India's non-alcoholic drinks market is set to grow by 20% per year between now and 2015, according to a report by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The ‘Opportunities in Indian Non-Alcoholic Beverage Market' report, published today (6 October), notes that the consumption of soft drinks in the country currently stands at around 175,000bn litres per annum and is likely to surpass 350,000bn litres by 2015. CSDs currently account for around 30% of the non-alcoholic beverage market, the report noted.

"Emerging wellness trends, higher expenditure for healthy lifestyle by India's rising middle class and overall strong domestic economy are certain key factors driving the non-alcoholic beverage market in India," said ASSOCHAM's secretary general, DS Rawat.

The leading players in the Indian soft drinks market include The Coca-Cola Co, PepsiCo, Parle Agro, Dabur and Godrej.