Non-Alcoholic Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Non-Alcoholic Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6108
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Market Overview:

The global non-alcoholic beverage market size reached US$ 882 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,443 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Non-alcoholic beverages refer to soft drinks that are either alcohol-free or have less than 0.5 percent of liquor volume. Some of the common product variants include carbonated soft drinks, juices, bottled water, sports and energy drinks, ready-to-drink tea and coffee, etc. These beverages assist in rehydrating the body, boosting metabolism, improving cardiovascular health, enhancing digestive functioning, reducing stress and anxiety, etc.

Non-Alcoholic Beverage Market Trends:

The growing consumer awareness towards health and wellness is primarily driving the consumption of dairy-based drinks, fruit juices, functional beverages, etc., across the globe. Furthermore, the high prevalence of numerous chronic disorders caused due to regular alcohol intake, such as cardiovascular diseases, liver cirrhosis, irregular blood pressure, gastrointestinal ailments, etc., is also catalyzing the demand for non-alcoholic beverages. In addition to this, the increasing hectic work schedules and sedentary lifestyles of consumers are bolstering the demand for ready-to-drink beverages, which is further propelling the market growth. Moreover, the launch of innovative product variants that have similar taste, texture, and color to alcoholic drinks is acting as a significant growth-inducing factor. Apart from this, the growing number of government awareness programs to curb alcohol consumption among the masses is creating a positive outlook for the global non-alcoholic beverage market. Besides this, the widespread availability of non-alcoholic beverages across both brick-and-mortar distribution channels and e-commerce platforms is also augmenting the product demand. Additionally, the elevating consumer concerns towards the presence of synthetic flavors, artificial colors, and chemical preservatives in non-alcoholic drinks have led to the launch of their organic and natural ingredients-based variants. This, in turn, is expected to propel the global non-alcoholic beverage market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global non-alcoholic beverage market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, packaging type and distribution channel.

Breakup by Product Type:

  • Carbonated Soft Drinks
  • Juices
  • Bottled Water
  • Sports and Energy Drinks
  • RTD Tea and Coffee
  • Others

Breakup by Packaging Type:

  • Bottles
  • Cans
  • Cartons
  • Others

Breakup by Distribution Channel:

  • Retail
  • Food Service
  • Supermarkets and Hypermarkets
  • Online Stores
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arizona Beverage Company, Asahi Group Holdings Ltd., Danone S.A., Keurig Dr Pepper Inc., Nestlé S.A., Parle Agro Pvt. Ltd., PepsiCo Inc., Primo Water Corporation, Red Bull GmbH, Suja Life LLC, Suntory Beverage & Food Limited and The Coca-Cola Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Packaging Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arizona Beverage Company, Asahi Group Holdings Ltd., Danone S.A., Keurig Dr Pepper Inc., Nestlé S.A., Parle Agro Pvt. Ltd., PepsiCo Inc., Primo Water Corporation, Red Bull GmbH, Suja Life LLC, Suntory Beverage & Food Limited and The Coca-Cola Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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