Non-alcoholic beverage market is anticipated to augment at a CAGR of around 5.5% during the forecast period. Rising disposable income, rising millennial population bases especially in the emerging economies are some of the major factors for the growth in the market. In addition, a shift from the preference of the consumer from standard flavors (such as orange, lemon, and cola) to innovative flavors such as tropical fruits or fusion of flavors is also expected to provide a significant market growth. Moreover, substantial growth in the ready to drink/Iced beverages will be witnessed globally which will drive the non-alcoholic beverage market.
Health-issue related to alcoholic drinks is one of the major factors for the shift to non-alcoholic beverages. Moreover, high sugar content in carbonated drinks resulting in shifting toward healthy beverages. Due to this, the companies are working toward and offering low-calorie, low-sugar, and diet varieties of beverages. Besides, environmental pollution due to bottles and another packaging of non-alcoholic beverages is one of the major challenges ahead of companies and governments all across the globe. Moreover, a negative impact of the COVID-19 pandemic has been witnessed in the non-alcoholic beverage industry. Restaurants, hotels, cafes, education institutions, tourism places are among the key retail point of sales of non-alcoholic beverages. Amid lockdown, these places have to be closed due to which sales of the non-alcoholic beverage have been affected considerably.
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- Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Non-Alcoholic Beverage Market- Segmentation
By Type
- Carbonated Beverage
- Non-Carbonated Beverage
By Beverage
- Soft Drink
- Packaged Water
- Iced/RTD Tea & Coffee
- Fruit Beverages
- Energy Drinks
- Dairy Beverage
By Packaging
- Metal
- Glass Bottle
- PET
- Others
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Regional Outlook
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
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