Non-Alcoholic RTD Beverages Market Size is projected to reach USD 2,105.20 billion by 2031, growing at a CAGR of 5.53%: Straits Research

New York, United States, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Non-alcoholic RTD beverages are consumable beverages that lack alcohol. Increasing consumer demand for ready-to-drink mixed and protein beverages drives the market's growth. Non-alcoholic RTD beverages include, among others, functional beverages, tea and coffee, carbonated soft drinks, fruit and vegetable juices, flavored and fortified water, and dairy-based beverages. Due to the domino effect of more and more individuals choosing non-alcoholic drinks and beverages, a new category of premium soft drinks with complex flavors aimed at adults has emerged. Brands have kept up with new trends by releasing new products and expanding existing product lines.

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Rising Demand for Functional Beverages Drives the Global Market

People are selling functional beverages with added ingredients that aid in treating numerous health conditions. The beneficial effects of these beverages on the body, such as an improved immune system, heart rate, digestive health, hydration and electrolyte replenishing benefits post-exercise, and improved intestinal flora and gut function, are primarily responsible for the consumer demand for this product. For instance, sports drinks are marketed as products that keep you hydrated, whereas probiotic drinks are marketed as products that keep the gut healthy. Marketers of functional beverages focus on properly labeling and aligning each formula with a specific health benefit and application to attract consumers' attention. Consequently, the increasing demand for functional beverages drives the non-alcoholic RTD beverage market expansion.

Growing Interest in Organic Products Creates Tremendous Opportunities

Consumers prefer organic food and beverages due to their increased health consciousness. Organic ready-to-drink (RTD) beverages made without pesticides, herbicides, and fertilizers are more likely to be purchased. In recent years, both developed and developing economies have witnessed a significant increase in the demand for organic products. According to SR analysis, the value of the Indian organic products market was USD 2.99 billion in 2018, representing an 8.6% CAGR between 2008 and 2018. Based on the Research Institute of Organic Agriculture (FiBL), European organic food sales amounted to EUR 30.7 billion (USD 34.2 billion) in 2016, up 11.4% from 2015. This shift in consumption patterns has prompted manufacturers' introduction of natural and organic foods and beverages. Thus, the preference for organic products creates an opportunity for players in the global market for non-alcoholic RTD beverages.

Report Scope

Report Metric	Details
Market Size by 2031	USD 2,105.20 billion
Market Size in 2022	USD 1,296.91 billion
CAGR	5.53% (2023-2031)
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product Type, Packaging Type, Distribution Channel
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Competitive Benchmarking, PepsiCo, Keurig Dr. Pepper Inc., The Coca-Cola Company, Nestlé S.A., Starbucks Corporation, Danone S.A., Lotte Chilsung Beverage Co. Ltd., Suntory Holdings Limited, POKKA SAPPORO Food & Beverage Ltd, and Yakult Honsha Co. Ltd.
Key Market Opportunities	Growing Interest in Organic Products
Key Market Drivers	Surging Demand for Non-Alcoholic Beverages Rising Demand for Functional Beverages

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Regional Analysis

Asia-Pacific is the most significant shareholder in the global non-alcoholic RTD beverages market and is anticipated to grow at a CAGR of 5.6% during the forecast period. The market will likely expand significantly during the forecast because western cultures influence healthy eating habits. More people are consuming non-alcoholic beverages because the middle class is expanding and residing in cities. China, India, and several other Southeast Asian nations generated a significant portion of Asia-Pacific's revenue. These nations are anticipated to produce the highest growth rate during the forecast period.

Europe is expected to grow at a CAGR of 5.53% over the forecast period. Increasing awareness of healthy beverage consumption in the region is driving growth in the market for non-alcoholic RTD drinks. The European populace's growing interest in RTD tea and coffee, as well as fruits and vegetable juices with enhanced flavors and superior quality, is propelling the non-alcoholic RTD beverages market in the region. The European market is also experiencing the premiumization trend, in which leading brands promote specialty RTD tea and coffee products by emphasizing their superior quality and uniqueness. The expansion of the European market for non-alcoholic RTD beverages is anticipated to benefit from improvements in product development and technology during the forecast period.

Key Highlights

• The global non-alcoholic RTD beverages market size is estimated to reach USD 2,105.20 billion by 2031, growing at a CAGR of 5.53% during the forecast period (2023–2031).
• By product type, the global non-alcoholic RTD beverages market is divided into functional beverages, carbonated soft drinks, tea and coffee, fruits and vegetable juice, bottled water, dairy-based beverages, and others. The bottled water segment is the highest contributor to the market and is anticipated to grow at a CAGR of 5.72% over the forecast period.
• By packaging type, the global non-alcoholic RTD beverages market is divided into bottles, cans, and others. The bottles segment owns the highest market share and is anticipated to grow at a CAGR of 5.49% over the forecast period.
• By distribution channel, the global non-alcoholic RTD beverages market is divided into store-based and non-store-based channels. The store-based segment is the highest contributor to the market and is anticipated to grow at a CAGR of 5.72% over the forecast period.
• Asia-Pacific is the most significant shareholder in the global non-alcoholic RTD beverages market and is anticipated to grow at a CAGR of 5.6% during the forecast period.

Competitors in Non-Alcoholic Rtd Beverages Market

• Competitive Benchmarking
• PepsiCo
• Keurig Dr. Pepper Inc.
• The Coca-Cola Company
• Nestlé S.A.
• Starbucks Corporation
• Danone S.A.
• Lotte Chilsung Beverage Co. Ltd.
• Suntory Holdings Limited
• POKKA SAPPORO Food & Beverage Ltd
• Yakult Honsha Co. Ltd.

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Segmentation of Global Non-Alcoholic RTD Beverages Market

By Product Type

• Functional Beverages
• Carbonated Soft Drinks
• Tea and Coffee
• Fruits and Vegetable Juice
• Bottled Water
• Dairy Based Beverages
• Others

By Packaging Type

• Bottles
• Cans
• Others

By Distribution Channel

• Store-based
• Non-Store-based

By Regions

• North America
• Europe
• Asia-Pacific
• Rest of the World

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. RESEARCH OBJECTIVES
   2. MARKET DEFINITION
   3. LIMITATIONS & ASSUMPTIONS
   4. MARKET SCOPE & SEGMENTATION
   5. CURRENCY & PRICING CONSIDERED
3. MARKET OPPORTUNITY ASSESSMENT
   1. EMERGING REGIONS / COUNTRIES
   2. EMERGING COMPANIES
   3. EMERGING APPLICATIONS / END USE
   4. INVESTMENT LANDSCAPE
   5. NEW BUSINESS MODELS / REVENUE STREAMS
   6. TAM
4. MARKET TRENDS
   1. DRIVERS
   2. MARKET WARNING FACTORS
   3. LATEST MACRO ECONOMIC INDICATORS
   4. GEOPOLITICAL IMPACT
   5. HUMAN FACTORS
   6. TECHNOLOGY FACTORS
5. MARKET ASSESSMENT
   1. PORTERS FIVE FORCES ANALYSIS
   2. VALUE CHAIN ANALYSIS
   3. RAW MATERIAL ANALYSIS
   4. SALES AND DISTRIBUTION CHANNEL ANALYSIS
   5. TRADE ANALYSIS
   6. M & A AGREEMENTS & COLLABRATION ANALYSIS
   7. EXPORT IMPORT ANALYSIS
   8. COST STRUCTURE ANALYSIS
6. ESG TRENDS
7. GLOBAL NON-ALCOHOLIC RTD BEVERAGES MARKET SIZE ANALYSIS
   1. GLOBAL NON-ALCOHOLIC RTD BEVERAGES MARKET INTRODUCTION
   2. BY PRODUCT TYPE
      1. INTRODUCTION
         1. PRODUCT TYPE BY VALUE
      2. FUNCTIONAL BEVERAGES
         1. BY VALUE
      3. CARBONATED SOFT DRINKS
         1. BY VALUE
      4. TEA AND COFFEE
         1. BY VALUE
      5. FRUITS AND VEGETABLE JUICE
         1. BY VALUE
      6. BOTTLED WATER
         1. BY VALUE
      7. DAIRY BASED BEVERAGES
         1. BY VALUE
      8. OTHERS
         1. BY VALUE
   3. BY PACKAGING TYPE
      1. INTRODUCTION
         1. PACKAGING TYPE BY VALUE
      2. BOTTLES
         1. BY VALUE
      3. CANS
         1. BY VALUE
      4. OTHERS
         1. BY VALUE
   4. BY DISTRIBUTION CHANNEL
      1. INTRODUCTION
         1. DISTRIBUTION CHANNEL BY VALUE
      2. STORE-BASED
         1. BY VALUE
      3. NON-STORE-BASED
         1. BY VALUE
8. NORTH AMERICA MARKET ANALYSIS
   1. INTRODUCTION
   2. BY PRODUCT TYPE
      1. INTRODUCTION
         1. PRODUCT TYPE BY VALUE
      2. FUNCTIONAL BEVERAGES
         1. BY VALUE
      3. CARBONATED SOFT DRINKS
         1. BY VALUE
      4. TEA AND COFFEE
         1. BY VALUE
      5. FRUITS AND VEGETABLE JUICE
         1. BY VALUE
      6. BOTTLED WATER
         1. BY VALUE
      7. DAIRY BASED BEVERAGES
         1. BY VALUE
      8. OTHERS
         1. BY VALUE
   3. BY PACKAGING TYPE
      1. INTRODUCTION
         1. PACKAGING TYPE BY VALUE
      2. BOTTLES
         1. BY VALUE
      3. CANS
         1. BY VALUE
      4. OTHERS
         1. BY VALUE
   4. BY DISTRIBUTION CHANNEL
      1. INTRODUCTION
         1. DISTRIBUTION CHANNEL BY VALUE
      2. STORE-BASED
         1. BY VALUE
      3. NON-STORE-BASED
         1. BY VALUE
   5. U.S.
      1. BY PRODUCT TYPE
         1. INTRODUCTION
            1. PRODUCT TYPE BY VALUE
         2. FUNCTIONAL BEVERAGES
            1. BY VALUE
         3. CARBONATED SOFT DRINKS
            1. BY VALUE
         4. TEA AND COFFEE
            1. BY VALUE
         5. FRUITS AND VEGETABLE JUICE
            1. BY VALUE
         6. BOTTLED WATER
            1. BY VALUE
         7. DAIRY BASED BEVERAGES
            1. BY VALUE
         8. OTHERS
            1. BY VALUE
      2. BY PACKAGING TYPE
         1. INTRODUCTION
            1. PACKAGING TYPE BY VALUE
         2. BOTTLES
            1. BY VALUE
         3. CANS
            1. BY VALUE
         4. OTHERS
            1. BY VALUE
      3. BY DISTRIBUTION CHANNEL
         1. INTRODUCTION
            1. DISTRIBUTION CHANNEL BY VALUE
         2. STORE-BASED
            1. BY VALUE
         3. NON-STORE-BASED
            1. BY VALUE
   6. CANADA
9. EUROPE MARKET ANALYSIS
   1. INTRODUCTION
   2. BY PRODUCT TYPE
      1. INTRODUCTION
         1. PRODUCT TYPE BY VALUE
      2. FUNCTIONAL BEVERAGES
         1. BY VALUE
      3. CARBONATED SOFT DRINKS
         1. BY VALUE
      4. TEA AND COFFEE
         1. BY VALUE
      5. FRUITS AND VEGETABLE JUICE
         1. BY VALUE
      6. BOTTLED WATER
         1. BY VALUE
      7. DAIRY BASED BEVERAGES
         1. BY VALUE
      8. OTHERS
         1. BY VALUE
   3. BY PACKAGING TYPE
      1. INTRODUCTION
         1. PACKAGING TYPE BY VALUE
      2. BOTTLES
         1. BY VALUE
      3. CANS
         1. BY VALUE
      4. OTHERS
         1. BY VALUE
   4. BY DISTRIBUTION CHANNEL
      1. INTRODUCTION
         1. DISTRIBUTION CHANNEL BY VALUE
      2. STORE-BASED
         1. BY VALUE
      3. NON-STORE-BASED
         1. BY VALUE
   5. U.K.
      1. BY PRODUCT TYPE
         1. INTRODUCTION
            1. PRODUCT TYPE BY VALUE
         2. FUNCTIONAL BEVERAGES
            1. BY VALUE
         3. CARBONATED SOFT DRINKS
            1. BY VALUE
         4. TEA AND COFFEE
            1. BY VALUE
         5. FRUITS AND VEGETABLE JUICE
            1. BY VALUE
         6. BOTTLED WATER
            1. BY VALUE
         7. DAIRY BASED BEVERAGES
            1. BY VALUE
         8. OTHERS
            1. BY VALUE
      2. BY PACKAGING TYPE
         1. INTRODUCTION
            1. PACKAGING TYPE BY VALUE
         2. BOTTLES
            1. BY VALUE
         3. CANS
            1. BY VALUE
         4. OTHERS
            1. BY VALUE
      3. BY DISTRIBUTION CHANNEL
         1. INTRODUCTION
            1. DISTRIBUTION CHANNEL BY VALUE
         2. STORE-BASED
            1. BY VALUE
         3. NON-STORE-BASED
            1. BY VALUE
   6. GERMANY
   7. FRANCE
   8. SPAIN
   9. ITALY
   10. RUSSIA
   11. NORDIC
   12. BENELUX
   13. REST OF EUROPE
10. APAC MARKET ANALYSIS
    1. INTRODUCTION
    2. BY PRODUCT TYPE
       1. INTRODUCTION
          1. PRODUCT TYPE BY VALUE
       2. FUNCTIONAL BEVERAGES
          1. BY VALUE
       3. CARBONATED SOFT DRINKS
          1. BY VALUE
       4. TEA AND COFFEE
          1. BY VALUE
       5. FRUITS AND VEGETABLE JUICE
          1. BY VALUE
       6. BOTTLED WATER
          1. BY VALUE
       7. DAIRY BASED BEVERAGES
          1. BY VALUE
       8. OTHERS
          1. BY VALUE
    3. BY PACKAGING TYPE
       1. INTRODUCTION
          1. PACKAGING TYPE BY VALUE
       2. BOTTLES
          1. BY VALUE
       3. CANS
          1. BY VALUE
       4. OTHERS
          1. BY VALUE
    4. BY DISTRIBUTION CHANNEL
       1. INTRODUCTION
          1. DISTRIBUTION CHANNEL BY VALUE
       2. STORE-BASED
          1. BY VALUE
       3. NON-STORE-BASED
          1. BY VALUE
    5. CHINA
       1. BY PRODUCT TYPE
          1. INTRODUCTION
             1. PRODUCT TYPE BY VALUE
          2. FUNCTIONAL BEVERAGES
             1. BY VALUE
          3. CARBONATED SOFT DRINKS
             1. BY VALUE
          4. TEA AND COFFEE
             1. BY VALUE
          5. FRUITS AND VEGETABLE JUICE
             1. BY VALUE
          6. BOTTLED WATER
             1. BY VALUE
          7. DAIRY BASED BEVERAGES
             1. BY VALUE
          8. OTHERS
             1. BY VALUE
       2. BY PACKAGING TYPE
          1. INTRODUCTION
             1. PACKAGING TYPE BY VALUE
          2. BOTTLES
             1. BY VALUE
          3. CANS
             1. BY VALUE
          4. OTHERS
             1. BY VALUE
       3. BY DISTRIBUTION CHANNEL
          1. INTRODUCTION
             1. DISTRIBUTION CHANNEL BY VALUE
          2. STORE-BASED
             1. BY VALUE
          3. NON-STORE-BASED
             1. BY VALUE
    6. KOREA
    7. JAPAN
    8. INDIA
    9. AUSTRALIA
    10. TAIWAN
    11. SOUTH EAST ASIA
    12. REST OF ASIA-PACIFIC
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. INTRODUCTION
    2. BY PRODUCT TYPE
       1. INTRODUCTION
          1. PRODUCT TYPE BY VALUE
       2. FUNCTIONAL BEVERAGES
          1. BY VALUE
       3. CARBONATED SOFT DRINKS
          1. BY VALUE
       4. TEA AND COFFEE
          1. BY VALUE
       5. FRUITS AND VEGETABLE JUICE
          1. BY VALUE
       6. BOTTLED WATER
          1. BY VALUE
       7. DAIRY BASED BEVERAGES
          1. BY VALUE
       8. OTHERS
          1. BY VALUE
    3. BY PACKAGING TYPE
       1. INTRODUCTION
          1. PACKAGING TYPE BY VALUE
       2. BOTTLES
          1. BY VALUE
       3. CANS
          1. BY VALUE
       4. OTHERS
          1. BY VALUE
    4. BY DISTRIBUTION CHANNEL
       1. INTRODUCTION
          1. DISTRIBUTION CHANNEL BY VALUE
       2. STORE-BASED
          1. BY VALUE
       3. NON-STORE-BASED
          1. BY VALUE
    5. UAE
       1. BY PRODUCT TYPE
          1. INTRODUCTION
             1. PRODUCT TYPE BY VALUE
          2. FUNCTIONAL BEVERAGES
             1. BY VALUE
          3. CARBONATED SOFT DRINKS
             1. BY VALUE
          4. TEA AND COFFEE
             1. BY VALUE
          5. FRUITS AND VEGETABLE JUICE
             1. BY VALUE
          6. BOTTLED WATER
             1. BY VALUE
          7. DAIRY BASED BEVERAGES
             1. BY VALUE
          8. OTHERS
             1. BY VALUE
       2. BY PACKAGING TYPE
          1. INTRODUCTION
             1. PACKAGING TYPE BY VALUE
          2. BOTTLES
             1. BY VALUE
          3. CANS
             1. BY VALUE
          4. OTHERS
             1. BY VALUE
       3. BY DISTRIBUTION CHANNEL
          1. INTRODUCTION
             1. DISTRIBUTION CHANNEL BY VALUE
          2. STORE-BASED
             1. BY VALUE
          3. NON-STORE-BASED
             1. BY VALUE
    6. TURKEY
    7. SAUDI ARABIA
    8. SOUTH AFRICA
    9. EGYPT
    10. NIGERIA
    11. REST OF MEA
12. LATAM MARKET ANALYSIS
    1. INTRODUCTION
    2. BY PRODUCT TYPE
       1. INTRODUCTION
          1. PRODUCT TYPE BY VALUE
       2. FUNCTIONAL BEVERAGES
          1. BY VALUE
       3. CARBONATED SOFT DRINKS
          1. BY VALUE
       4. TEA AND COFFEE
          1. BY VALUE
       5. FRUITS AND VEGETABLE JUICE
          1. BY VALUE
       6. BOTTLED WATER
          1. BY VALUE
       7. DAIRY BASED BEVERAGES
          1. BY VALUE
       8. OTHERS
          1. BY VALUE
    3. BY PACKAGING TYPE
       1. INTRODUCTION
          1. PACKAGING TYPE BY VALUE
       2. BOTTLES
          1. BY VALUE
       3. CANS
          1. BY VALUE
       4. OTHERS
          1. BY VALUE
    4. BY DISTRIBUTION CHANNEL
       1. INTRODUCTION
          1. DISTRIBUTION CHANNEL BY VALUE
       2. STORE-BASED
          1. BY VALUE
       3. NON-STORE-BASED
          1. BY VALUE
    5. BRAZIL
       1. BY PRODUCT TYPE
          1. INTRODUCTION
             1. PRODUCT TYPE BY VALUE
          2. FUNCTIONAL BEVERAGES
             1. BY VALUE
          3. CARBONATED SOFT DRINKS
             1. BY VALUE
          4. TEA AND COFFEE
             1. BY VALUE
          5. FRUITS AND VEGETABLE JUICE
             1. BY VALUE
          6. BOTTLED WATER
             1. BY VALUE
          7. DAIRY BASED BEVERAGES
             1. BY VALUE
          8. OTHERS
             1. BY VALUE
       2. BY PACKAGING TYPE
          1. INTRODUCTION
             1. PACKAGING TYPE BY VALUE
          2. BOTTLES
             1. BY VALUE
          3. CANS
             1. BY VALUE
          4. OTHERS
             1. BY VALUE
       3. BY DISTRIBUTION CHANNEL
          1. INTRODUCTION
             1. DISTRIBUTION CHANNEL BY VALUE
          2. STORE-BASED
             1. BY VALUE
          3. NON-STORE-BASED
             1. BY VALUE
    6. MEXICO
    7. ARGENTINA
    8. CHILE
    9. COLOMBIA
    10. REST OF LATAM
13. COMPETITIVE ASSESSMENT
    1. ADOPTION MATRIX
    2. NON-ALCOHOLIC RTD BEVERAGES MARKET SHARE BY MANUFACTURERS
    3. NON-ALCOHOLIC RTD BEVERAGES MARKET RANKING BY REVENUE FOR MANUFACTURERS
    4. AVERAGE PRICE BY MANUFACTURERS
    5. VENDOR FOOTPRINT ANALYSIS
14. MARKET PLAYERS ASSESSMENT
    1. PEPSICO
       1. OVERVIEW
       2. BUSINESS INFORMATION
       3. REVENUE
       4. ASP
       5. GROSS MARGIN
       6. SWOT ANALYSIS
       7. RECENT DEVELOPMMENTS
    2. KEURIG DR. PEPPER INC.
    3. THE COCA-COLA COMPANY
    4. NESTLÉ S.A.
    5. STARBUCKS CORPORATION
    6. DANONE S.A.
    7. LOTTE CHILSUNG BEVERAGE CO. LTD.
    8. SUNTORY HOLDINGS LIMITED
    9. POKKA SAPPORO FOOD & BEVERAGE LTD
    10. YAKULT HONSHA CO. LTD.
15. RESEARCH METHODOLOGY
    1. RESEARCH DATA
       1. SECONDARY DATA
          1. MAJOR SECONDARY SOURCES
          2. KEY DATA FROM SECONDARY SOURCES
       2. PRIMARY DATA
          1. KEY DATA FROM PRIMARY SOURCES
          2. BREAKDOWN OF PRIMARIES
       3. SECONDARY AND PRIMARY RESEARCH
          1. KEY INDUSTRY INSIGHTS
    2. MARKET SIZE ESTIMATION
       1. BOTTOM-UP APPROACH
       2. TOP-DOWN APPROACH
       3. MARKET PROJECTION
    3. RESEARCH ASSUMPTIONS
       1. ASSUMPTIONS
    4. LIMITATIONS
    5. RISK ASSESSMENT
16. APPENDIX
    1. DISCUSSION GUIDE
    2. CUSTOMIZATION OPTIONS
    3. RELATED REPORTS
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/non-alcoholic-rtd-beverages-market/toc

Recent Development

• In December 2022, Mocktail Beverages, Inc. introduced Alcohol-Free Nitro Canned Cocktails.
• In October 2022, Starbucks announced it plans to sell Seattle’s Best Coffee brand to Nestlé, with which the company established the Global Coffee Alliance in 2018. This deal will strengthen the Global Coffee Alliance by letting both companies focus on what they do best.

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