Middle East and Africa Non-Alcoholic Beverage Market Size Analysis:
Middle East and Africa Non-Alcoholic Beverage Market is worth USD 135.15 billion in 2022 and estimated to grow at a CAGR of 3.05%, to reach USD 157.13 billion by 2028. The Middle East and Africa Non-Alcoholic Beverage market are developing at an exceptionally quick pace.
Middle East and Africa Non-Alcoholic Beverage Market key Factors:
The significant driver changes in consumer shifts in the food and beverage segment and the rising spending of populations in non-alcoholic drinks attributed to increasing per-capita incomes. Also, the surge in health concerns has led a large chunk of population in developed and developing regions to prefer non-alcoholic over alcoholic drinks in developed and developing nations is boosting the industry. Also growing food and beverage industries are further expected to boost this industry.
Non-alcoholic beverages are the ones that do not contain alcohol. These beverages hydrate, some provide important nutrients and vitamins the body needs. Others energize, provide required sugar and calories. Other uses of Non-alcoholic beverages in hotels are for the use of making cocktails and mocktails, As they stimulate the plate & act as an aperitif. They are found in different forms like in packet, bottle, canned, pressured container, etc. some examples of beverages are e.g. aerated waters, mineral water, juices, squashes, syrups, tonic, soda, Pepsi, Coke, root beer, etc.
Regional Presence of the Non-Alcoholic Beverage Market:
Geographically, the Non-Alcoholic Beverage Market is further segmented into the Middle East and Africa. The Middle East and Africa have an untapped market and key players are slowly expanding to this region which is the main reason for the growth of the market in this region.
Middle East and Africa Non-Alcoholic Beverage Market Segmentation Analysis;
The Middle East and Africa Non-Alcoholic Beverage market are segmented on the basis of product type, distribution channel, and region. Based on product type, the market is segmented into soft drinks, dairy drinks, tea & coffee, bottled water, juice, and others. The soft drinks segment has nearly covered 30% of the market share. The tea & coffee segment is expected to grow with the highest rate and is identified as one of the profit targets for investment. Based on the distribution channel, the market is segmented into Specialty Stores, Online Store, Super Markets/ Hyper Markets, Convenience Stores, Departmental Stores, and Others.
Leading Key Companies Covered in this market report are:
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