What is the expected growth rate of the non-alcoholic beverage market?
The non-alcoholic beverage market is expected to grow at a CAGR of 6.5% from 2024-2031.
What are some factors driving the growth of the non-alcoholic beverage market?
Increasing health consciousness and demand for healthier alternatives are key drivers, along with functional beverages and genetic modification in fruits.
Which type of non-alcoholic beverage holds the largest market share?
Carbonated soft drinks dominate the market, with cola drinks being the most popular subcategory.
What are functional beverages?
Functional beverages are non-alcoholic drinks that offer added benefits like vitamins, antioxidants, and other health-promoting ingredients.