, urbanization, and increasing health concerns. The soft drinks market is driven by the growing demand for functional drinks to supplement health without impairing taste. The increase in disposable income has contributed to high consumption of non-alcoholic beverages as well as changing lifestyles. In addition, concerns over health issues and growing awareness of energy drinks are some of the factors contributing to the growth of the global soft drinks market over the forecast period. Moreover, the mere availability of these beverages has increased the consumption of soft drinks in supermarkets and online platforms.
Global Soft Drinks Market: Segments
Functional Beverage Segment Expected to Grow with Highest CAGR in 2019-30
The global soft drinks market is segmented by product into CSD, fruit drinks, bottled water, functional drinks, sports drinks. consumers. Due to specific safe properties and substitutes for carbonated soft drinks, the fruit drink category is the second largest category. Due to growing awareness of tap water quality, bottled water is expected to experience the second fastest growth rate. As the fastest growing product segment over the forecast period, functional drink is expected to emerge. The growth is due to the emergence of more value-oriented and health-conscious smart consumers. The growth of smarter, health-conscious, value-driven customers is forcing the industry to shift the focus from carbonated soft drinks to functional beverages.
Supermarket/Hypermarket Segment Expected to Grow with Highest CAGR in 2019-30
The global soft drinks market is segmented by distribution channel into supermarkets and general merchants, food service and beverage outlets, convenience stores and gas stations, vending machine operations and others. Based on the distribution channel, supermarkets and convenience stores held the largest share in 2018 and it is expected to grow with the fastest growth rate over the forecast period. Another largest distribution channel is through food services and drinking places, which include takeaways, fast food outlets, pubs and full-service restaurants. The demand for this channel is expected to increase over the forecast period, and a significant growth rate over the forecast period is expected for the segment. It is anticipated that food service providers, hotels and restaurants will be important channels for driving the global soft drinks market.
Global Soft Drinks Market: Market Dynamics
Strong demand for ready meals and changing eating habits
The product available with more flavor options and natural ingredients, an easy-to-go caffeinated beverage, continues to drive the energy drink market. To replenish water and electrolytes lost through sweat during exercise, clients use sports drinks. Sports drinks also contain sugar-based carbohydrates, electrolytes and minerals, and sometimes calcium, vitamins or caffeine. Advances in beverage recycling and processing technologies, coupled with rising disposable income and living standards, are expected to drive the growth of this industry. The increase in demand in developing countries such as India and China, given a huge population, generates a favorable market for increased production with high growth potential in the coming years.
Increase in disposable income and increase in labor force
The global industry is growing with a growing population and disposable income, as well as a growing number of intelligent, value-driven customers. The market is expanding owing to the increase in consumption of take-out products due to hectic lifestyles coupled with rapid urbanization. Coupled with discerning consumers, the rapid evolution of technology leads to pressure for product augmentation and the growth of new products. In order to meet the requirements and regulations imposed across continents, companies are investing heavily in research to create new products. Stretching and expanding the product line has been a critical factor in achieving success in this industry.
Growing concerns about health issues
Due to the increase in health problems such as obesity and diabetics, the consumption of soft drinks might decrease its market share. Additionally, government controls on sugary drinks and rising import duties have further hampered the growth of the industry. However, the high cost of these beverages in some parts of the world may hamper the global growth of non-alcoholic beverages.
Global Soft Drinks Market: Regions
The global soft drinks market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, APAC and the MENA region.
The global North America soft drinks market held the largest market share of XX% in 2018 owing to the presence of developed economies and early adoption of soda products. The US-led region is home to many internationally renowned beverage manufacturers, such as PepsiCo and Coca-Cola. Due to the existence of different untapped markets, huge population and rising disposable income, Asia-Pacific has become the fastest growing area in the soft drink industry. The area dominated by emerging economies, such as China, India, Thailand and Malaysia, has a competitive advantage over other regions, due to low labor cost and availability of raw materials . The global soft drinks market is expected to be driven by the growing demand for different soft drinks from these regions.
The global soft drinks market which is highly competitive comprises several major players such as AG Barr, Dr. Pepper Snapple Group, DydoDrinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestlé SA, PepsiCo, Inc. and The Coca-Cola Company hold substantial market share in the global soft drinks market. Other players analyzed in this report are Kraft Foods Group, Inc., Suja Life, LLC, FreshBev, Pressed Juicery, Suntory Beverage & Food, Unilever, Asahi Group, Jacobs Douwe Egberts and Kirin Holdings Co.aong others.
The global soft drinks market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
Global Soft Drinks Market: Key Players
Key Product Offerings
Key performance indicators
The Coca-Cola Company
Red Bull GmbH
Keurig Dr. Pepper Inc.
Monster Beverage Corporation
Beverages Arizona United States
The Global Non-Alcoholic Beverages Market Report Also Contains Analysis Of:
Global Soft Drinks Market Segmentation:
Carbonated Non-Alcoholic Drinks (CSD)
By distribution channel:
Supermarkets and general merchants
Food services and drinking places
Convenience stores and gas stations
Operation of vending machines
Non-Alcoholic Beverages Market size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Read the full report: https://www.reportlinker.com/p06191547/?utm_source=GNW
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