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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Non-alcoholic Beverages Market Analysis by Region
North America leads the market due to the rising cases of AUD and increasing demand for healthier drinks
North American market is growing due to an increasing demand for functional beverages with health benefits and the rising popularity of plant-based beverages. Moreover, the region's strong presence of established brands and widespread distribution networks contribute to its market leadership. Coca-Cola has launched a new line of functional beverages, including a line of energy drinks and a line of beverages with plant-based ingredients, to cater to the growing demand for health-conscious beverages. Additionally, PepsiCo has acquired Keurig Dr Pepper, a leading manufacturer of coffee and tea beverages, to expand its presence in the non-alcoholic beverages market.
The Asia-Pacific non-alcoholic beverages market, on the other hand, is growing due to changing consumer preferences towards healthier drink options and innovative product offerings by manufacturers. Additionally, the growing disposable incomes in the region are leading to increased spending on non-alcoholic beverages, particularly in countries like China and India. Moreover, leading beverage companies in APAC are constantly developing innovative health drinks to meet the demand for healthier options. For instance, the Coca-Cola Company launched ethnic energy drink Jaljeera in India to cater to the demand for energy drinks in the country.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124