Awareness
about healthy lifestyle & wellness, rising disposable income, increasing
number of people adopting western culture and booming number of food service
restaurants to drive India non-alcoholic beverage market
According
to a recently released TechSci Research report, “India Non-Alcoholic Beverage Market By Product Type, By Packaging Type, By Pack Size,
By Distribution Channel, By Region, Competition,
Forecast & Opportunities, 2025”, non-alcoholic
beverage products market in India is projected to grow at a CAGR of over 14%
during 2020E-2025F, especially on account of rising consumer preference for non-carbonated
fruit juices. The consumption of
carbonated soft drinks is expected to witness slower growth due to their high sugar
content and increasing preference for healthier alternatives such as 100%
natural juice. The market
is witnessing a shift towards non-carbonated beverages due to rising concerns among young adults about their
health, and the brand endorsement by popular film stars are expected to
contribute to the growth of non-alcoholic beverage during the forecast period.
Browse more
than 20 market data Figures spread through 70 Pages and an in-depth
TOC on
"India
Non-Alcoholic Beverage Market"
The distribution channel of non-alcoholic beverage market is
categorized into modern departmental stores, traditional departmental stores, convenience
stores, and online and other channels. Traditional departmental stores accounted
for the majority share in India non-alcoholic beverage market in 2019, followed
by modern departmental stores. However, during the forecast period, the share of
traditional departmental stores is expected to decrease on account of increasing
focus of companies to make their products reach modern departmental stores and
convenience stores across the country. Urban areas
remain the dominant consumption markets, however, deeper penetration in rural
areas is expected to drive volume growth for large segments such as carbonated soft
drinks and fruit juices.
In terms of region, the non-alcoholic
beverage market in India was dominated by North India in 2019 on account of a
greater number of customers who prefer cold drinks and fruit juices. The north
and west regions are expected to remain the largest markets due to long summers
and cultural love for food and beverages in both the regions. The east region faces
challenges due to transportation and weather problems, while the south region
is expected to grow on the back of consumption of healthy beverages among young
population.
Major players operating in
India non-alcoholic beverage market include Hindustan Coca-Cola Beverages Pvt
Ltd., Varun Beverages Pvt Ltd. (Pepsico), Parle Agro Pvt. Ltd, Dabur India Ltd.,
Manpasand Beverages Ltd., etc. In 2019, Hindustan Coca-Cola Beverages Pvt Ltd. held the largest market share in the country’s
non-alcoholic beverage market, and the company is expected to continue its
dominance through 2025. Leading players in India are focusing on expanding
their beverage product portfolios to maintain sustainable growth in the market.
The companies are also expanding their distribution reach by selling their bottling
process businesses, for e.g., Varun Beverages Ltd acquired bottling rights from
PepsiCo in 2014 for north region. PepsiCo collaborated with Varun Beverages to
make its distribution footprint stronger in the north region, especially in
states such as Haryana, Himachal Pradesh, Uttarakhand and Uttar Pradesh.
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“India non-alcoholic beverage market is expected to grow at a
steady pace due to the rising awareness regarding a healthy lifestyle, huge
brands endorsements from famous film stars, and the growing popularity of juices
and soft drinks. All in all, the market is going through a very
dynamic phase and companies will no longer be able to rest on their laurels in
the future, and that, consumers want to be surprised by innovative products
that support their personal health planning. Adults
and young adults are the primary buyers of non-alcoholic beverages, and they
are also the target consumer segments for the major players operating in the
market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Non-Alcoholic Beverage Market By Product Type, By Packaging Type,
By Pack Size, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2025” has evaluated the future growth
potential of India non-alcoholic beverages market and provides statistics and
information on market structure, consumer behaviour and trends. The report is
intended to provide cutting-edge
market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities available in
India non-alcoholic beverage market.
About TechSci Research
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