India Non-Alcoholic Beverages Market to Grow at a CAGR of 8.10% During the Forecast Period
Rising awareness toward a healthy lifestyle and the growing preference for low-sugar drinks are driving the market for non-alcoholic beverages in India. According to TechSci Research report, “ India Non-Alcoholic Beverage Market – By Region, Competition Forecast and Opportunities, 2017-2027” , the India non-alcoholic beverages market is expected to project impressive growth of USD13.70 billion in the forecast period, 2023F-2027F, with a CAGR of 8.10% on account of rapidly surging demand from the residential sector as well as the growing hotels, restaurants, cafes/caterings (HORECA) sector in India. The India non-alcohol beverages market is being supported by significant factors such as increasing demand for non-fizzy drinks, rising GDP, growing per capita income, surging sales through e-commerce, etc. Moreover, vital marketing activities by various brands and prominent endorsements by film stars are some of the significant drivers of non-alcoholic beverages across the country. Howe