Built for executives and teams involved in growth planning, this research offers a data-driven view of the non alcoholic - beverages industry’s direction and competitive environment.
What Is The Current Outlook For The Non Alcoholic - Beverages Market By 2025?
The non alcoholic - beverages market size has grown strongly in recent years. It will grow from $584.23 billion in 2024 to $614.72 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. 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 " $749.58 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. 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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What Are The Key Driving Factors For The Growth Of The Non Alcoholic - Beverages Market?
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.
Global Non Alcoholic - Beverages Market Report Segmentation
The non alcoholic - beveragesmarket 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:
1) By Coffee and Tea: Ready-To-Drink Coffee, Ground Coffee, Tea Bags, Loose Leaf Tea, Herbal Tea
2) By Soft Drinks and Ice: Carbonated Soft Drinks, Non-Carbonated Soft Drinks, Energy Drinks, Iced Tea And Iced Coffee, Flavored Water, Fruit Juices And Juice Drinks, Ice (Packaged Ice Products)
What Are The Key Trends And Market Opportunities In The Non Alcoholic - Beverages Sector?
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. To cater to the health beverage market, Pepsi is launching products such as organic Gatorade.
Who Are The Leading Players In The Non Alcoholic - Beverages Market?
Major companies operating in the non alcoholic - beverages market include 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., Zevia PBC, The Alkaline Water Company Inc., Coca-Cola FEMSA SAB de CV, Barfresh Food Group Inc., Parle Agro, Asahi Soft Drinks Co. Ltd.
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Which Region Is Projected To Hold The Largest Market Share In The Global Non Alcoholic - Beverages Market By 2029?
Asia-Pacific was the largest region in the non-alcoholic - beverages market in 2024. 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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