Non-Alcoholic Beverage Market Growth, Demand and Challenges of the Key Industry Players 2028

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Global Non-Alcoholic Beverage Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Non-Alcoholic Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Fore cast 2023-2028

," the global non-alcoholic beverage market size reached US$ 882 Billion in 2022.

Non-alcoholic beverages, also known as virgin or temperance beverages, refer to soft drinks that are alcohol-free or contain alcohol reduced to 0.5 percent of liquor volume. Some commonly available product variants are bottled water, squashes, syrups, tonic, soda, Pepsi, coke, cocktails, mocktail, sports and energy drinks, ready-to-drink tea, coffee, carbonated soft drinks, and juices.

These beverages help enhance cardiovascular health and digestive functioning, rehydrate the body, boost metabolism, and reduce anxiety and stress. As a result, non-alcoholic beverages are widely adopted across retail, food service, online stores, supermarkets, and hypermarkets across the globe.

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Global Non-Alcoholic Beverage Market Trends:

The market is primarily driven by increasing health awareness and the growing consumer inclination toward healthy beverage options enriched with nutrients. In addition, the rising consumer consciousness regarding health and wellness is accelerating the consumption of fruit juices, functional beverages, dairy-based drinks, zero-proof spirits, alcohol-free cocktails, low calories, and low-carb drinks. Moreover, the growing prevalence of several chronic disorders caused due to regular alcohol intake, including liver cirrhosis, irregular blood pressure, gastrointestinal illness, and cardiovascular diseases, are escalating the demand for non-alcoholic beverages. Besides this, the introduction of innovative product variants with similar color, taste, and texture to alcoholic drinks and the launch of organic and natural ingredients-based variants represent other major growth-inducing factors.

Along with this, governments of various countries are undertaking the initiative to spread awareness programs to curb alcohol consumption among the masses, which is providing a thrust to market growth. Apart from this, the market is further propelled by the widespread accessibility of non-alcoholic beverages across e-commerce platforms and brick-and-mortar distribution channels. Furthermore, extensive investment in research and development (R&D) activities by key players for developing new product variants are also creating a positive market outlook.

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Looking forward, IMARC Group expects the market value to reach US$ 1,443 Billion by 2028, exhibiting a CAGR of 5.2% during 2023-2028. View Report TOC, Figures and Tables: https://www.imarcgroup.com/non-alcoholic-beverage-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product Type:

• Carbonated Soft Drinks

• Juices

• Bottled Water

• Sports and Energy Drinks

• RTD Tea and Coffee

• Others

Breakup by Packaging Type:

• Bottles

• Cans

• Cartons

• Others

Breakup by Distribution Channel:

• Retail

• Food Service

• Supermarkets and Hypermarkets

• Online Stores

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• Arizona Beverage Company

• Asahi Group Holdings Ltd

• Danone S.A

• Keurig Dr Pepper Inc

• Nestlé S.A

• Parle Agro Pvt. Ltd

• PepsiCo Inc

• Primo Water Corporation

• Red Bull GmbH

• Suja Life LLC

• Suntory Beverage & Food Limited

• The Coca-Cola Company

1. What was the size of the global non-alcoholic beverage market in 2022?

2. What is the expected growth rate of the global non-alcoholic beverage market during 20232028?

3. What has been the impact of COVID-19 on the global non-alcoholic beverage market?

4. What are the key factors driving the global non-alcoholic beverage market?

5. What is the breakup of the global non-alcoholic beverage market based on the product type?

6. What is the breakup of the global non-alcoholic beverage market based on the distribution channel?

7. What are the key regions in the global non-alcoholic beverage market?

8. Who are the key players/companies in the global non-alcoholic beverage market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/non-alcoholic-beverage-market/toc

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