USD 994.01 billion
Non-Alcoholic Beverages Market Size, Share, Growth Analysis, By Product (Carbonated Soft Drinks, Bottled Water), By Distribution channel (Supermarkets/Hypermarkets, Food Services Sector), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30G2045 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
67
|Figures:
75
Non-alcoholic Beverages Market Insights
Non-alcoholic Beverages Market size was valued at USD 1077.35 Billion in 2023 and is poised to grow from USD 1169.57 Billion in 2024 to USD 2040.83 Billion by 2032, growing at a CAGR of 8.56% during the forecast period (2025-2032).
The global beverage industry is taking advantage of a wave of fundamental change and is constantly changing due to the non-alcoholic beverages market's growing associations with social and cultural roles. With an increasing tendency over the previous several years, non-alcoholic beverages now account for more than 50% of the worldwide beverage industry. Due to the expanding popularity of reviving beverages and the advancement of civilization throughout human civilizations, the market provides investors with a comprehensive perspective of the industry. Manufacturers have been motivated to expand their production capacities globally by the lowered trade restrictions and tariff barriers in the international market. In the upcoming years, there will be several potentials for market development due to the rise of developing markets as well as altering consumer demand brought on by the introduction of novel goods.
US Non-alcoholic Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031)
Global Market Size
Largest Segment
Carbonated Soft Drinks (CSD)
Fastest Growth
Carbonated Soft Drinks (CSD)
Growth Rate
8.56% CAGR
Global Non-alcoholic Beverages Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Non-alcoholic Beverages Market Segmental Analysis
Global Non-Alcoholic Beverages Market is segmented by Product, Distribution Channel and region. Based on Product, the market is segmented into Carbonated Soft Drinks, Bottled Water, RTD Tea & Coffee, Functional Beverages, Juices, Dairy-based Beverages, Others. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Food Services Sector, Convenience Stores, Specialty Stores, Online Retails. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Non-alcoholic Beverages Market Analysis by Distribution Channel
Investors are using customer conveniences to provide a simple shopping experience while the supermarket/hypermarket sector undergoes constant change. Retailers are able to supply customers with beverages of a sufficient quality thanks to the floor's equipment and implementation of technology improvements. A significant portion of non-alcoholic beverage sales is made through supermarkets and hypermarkets, which sold nearly 43% of all groceries in 2017, according to the Food Industry Association 2018. In order to avoid fines from the Environmental Protection Agency (EPA) and to provide their customers with high-quality goods, supermarkets are putting an emphasis on adhering to new regulatory standards including those pertaining to refrigerant leaks and quality assurance.
Global Non-alcoholic Beverages Market Share By Type, 2021 (%)
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Non-alcoholic Beverages Market Regional Insights
The Asia Pacific has emerged as the non-alcoholic beverages market leader and will remain so during the projection period, owing to a consistent development in discretionary income status and consumer living standards. Consumer spending on beverage items has grown as a result of consumers' rising acceptance of western culture and modernization. Due to the rise in consumer demand for RTD beverages and sports drinks, the markets in North America and Europe are predicted to expand at a high CAGR. The consumption of alcohol is falling in each of the aforementioned locations, and consumers are shifting their attention to "better-for-you" goods that support the non-alcoholic beverages market for healthy soft drinks.
Global Non-alcoholic Beverages Market By Geography, 2021 - 2028
- Largest
- Fastest
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Non-alcoholic Beverages Market Dynamics
Non-alcoholic Beverages Market Driver
Evolution of e-Commerce Platforms to Attract Higher Revenues
- Due to the increasing reliance of customers on the internet and e-commerce, technological advancements and virtual shopping trends are predicted to have a significant influence on the drinks industry. The worldwide E-commerce Foundation said in 2018 that the number of people using the internet has been constantly rising. In 2018, e-commerce generated almost 30 percent of the total worldwide sales for groceries, and this figure is projected to increase going forward. In order to assist the industry growth over the upcoming years, soft drink producers are putting a lot of effort into creating new online businesses.
Non-alcoholic Beverages Market Restraint
Fluctuations in Availability and Price of Natural Resources to Dampen the Supply Chain
- Due to this industry's heavy reliance on natural resources like electricity and water, various social and environmental externalities are produced. Indirect greenhouse gas emissions, declining water supplies, and rising pollution encourage disturbances in the supply of natural resources, which is anticipated to impair market production capacity. To create the Beverage Industry Environmental Roundtable (BIER), manufacturers partnered with the alcoholic drinks sector after realizing the potential and hazards involved with sustainability challenges. Leading corporations including The Coca-Cola Company, Pepsi Co., and others have formed the BIER technical coalition to advance sustainability in the beverage industry.
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Non-alcoholic Beverages Market Competitive Landscape
The Global Non-alcoholic Beverages market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Non-alcoholic Beverages Market Top Player's Company Profiles
- PepsiCo Inc.
- The Coca-Cola Company
- Danone S.A.
- Nestle S.A.
- Red Bull GmbH
- Keurig Dr Pepper Inc.
- Parle Agro
- Monster Beverage Corporation
- AriZona Beverages USA
- Suntory Beverage & Food Ltd.
- Asahi Group Holdings, Ltd.
- Unilever
- Jones Soda Co.
- IBS Partners Ltd.
- National Beverage Corp.
- Celsius Holdings, Inc.
- Vita Coco Company
- Fever-Tree
- Bolthouse Farms
- PerfectTed
Non-alcoholic Beverages Market Recent Developments
- In April 2022, Red Bull introduced its limited-edition extension with strawberry and apricot flavors. Red Bull Summer Edition Strawberry Apricot will be offered in single cans of both 8.4oz (25cl) and 12oz (35cl) size on Walmart shelves in the United States.
- In August 2021, Red Bull introduced their dragon fruit-flavored summer edition beverage. The natural and exotic Asian fruit known as pitaya or dragonfruit, depending on the region, served as the inspiration for this summer's edition. Cans of 8.4 and 12 fluid ounces are available for this.
- In May 2020, PepsiCo and Suntory will begin a joint venture in Thailand, according to the announcement. As the operator and distributor of PepsiCo beverage brands in Thailand, including Pepsi-Cola, Mirinda, 7UP soft drinks, ready-to-drink Lipton teas, Gatorade sports drinks, and Aquafina hydration drinks, the new business was known as Suntory PepsiCo Beverage (Thailand) Company Limited.
Non-alcoholic Beverages Key Market Trends
- Manufacturers were forced to launch a number of nutrient-rich goods on the non-alcoholic beverages market due to the growing customer interest in healthy beverages. Consumers, particularly millennials, are becoming more adventurous and open to trying out fresh, healthier soda alternatives. By exposing the changing tastes of millennial customers and their offspring throughout the world, the demand is forcing manufacturers to reconsider how they formulate their products and has an influence on new manufacturing ideas.
Non-alcoholic Beverages Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Non-alcoholic Beverages Market Analysis, since revitalizing beverages are becoming more and more popular and because human civilizations have advanced, the market offers investors a thorough understanding of the sector. The lessened trade restrictions and tariff barriers in the global market have encouraged manufacturers to increase their production capacity internationally. Due to the growth of expanding markets as well as the altered consumer demand brought on by the introduction of fresh items, there will be several opportunities for non-alcoholic beverages market expansion in the future years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 994.01 billion |
| Market size value in 2031 | USD 1879.91 billion |
| Growth Rate | 8.56% |
| Base year | 2023 |
| Forecast period | 2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Non-alcoholic Beverages Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Non-alcoholic Beverages Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Non-alcoholic Beverages Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Non-alcoholic Beverages Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Non-alcoholic Beverages Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Non-alcoholic Beverages Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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