![Global Non-Carbonated Soft Drinks Market](https://res.cloudinary.com/devmoveo/image/upload/v1680693807/skyquest/gallery/Global-Non-Carbonated-Soft-Drinks-Market.jpg)
Report ID: SQMIG30G2018
Report ID:
SQMIG30G2018 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
67 |
Figures:
75
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REQUEST FREE CUSTOMIZATIONNon-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