The Nonalcoholic Beverage Market is Projected to Grow

The Nonalcoholic Beverage Market is Projected to Grow

According to data published by Allied Market Research, the non-alcoholic drinks market size is estimated to grow at a CAGR of 4.4% to reach $2,090 billion by 2022. The research attributes the projections to ongoing advancements in the nonalcoholic drinks market with innovative efforts have further enhanced their demand. The report also indicates that recent innovations, which embed functional benefits and natural or organic ingredients in manufacturing of drinks is anticipated to enable the market to reach to a wider segment of audiences. Market segments such as energy drinks, sport drinks, and hot drinks are expected to witness good growth in the near future. Koios Beverage Corp. (CSE: KBEV), The Coca-Cola Company (NYSE: KO), SodaStream International Ltd. (NASDAQ: SODA), PepsiCo, Inc. (NASDAQ: PEP), Cott Corporation (NYSE: COT ) Health and wellness have significantly posed positive impact on the food and beverages industry in recent years. Increase in awareness of various health problems associated with alcohol has shifted the consumer preference from alcoholic drinks towards healthy, often organic nonalcoholic drinks. According to Future Market Insights, “Functional beverages are non-alcoholic drinks that keeps one’s body hydrated and provide overall nutritional well-being. These are fortified drinks that prevent or help address health issues across all age groups… Energy drinks is the largest segment in functional beverages followed by sports drinks and nutraceutical drinks… North America is the largest market for functional beverages as it contains innovative varieties of drinks that are customized for all age groups and strata.” Koios Beverage Corp. (CSE: KBEV) listed on the Canadian Securities Exchange, earlier in the week the company announced that, “Koios Beverage Corp. (CSE: KBEV)…is pleased to announce that further to its news release on April 13, 2018, the Company’s common shares will resume trading on the Canadian Securities Exchange (the “CSE”) under the symbol […]

Spread the love

Leave a Reply

Nature Knows and Psionic Success