Non-Alcoholic Drinks Market Size, Share, Growth Analysis, By Type(Carbonated Soft Drinks (CSD), Ready-to-Drink Coffee & Tea, Bottled Water, Fruit Beverages), By Distribution channel(Supermarkets/Hypermarkets, Food Services Sector, Convenience Stores, Specialty Stores), By Region - Industry Forecast 2024-2031

In the year 2022, the global market was led by the North America region, which secured a dominant position by contributing over 24.55% of the total revenue. This region, notably the United States, serves as a hub for numerous globally recognized beverage manufacturers. However, factors such as the increasing obesity rates in the U.S. and Mexico, coupled with governmental sugar product taxes, have curbed the demand for Carbonated Soft Drinks (CSDs), a subset of non-alcoholic beverages. Consequently, there is a growing preference for low-calorie beverages containing non-nutritive sweeteners.

The Asia Pacific region is projected to exhibit the most rapid Compound Annual Growth Rate (CAGR) throughout the forecast period. This trajectory is underpinned by burgeoning demand for non-alcoholic beverages in developing nations like China, India, Thailand, and Malaysia. Governmental efforts to enhance the manufacturing sector through tax incentives, subsidies, and higher limits on Foreign Direct Investment (FDI) have attracted major global players to expand their operational footprint and distribution infrastructure within this region.

Furthermore, evolving patterns in beverage consumption have prompted consumers to opt for functional and flavored bottled water over high-sugar content carbonated beverages, driving shifts in market dynamics.