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Saudi Arabia Non-Alcoholic Drinks Market Forecast 2022-2028

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia non-alcoholic drinks market was worth USD 9.3 billion in the year 2021. It is estimated to grow at a CAGR of 5.60%, earning revenue of around USD 13.3 billion by the end of 2028. The market is flourishing at a high rate because alcoholic beverages are prohibited in Saudi Arabia owing to Islamic religious traditions, non-alcoholic beverages have a sizable market. As a result, businesses are progressively developing new products in a variety of flavors, providing th

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Saudi Arabia Non-Alcoholic Drinks Market Forecast 2022-2028

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  1. Saudi Arabia Non-Alcoholic Drinks Market, By Product Type, Industry Size, Share, Trend Analysis and Forecast Report, 2022-2028

  2. Saudi Arabia Non-Alcoholic Drinks Market- Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia non-alcoholic drinks market was worth USD 9.3 billion in the year 2021. It is estimated to grow at a CAGR of 5.60%, earning revenue of around USD 13.3 billion by the end of 2028. The market is flourishing at a high rate because alcoholic beverages are prohibited in Saudi Arabia owing to Islamic religious traditions, non-alcoholic beverages have a sizable market. As a result, businesses are progressively developing new products in a variety of flavors, providing the industry with significant growth potential.

  3. Growth Drivers Increasing Health Consciousness Among Consumers The market's expansion is being fueled by the health advantages associated with the consumption of non-alcoholic drinks. Drinking mineral water, fruit juices, energy drinks, and other similar beverages has been shown in several studies to reduce mental tiredness while also boosting overall brain functioning including memory and response time. Non-alcoholic drinks, when consumed in moderation, promote physical endurance, weight reduction, and focus. All of these factors contribute to the growth of the Saudi Arabia non-alcoholic drinks market.

  4. Restraints  Increasing Awareness Towards Health Impact Of Non-Alcoholic Drinks Except for certain non-alcoholic drinks such as bottled water, not every drink will have a positive impact on health upon its consumption. For instance, Caffeine and sugar are found in several energy drinks and taking more than the recommended amount might cause your blood pressure and heart rate to rise. Anxiety and sleeplessness are other possible side effects. Several fruit juices also contain preservatives that are harmful to health. These factors may act as a huge restraining factor for market growth.

  5. Impact of COVID-19 Saudi Arabia's non-alcoholic drinks market was initially negatively impacted by the COVID-19 pandemic outbreak. Although the demand for certain non-alcoholic drinks such as bottled water and energy drinks surged in the market, the distribution channels were completely halted. This created a huge demand and supply gap for non-alcoholic drinks from convenience stores and supermarkets. However, the market is anticipated to witness substantial growth post the lockdown upliftment as the supply for non-alcoholic drinks replenishes.

  6. Competitive Landscape The leading market players in the Saudi Arabia non-alcoholic drinks market are Nestle Water Factory Co Ltd, Saudi Snack Food Co. Ltd, Al Aujan Holding Company, Aquat Food Industries Co. Ltd, Middle East & North Africa Beverages Manufacturing Co, Gulf Union Food Company, Danya Foods Ltd Company, Tania Water Factory, Hana Food Industries Company, Arrow Beverage Factory, Abuljadayel Beverages Inc., Al Amoudi Beverage Industries Company, Berain Water & Beverages Factory, International Refreshments Co. Ltd. (IRC), and other prominent players.

  7. Recent Development In September 2021, Kin Euphorics, a non-alcoholic adult drink co-founded by American model Bella Hadid, was launched in the Middle East, including Saudi Arabia. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/saudi-arabia-non-alcoholic-drinks-market/report-sample

  8. Key Players Nestle Water Factory Co Ltd, Saudi Snack Food Co. Ltd, Al Aujan Holding Company, Aquat Food Industries Co. Ltd, Middle East & North Africa Beverages Manufacturing Co, Gulf Union Food Company, Danya Foods Ltd Company, Tania Water Factory, Hana Food Industries Company, Arrow Beverage Factory, Abuljadayel Beverages Inc., Al Amoudi Beverage Industries Company, Berain Water & Beverages Factory, International Refreshments Co. Ltd. (IRC), and other prominent players.

  9. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  10. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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