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

Q: What is the global market size of Non-Alcoholic Drinks Market?

Global Non-Alcoholic Drinks Market size was valued at USD 772 billion in 2022 and is poised to grow from USD 822.18 billion in 2023 to USD 1360.70 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

Q: Who are the key vendors in the Global Non-Alcoholic Drinks Market?

The competitive landscape of the global non-alcoholic drinks market is a dynamic and highly competitive arena, dominated by renowned industry giants and innovative emerging players. Key players like The Coca-Cola Company and PepsiCo, Inc. engage in fierce rivalry as they vie for market supremacy. These industry titans consistently introduce new flavors, packaging, and marketing strategies to maintain their market share and expand their global footprint. 'The Coca-Cola Company - USA', 'PepsiCo, Inc. - USA', 'Nestlé S.A. - Switzerland', 'Keurig Dr Pepper Inc. - USA', 'Suntory Holdings Limited - Japan', 'Danone S.A. - France', 'The Starbucks Corporation - USA', 'Red Bull GmbH - Austria', 'Monster Beverage Corporation - USA', 'Ocean Spray Cranberries, Inc. – USA'

Q: Which region accounted for the largest share in Global Non-Alcoholic Drinks Market?

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.

Report ID: SQMIG30G2047 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 67 | Figures: 65

Non-Alcoholic Drinks Market Dynamics

Non-Alcoholic Drinks Market Drivers

Cultural and Religious Factors

In regions with strong cultural or religious beliefs against alcohol consumption, the demand for non-alcoholic beverages remains robust, creating a stable market base.

Health Consciousness

Rising health awareness drives the shift towards healthier beverage choices, pushing manufacturers to develop beverages that offer nutritional benefits and cater to specific dietary needs.

Non-Alcoholic Drinks Market Restraints

Competition from Alcoholic Beverages

The popularity of alcoholic alternatives, like non-alcoholic beers and mocktails, presents competition for non-alcoholic beverages, especially in social and celebratory settings.

Sugar and Calorie Concerns

The high sugar content in some non-alcoholic drinks faces scrutiny due to its association with health issues, leading to demand for reduced-sugar or sugar-free options.

Non-Alcoholic Drinks Market Report Snapshots

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Non-Alcoholic Drinks Market size was valued at USD 772 billion in 2022 and is poised to grow from USD 822.18 billion in 2023 to USD 1360.70 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

The competitive landscape of the non-alcoholic drinks market is a dynamic and highly competitive arena, dominated by renowned industry giants and innovative emerging players. Key players like The Coca-Cola Company and PepsiCo, Inc. engage in fierce rivalry as they vie for market supremacy. These industry titans consistently introduce new flavors, packaging, and marketing strategies to maintain their market share and expand their footprint. 'The Coca-Cola Company - USA', 'PepsiCo, Inc. - USA', 'Nestlé S.A. - Switzerland', 'Keurig Dr Pepper Inc. - USA', 'Suntory Holdings Limited - Japan', 'Danone S.A. - France', 'The Starbucks Corporation - USA', 'Red Bull GmbH - Austria', 'Monster Beverage Corporation - USA', 'Ocean Spray Cranberries, Inc. – USA'

In regions with strong cultural or religious beliefs against alcohol consumption, the demand for non-alcoholic beverages remains robust, creating a stable market base.

Digital Marketing and E-commerce: Brands leverage digital platforms and e-commerce to reach wider audiences, offering convenience and direct-to-consumer sales channels, especially during the pandemic.

In the year 2022, the 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.

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Non-Alcoholic Drinks Market Dynamics

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What is the market size of Non-Alcoholic Drinks Market?

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