Nonalcoholic Beverages

Nonalcoholic Beverages

Global Nonalcoholic Beverages Market to Reach US$1.6 Billion by 2030

The global market for Nonalcoholic Beverages estimated at US$1.1 Billion in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. Carbonated Soft Drinks, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$554.0 Million by the end of the analysis period. Growth in the Bottled Water segment is estimated at 6.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$290.6 Million While China is Forecast to Grow at 8.6% CAGR

The Nonalcoholic Beverages market in the U.S. is estimated at US$290.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$362.7 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Nonalcoholic Beverages Market - Key Trends and Drivers Summarized

Why Are Nonalcoholic Beverages Gaining Popularity Globally?

Nonalcoholic beverages are experiencing a surge in demand worldwide, driven by increasing health consciousness, shifting consumer preferences, and growing awareness of the negative effects of excessive alcohol consumption. This category encompasses a wide range of products, including soft drinks, bottled water, juices, ready-to-drink (RTD) teas and coffees, functional drinks, and energy drinks. As consumers seek healthier alternatives, manufacturers are innovating with low-calorie, low-sugar, and functional beverages enriched with vitamins, minerals, and natural ingredients. The rise of plant-based and organic drinks has further diversified the nonalcoholic beverage market, making it one of the fastest-growing segments in the food and beverage industry.

What Are the Key Segments in the Nonalcoholic Beverages Market?

Key types include carbonated drinks, bottled water, juices, sports drinks, and RTD teas and coffees, with bottled water and juices dominating the market due to health benefits and convenience. In terms of packaging, options range from bottles and cans to cartons and pouches, with sustainable packaging solutions gaining popularity due to environmental concerns. The primary distribution channels include supermarkets, convenience stores, online retail, and vending machines, with online sales experiencing significant growth due to the rise of e-commerce and direct-to-consumer (DTC) strategies.

How Are Nonalcoholic Beverages Being Integrated into Consumers` Lifestyles?

The adoption of nonalcoholic beverages is driven by growing consumer preferences for healthier drink options. Functional beverages, such as energy drinks, sports drinks, and enhanced waters, are popular among fitness enthusiasts and athletes for hydration, energy boosts, and electrolyte replenishment. RTD teas and coffees have become a staple for busy consumers seeking convenience without compromising on quality or flavor. Plant-based drinks, such as almond milk, oat milk, and coconut water, have gained traction among consumers following vegan or lactose-free diets. Additionally, low-sugar and low-calorie drinks cater to the rising demand for healthier options, particularly among health-conscious consumers and diabetics.

What Factors Are Driving the Growth in the Nonalcoholic Beverages Market?

The growth in the Nonalcoholic Beverages market is driven by several factors, including increasing health consciousness among consumers, which has led to a shift towards low-calorie, low-sugar, and functional drinks. Innovations in flavor, ingredients, and packaging have further fueled demand, offering a variety of choices for different consumer preferences. The rise of veganism and lactose intolerance has spurred the demand for plant-based beverages, expanding the market. Additionally, the growth of e-commerce and DTC sales channels has made nonalcoholic beverages more accessible, contributing to market expansion. The increasing focus on sustainability, with eco-friendly packaging and ethically sourced ingredients, is also driving growth in this market segment.

Select Competitors (Total 112 Featured) -

• A.G. BARR p.l.c.
• Attitude Drinks Incorporated
• Campbell Soup Company
• Coca-Cola Company
• Cott Corporation
• Danone SA
• Dr Pepper Snapple Group, Inc
• Dydo Drinco Inc
• Kraft Foods Group, Inc.
• Monster Beverage Corporation
• Nestle S.A.
• PepsiCo, Inc.
• Red Bull GmbH
• Suntory Holdings Limited
• The Unilever Group

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