Companies covered in the Non-alcoholic Beverages Market are Dr. Pepper Snapple Group, Inc. (Texas, U.S.), Monster Beverage Corp (California, U.S.), PepsiCo, Inc. (New York, U.S.), ITO EN Ltd (Tokyo, Japan), The Coca-Cola Company (Georgia, U.S.), Reed’s, Inc. (Norwalk, U.S.), The Kraft Heinz Company (Chicago, U.S.), Appalachian Brewing Co. (Harrisburg, U.S.), Nestle S.A. (Vevey, Switzerland), Arca Continental SAB de CV (Monterrey, Mexico)
Non-alcoholic Beverages Market
Non-alcoholic Beverages Market Size
Pune, India, Nov. 15, 2023 (GLOBE NEWSWIRE) -- The global non-alcoholic beverages market size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. The value of this market was USD 919.13 billion in 2019 and is expected to rise at a CAGR of 8.20% between 2020 to 2027 to reach USD 1,257.77 billion by the end of 2027.
Companies leading Non-alcoholic Beverages Market are Dr. Pepper Snapple Group, Inc. (Texas, U.S.), Monster Beverage Corp (California, U.S.), PepsiCo, Inc. (New York, U.S.), ITO EN Ltd (Tokyo, Japan), The Coca-Cola Company (Georgia, U.S.), Reed’s, Inc. (Norwalk, U.S.), The Kraft Heinz Company (Chicago, U.S.), Appalachian Brewing Co. (Harrisburg, U.S.), Nestle S.A. (Vevey, Switzerland), Arca Continental SAB de CV (Monterrey, Mexico)
Report Scope & Segmentation:
Report Coverage
Details
Forecast Period
2020-2027
Forecast CAGR
8.20%
2027 Value Projection
USD 1,257.77 Billion
Non-alcoholic Beverages Market Size in 2019
USD 919.13 Billion
Historical Data
2016-2018
No. of Pages
160
Report Coverage
Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
By Type
By Distribution Channel
By Geography
Regions Covered
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Non-alcoholic Beverages Market Growth Drivers
Increasing Popularity of Refreshment Drinks to Aid in Favor
The impact of the COVID-19 pandemic has been devastating. The healthcare sector is facing a crisis of professionals and medical facilities and is not able to suffice to the needs of the increasing patient pool. Most of the regional and international businesses are also at halt owing to the imposition of lockdown by the governments of various nations. We hope to overcome this situation soon as various research and development centres are focusing on the development of an antidote to fight the novel coronavirus.
The global non-alcoholic beverages market is experiencing a remarkable transformation in recent years, reflecting changing consumer preferences, a growing health-conscious mindset, and innovative product offerings. As the demand for non-alcoholic alternatives surges, this article delves into the dynamics of this ever-expanding market, its key drivers, emerging trends, and the implications for both consumers and businesses.
Browse Detailed Summary of Research Report with TOC:
A 360-degree overview of the market focusing on drivers, restraints, challenges, and upcoming opportunities
Nature of market and list of key players operating in the market for non-alcoholic beverages
Detailed list of segmentation with names and figures of leading segments
Future of the market
Segmentation:
Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties
Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest beverage industry market share on account of its refreshing properties and cost-efficiency.
Drivers & Restraints:
Increasing Popularity of Refreshment Drinks to Aid in Favor
The increasing prevalence of various acute and chronic diseases have encouraged people to adopt a healthy lifestyle. These habits include regular exercise and fitness and consumption of nutritional food and beverage products. The rising inclination towards healthy lifestyle and eating habits is the key factor promoting the global non-alcoholic beverages market growth. In addition to this, the increasing popularity of refreshment drinks and the advent of innovative flavors and taste will add a boost to the growth of the market in the forecast period.
On the contrary, the fluctuating prices of raw materials to make non-alcoholic beverages and fluctuation in its availability, especially for seasonal fruits may cause major hindrance to the market in the coming years.
Nevertheless, the evolution of e-commerce platforms and the rising production of soft drinks to suffice to the needs of the consumers are likely to help the market witness lucrative growth opportunities in the forthcoming years.
The demand for functional beverages, such as those fortified with vitamins, minerals, and adaptogens, is on the rise. These drinks promise various health benefits and cater to consumers looking for more than just refreshment. Environmentally conscious consumers are pushing for sustainable and eco-friendly packaging. Brands are increasingly adopting recyclable materials and reducing plastic usage in their non-alcoholic beverage offerings.
The popularity of plant-based milk and dairy alternatives is growing steadily, with consumers seeking healthier and ethical choices. Almond, soy, oat, and other plant-based milk products are now widely available. In response to growing concerns about sugar consumption and its impact on health, many brands are developing low-sugar and low-calorie beverages. These options cater to health-conscious consumers without compromising on taste.
Regional Analysis:
Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People
Among all regions, Asia Pacific held the largest non-alcoholic beverages market share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rise in expenditure on beverage products. On the other side, the North American market earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region. Besides this, the Europe market will witness a notable growth on account of the decline in consumption of alcoholic beverages and increasing popularity of ‘better-for-you” products, thereby promoting the consumption of healthy soft drinks.
Competitive Landscape:
Coca-Cola Company is Dominating the Market Attributing to Continuous Innovations
The global market for non-alcoholic beverages is consolidated in nature on account of the presence of a handful of players holding major shares such as Nestle S.A., The Coca-Cola Company, and PepsiCo Inc. Among these, the market is dominated by the Coca-Cola Company accounting to the continuous innovations in their beverage products. This includes VitaminWater range, probiotic drinks, fermented drinks, and RTD beverages, among others. In March 2019, this company launched a new drink of Jaljeera flavor into the Indian market. Other players operating in this market are engaging and investing heavily on innovative product launches to gain a competitive edge in the market competition. Some others are engaging in collaborative efforts such as agreements and contracts, joint ventures, and partnerships, to attract significant revenues to the beverage industry market share in the coming years.
December 2019 – The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the market competition.
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