Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The "Non-Alcoholic Beverage Market - A Global and Regional Analysis: Focus on Products, Investments, Key Trends" report has been added to ResearchAndMarkets.com's offering.
The Global Non-Alcoholic Beverage Market was valued at USD 1.8 trillion in 2024, and is expected to reach USD 3.8 trillion by 2034, rising at a CAGR of 7.75%.
The non-alcoholic beverage market encompasses a wide range of products, including soft drinks, bottled water, juices, teas, coffees, and functional beverages. This market is driven by evolving consumer preferences toward healthier and more diverse drink options. Innovations in product development, such as the introduction of plant-based waters and functional drinks, are meeting the growing demand for beverages that offer added health benefits.
The non-alcoholic beverage market is highly competitive, with major players such as The Coca-Cola Company, PepsiCo, and Nestle leading the industry. Additionally, increased awareness of sustainability and wellness is influencing consumer choices, prompting companies to invest in eco-friendly packaging and natural ingredients. This dynamic market continues to expand as it adapts to changing consumer lifestyles and preferences.
The industry's demand for raw materials such as water, sugar, and natural flavorings supports agricultural sectors and influences global trade patterns. Innovations in product development, such as functional and plant-based beverages, spur advancements in food science and packaging technology. The emphasis on sustainability is leading to investments in eco-friendly packaging solutions and renewable energy sources, reducing the environmental footprint of beverage production.
Additionally, the non-alcoholic beverage market focus on health and wellness drives collaborations with healthcare professionals and nutrition experts, fostering a more health-conscious consumer base. Overall, the non-alcoholic beverage market is a dynamic force, contributing to economic growth, technological innovation, and societal well-being.
Water Segment to Dominate the Non-Alcoholic Beverage Market (by Category)
The non-alcoholic beverage market based on category is led by water. It was valued at $428.3 billion in 2023 and is expected to be $744.9 billion in 2034. The water segment is the most growing due to increasing consumer awareness of health benefits and the demand for convenient, clean hydration options. Additionally, innovations in premium and flavored water products are further driving this growth.
Report Scope:
Product/Innovation Strategy: The product segment helps the reader understand the different types of products available globally. Moreover, the study provides the reader with a detailed understanding of the non-alcoholic beverage market by products based on category and preparation.
Growth/Marketing Strategy: The non-alcoholic beverage market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been product launches and acquisitions to strengthen their position in the non-alcoholic beverage market. For instance, on January 31, 2020, Westrock Coffee Company announced a definitive agreement to acquire S&D Coffee & Tea from Cott Corporation. This acquisition establishes Westrock Coffee Company as a leading integrated coffee company catering to the retail, restaurant, convenience store, and hospitality sectors.
Competitive Strategy: Key players in the non-alcoholic beverage market have been analyzed and profiled in the study of non-alcoholic beverage products. Moreover, a detailed competitive benchmarking of the players operating in the non-alcoholic beverage market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Some prominent names established in this market are:
- Nestle
- The Coca-Cola Company
- PepsiCo
- Starbucks Coffee Company
- Keurig Dr Pepper Inc.
- Suntory Beverage & Food Ltd
- Asahi Group Holdings
- Unilever
- Kirin Holdings Company
- The Kraft Heinz Company
- Diageo
- AB InBev
- Red Bull
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 283 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $1.8 Trillion |
| Forecasted Market Value (USD) by 2034 | $3.8 Trillion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Beverage Trends
1.1.1.1 Rise of Functional Beverages
1.1.1.2 Personalized Beverages
1.1.1.3 Plant-Based Waters
1.1.1.4 Non-Alcoholic Alternatives
1.1.2 Consumer Preferences and Change in Drinking Habits
1.1.3 Trends Observed
1.2 Supply Chain Overview
1.3 Research and Development Review
1.4 Regulatory Landscape
1.5 Market Dynamics Overview
1.5.1 Market Drivers
1.5.1.1 Growing Population and Urbanization
1.5.1.2 Growing Demand for Alcohol Alternatives
1.5.2 Market Challenges
1.5.2.1 Strict Government Regulations for the Food and Beverage Industry
1.5.2.2 Volatility in Ingredient Costs
1.5.3 Market Opportunities
1.5.3.1 Growth of E-Commerce for the Beverage Industry
1.6 Startup Funding Summary
2 Products
2.1 Product Segmentation
2.2 Product Summary
2.3 Non-Alcoholic Beverage Market (by Category)
2.3.1 Water
2.3.2 Juices
2.3.3 Soft Drinks
2.3.4 Tea
2.3.5 Coffee
2.3.6 Dairy and Plant-Based Milk
2.3.7 Non-Alcoholic Beer and Wine
2.3.8 Functional Beverages
2.3.9 Specialty Drinks
2.4 Non-Alcoholic Beverage Market (by Preparation)
2.4.1 Retail Packaged
2.4.2 Restaurants and Food Chain
3 Regions
3.1 Regional Summary
3.2 North America
3.3 Europe
3.4 Asia-Pacific
3.5 Rest-of-the-World
4 Markets - Competitive Benchmarking & Company Profiles
- The Coca-Cola Company
- PepsiCo
- Nestle
- Keurig Dr Pepper Inc.
- Red Bull
- Monster Energy Company
- Danone
- Starbucks Coffee Company
- Unilever
- National Beverage Corp.
- Diageo
- Britvic plc
- Tata Consumer Products Limited
- Suntory Beverage & Food
- Asahi Group.
- Black Rifle Coffee Company
- AB InBev
- Jumex
- Kirin Holdings Company Limited
- Molson Coors Beverage Company
- Westrock Coffee Company
- The Vita Coco Company
- Ocean Spray
- Zevia
- Farmer Brothers
- The Alkaline Water Company Inc.
- RAUCH Fruchtsafte
- The Kraft Heinz Company
- Dutch Bros Coffee
- Celsius
For more information about this report visit https://www.researchandmarkets.com/r/t3y7zi
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