Non-Alcoholic Drinks Market was valued at $820.0 billion in 2020, and is estimated to reach $2,134.6 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031.
The market has been influenced by consumers’ desire to maintain their health and wellness and to consume functional beverages. Furthermore, companies’ new enticing goods with unique flavours and inventive packaging are projected to boost market expansion. Furthermore, as disposable incomes in emerging economies have increased, so has the consumption of non-alcoholic beverages. Yet, the increased awareness of obesity as a result of beverages containing high-calorie sweeteners is impeding market expansion. Aside from that, the imposition of a soft drink tax has slowed market expansion. Throughout the projection period, the non-alcoholic drinks market is expected to have a large market potential for diet and zero sugar drinks.
The non-alcoholic drinks market is a rapidly growing industry that caters to consumers who seek beverages without alcohol content. This market has seen a significant increase in demand in recent years, as consumers have become more health-conscious and aware of the negative impacts of alcohol on their health. As a result, the market has expanded to offer a wide variety of non-alcoholic drink options, ranging from carbonated soft drinks, fruit juices, tea, coffee, and bottled water. The market is driven by a number of factors. One major factor is the increasing demand for healthy beverage options. Consumers are increasingly aware of the negative health effects associated with the consumption of sugary drinks and alcohol. As a result, they are seeking out healthier alternatives that offer the same level of refreshment and taste.
Another factor driving the growth of the non-alcoholic drinks market is the increasing demand for convenience. Consumers are looking for beverages that are easy to consume on-the-go, such as bottled water, ready-to-drink tea, and coffee. As a result, many beverage manufacturers are focusing on developing products that are convenient and easy to consume. In addition, the non-alcoholic drinks market is also influenced by changing consumer preferences and tastes. Consumers are increasingly interested in unique flavors and ingredients, which has led to the development of new and innovative drink options. This trend has also led to the rise of niche markets, such as the market for organic and natural drinks.
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Global Non-Alcoholic Drinks Market: Major Players
Starbucks Corporation
Unilever
PepsiCo, Inc
The Coca-Cola Company
Danone S.A
Suntory Beverage & Food Limited
Parle Agro
Keurig Dr Pepper Inc
Nestle S.A
Red Bull Gmbh
Global Non-Alcoholic Drinks Market: Types
Soft Drinks
Bottled Water
Tea & Coffee
Juices
Dairy Drinks
Functional Drinks
Others
Global Non-Alcoholic Drinks Market: Applications
Offline
Online
Global Non-Alcoholic Drinks Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Non-Alcoholic Drinks market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Research Methodology:
- The study was conducted using an objective combination of primary and secondary information including inputs and validations from real-time industry experts.
- The proprietary process culls out necessary data from internal databases developed over 15 years and updated accessing 10,000+ sources on daily basis including Industry associations, organizations, publications, trade, and other statistical sources.
- An in-depth product and revenue analysis are performed on top industry players along with their business and geography segmentation.
- Receive primary inputs from subject matter experts working across the value chain in various designations. We often use paid databases for any additional data requirements or validations.
- In-house experts utilizing sophisticated methods including data triangulation, will connect the dots and establish a clear picture of the current Market conditions, market size, and market shares.
- We study the value chain, parent and ancillary markets, technology trends, recent developments, and influencing factors to identify demand drivers/variables in the short, medium, and long term.
- Various statistical models including correlation analysis are performed with careful analyst intervention to include seasonal and other variables to analyze different scenarios of the future Market in different countries.
Key Questions Answered in this Report:
- What is the current Market size at global, regional, and country levels?
- What is the market penetration by different types, Applications, processes/technologies, and distribution channels of the Market?
- How has the global Market developed in past years and how will it perform in the coming years?
- What is the impact of COVID-19, global inflation, Russia-Ukraine war on the Market forecast?
- How diversified is the Market and what are the new product launches, untapped geographies, recent developments, and investments?
- What are the potential regional Market to invest in?
- What is the high-performing type of products to focus on in the Market?
- What are the key driving factors and challenges in the industry?
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