Global Beverage Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Global Beverage Market Growth

Around 71.2% of British consumers drink alcohol at least once weekly. Drinking is a huge part of the United Kingdom’s cultural landscape, with over 15 million people visiting pubs weekly. White wine is the most popular alcoholic beverage in the United Kingdom (21.8%), followed by lager (21.75%), and red wine (20.5%). As per the beverage market analysis, 29% of British consumers attach great importance to a brand’s environmental credentials before buying an alcoholic beverage. This is prompting companies to invest in sustainable development activities, which is favourably influencing the beverage market dynamics.

Vietnam is also emerging as a promising market for beverages worldwide. Based on industry reports, Vietnamese consumers prefer healthy beverages for reducing the risk of diseases, enhancing resistance, and improving heart health. An average Vietnamese person consumes nearly 23 litres of soft drinks annually, which has prompted market players to introduce innovative new products to enhance their beverage market share. Other reasons why people prefer consuming beverages include enhancing mood levels and enhancing digestive health, thereby facilitating market development.

Key Trends and Developments

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Global Beverage Market Trends

Beverage companies are implementing sustainable sourcing and manufacturing practices throughout their supply chain to attract environmentally conscious consumers. By reducing water consumption and adopting recycled packaging materials, brands are prioritising environmental stewardship to expand their market share. This is propelling the beverage market development.

Moreover, the rising demand for plant-based beverages is prompting companies to launch dairy-free milk, vegan energy drinks, and protein shakes for different consumers. This has opened up new opportunities for market players, as consumers with dietary restrictions or lactose intolerance shift towards the consumption of potato milk or oat milk. This is facilitating the beverage market expansion.

Consumers are increasingly preferring beverages that reflect their individuality. Hyper-personalisation is being enabled by technology and customisation options, allowing consumers to choose ingredients, flavours, and even packaging designs. For example, beverage kiosks in stores and online platforms offer customisable drink blends, ensuring every sip aligns with the consumer’s unique preferences.

Based on industry analysis, global flavours are rapidly becoming mainstream due to evolving consumer preferences. Ingredients like cardamom, yuzu, and tamarind are becoming exceedingly popular among beverage manufacturers due to increasing demand for diverse and authentic flavours globally.

Global Beverage Industry Segmentation

Global Beverage Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the market for beverages in the Asia Pacific is expected to grow at a CAGR of 5.0%, driven by the rising popularity of functional beverages in countries like India, China, and Australia. Moreover, Latin America is expected to grow at a CAGR of 4.8%, due to the rising consumer disposable incomes.

Based on packaging type, the market is segmented into cans, and bottles, among others. The market for canned beverages is expected to rise by 5.1% between 2025 and 2034, thereby creating a favourable market outlook.

Leading Companies in the Global Beverage Market

Other players included in the beverage market report are The Coca-Cola Company, Nestle S.A., PepsiCo, Inc., Diageo plc, Heineken N.V., and Red Bull GmbH, among others.