Non-Alcoholic Beverage Market to Grow at a CAGR of 12.74% During the Forecast Period 2020-2025
"Growth Investments for the Development of Substitutes With Growing Chronic Diseases Driving the Growth of Non-Alcoholic Beverage Market." Non-Alcoholic Beverage Market size is valued at $1,592Bn in 2019, and is anticipated to grow at a CAGR of 12.74% during the forecast period 2020-2025. The Non-Alcoholic Beverage Market growth rate is attributed to the changing diet patterns to consume nutrient-rich products, rising concerns over adverse health implications associated with consumption of alcoholic drinks coupled with the shifting customer focus towards a healthy lifestyle to upscale the utility of alternative drinks including functional beverages and soft drinks. From growing concern toward obesity and other health problems in reshaping the global non-alcoholic beverage industry with increasing investments in R&D by manufacturers thereby, growing rate of regulatory approvals for new products to the demand for functional beverages, such as relaxation drinks, energy drin...