The
global Non-alcoholic
Beverages Market size is expected to reach USD 1,997.25 billion by
2030, registering a CAGR of 7.4% from 2024 to 2030, according to a new report
by Grand View Research, Inc. As consumers become more health-conscious, there
is a growing demand for beverages that offer nutritional benefits, such as
hydration, and contribute to overall well-being. This trend has shifted the
spotlight from traditional sugary and carbonated drinks to healthier and
functional beverage options.
Consumers
increasingly seek alternatives to sugary sodas and high-calorie beverages,
driven by concerns about obesity, diabetes, and other health issues. Non-alcoholic
drinks that promote natural ingredients, low or no sugar content, and
functional additives such as vitamins, antioxidants, and probiotics are gaining
popularity. Companies in the market respond to this demand by innovating and
introducing a diverse range of healthier beverage options, including herbal
teas, infused water, natural fruit juices, and functional drinks.
The
rise of alternative and plant-based ingredients is contributing to the growth
of this market. Plant-based beverages, such as almond milk, soy milk, and
other dairy alternatives, have gained traction as consumers explore options that
align with their dietary preferences, including vegan and lactose-free choices.
Health considerations and environmental and ethical concerns drive this shift
toward plant-based and alternative ingredients.
The
retail stores have become integral to the global economy in recent years. These
stores have a competitive advantage in terms of proximity to customers and, in
most cases, an extremely loyal customer base. Retail sales growth has thus
become a major factor in the growth of the market.
For
instance, in 2022, Koios Beverage Corporation, a beverage manufacturer,
partnered with McLane Co., a company that buys, sells, and delivers more than
50,000 consumer products to nearly 110,000 locations across the U.S. This
helped the former to grow its distribution network for its Fit Soda line
(organic, natural soda) in convenience stores and gas stations in the U.S.
Furthermore, the company is expanding its footprint in many new markets and
regions.
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 Press
Release @ Non-alcoholic
Beverages Market Report
Non-alcoholic Beverages Market Report Highlights
- Based on
product, the carbonated soft drinks segment dominated the market
in 2023. As consumers seek less sugar in beverages, several manufacturers
are diversifying their product offerings by providing zero and low-calorie
products to prompt growth within this category
- Based on
distribution channel, the retail segment is expected to grow at the
fastest CAGR from 2024 to 2030. Several brands are launching innovative
products such as mock tails, artisanal sodas, and other non-alcoholic
products through retail channels such as supermarkets, convenience, and
department stores. These retail channels offer various options to
accommodate different tastes and preferences. Moreover, retailers usually
dedicate shelf space for non-alcoholic beverages, further increasing their
visibility and potential for sales
- Asia Pacific
dominated the overall non-alcoholic beverages industry in 2023. Asia
Pacific, particularly in emerging countries, has created a strong demand
for non-alcoholic beverages, including energy drinks and
fortified juices. The growing awareness of the need for an active
lifestyle, given the prevalence of lifestyle diseases, has encouraged
consumers to opt for healthy and sugar-free drinks
Non-alcoholic Beverages Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD
1,303.42 billion |
|
Revenue
forecast in 2030 |
USD
1,997.25 billion |
|
Growth
rate |
CAGR of
7.4% from 2024 to 2030 |
|
Base year
for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
Request For A Free Consultation @ https://www.grandviewresearch.com/request-free-consultation/4760/rfc
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, 2018 - 2030)
- Carbonated
Soft Drinks
- Bottled
Water
- RTD Tea
& Coffee
- Functional
Beverages
- Juices
- Dairy-based
Beverages
- Others
Non-alcoholic Beverages Distribution Channel Outlook
(Revenue, USD Billion, 2018 - 2030)
- Food Service
- Retail
Non-alcoholic Beverages Regional Outlook (Revenue, USD
Billion, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- 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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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