Top Players in the Non-Alcoholic Beverage Companies

Food & Beverages

Top Players in the Non-Alcoholic Beverage Companies

The global non-alcoholic beverage market size reached US$ 928.2 Billion in 2023. By 2028, the market to reach US$ 1,400.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. As per the analysis by IMARC Group, the?top 12 non-alcoholic beverage companies are increasingly focusing on the paradigm shift in consumer preference toward non-alcoholic beverages due to rising concerns regarding health and fitness. This can be attributed to the growing awareness regarding the adverse effects of alcohol. Non-alcoholic beverage companies are responding to this trend by introducing healthier alternatives with low sugar content, low-calorie, and natural ingredients. The top companies are also adopting sustainable development practices in their production processes and packaging, such as using recycled materials to minimize their carbon footprint.

The escalating demand for functional beverages among the consumers is resulting in the emergence of more functional options, such as herbal teas, kombucha, and probiotic drinks by the manufacturers. The rising prevalence of lactose intolerance is resulting in key players focusing on drink variants with plant-based options, such as nut milk, oat milk, and coconut milk, as dairy alternatives. The inflating disposable income levels leading to the growing purchasing power of the masses are resulting in rapid product premiumization and a higher uptake of premium products, such as craft sodas, high-end juices and artisanal teas. The top players are further supporting the demand for convenient and portable beverage options by launching more single-serve and grab-and-go options, such as canned and boxed beverages. Some of the other factors driving the non-alcoholic beverage market include the rising popularity of personalized beverage options catering to individual tastes and preferences, augmenting consumer interest toward exploring new and exotic flavors, introduction of social responsibility initiatives by the government of several countries, and extensive research and development (R&D) activities.   

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Top Companies Operating in the Global Non-Alcoholic Beverage Market


1. Arizona Beverage Company  

Establishment: 1971 
Headquarter: New York, United States of America 

AriZona (also known as Arizona Beverages USA) is a company based in Woodbury, New York that produces iced tea, juice cocktails, and energy drinks. Since its establishment, Arizona Beverage Company has been a privately owned and operated company with a workforce estimated at about 1000 employees. Approximately 11.0% of the revenue from the RTD Tea Production industry is accounted for by the company in the United States. With the facility operating at full capacity, the company ships more than 50 million cases and 200 truckloads during its peak season. 

2. Asahi Group Holdings Ltd.  

Establishment: 1889 
Headquarter: Tokyo, Japan 

The Asahi Group Holdings Ltd (Asahi) is a global corporation that manufactures non-alcoholic beverages and food, along with brewing some of the world's most popular beers. A large part of Asahi's business is manufacturing alcoholic beverages, soft drinks, and food products. There are plenty of products available through the company, including whiskey, spirits, wine, beer, ready-to-drink (RTD) beverages, coffee, tea, carbonated drinks, water, and fruit juices. Aside from confectioneries, nutrition snacks, supplements, baby products, and freeze-dried foods, the company also offers nutritional snacks. In addition to Japan, the company operates across the US, Europe, and Asia-Pacific through its subsidiaries. Tokyo, Japan-based Asahi is headquartered in Sumida-Ku and has about 30,000 employees in total. 

3. Danone S.A.  

Establishment: 1919 
Headquarter: Paris, France 

Danone is a leading multinational food and beverage company specializing in health-focused and rapidly-growing categories. The company's product portfolio includes yogurt, fermented dairy products, dairy specialties, plant-based nutritional cookware, and food for frail elderly and babies. In addition, Danone offers packaged water as well as vitamin-enriched and flavored water. Hospitals, clinics, and pharmacies are among the specialized distribution channels through which Danone provides its products. With more than 100,000 employees and products sold in over 120 markets, the company’s operations are spread across the Americas, the Middle East, Africa, Europe and Asia Pacific. A major priority for Danone is to operate efficiently, responsibly and inclusively, in accordance with sustainable development. 

4. Keurig Dr Pepper Inc. 

Establishment: 2008 
Headquarter: Texas, United States of America 

Keurig Dr Pepper is a leading manufacturer and distributor of hot and cold beverages, with 125+ brands owned, licensed, and partnered with. The company delivers its portfolio to virtually every point of purchase for consumers through its effective sales and distribution network, which is exhibited by e-commerce revenues from its website as well as retailer websites and online grocery services. Direct-store delivery and warehouse-direct coverage enable it to reach customers in all types of retail formats. The company also conducts extensive research and development (R&D) activities focusing on sustainable business models. 

5. Nestlé S.A.  

Establishment: 1866 
Headquarter: Indiana, Switzerland 

Nestle SA (Nestle) is one of the world’s largest publicly held food companies and a leading producer and marketer of food products. As part of the company's product portfolio, the company offers baby foods, bottled water, cereals, chocolates and confectionery, coffee, culinary products, chilled and frozen foods, dairy products, nutritional products, ice cream, and pet products. There are more than 270,000 employees working for the organization, and its brands can be found in 186 countries today. With 354 factories in 77 countries and 23 R&D locations worldwide, the company’s business has been organized into five zones: North America, Latin America, Europe, Greater China and Asia, Oceania, Africa (AOA). 

6. Parle Agro Pvt. Ltd.  

Establishment: 1984 
Headquarter: Maharashtra, India 

Parle Agro Private Limited is an Indian multinational Fast Moving Consumer Goods (FMCG) company. The company is the largest Indian beverage company and is headquartered in Mumbai, Maharashtra, India. More than 5,000 employees, 76 state-of-the-art manufacturing facilities, and more than 5,000 channel partners make up the company, which operates through a network of more than 1.5 million outlets. As a global brand, the company provides its products in over 50 countries and across multiple business verticals, such as beverages and packaged water. Additionally, Parle Agro conducts extensive research and development (R&D) activities to ensure sustainable development, where the company manufactures PET products and researches new models for recycling and reusing plastics. 

7. PepsiCo Inc.  

Establishment: 1965 
Headquarter: New York, United States of America 

A multinational food and beverage company, PepsiCo, Inc. encompasses all aspects of the food and beverage industry. With the merger of Pepsi-Cola and Frito-Lay, Inc. in 1965, PepsiCo was formed with its namesake product Pepsi Cola as the key product. It has since grown to offer an immense variety of food and beverage products. Manufacturing, distribution, and marketing are all part of PepsiCo's business.?Among the company's products are a variety of grain-based snacks, carbonated and non-carbonated beverages, and food products that can be found in more than 200 countries, including many iconic brands. 

8. Primo Water Corporation  

Establishment: 1952 
Headquarter: Florida, United States of America 

Founded in 1990, Primo Water Corporation provides water solutions in North America and Europe. Water solutions from Primo aim to expand consumer access to purified, spring, and mineral water while reducing plastic waste and pollution. Revenue generation at Primo is mainly driven by recurring razor/razor blades sales, consisting of its razor line-up of sleek and innovative water dispensers, while its razor blade offering includes Water Direct, Water Exchange, and Water Refill. Primo provides sustainable hydration solutions to customers across 21 countries, encompassing residential, commercial, and industrial segments. The company also offers self-service water refill machines in approximately 23,500 retail locations to complement its dispenser business. 

9. Red Bull GmbH  

Establishment: 1987
Headquarter: Fuschl, Austria  

Red Bull GmbH, or Red Bull, is an Austrian private company known for its range of energy drinks of the same name. Red Bull controls the majority of the global energy drink market, or functional beverages, a category it has largely established. There is a wide range of energy drinks throughout the company's product portfolio, including sugar-free drinks, zero-calorie drinks, and special edition drinks. Apart from this, the company also sponsors athletes in sports, owns a number of professional soccer, hockey, and motorsports teams, and provides global news services. Red Bull is the world's leading energy drink, with more than one billion cans sold each year in nearly 100 countries around the world. The company consists of 15,779 employees worldwide as of present. 

10. Suja Life LLC  

Establishment: 2012 
Headquarter: California, United States of America 

Suja Life LLC (Suja Juice) is an organic, non-GMO, cold-pressed juice company that manufactures, distributes, and markets cold-pressed juices, drinking vinegars, and waters. Founded in 2012, the company is headquartered in Oceanside, California. To help preserve nutrients and fresh taste without preservatives, Suja uses innovative high-pressure processing (HPP) instead of heat to produce organic cold-pressed juices. The company also conducts extensive research and development (R&D) activities with an enhanced focus on sustainable development. 

11. Suntory Beverage & Food Limited 

Establishment: 2009  
Headquarter: Tokyo, Japan 

Suntory Beverage & Food was founded in 2009 as a subsidiary of the Suntory Group that encompasses non-alcoholic beverages as its primary business. A Japanese multinational brewing and distilling company, Suntory Holdings Limited, was first founded in 1899 as the parent company of Suntory Beverage & Food. The company has significantly diversified since its acquisition of Beam, Inc., becoming a key producer, distributor and marketer of cold beverages and sandwiches under the Suntory Beverage & Food brand. The company’s product portfolio comprises iced/ready-to-drink tea and coffee drinks, carbonated soft drinks, mineral water, functional drinks, fruit juices, health and processed foods. Additionally, the company actively supports sustainability initiatives, including recycling plastic, reducing greenhouse gas emissions, and conserving water.? 

12. The Coca-Cola Company 

Establishment: 1892 
Headquarter: Georgia, United States of America 

Coca-Cola Company is an American multinational beverage company founded in 1892 and renowned for its Coca-Cola brand, which is offered in over 200 countries and territories. Coca-Cola manufactures, sells, and markets non-alcoholic beverage concentrates and syrups, as well as alcoholic beverages. Since 1889, the company has operated a franchised distribution system and mainly produces syrup concentrate that is sold to bottlers around the world. With its bottling partners, the company has over 500 brands, 2,800 products available and employs more than 700,000 people worldwide.

About Author:

Aditi Kumar 

Senior Content Writer at IMARC Services Private Limited 

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.

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