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The ‘Global Non-alcoholic Beverages Market Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global non-alcoholic beverages market, assessing the market on the basis of its segments like types, packaging types, end-uses, distribution channels, and major regions.
Non-alcoholic beverages are widely consumed in hotels, restaurants, healthcare institutes, and educational centres, among others. The increasing sale of non-alcoholic beverages among tourists, students, and working-professionals, is driving the market growth. Also, the increasing number of stalls and street food providers across the emerging economies are propelling the demand for minerals water and carbonated drinks, thereby increasing the market demand.
The increasing footfall in bars and pubs are fostering the popularity of non-alcoholic beers, soft drinks, cocktails, and fruit juices, among others, which is adding to the growth of non-alcoholic beverages market. Further, the increasing inclination towards non-alcoholic beverages to quit alcohol or reduce the consumption of whiskey or vodka, is a major driving factor of the market.
During the forecast period, the Asia Pacific region is expected to account for a significant share in the market owing to the large population base across India and China. The rapid urbanisation, rising standard of living, and strong foothold of major beverage producing companies in the region are some of the crucial driving factors of the non-alcoholic beverages market.
Meanwhile, the Middle East and Africa is anticipated to register a considerable growth in the coming years because alcoholic beverages such as wine and beer are forbidden in this region. In this regard, the scope of expansion of non-alcoholic beverages is high. Moreover, the expansion of non-alcoholic beverages in this region is likely to lead to rapid innovations to boost the availability of innovative flavours.
Non-alcoholic Beverages Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include: Market Overview (2018-2028) Forecast CAGR (2023-2028): 5.3%Report Attribute | Details |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Base Year | 2022 |
Growth Rate CAGR | 5.3% |
Major Players | PepsiCo, Inc., The Coca-Cola Company, Nestle S.A., H.J. Heinz Company Brands LLC, Reed’s, Inc., and Monster Energy Company, among others |
Non-Alcoholic Beverages Industry Definition and Major Segments
Non-alcoholic beverages, as the name suggests, are defined as the type of beverages which are free from alcohol. However, these beverages might contain some significant nutritional content including vitamins and minerals which is aiding the global non-alcoholic beverages market development. These beverages can be canned or put in a flexible container. Some of the notable examples of these type of beverages are cold drinks, fruit juice, and non-alcoholic beer, among others. Based on type, the market can be segmented into: Carbonated Soft Drinks (CSD) Coffee and Tea Bottled Water Juices Sports Drinks Others The market can be broadly categorised based on packaging type into: Bottles Cans Others The significant end-uses included in the market are as follows: Food Services Retail By distribution channel, the market has been segmented into: Supermarkets/Hypermarkets Convenience Stores Speciality Stores Online Others On the basis of region, the market can be categorised into:- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa