Showing posts with label Non-Alcoholic Drinks Market. Show all posts
Showing posts with label Non-Alcoholic Drinks Market. Show all posts

Sunday, 5 December 2021

United States Non-Alcoholic Drinks Market to be Valued Over USD213 Billion by 2026 | TechSci Research

Rising inclination towards the consumption of non-carbonated drinks is the factor that is propelling the growth of the United States' non-alcoholic drinks market.

United States Non-Alcoholic Drinks Market - TechSci Research
According to TechSci Research report, “United States Non-Alcoholic Drinks Market, By Product Type (Carbonated Drinks and Non-Carbonated Drinks), By Packaging Type (Bottle, Can, Others (Tetra pack & Pouches)) By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores/Forecourt Retailers, Departmental Store, Online, Others (Grocery Stores, Independence store, etc.), By Region, By Company, Forecast & Opportunities, 2026”, the United States non-alcoholic drinks market was valued at around USD145 billion in 2020 and is projected to grow at a CAGR of over 6% during the forecast period 2021-2026 owing to the factors such as increased health consciousness, and the rising popularity of soft drinks.

Non-alcoholic drinks are those drinks that are either completely alcohol-free or contain less than 0.5% alcohol by volume. Another major factor behind the rising demand for non-alcoholic drinks is the health benefits offered by them such as hydrating the body, improving cardiovascular health, reducing anxiety and stress, etc. Moreover, factors such as the increasing popularity of healthy drinks among millennials, along with the production of innovative nutrition-based drinks, are further driving the growth of non-alcoholic drinks on a country as well as global level. Additionally, non-alcoholic drinks have a positive outlook due to the growing importance of active lifestyles and increasing awareness of health benefits.

Furthermore, manufacturers of non-alcoholic drink products are pursuing new distribution and marketing tactics as well as for opting for a sustainable supply chain to expand their market share. These activities assist them in increasing their sales and popularity among consumers, allowing them to stay ahead of the competition. Moreover, due to the ever-changing nature, taste, and preferences of consumers, the launch of a new product has risen to the top of the priority list.

Companies are improving the quality of hot drinks and launching products with enhanced flavors and nutrients as demand grows, such as in 2021, Pepsi launched a mango-flavored soda. In addition, companies have encouraged development through cross-border mergers and acquisitions, which have been beneficial in expanding their reach. For instance, in November 2020 PepsiCo acquired Rockstar, an energy drink company for USD3.85 billion.

Additionally, innovation in the packaging of non-alcoholic drink products makes the products more appealing and convenient to consume. Companies are also concentrating on improving the aesthetics and sustainability of their product packaging, since it adds visual value to the product and encourages buyers to purchase the product, such as Nestle uses recyclable packaging made from sustainably sourced paper.

Browse 20 market Figures spread through 70 Pages and an in-depth TOC on “United States Non-Alcoholic Drinks Market”

https://www.techsciresearch.com/report/united-states-non-alcoholic-drinks-market/8028.html

The United States non-alcoholic drinks market is segmented into product type, packaging type, package size, and distribution channel. Based on product type, the market is fragmented into carbonated drinks and non-carbonated drinks. Among these, it is the carbonated drinks segment that holds the prominent share of around 60% in the United States non-alcoholic drinks market. The functional/energy and sports drink product category is projected to grow significantly in the coming years at a higher pace.

Components such as minerals, vitamins, amino acids, dietary fibers (DFs), probiotics, and additional raw fruits are found in functional drinks. Also, these drinks claim to improve athletic endurance, hydration, and energy. These factors contribute immensely to the rising popularity of functional drinks.

Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores/forecourt retailers, departmental stores, online, others (grocery stores, independent stores, etc.). Among these, the online segment is the fastest-growing segment and will continue to be in the forecast period. Rise in the number of internet users, ease of access, availability on a 24/7 basis, and several choices to choose from are some of the main factors driving the growth of online sales.

In terms of regional analysis, the United States non-alcoholic market is segmented into south, west, mid-west, and northeast. Among these, the mid-west region of the United States is the fastest growing within the United States non-alcoholic drinks market and is expected to maintain its dominance throughout the forecast period. The reason being, growing health awareness among the young and millennial population and the convenience of purchasing carbonated soft drinks.

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The companies like PepsiCo, Inc., The Coca–Cola Company, Keurig Dr Pepper Inc., NestlĂ© USA, MONSTER BEVERAGE CORPORATION, and Red Bull North America, Inc. are some of the leading players operating in the global non-alcoholic drinks market. The major non-alcoholic drink companies are expanding their manufacturing and production bases to meet the rising demand across the country.

“The rising prevalence of health issues such as obesity, malnutrition, and weakened immune systems has resulted in a shift in consumer preferences towards healthier and non-alcoholic drinks. Furthermore, the expanded variety of non-alcoholic drinks on the market is further fueling the growth of this industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

United States Non-Alcoholic Drinks Market, By Product Type (Carbonated Drink and Carbonated Drink), By Packaging Type (Bottle, Can, Others (Tetra pack & Pouches)) By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores/Forecourt Retailers, Departmental Store, Online, Others (Grocery Stores, Independence store, etc.), By Region, By Company, Forecast & Opportunities, 2026” has evaluated the future growth potential of the United States non-alcoholic drinks market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States non-alcoholic drinks market.

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Monday, 15 November 2021

According to #TechSci Research report on Saudi Arabia Non-Alcoholic Drinks Market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026.

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Monday, 31 May 2021

Global Non-Alcoholic Drinks Market to Be Valued Over USD1.28 Trillion by 2026

 

Inclination towards the consumption of functional drinks is a major factor propelling the global non-alcoholic drinks market.



 

According to TechSci Research report, “Global Non-Alcoholic Drinks Market By Product Type (Carbonated Soft drinks, Functional/Energy & Sports Drinks, Fruit Juices & Flavoured Drinks, Bottled Water and Others (Dairy-based Drinks, Tea & Coffee, Sodas, etc.)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Departmental Store, online, Others (Grocery Stores, Independence store, etc.)), By Region, By Country, Competition Forecast & Opportunities, 2016–2026F”, the global non-alcoholic drinks market size valued at USD927.50 billion in 2020 and is projected to grow at a CAGR of over 5.72% during forecast period to reach around USD1.28 trillion by 2026. Consumers nowadays are more focused on adapting a healthy lifestyle, due to which there is a rise in demand for sports drinks, energy drinks and fruit juices, which in turn is driving the growth of the global non-alcoholic drinks market. The relaxation in trade duties and tariff barriers in the overseas market have further encouraged the manufacturers to boost the production of non-alcoholic drinks worldwide. An increasing population and rising disposable income are some of the major drivers that influence the demand for non-alcoholic drinks.

However, high sugar content in non-alcoholic drinks, such as carbonated soft drinks which increases the health problems such as diabetes and obesity, are some of the challenges that hamper the growth of the global non-alcoholic drinks market. To solve this issue, manufacturers are coming up with low-calorie, sugar-free non-alcoholic drinks and fruit juices.

 

Browse 84 market Figures spread through 110 Pages and an in-depth TOC on  " Global Non-alcoholic Drinks Market “

https://www.techsciresearch.com/report/non-alcoholic-drinks-market/7473.html

 

The global non-alcoholic drinks market is segmented based on product type, distribution channel, company, and region. In terms of product type, the market is segregated into carbonated soft drinks, functional/energy & sports drinks, fruit juices & flavored drinks, bottled water, and others (dairy-based drinks, tea & coffee, sodas, etc), out of which carbonated soft drinks captured the majority market share with more than 30% market share in 2020, as carbonated drinks are the most popular drinks in the market because of their taste and refreshment. However, functional/energy & sports drinks are growing at a much faster pace in the market with a projected CAGR of over 6.00% in the forecast period, due to continuous shifting of consumer preferences towards healthier alternatives of non-alcoholic drinks.

 

In terms of distribution channel, the market is segregated into supermarkets/hypermarket, departmental store, convenience stores/forecourt retailers, and online, out of which, supermarket and hypermarket is the largest distribution channel of the non-alcoholic drinks with around 30% of the market share in 2020. This is because, supermarkets and hypermarkets help the customers to discover a wide range of products under a single roof. However, in the coming years, online stores are projected to remain the fastest growing distribution channels with a CAGR of 8.00% over the forecast period.

Region wise, North America is the dominating region in the global non-alcoholic drinks market, holding around 35.00% of the global market share in 2020. The Coca-Cola Company and PepsiCo, Inc., are the largest non-alcoholic drink companies from the USA that hold maximum market share in the global non-alcoholic drinks market. USA and Mexico have the leading carbonated soda drinks consumption market in the world because of which people are suffering from blood sugar, obesity, and dental problems. To overcome this problem, the government has put up a soda tax and it is believed that it will cut down the sales of these aerated drinks.

Countries such as USA, Canada and Mexico, China, India, Saudi Arabia, UAE, Germany, Italy, Brazil, and Argentina, etc., have high per capita consumption of non-alcoholic drinks, combined with the development of food processing industries which drives the global non-alcoholic drinks industry.

 

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“The COVID-19 impacted the global non-alcoholic drinks industry majorly due to transportation, production, demand and supply related issues. However, the market is expected to recover at a faster pace owing to people shifting towards non-alcoholic drinks due to rising health concerns with alcoholic beverages”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 

“Global Non-Alcoholic Drinks Marke By Product Type (Carbonated Soft drinks, Functional/Energy & Sports Drinks, Fruit Juices & Flavoured Drinks, Bottled Water and Others (Dairy-based Drinks, Tea & Coffee, Sodas, etc.)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Departmental Store, online, Others (Grocery Stores, Independence store, etc.)), By Region, Competition Forecast & Opportunities, 2016 – 2026F”, has evaluated the future growth potential of the non-alcoholic drinks market globally and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take a sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global non-alcoholic drinks market.

 


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Tel: +1-646-360-1656

 

Email: sales@techsciresearch.com

 

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