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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Non-alcoholic Beverages Market Growth
Non-alcoholic beverages refer to drinks that either have no alcohol or below 0.5 percent alcohol by volume (abv). Such beverages may include a range of hot and cold simple and exotic drinks. Almost every sector of the food service industry offers one or several types of non-alcoholic drinks.
Categories of non-alcoholic beverages include tea, coffee, milk-based drinks, chocolate, mocktails, milkshakes, aerated drinks, non-alcoholic beers like root beer, squashes, juices, etc. While several of these beverage’s hydrate, some may offer important nutrients and vitamins to the body. Other beverages energize, offer needed sugar and calories.
Changing consumer preferences towards healthier lifestyles, increasing urbanisation, and rising disposable incomes are significant drivers influencing non-alcoholic beverages market development. Additionally, the expansion of retail channels and the growing demand for functional beverages, natural juices, and herbal teas are contributing to the market growth. Furthermore, the increasing consumption of refreshment drinks in social occasions is also influencing the market.
Non-alcoholic Beverages Market Report Snapshots
Non-alcoholic Beverages Market Size
Non-alcoholic Beverages Market Growth
Non-alcoholic Beverages Market Trends
Non-alcoholic Beverages Market Share
Non-alcoholic Beverages Companies
Non-alcoholic Beverages Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The non-alcoholic beverages market value is expected to grow at a CAGR of 5.3% between 2024 and 2032.
The major drivers of the market include the increasing footfall in bars and pubs, increasing number of alcohol quitters, and increasing popularity of non-alcoholic beers.
Non-alcoholic beer is gaining traction due to several health reasons. Alcoholic beer consumed in high amounts can cause blackouts and reduce the blood sugar levels in the body. Religious reasons can also be one of the factors for the growing consumption of non-alcoholic beer.
Some of the popular choices of non-alcoholic beverages include fruits juices, smoothies, milk shakes, and non-alcoholic cocktails, among others.
Key trends aiding market expansion include the growing research and development activities by the major beverage manufacturers aimed towards innovative non-alcoholic juices, demand for sugar-free drinks, and growing consumers’ desire for healthier alternatives are the key trends in the market.
Based on type, the market segmentations include carbonated soft drinks (CSD) and non-carbonated beverages.
Supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others are the significant distribution channels in the market.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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