The global Non-alcoholic Beverages Market size is anticipated to reach USD 1,185.30 billion by 2030, expanding at 6.4% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. owing to factors such as rising disposable income, population growth, and changing lifestyles. Increasing concerns regarding obesity and health awareness are expected to trigger the growth of low-sugar carbonated drinks, tea & coffee, and bottled water.
Brands
globally have been innovating new products with new flavors and premium flavors
in product categories, such as carbonated beverages, bottled water, and
tea & coffee, which would further support the category growth. For
instance, in May 2021, Danone S.A. launched the first flavored and sparkling
line from its Evian bottled water brand in the U.S., available in four flavors
such as Raspberry & Ginseng, Lime & Ginger, Grapefruit & Basil, and
Cucumber & Mint.
In
terms of product, the bottled water segment is expected to be the
fastest-growing segment during the forecast period. Product launches in this
segment by key players in the market are likely to supplement the overall
segment growth. For instance, in July 2020, Dutch-based brand Bottle Up
launched its product offering in the U.K. with its pre-filled, reusable,
BPA-free, and plant-based water bottles. The bottles would be available in 438
WHSmith locations across U.K., including the train station and airport
locations, such as Manchester Piccadilly, Euston, Heathrow, Luton, Waterloo,
Victoria, and several hospitals.
The
retail distribution channels held the largest share in 2021 and are expected to
remain dominant during the forecast period. The rise in demand for
non-alcoholic beverages or zero-alcohol drinks by the consumers has made these
retailers hold a larger share of such products by different brands such as
Welch, Budweiser, Busch, and Great Value, especially in supermarkets such as
Aldi, Whole Foods, and Walmart.
The
non-alcoholic beverages market is consolidated in nature with the presence of a
large number of international players and few regional players. Nestlé,
PepsiCo, Unilever, Keurig Dr Pepper Inc., The Coca-Cola Company, Cott
Corporation, Danone S.A., SUNTORY BEVERAGE & FOOD LIMITED, Asahi Group
Holdings, Ltd., and Red Bull are among the prominent players in the global
market.
Related Press Release@ Non-alcoholic
Beverages Market Report
Non-alcoholic
Beverages Market Report Highlights
- Asia Pacific
is expected to contribute a majority of the share to become the largest
division in the global revenue in 2021. The preference for healthier
non-alcoholic beverages among consumers is increasing the demand for such
beverages in the region
- The bottled
water segment is projected to register the fastest growth during the
forecast period from 2022 to 2030
- The retail
distribution channel segment is expected to register faster growth during
the forecast period. An increase in product availability by various brands
in the hypermarkets, and supermarkets coupled with the increase in
internet penetration is likely to bode well with the future segment growth
List
of Key Players in the Non-alcoholic Beverages Market
- Nestlé
- PepsiCo
- Unilever
- Keurig Dr. Pepper Inc.
- The Coca-Cola Company
- Jones Soda Co.
- Danone S.A.
- Suntory Beverage & Food Ltd.
- Asahi Group Holdings, Ltd.
- Red Bull
Related Report
Alcoholic Drinks Market
Canned Alcoholic Beverages Market
Non-alcoholic Beverages Market Segmentation
Grand View Research has segmented the global
non-alcoholic beverages market based on product, distribution channel, and
region:
Non-alcoholic Beverages Product Outlook (Revenue, USD
Billion, 2017 - 2030)
- Carbonated Soft Drinks
- Water
- Sports & Functional Drinks
- Tea
- Bubble/Sparkling Water
Non-alcoholic Beverages Distribution Channel Outlook
(Revenue, USD Billion, 2017 - 2030)
- Food Service
- Retail
Non-alcoholic Beverages Regional Outlook (Revenue, USD
Billion, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Italy
- Spain
- France
- Germany
- Asia Pacific
- Indonesia
- Malaysia
- Singapore
- Thailand
- China
- Vietnam
- Philippines
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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