Nonalcoholic Beverage Market Share, Product Scope, Supply Demand, Trends And Forecasts to 2025 “The market is anticipated to grow at a significant CAGR of 5.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe.”
Global Nonalcoholic Beverage Market is anticipated to reach USD 1.60 trillion by 2025. Nonalcoholic Beverage is also termed as “Virgin drink”. Non-alcoholic beverages contain less than 0.5% alcohol. The factors that drive the growth of the market include increasing awareness among consumers toward proper health and wellbeing, changing lifestyle, influx of convenience beverages. Furthermore, increasing focus on R&D among key players with regards to low or zero-calories drinks is estimated to witness high growth in the years to come. On the other hand, there are factors that may hamper the growth of the market such as strict government rules and regulations related to the ingredients in non-alcoholic beverages and increasing awareness regarding among consumers regarding health hazards such as diabetes resulting out of excessive consumption of nonalcoholic beverages. The market is anticipated to grow at a significant CAGR of 5.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Nonalcoholic Beverage Market may be explored by product, distribution channel and geography. Market may be explored by products as Functional Beverages, Carbonated Soft Drinks (CSDs), Sports Drinks, Fruit Beverages, Bottled Water and other. The “Functional beverage” dominated the Beverage Market in 2016 and anticipated to maintain its dominance by 2025.
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