Report ID: SQMIG30G2045
Report ID:
SQMIG30G2045 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
75
Non-alcoholic Beverages Market size was valued at USD 994.01 billion in 2019 and is poised to grow from USD 1077.35 billion in 2023 to USD 1879.91 billion by 2031, growing at a CAGR of 8.56% in the forecast period (2024-2031).
The global beverage industry is taking advantage of a wave of fundamental change and is constantly changing due to the non-alcoholic beverages market's growing associations with social and cultural roles. With an increasing tendency over the previous several years, non-alcoholic beverages now account for more than 50% of the worldwide beverage industry. Due to the expanding popularity of reviving beverages and the advancement of civilization throughout human civilizations, the market provides investors with a comprehensive perspective of the industry. Manufacturers have been motivated to expand their production capacities globally by the lowered trade restrictions and tariff barriers in the international market. In the upcoming years, there will be several potentials for market development due to the rise of developing markets as well as altering consumer demand brought on by the introduction of novel goods.
US Non-alcoholic Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30G2045