The non-alcoholic beverages manufacturing market comprises of sales of the beverages that do not comprise any alcohol by the several entities (organizations, sole traders and partnerships) that introduce the beverages that do not comprise any alcohol. The corporate in the non-alcoholic beverages industry procedure raw materials into non-alcoholic beverages, package and allocate them through several distribution channels to both individual consumers and commercial establishments.
According to the report analysis, ‘Non Alcoholic – Beverages Global Market Report 2019’ states that in the non-alcoholic beverages global market there are several companies which presently operating more professionally for leading the fastest market growth and registering the handsome value of market share around the globe during the coming years while developing the applications of the non-alcoholic beverages, developing the strength, productivity, and durability of the products, decreasing the price of such, delivering the better consumer satisfaction and spreading the awareness related to the non-alcoholic beverages across the globe includes PepsiCo, Coca-Cola, Nestle, Suntory Holdings Limited, Red Bull GmbH and several others.
In addition, the effective growth in the health awareness and consciousness amongst the consumers is propelling the requirement for the beverages that deliver the nutrition, antioxidants and probiotics. The Health beverages assistance detoxing, weight loss, digestive health, nutrition and in some cases function as meal replacements. For instance, Kombucha, an enflamed tea made from a mixture of yeast, bacteria culture, sugar and tea is progressively being consumed as the health beverage. According to the Beverage Daily, the Kombucha market is predicted to increase 25% annually until 2020.
Not only has this, due to the aspects such as growing disposable income, populace growth, and transforming lifestyle. The significant augment in the concerns regarding obesity and health awareness are predicted to trigger the growth of purposeful beverage and bottled water product sector, while at the same time restrict the requirement for the carbonated drinks. However, the booming requirement for the functional beverages in order to enhancement health without fluctuating the taste is influencing the non-alcoholic beverage market. Augment in the approachability and regulations of the non-alcoholic drinks worldwide is one of the foremost factors augmenting the product preference leading to augment the consumption. Whereas, the significant augment in the health awareness and requirement for the nutrition-oriented products have exaggerated the carbonated drinks market majorly.
Based on the region, the Asia Pacific region was the largest economy in the worldwide non-alcoholic-beverages market, registering for 37% of the market in 2018. Western Europe was the second largest region dominating for 24% of the international non-alcoholic-beverages market. For instance, the Africa was the smallest region in the worldwide non-alcoholic-beverages market.
Furthermore, the progressively growth in the concern toward obesity and several other health problems is reshaping the worldwide non-alcoholic beverage industry. The requirement for the functional beverages, such as relaxation drinks, energy drinks, and prepared to drink coffees and teas, is achieving the popularity due to their low-calorie contents. Therefore, in the near years, it is predicted that the market of non-alcoholic beverages will increase around the globe more significantly over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications