Industry News

Non-alcoholic beverage market expected to grow by 2022

Summarized by Natacia Ann I. Esguerra

Functional beverage market is seen to be growing at 4.4 percent annually and will reach US$2,090 billion by 2022.
Non-alcoholic beverages play an important role in people’s daily lives. The industry produces a wide range of beverages such as carbonated soft drinks, syrup concentrates, energy drinks, juices, teas, coffee, and water products.

The population today is always on the lookout for beverages to help their diet and health routines that has become an obstacle for the beverage industry. This has led to new products such as low calorie drinks, energy drinks, and non-dairy beverages.
Innovations through the years have also caused the industry to produce more in shorter period of time. This has significantly contributed to its growth.

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