Saudi Arabia Non-Alcoholic Drinks Market Growth and Size, Rising Trends, Revenue, Key Players, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research
Alcohol-free or non-alcoholic drinks, sometimes referred to as temperance drinks, are made with either no alcohol at all or with the amount of alcohol decreased to almost nothing. These include “mocktails,” non-alcoholic beer (sometimes called “near beer”), and non-alcoholic mixed beverages (often called “virgin cocktails”). They are normally available anywhere, including convenience stores and online grocery stores. Carbonated soft drinks and flavored drinks are among the most widely used non-alcoholic beverages.
According to SPER market research, ‘Saudi Arabia Non-Alcoholic Drinks Market Size- By Product Type, By Packaging Type, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Non-Alcoholic Drinks Market is predicted to reach 17.67 Billion by 2033 with a CAGR of 5.85%.
Drivers: The health benefits linked to non-alcoholic drink consumption are driving the market’s rising demand. Energy drinks, fruit juices, mineral water, and other comparable liquids have been demonstrated in numerous studies to improve memory and response speed as well as lessen mental fatigue. In moderation, non-alcoholic beverages help people focus, lose weight, and build physical endurance. These all play a part in the market expansion for non-alcoholic beverages in Saudi Arabia.
Restraints: Not all beverages, with the exception of some non-alcoholic ones like bottled water, will improve your health when you drink them. For example, many energy drinks contain caffeine and sugar, and consuming more than the suggested quantity may increase your heart rate and blood pressure. Additional potential adverse effects include anxiety and insomnia. Additionally, a number of fruit drinks include unhealthy preservatives. These elements could significantly hinder the expansion of the market.
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The COVID-19 pandemic outbreak initially had a negative influence on Saudi Arabia’s non-alcoholic beverage business. Although the market saw an increase in demand for non-alcoholic beverages such as bottled water and energy drinks, distribution methods were completely blocked. This generated a significant demand and supply mismatch for non-alcoholic beverages in convenience stores and supermarkets. However, the market is expected to rise significantly following the lockout as supply of non-alcoholic drinks refills.
Saudi Arabia’s non-alcoholic drink market is dominated by the Central Region, which is led by Riyadh. This is because of the region’s large population, robust economy, state-of-the-art retail facilities, and spike in demand during corporate and cultural events, which fuels consumption of both premium and functional beverage categories. Significant players in the market are Nestle Water Factory Co Ltd, Saudi Snack Food Co. Ltd, Al Aujan Holding Company, Aquat Food Industries Co. Ltd, and other well-known companies.
Saudi Arabia Non-Alcoholic Drinks Market Segmentation:
By Product Type: Based on the Product Type, Saudi Arabia Non-Alcoholic Drinks Market is segmented as; Bottled Water, Fruit Juices & Flavored Drinks, Carbonated Soft drinks, Functional/Energy & Sports Drinks, Others.
By Packaging Type: Based on the Packaging Type, Saudi Arabia Non-Alcoholic Drinks Market is segmented as; Bottles, Cans, Cartons, Others.
By Distribution Channel: Based on the Distribution Channel, Saudi Arabia Non-Alcoholic Drinks Market is segmented as; Supermarkets/Hypermarkets, Online, Departmental Store, Others.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region, Central region.
For More Information, refer to below link: –
KSA Non-Alcoholic Drinks Market Outlook
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