Global Still Drinks Market - 2023-2030

Global Still Drinks Market - 2023-2030

Market Overview

The global still drinks market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.50% during the forecast period (2023-2030).

Still drinks are defined as non-carbonated alcoholic beverages that have a number of health advantages, which includes improved digestion, instant energy, improved heart health, and others. Bottled water, fruit juice, RTD coffee and tea, and energy drinks are among the still beverages. Still drinks also include bottled water with a variety of flavors and functional beverages that are fortified with essential vitamins and minerals.

The increasing demand for functional ingredients in still drinks is one of the major factors that is estimated to have a positive impact on the growth of the still drinks market. The increasing concerns about maintaining a better healthy lifestyle has increased the demand for products that offer healthy components. These factors are expected to drive the market growth during the forecast period.

Market Dynamics

The still drinks market growth is due to the rising demand for non-carbonated drinks

The demand for non-carbonated drinks is increasing as a result of urbanization, higher disposable incomes, and growth in health consciousness among consumers. Teenagers use a lot of energy drinks since they claim to improve their performance, endurance, and alertness. Indian consumers use energy drinks as a result of their long and unpredictable work hours as well as the increased frequency of social gatherings.

Furthermore, rise in incidence of healthy lifestyles has prompted health-conscious consumers to choose sugar-free drinks. The still drink industry is estimated to grow, owing to an increase in advertising and promotional techniques.

The global still drinks market is driven by the rising use of functional drinks

Customers across the globe are increasingly consuming various types of functional drinks. Numerous functional drinks in a variety of flavors and various aggressive marketing strategies, such as still drink promotion through TV, newspaper, radio, and other advertising by major still drink producers, are frequently introduced. These are the key reasons that are predicted to enhance growth of the global still drinks market over the forecast period.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global still drinks market is segmented based on type, flavor, distribution channel, and region.

Rising demand for the orange flavour in the flavour segment

The orange flavour segment is estimated to grow at a rapid pace over the forecast period. The segment is set to emerge, owing to characteristics like high acceptability and richness in taste and familiarity with the actual fruit that makes the orange flavor most preferred ones among the consumers.

Geographical Analysis

The high demand for still drinks in North America

North America holds the highest share in the global market and is estimated to grow over the forecast period, owing to rising consumption of still drinks among consumers in this region. Moreover, rising consumer awareness of health issues is anticipated to support the expansion of the still drinks market during the forecast period.

The market in Asia Pacific is predicted to generate maximum CAGR in the global still drinks market in the near future, as there is increasing demand for various types of still drinks among youth population in countries such as India and China. Moreover, the rate of urbanization in this region is accelerating along with rising consumer per capita income.

Competitive Landscape

The major global players in the market include PepsiCo, Danone, Arizona Beverages, The Coca-Cola Company, Nestle, Argo Tea, Dr Pepper Snapple Group, DÖHLER, Bisleri International, and Del Monte.

Why Purchase the Report?
• To visualize the global still drinks market segmentation based on type, flavor, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of Still Drinks market-level with all segments.
• PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as Excel consisting of key products of all the major market players.

The global still drinks market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies