Latin America, Middle East & Africa Non-Alcoholic Beverages Market By Distribution Channels (Hypermarkets & Supermarkets, Speciality And Departmental Stores, Online Stores), Products (Soft Drinks, Bottled Water, Tea & Coffee, Bottled Juices, Dairy Drinks)
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Get in-depth analysis of the COVID-19 impact on the LAMEA Non-Alcoholic Beverages Market
The Non-Alcoholic Beverages Market in Latin America, Middle East and Africa is expected to register a CAGR of 5.8% during the forecast period (2017 ? 2023). The non-alcoholic beverages market has tremendous potential and global scope for growth in the all the regions is unprecedented. The seasonal demand has had a positive impact on the market growth. Nevertheless, concerns related to the impact on health of the consumers and taxations are some of the limiting factors for the market expansion. Despite challenges, innovation in the product offerings, addressing the health concerns of the consumers and use of natural and organic ingredients in the manufacturing of alcoholic beverages are some of the factors that would be supportive to the market expansion. Adoption of tea & coffee would significantly grow and the segment would be among the most lucrative segments. The innovative products that are loaded with antioxidants would have a huge impact on the market. Also, the growing cafe culture would majorly contribute to the expansion of tea and coffee segment.
Based on the Distribution Channels, the Non-Alcoholic Beverages market is segmented into Hypermarkets & Supermarkets, Specialty and Departmental Stores, Online Stores, and Others. Based on the Products, the market is segmented into Soft Drinks, Bottled Water, Tea & Coffee, Bottled Juices, Dairy Drinks, and Others. The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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