USD 994.01 billion
Report ID: SQMIG30G2045 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 67 | Figures: 75
Global Non-alcoholic Beverages Market size was valued at USD 994.01 billion in 2021 and is poised to grow from USD 1077.35 billion in 2022 to USD 1879.91 billion by 2030, growing at a CAGR of 8.56% in the forecast period (2023-2030).
The global beverage industry is taking advantage of a wave of fundamental change and is constantly changing due to the non-alcoholic beverages market's growing associations with social and cultural roles. With an increasing tendency over the previous several years, non-alcoholic beverages now account for more than 50% of the worldwide beverage industry. Due to the expanding popularity of reviving beverages and the advancement of civilization throughout human civilizations, the market provides investors with a comprehensive perspective of the industry. Manufacturers have been motivated to expand their production capacities globally by the lowered trade restrictions and tariff barriers in the international market. In the upcoming years, there will be several potentials for market development due to the rise of developing markets as well as altering consumer demand brought on by the introduction of novel goods.
US Non-alcoholic Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 994.01 billion
Carbonated Soft Drinks (CSD)
Carbonated Soft Drinks (CSD)
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The Global Non-alcoholic Beverages Market is segmented based on Type, Distribution Channel, and Region. Based on the Type, the Global Non-alcoholic Beverages Market is segmented as Carbonated Soft Drinks (CSD), Ready-to-Drink Coffee & Tea, Bottled Water, Fruit Beverages, and Others (Sports Drinks & Functional Drinks). Based on the Distribution Channel, the Global Non-alcoholic Beverages Market is segmented as Supermarkets/Hypermarkets, Food Services Sector, Convenience Stores, Specialty Stores, and Online retail. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Non-alcoholic Beverages Market Analysis by Distribution Channel
Investors are using customer conveniences to provide a simple shopping experience while the supermarket/hypermarket sector undergoes constant change. Retailers are able to supply customers with beverages of a sufficient quality thanks to the floor's equipment and implementation of technology improvements. A significant portion of non-alcoholic beverage sales is made through supermarkets and hypermarkets, which sold nearly 43% of all groceries in 2017, according to the Food Industry Association 2018. In order to avoid fines from the Environmental Protection Agency (EPA) and to provide their customers with high-quality goods, supermarkets are putting an emphasis on adhering to new regulatory standards including those pertaining to refrigerant leaks and quality assurance.
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The Asia Pacific has emerged as the non-alcoholic beverages market leader and will remain so during the projection period, owing to a consistent development in discretionary income status and consumer living standards. Consumer spending on beverage items has grown as a result of consumers' rising acceptance of western culture and modernization. Due to the rise in consumer demand for RTD beverages and sports drinks, the markets in North America and Europe are predicted to expand at a high CAGR. The consumption of alcohol is falling in each of the aforementioned locations, and consumers are shifting their attention to "better-for-you" goods that support the non-alcoholic beverages market for healthy soft drinks.
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Non-alcoholic Beverages Market Driver
Evolution of e-Commerce Platforms to Attract Higher Revenues
Non-alcoholic Beverages Market Restraint
Fluctuations in Availability and Price of Natural Resources to Dampen the Supply Chain
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The Global Non-alcoholic Beverages market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Non-alcoholic Beverages Market Top Player's Company Profiles
Non-alcoholic Beverages 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 utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Non-alcoholic Beverages Market Analysis, since revitalizing beverages are becoming more and more popular and because human civilizations have advanced, the market offers investors a thorough understanding of the sector. The lessened trade restrictions and tariff barriers in the global market have encouraged manufacturers to increase their production capacity internationally. Due to the growth of expanding markets as well as the altered consumer demand brought on by the introduction of fresh items, there will be several opportunities for non-alcoholic beverages market expansion in the future years.
|Market size value in 2021||USD 994.01 billion|
|Market size value in 2030||USD 1879.91 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Non-alcoholic Beverages 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 Global Non-alcoholic Beverages 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Non-alcoholic Beverages Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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