Non Alcoholic – Beverages Market Technology, Scope, Assessment, Capacity, Current Status And Forecast 2023-2032|PepsiCo, Inc., Nestle S.A., The Coca-Cola Company, Coca-Cola European Partners plc, Suntory Holdings Limited

The Non Alcoholic – Beverages Global Market Report 2023 by The Business Research Company, provides non alcoholic – beverages market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Non Alcoholic – Beverages Global Market Report 2023, the market size is expected to grow from$556.01 billion in 2022 to $592.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global non alcoholic – beverages market analysis size is expected to grow to $741.17 billion in 2027 at a CAGR of 5.8%.

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.

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The non alcoholic – beverages market 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

Increasing health awareness and consciousness among consumers is driving the demand for beverages that provide nutrition, antioxidants, and probiotics. Health beverages support detoxing, weight loss, digestive health, nutrition, and, in some cases, act as meal replacements. For instance, Kombucha, a fermented tea made from a mix of yeast, bacteria culture, sugar, and tea, is increasingly being consumed as a health beverage. According to Beverage Daily, the kombucha market is expected to grow by 25% annually until 2020. To cater to the health beverage market, Pepsi is launching products such as organic Gatorade.

The non alcoholic – beverages market report table of contents includes: