Market Size of Non-alcoholic Beverages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Non Alcoholic Beverages Market Analysis
The non-alcoholic beverages market is projected to register a CAGR of 4.7% over the forecast period.
Demand for healthy beverages and consumer preference for unique and different flavors is expected to drive the market for non-alcoholic beverages across regions. The young population is increasingly becoming health-conscious, driving the demand for zero-calorie beverages or those with fewer calories. The demand is also fuelled by growth in the functional beverages category, including sports drinks, due to higher average participation in physical activities. With increasing health awareness and growing demand from millennials, the sports drink segment of the market is identified as the fastest-growing sub-segment.
Non Alcoholic Beverages Industry Segmentation
The non-alcoholic beverages market is segmented by type, distribution channel, and geography. By type, the market is segmented into carbonated and non-carbonated beverages. The non-carbonated beverages are further segmented into fruit and vegetable juices, functional drinks, ready-to-drink tea and coffee, bottled water, and other non-carbonated beverages. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online sales channels, and other channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done based on value (in USD billion).
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| Carbonated Beverage | |||||||
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| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Speciality Stores | |
| Online Stores | |
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Non-alcoholic Beverages Market Size Summary
The non-alcoholic beverages market is experiencing a notable expansion, driven by a growing consumer preference for healthier options and innovative flavors. This trend is particularly evident among the younger, health-conscious demographic, which is increasingly seeking zero-calorie or low-calorie beverages. The market is witnessing significant growth in the functional beverages segment, such as sports drinks, which are gaining popularity due to the rising participation in physical activities. This surge in demand is further supported by the introduction of new products, like Applied Nutrition's L-Carnitine sports drink, which caters to the needs of athletes and fitness enthusiasts. Regions like North America are seeing a rise in energy drink consumption, fueled by a strong coffee culture and the introduction of novel ingredients and flavors.
In the Asia-Pacific region, the non-alcoholic beverages market is outpacing growth in developed areas, driven by a demand for cleaner, organic, and plant-based products. This shift is influenced by increased consumer awareness regarding health and ethical practices, leading to a rise in veganism and the popularity of plant-based drinks. Companies are responding to this demand by launching new product lines, such as GO MATE's natural energy drinks. The market is highly competitive, with major players like PepsiCo, Coca-Cola, Danone, Red Bull, and Nestl鈭毬� offering a diverse range of beverages. These companies are expanding their operations and forming strategic partnerships to capitalize on the market's potential, as seen in PepsiCo's new bottling plant in Colorado and Red Bull's limited-edition flavor launches.
Non-alcoholic Beverages Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Carbonated Beverage
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2.1.2 Non-carbonated Beverage
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2.1.2.1 Fruit and Vegetable Juice
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2.1.2.2 Functional Drinks
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2.1.2.3 RTD Tea and Coffee
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2.1.2.4 Bottled Water
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2.1.2.5 Other Types
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Speciality Stores
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2.2.4 Online Stores
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2.2.5 Other Distribution Channels
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Russia
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Non-alcoholic Beverages Market Size FAQs
What is the current Non-alcoholic Beverages Market size?
The Non-alcoholic Beverages Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Non-alcoholic Beverages Market?
PepsiCo, Inc., The Coca-Cola Company, Danone S.A., Nestl茅 S.A. and Red Bull GmbH are the major companies operating in the Non-alcoholic Beverages Market.
