USD 139.78 billion
Report ID:
SQMIG30G2018 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
67
|Figures:
75
Non-Carbonated Soft Drinks Market size was valued at USD 149.2 Billion in 2023 and is poised to grow from USD 159.49 Billion in 2024 to USD 272.41 Billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
The Global Non-Carbonated Soft Drinks Market is rapidly growing, attracting a significant attention from consumers, manufacturers, and investors. Non-carbonated soft drinks, also known as still or flat drinks, refer to beverages that are not carbonated or fizzy, such as fruit juices, sports drinks, iced tea, energy drinks, and functional beverages. The market has experienced significant growth in recent years; this growth is driven by changing consumer preferences towards healthier and natural beverages and increasing awareness among consumers about the harmful effects of carbonated soft drinks.
Non-carbonated soft drinks are perceived as healthier and more natural, with many consumers preferring beverages made with natural ingredients and without artificial sweeteners or preservatives. This trend is particularly significant among young generation, increasingly interested in health and fitness. Furthermore, the growing health and wellness trend is driving the demand for functional and fortified non-carbonated soft drinks that offer additional health benefits such as improved digestion, immunity, and energy.
Manufacturers are responding to this trend by introducing innovative and healthier beverage options to meet the evolving needs of consumers. Despite the positive market outlook, some challenges face the non-carbonated soft drinks market, such as fluctuations in raw material prices and the stringent regulations and taxes imposed by governments to reduce the consumption of sugar-sweetened beverages.
US Non-Carbonated Soft Drinks Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 139.78 billion
Largest Segment
Supermarkets/hypermarkets
Fastest Growth
Supermarkets/hypermarkets
Growth Rate
6.9% CAGR
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Global Non-Carbonated Soft Drinks Market is segmented on the basis of product type, distribution channel and region. By product type, the market is segmented into fruit juices, sports drinks, iced tea, energy drinks, functional beverages, and others. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online channels, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Non-Carbonated Soft Drinks Market Analysis by Product Type
The fruit juices segment dominated the global non-carbonated soft drinks market. The fruit juices segment held the largest share of the market in 2022, accounting for more than 35% of the global market. This can be attributed to consumers' increasing demand for healthy and natural beverages, as fruit juices are known for their high nutritional value and natural flavors. Additionally, the rising awareness of the health benefits of fruits and vegetables is also contributing to the growth of the fruit juices segment.
The functional beverages segment is expected to grow at the fastest CAGR. This can be attributed to the increasing demand for beverages that offer additional health benefits beyond hydration, such as immune support, energy boosting, and weight management. Functional beverages are formulated with added vitamins, minerals, and other ingredients to provide specific health benefits to consumers. The growing trend of health and wellness is driving the demand for functional beverages, making it the fastest-growing segment in the non-carbonated soft drinks market.
Non-Carbonated Soft Drinks Market Analysis by Distribution Channel
The supermarkets/hypermarkets segment dominated the non-carbonated soft drinks market. This can be attributed to the widespread availability of non-carbonated soft drinks in supermarkets and hypermarkets, which are the go-to destinations for consumers purchasing groceries and beverages. These retail channels offer a wide range of non-carbonated soft drinks, providing consumers with easy access to their favorite beverages.
The online channels segment is expected to grow at the fastest CAGR. This can be attributed to the increasing penetration of e-commerce platforms and the rising popularity of online shopping among consumers. Online channels offer several advantages to consumers, such as convenience, wider product selection, and doorstep delivery, which drive the segment’s growth. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping, as consumers seek to avoid crowded public places and practice social distancing.
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The Asia-Pacific region dominated the global non-carbonated soft drinks market in 2022. The dominance of the large and growing population in the region, rising disposable incomes, and changing consumer preferences towards healthier and natural beverages. The population of the Asia-Pacific region is estimated to be over 4.5 billion people, making it the most populous region in the world. The large population provides a huge potential consumer base for non-carbonated soft drinks, perceived as healthier alternatives to carbonated soft drinks. Furthermore, rising disposable incomes in countries such as China, Japan, and India enable consumers to afford premium non-carbonated soft drinks that offer additional health benefits.
The Middle East and Africa region is expected to be the fastest-growing region in the non-carbonated soft drinks market. The growth to the increasing demand for natural and organic beverages, as well as the growing health and wellness trend in the region. The Middle East and Africa region has a relatively smaller population compared to Asia-Pacific, but the increasing health consciousness and the adoption of Western diets are driving the demand for healthier beverages such as coconut water, herbal tea, and functional beverages. Additionally, the growing investments in the food and beverage sector and the tourism industry in the region are expected to further drive the growth of the non-carbonated soft drinks market.
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Non-Carbonated Soft Drinks Market Drivers
Increasing Health and Wellness Awareness
Non-Carbonated Soft Drinks Market Restraints
Fluctuations in Raw Material Prices
Stringent Regulations and Taxes
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The Global Non-Carbonated Soft Drinks Market is highly competitive, with many global and regional players operating. The major players in the market are continuously expanding their products portfolio and strengthening their distribution networks to gain a competitive edge. The key companies are adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to increase their market share and expand their customer base. In addition, they are investing in research and development to launch new products with unique flavors and ingredients. With the growing demand for healthy and natural beverages, companies are also focusing on developing products that cater to this trend.
Non-Carbonated Soft Drinks Market Top Player’s Company Profiles
Non-Carbonated Soft Drinks Market Recent Developments
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 by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the Global Non-Carbonated Soft Drinks Market report analysis, the market has seen a steady growth in recent years, driven by increasing health awareness among consumers and growing demand for functional beverages. The fruit juice segment is the largest segment of the non-carbonated soft drinks market, accounting for a significant share of the market in 2022. This is due to consumers' high demand for natural and healthy beverages. The sports drink segment is also growing at a significant pace, owing to the increasing demand for beverages that enhance physical performance and hydration. In terms of distribution channels, supermarkets/hypermarkets are the dominant segment, with a significant market share. This is due to the high penetration of supermarkets and hypermarkets in urban areas and the ease of access to a wide range of non-carbonated soft drinks. However, the online channel segment is expected to have fastest growth during the forecast period, owing to the increasing use of e-commerce platforms and the convenience they offer consumers. Asia-Pacific is the dominating region in terms of market share, driven by the growing population, changing lifestyles, and increasing disposable income of consumers.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 149.2 Billion |
Market size value in 2032 | USD 272.41 Billion |
Growth Rate | 6.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Non-Carbonated Soft Drinks 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-Carbonated Soft Drinks 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Non-Carbonated Soft Drinks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Non-Carbonated Soft Drinks 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.
Non-Carbonated Soft Drinks Market size was valued at USD 264.10 billion in 2021 and is poised to grow from USD 274.93 billion in 2022 to USD 379.16 billion by 2030, at a CAGR of 4.10% during the forecast period (2023-2030).
The Non-Carbonated Soft Drinks Market is highly competitive, with many and regional players operating. The major players in the market are continuously expanding their products portfolio and strengthening their distribution networks to gain a competitive edge. The key companies are adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to increase their market share and expand their customer base. In addition, they are investing in research and development to launch new products with unique flavors and ingredients. With the growing demand for healthy and natural beverages, companies are also focusing on developing products that cater to this trend. 'Nestle S.A. (Switzerland)', 'PepsiCo, Inc. (US)', 'Coca-Cola Company (US)', 'Danone S.A. (France)', 'Dr Pepper Snapple Group, Inc. (US)', 'Suntory Holdings Limited (Japan)', 'Asahi Group Holdings, Ltd. (Japan)', 'Unilever PLC (UK)', 'Britvic PLC (UK)', 'Keurig Dr Pepper Inc. (US)', 'The Kraft Heinz Company (US)', 'Monster Beverage Corporation (US)', 'Red Bull GmbH (Austria)', 'National Beverage Corp. (US)', 'JAB Holding Company (Luxembourg)', 'ITO EN, Ltd. (Japan)', 'Ocean Spray Cranberries, Inc. (US)', 'Hain Celestial Group, Inc. (US)', 'Arizona Beverages USA LLC (US)', 'Dydo Group Holdings, Inc. (Japan)'
One of the major drivers of the non-carbonated soft drinks market is the growing awareness of the health risks associated with the consumption of carbonated soft drinks. Consumers are becoming more health-conscious and actively seeking beverages that offer health benefits. Non-carbonated soft drinks such as fruit juices, sports drinks, and bottled water are perceived as healthier alternatives to carbonated soft drinks. Manufacturers are capitalizing on this trend by offering a wide variety of non-carbonated soft drinks that are low in sugar, calories, and artificial additives.
Innovative flavors and packaging: Beverage manufacturers are introducing innovative flavors and packaging to attract consumers. For instance, some companies are introducing unique flavors such as cucumber, ginger, and lavender in their non-carbonated beverages. Additionally, companies are using sustainable and eco-friendly packaging materials to appeal to environmentally conscious consumers.
The Asia-Pacific region dominated the non-carbonated soft drinks market in 2022. The dominance of the large and growing population in the region, rising disposable incomes, and changing consumer preferences towards healthier and natural beverages. The population of the Asia-Pacific region is estimated to be over 4.5 billion people, making it the most populous region in the world. This large population provides a huge potential consumer base for non-carbonated soft drinks, perceived as healthier alternatives to carbonated soft drinks. Furthermore, rising disposable incomes in countries such as China, Japan, and India enable consumers to afford premium non-carbonated soft drinks that offer additional health benefits.
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Report ID: SQMIG30G2018
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