Rising Demand for Fruit-Based Fizzy Drinks, Tea, and Coffee Drives Nonalcoholic Drinks Market

Transparency Market

Research

Non-Alcoholic Drinks Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date

08-01-2015

147 Page Report

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Rising Health Awareness to Create Growth Opportunities for

Global Non-Alcoholic Drinks Market, says TMR

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Non-Alcoholic Drinks Market

REPORT DESCRIPTION

Nonalcoholic drinks are beverages that contain less than 0.5% alcohol by volume. While popular beverages

such as coffee, tea, and fruit juices count as nonalcoholic drinks, nonalcoholic varieties of alcoholic drinks

such as beer and wine are also considered among nonalcoholic drinks. The demand for nonalcoholic drinks

has grown smoothly over the last few decades, as the adverse effects of alcohol consumption have

become progressively clearer and uncontestable. The rising health awareness among the global population

is thus a key driver for the global nonalcoholic drinks market.

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According to Transparency Market Research, the global nonalcoholic drinks market was valued at

US$1,435.2 bn in 2013. Exhibiting a 4.30% CAGR between 2014 and 2020, the market is expected to rise

to a valuation of US$1,937.7 bn. By volume, the market is expected to exhibit an even higher 4.90% CAGR

in the same timeframe, with the total volume of the market expected to rise to 1,289 bn liters from 912.7

bn liters in 2013. This illustrates both the growing demand for nonalcoholic beverages and the expected

price wars in the market for the same.

What is the key driver for the global nonalcoholic drinks market?

The growing awareness about the health benefits of nonalcoholic...