Research and Markets has announced the addition of the "Nonalcoholic Drinks Market by Product Type (Soft Drinks, Bottled Water, Tea & Coffee, Juice, Dairy Drinks, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.

Nonalcoholic Drinks Market Report, forecasts that the global market was valued at $1,548 billion in 2015, and is estimated to reach $2,090 billion by 2022, growing at a CAGR of 4.4% from 2016 to 2022.

The soft drinks segment is expected to retain its dominant position, in terms of revenue generation during the forecast period. The Asia-Pacific region held the leading position in the global market in 2015, and is expected to maintain its lead in the future.

The market is expected to witness notable growth in the near future, owing to rise in urbanization and increased disposable income in the emerging countries. Moreover, change in lifestyle patterns toward healthy functional food and increase in prevalence of diseases due to unhealthy lifestyle escalate the demand for nonalcoholic beverages. Furthermore, the impact of increase in awareness of health and wellness among consumers and millennial generation are expected to increase the demand for nonalcoholic beverages. In addition, broad range of preferences and innovative packaging also play pivotal role in the market growth.

The Coco Cola Company acquired major market share in 2015. It was expected to increase due to its innovation in development of new drinks and packaging to attract consumers such as, Red Disc packaging for Coke, Diet Coke, Coke Zero, and Coca-Cola Life.

Furthermore, Coco Cola Company strategies such as partnership with restaurant chains such as McDonalds is projected to secure its market share in the near future.

The major companies profiled in the report include A.G. Barr, Dr. Pepper Snapple Group, Dydo Drinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestl S.A., PepsiCo, Inc., and the Coca-Cola Company.

Key findings of the non-alcoholic drinks market:

  • The Asia-Pacific region is expected to continue to lead the global nonalcoholic beverages market.
  • The bottled water segment occupied almost one-fourth share of the total market value in 2015.
  • China is expected to witness highest CAGR of 9.2% during the forecast period.
  • U.S. is the largest country in terms of demand and supply for nonalcoholic drinks in 2015.

For more information about this report visit http://www.researchandmarkets.com/research/fx45j6/nonalcoholic