Global Still Drinks Market to Gain Momentum from Decreasing Demand for Carbonated Drinks

2024-11-07 12:28:35 Lifestyle

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A new research study by Transparency Market Research (TMR) on the global still drinks market states that this market is anticipated to register a CAGR of 7.0% during the period from 2012 to 2018. The extensive demand for fruit juice is driving the global still drinks market remarkably, notes the market report.

According to the research report, titled Still Drinks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018, the ongoing decline in the carbonated beverages market is presenting an opportunity-rich market for still drinks manufacturers in the global arena.

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The market study further states that the rising awareness among people regarding healthcare and the consequent shift towards healthy food and beverages is expected to fuel the demand for still drinks significantly in the global arena. The worldwide still drinks market is a segment of the global ready-to-drink beverages market and has been gaining a positive impetus in the last few years.

In this research report, the global market for still drinks has been regionally segmented into Europe, North America, Asia Pacific, and the Rest of the World. The still drinks market in Europe is exhibiting a significant growth rate on account of the presence of favorable climatic conditions in this region. Asia Pacific, however, is likely to register the fastest growth in the overall still drinks market during the forecast period.

Considering the price-sensitiveness in Asia Pacific, the pricing of these drinks has been kept reasonable, making them affordable for general consumers in this region. This factor is projected to drive the Asia Pacific still drinks market during the forecast period. Apart from this, the increasing disposable income of consumers in this region is also anticipated to fuel the demand for still drinks over the next few years.

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Canada and the U.S. dominate the North America still drinks market, while the U.K., Germany, France, Italy, and Russia are the leading national still drinks markets in Europe. Japan has emerged as the biggest still drinks market in Asia Pacific, states the research report.

The competitive landscape of the global still drinks market has also been analyzed in this research report. As per the study, PepsiCo and Coca-Cola have been leading this market since the last few years.

Other major companies operating in the worldwide still drinks market mentioned in this study are JBD Group, Asahi Soft Drinks Co. Ltd., Uni-President Enterprises Corp., Calpis Co. Ltd., Sangaria, Hector beverages, Nestle, Suntory Holdings Ltd., Ting Hsin International Group, Yakult, Unilever, Meiji Dairies Corp., Kirin Co., and Zest-O Corp.