Overview and Scope
Non-alcoholic – beverages are drinks that are either totally free from alcohol or that have less than 0.5 percent alcohol by volume (abv).
Sizing and Forecast
The non alcoholic – beverages market size has grown strongly in recent years. It will grow from $563.92 billion in 2023 to $596.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rise of functional beverages, changing consumer demographics, marketing and branding strategies, globalization and cultural influences, influence of health and lifestyle magazines.
The non alcoholic – beverages market size is expected to see strong growth in the next few years. It will grow to $732.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growing emphasis on sustainability, functional and wellness-boosting ingredients, rise of plant-based beverages, focus on low sugar and natural sweeteners, health and immunity benefits. Major trends in the forecast period include natural and clean labels, packaging innovations, digital marketing, customization and personalization, hydration innovation, tech integration in beverage experience.
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Segmentation & Regional Insights
The non alcoholic – beverages market covered in this report is segmented –
1) By Type: Coffee And Tea, Soft Drink And Ice
2) By Distribution Channel: Off-Trade Channels, On-Trade Channels
3) By Category: Mass, Premium
Subsegments Covered: Coffee, Tea, Soft Drinks, Ice
The Asia-Pacific was the largest region in the non-alcoholic – beverages market in 2023. Western Europe was the second-largest region in the non-alcoholic – beverages market. The regions covered in the non alcoholic – beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The world’s population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to the American Society of Nutrition, the consumption of sugar-sweetened beverages was highest in Mexico. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products due to the rising population during the forecast period.
Key Industry Players
Major companies operating in the non alcoholic – beverages market report are Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Fomento Economico Mexicano SAB de CV, Danone S.A., The Kraft Heinz Company, Suntory Holdings Limited, Coca-Cola Europacific Partners PLC, Coca-Cola European Partners plc, Kirin Holdings Co Ltd, Keurig Dr Pepper Inc., Red Bull GmbH, The Hershey Company, Coca-Cola HBC AG, Monster Beverage Corporation, Coca-Cola Consolidated Inc., AriZona Beverages USA, Embotelladora Andina S.A., Primo Water Corporation, National Beverage Corp., Oatly Group AB, Celsius Holdings Inc., The Vita Coco Company Inc., IBS Partners Ltd, Zevia PBC, The Alkaline Water Company Inc., Coca-Cola FEMSA SAB de CV, Barfresh Food Group Inc., Parle Agro, Asahi Soft Drinks Co. Ltd.
The non alcoholic – beverages market report table of contents includes:
1. Executive Summary
2. Non Alcoholic – Beverages Market Report Structure
3. Non Alcoholic – Beverages Market Trends And Strategies
4. Non Alcoholic – Beverages Market – Macro Economic Scenario
5. Non Alcoholic – Beverages Market Size And Growth
…..
27. Non Alcoholic – Beverages Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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