IMARC Group’s latest report, titled “China Non-Alcoholic Beverages Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the China non-alcoholic beverages market is anticipated to exhibit a CAGR of 7.7% during 2022-2027. Non-alcoholic beverages, also known as virgin or temperance drinks, are soft drinks without alcohol or with alcohol reduced to 0.5 percent of liquor volume. They include numerous non-alcoholic beverages, such as stimulating, rejuvenating, and nourishing drinks, that are offered in different flavors. Some commonly available product variants include cocktails, mocktails, sports and energy drinks, bottled water, squashes, syrups, ready-to-drink tea, coffee, carbonated soft drinks, tonic, soda, coke, and juices. These beverages rehydrate the body, improve digestion and cardiovascular health, increase metabolism, and reduce stress and anxiety. As a result, non-alcoholic beverages are gaining immense traction among the masses in China.
China Non-Alcoholic Beverages Market Trends:
In China, the escalating demand for ready-to-drink (RTD) beverages, such as carbonated soft drinks, juices, and bottled water, due to the sedentary lifestyles and hectic work schedules of consumers represents the primary factor driving the market. Additionally, the easy availability of non-alcoholic beverages across brick-and-mortar distribution channels and e-commerce platforms is positively influencing the market growth. Moreover, there has been a significant shift from alcoholic drinks toward healthier and safer alternatives, including nutritional drinks, fortified fruit beverages, and dairy-based drinks, due to the widespread prevalence of lifestyle diseases, such as cardiac arrest, cirrhosis, and neurological dysfunction. In line with this, the rising demand for vegan, gluten-free, and lactose-free non-alcoholic beverages in China due to increasing consumer consciousness regarding health and wellness has catalyzed market growth. Besides this, the launch of new organic and natural ingredients-based product variants due to growing concerns about the negative health impact of artificial colors, synthetic flavors, and chemical preservatives has accelerated the product adoption rate. Furthermore, ongoing improvements in the food and beverage (F&B) sector and the advent of online delivery models are propelling market growth. Other factors, including the rising adoption of aggressive marketing strategies, rapid urbanization, continual innovations in packaging solutions, and inflating consumer disposable incomes, are also creating a positive market outlook.
- Based on the product type, the market has been divided into carbonated soft drinks, juices, bottled water, sports and energy drinks, ready-to-drink (RTD) teas and coffees, and others.
- On the basis of the packaging type, the market has been segmented into bottles, cans, cartons, and others.
- The market has been categorized based on the distribution channel into supermarkets and hypermarkets, food service and drinking places, convenience stores, vending machines, and others.
- The competitive landscape of the market has also been examined, with some of the key players being Coca-Cola China Beverages Ltd, Danone Asia-Pacific Management Co Ltd (Danone S.A.), Hangzhou Wahaha Group Co., Ltd., Master Kong Holdings Limited (Tingyi (Cayman Islands) Holding Corp.), Mondelez (China) Co., Ltd. (Mondelez International, Inc.), Nestle (China) Ltd., PepsiCo (China) Limited, Shanghai DyDo DRINCO, Inc. (DyDo Group Holdings, Inc.), Suntory Huiyuan (Shanghai) Beverage Co., Ltd (Suntory Holdings Limited), and Uni-President China Holdings Limited.
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