Non Alcoholic Beverage Industry
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Non alcoholic beverage market 2020.
Non alcoholic beverage industry. The global non alcoholic beverage market size was valued at usd 9673 billion in 2016. I mean say hello to the 4. Grand view research 2. By bonnie azoulay 92220.
The booming demand for functional beverages in order to supplement health without altering the taste is propelling the non alcoholic beverage market. Consumers are also buying wellness beverages more than ever before. The global beverage industry is benefitting from a wave of fundamental transformation and continuously evolving with the increasing associations with social and cultural roles in the market. With this in mind lets take a look at what the top 5 non alcoholic beverage trends might be this year.
Nevertheless it is worthwhile to remember that these are trends that the industry has been experiencing for some time although admittedly with varying degrees of intensity and change. The market is anticipated to grow at an estimated cagr of 58 in the coming years. The future of the non alcoholic beverage industry. Functionality the beverage industry has recently seen a rise in the number of new.
As of 2020 38 more people chose to lead a sober lifestyle compared to last year. The trends forecast by market research companies for the non alcoholic beverage industry for 2019 are not all that surprising. Non alcoholic drinks market size was valued at 1548 billion in 2015 and is estimated to grow at a cagr of 44 to reach 2090 billion by 2022. Owing to factors such as rising disposable income population growth and changing lifestyle.
At this pace the beverage market will exceed usd 186 trillion by 2024. The global non alcoholic beverage market was worth usd 9673 billion in 2016. The hospitality industry has been growing to meet the demands of its sober customers. The global beverage market was estimated at usd 154461 billion in 2018 and is projected to grow by 31 each year.
The report titled global non alcoholic beverage market is one of the most comprehensive and important additions to alexareports archive of market research studiesit offers detailed research and analysis of key aspects of the global non alcoholic beverage market. Ongoing advancements in the nonalcoholic drinks market with innovative efforts have further enhanced their demand. The beverage industry statistics. Los angeles united states june 2020.
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Non Alcoholic Beverage Market Set For Rapid Growth To Reach Value Around Usd 1 650 28 Billion By 2024