Europe Non Alcoholic Drinks Market

Europe Non Alcoholic Drinks Market  Size and Growth Analysis:

Europe Non Alcoholic Drinks Market was worth USD 457.77 billion in 2021 and is estimated to be growing at a CAGR of 4.5%, to reach USD 570.47 billion by 2027.

Europe Non Alcoholic Drinks Market Overview:

Non-alcoholic beverages are easily available in the market in different forms like fruit juices, soft drinks, instant coffee, tea, energy drinks, bottled water, isotonic drinks, and others. The overall awareness for good health has led many people to go from alcoholic beverages to non-alcoholic ones. Major producers are focussing on innovative product discoveries to adjust with the changing consumer choices.The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the beverage industry.The market is fueled by factors like changes in lifestyles and consumer choices, demand of the growing population and growth in spending abilities. Consumer concern about the health effects of synthetically sweetened drinks, and government restrictions for ingredient use in these drinks are found to be the main factors hindering the market growth.

Europe Non Alcoholic Drinks Market Segmentation:

The non-alcoholic beverage market can be broadly segmented on the basis of

products types

sales distribution channels

By product types, non-alcoholic beverage market can be classified into

• carbonated

• non-carbonated beverages

By sales and distribution channel types, this market can be segmented into

• hypermarket

• supermarket

• convenience store

• departmental stores

Europe Non Alcoholic Drinks Market geographical Analysis

On the basis of geography, the market is segmented into

• U.K

• Germany

• France

• Spain

• Italy

Europe is expected to show significant growth during the forecast period, due to increasing population and changing lifestyle.

Europe Non Alcoholic Drinks Market Key players:

1. Attitude Drinks Inc.

2. Coca-Cola Company

3. Dr. Pepper Snapple Group Inc.

4. Danone

5. DydoDrinco, Inc.

6. Nestlé S.A.

7. PepsiCo Inc.

8. Parle Agro Ltd

9. San Benedetto