Non-Alcoholic RTD Beverages Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Non-alcoholic RTD beverages refers to ready to drink beverages that are free from alcohol. These drinks hydrate, and some offer vital nutrients and vitamins that the body requires. These drinks are widely available in bars, restaurants, hotels, and beverage stores.

Sizing and Forecast
The non-alcoholic rtd beverages market size has grown strongly in recent years. It will grow from $1012.52 billion in 2023 to $1079.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to parental preference for home care, cost-effectiveness, shorter hospital stays, focus on family-centered care, advances in home medical equipment, increased pediatric population..

The non-alcoholic rtd beverages market size is expected to see strong growth in the next few years. It will grow to $1369.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising awareness and education, shift toward value-based care, pediatric home infusion therapy, government initiatives and support, chronic disease management.. Major trends in the forecast period include personalized medicine, pediatric home respiratory care, telehealth integration, specialized pediatric services, care coordination and case management..

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Segmentation & Regional Insights
The non-alcoholic rtd beverages market covered in this report is segmented –

1) By Product Type: Functional Beverages, Carbonated Soft Drinks, Tea And Coffee, Fruits And Vegetable Juice, Bottled Water, Dairy Based Beverages, Other Products
2) By Packaging Type: Bottles, Cans, Other Packaging Types
3) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Retail, Other Distribution Channels

Asia-Pacific was the largest region in the non-alcoholic RTD beverages market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global non-alcoholic RTD beverages market during the forecast period. The regions covered in the non-alcoholic rtd beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Surging demand for non-alcoholic beverages is expected to propel the growth of the non-alcoholic RTD beverage market going forward. A non-alcoholic beverage refers to a drink that does not contain alcohol. Nowadays, consumers prefer non-alcoholic beverages in favor of alcoholic ones as they seek to improve their health. Non-alcoholic beverage manufacturers are producing a wide range of ready-to-drink non-alcoholic beverages that improve physical health and mental well-being, hydrate them, and offer vital nutrients and vitamins, so these factors boost the non-alcoholic RTD beverage market. For instance, in December 2022, according to the United States Department of Agriculture (USDA), a US-based federal agency, non-alcoholic beverage export sales from the US totaled $11.4 million in 2021 and increased to $13.6 million in 2022, a 20% increase. Therefore, surging demand for non-alcoholic beverages is driving the non-alcoholic RTD beverage market.

Key Industry Players
Major companies operating in the non-alcoholic rtd beverages market report are PepsiCo Inc., The Coca-Cola Company, Nestle S.A., Keurig Dr Pepper Inc., Red Bull GmbH, Suntory Holdings Limited, Danone S.A., Monster Beverage Corporation, Asahi Group Holdings Ltd., Reeds Inc., Starbucks Corporation, Lotte Chilsung Beverage Co. Ltd., Pokka Sapporo Food And Beverage Ltd., Yakult Honsha Co. Ltd., Califia Farms LLC, 3A Composites, Bai Brands LLC, Hint Water Inc., Lifeway Foods Inc., Health-Ade LLC, Ocean Spray Cranberries Inc., Welch Foods Inc., Sunny Delight Beverages Company, The J.M. Smucker Company, The Kraft Heinz Company, The Hershey Company, The Campbell Soup Company, The Kellogg Company, Arizona beverage Company, Innocent drinks Ltd.

The non-alcoholic rtd beverages market report table of contents includes:

1. Executive Summary
2. Non-Alcoholic RTD Beverages Market Characteristics
3. Non-Alcoholic RTD Beverages Market Trends And Strategies
4. Non-Alcoholic RTD Beverages Market – Macro Economic Scenario
5. Global Non-Alcoholic RTD Beverages Market Size and Growth
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31. Global Non-Alcoholic RTD Beverages Market Competitive Benchmarking
32. Global Non-Alcoholic RTD Beverages Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Non-Alcoholic RTD Beverages Market
34. Non-Alcoholic RTD Beverages Market Future Outlook and Potential Analysis
35. Appendix

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