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NewswireToday - /newswire/ -
Hyderabad, Andhra Pradesh, India, 08/20/2009 - The Indian non-alcoholic drinks market was estimated at around Rs. 216 Billion in 2008 and is forecast to grow at a CAGR of around 15% during 2009-2012.
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BrandPrinciples.com provides business intelligence market research reports pertaining to various industries, today announced the release of their new market research report on titled "Indian Non-Alcoholic Drinks Forecast to 2012".
According to the research report, the Indian non-alcoholic drinks market was estimated at around Rs. 216 Billion in 2008 and is forecast to grow at a CAGR of around 15% during 2009-2012. The report covers various factors driving the growth of non-alcoholic drinks market in India.
India has witnessed radical shift in consumption of non-alcoholic drinks over the recent past. Fast expanding middle class population that is currently around 350 Million, increased urbanization and rising disposable income are some of the major reasons contributing to this change. Besides this, growing health consciousness among India’s young population has brought about a revolution in the Indian non-alcoholic drinks market. It has been seen that cola sales have fallen dramatically due to rising health concerns and this seems to have benefited the country’s non-carbonated drinks market such as energy drinks and juices.
There is a greater awareness of the 'functional' benefits of health beverages and a greater willingness to pay a premium for such beverages. With these strong drivers of growth, it is not surprising that the beverage industry in India has begun responding with products that are marketed clearly on a health and wellness platform.
"Indian Non-Alcoholic Drinks Forecast to 2012" provides detailed study on the non-alcoholic drinks market in the country. For the purpose of this report, non-alcoholic drinks are classified into carbonated and non-carbonated drinks.
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