Global Non-alcoholic Beverage Market – Size, Outlook, Trends and Forecast (2024 – 2032)

A non-alcoholic beverage is a non-alcoholic version of an alcoholic drink. These may take the form of a non-alcoholic mixed drink, non-alcoholic beer, and mocktails and are widely available where alcoholic drinks are sold. Non-alcoholic beverage market shows market data on drinks without alcohol including hot drinks, soft drinks, energy drinks, fruit beverages, bottled water, sports beverages and value-added water.

Global Non-alcoholic Beverage Market Segments Size & Growth:

Global non-alcoholic beverage market is anticipated to reach $1.60 trillion by 2025 at a CAGR of 4.7%. The key factors influencing the market growth include growing awareness among the consumers towards health problems, increasing concerns regarding obesity, inclination to imbibe on new flavours in drinks, growing population and disposable incomes with the rise in some value-oriented smart consumers. New product launches because of product line extension enabled customers to select application-specific offerings are majorly anticipated to drive the non-alcoholic beverage market growth.

Global Non-alcoholic Beverage Market Segments Share:

Global non-alcoholic beverage market is categorised based on product and distribution channel in which product is classified as carbonated soft drinks, fruit beverages, bottled waters, functional beverages, sports drinks and others. Among which functional beverage is the fastest growing product over the forecast period owing to the rise of consumers that are more concerned towards health. Carbonated soft drink emerged as the most prominent one, and it is having a share of over one-third of the global demand. Based on distribution channel, the market is segmented into supermarkets, general merchandisers, food services, drinking places, gas stations, convenience stores, vending machine operations, and others. Non-alcoholic beverages are increasingly supplied through hypermarkets, supermarkets and convenience stores globally, displaying a strong presence of non-alcoholic products across the globe. Foodservice and hotels are expected to be the essential channels for the growth of the industry globally.

Geographically, non-alcoholic beverages market is segmented into North America, Europe, Asia-Pacific, South America and the Middle East and Africa. Among which North America accounted for the largest market owing to the presence of developed economy and high standard of living and increasing health awareness among all the age groups is expected to experience stable growth throughout the forecast period. The Asia Pacific emerged as the fastest growing region in nonalcoholic beverage industry owing to the presence of various untapped markets, huge population, and increasing disposable income. The emerging economies such as China, India, Thailand, and Malaysia has the advantage over other areas because of low-cost labour and raw materials.

Global Non-alcoholic Beverage Market Trends:

• New product launches, because of the product line extension, have enabled customers to select application-specific offerings from a wide variety of options.
• PepsiCo launched new beverage brand drinkfinity, range in the US.
• In January 2018, Coca-Cola had re-launched low-calorie, Diet Coke in four new flavours including ginger-lime, feisty cherry, blood orange and twisted mango.
• Cott has completed the sale of its traditional beverage manufacturing business to Refresco in an all-cash transaction worth $1.25bn.

Global Non-alcoholic Beverage Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players are

• PepsiCo, Inc.
• Kraft Heinz company
• Peppa Snapple Group Inc.
• The Coca-Cola Company
• Nestle S.A
• Cott Beverages, Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Non-Alcoholic Beverages market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.