Market Size:
The global non-alcoholic beverages market size is anticipated to risesignificantly on account of the current trend of health and fitness and the
rising inclination towards healthy beverages. As per a recent published report
by Fortune Business Insights titled, “Non-alcoholic Beverages MarketSize, Share & Industry Analysis, By Type (Carbonated Soft Drinks, RTD
Coffee & Tea, Bottled Water, and Fruit Beverages), Distribution Channel
(Supermarket/ Hypermarket, Food Services Sector, Convenience Stores, Specialty
Stores, and Online Retails), and Regional Forecast, 2020-2032,”
The global non-alcoholic beveragesmarket size was valued at USD 919.13 billion in 2019 and is projected to reach
USD 1601.87 billion by 2032, exhibiting a CAGR of 6.84% during the forecast
period based on our analysis in the existing report.
List of Companies Profiled in the Report:
- Pepper Snapple Group, Inc. (Texas, U.S.)
- Monster Beverage Corp (California, U.S.)
- PepsiCo, Inc. (New York, U.S.)
- ITO EN Ltd (Tokyo, Japan)
- The Coca-Cola Company (Georgia, U.S.)
- Reed’s, Inc. (Norwalk, U.S.)
- The Kraft Heinz Company (Chicago, U.S.)
- Appalachian Brewing Co. (Harrisburg, U.S.)
- Nestle S.A. (Vevey, Switzerland)
- Arca Continental SAB de CV (Monterrey, Mexico)
The Report is based on the following factors:
- A 360-degree overview of the market focusing on drivers, restraints, challenges, and upcoming opportunities
- Nature of market and list of key players operating in the market for non-alcoholic beverages
- Detailed list of segmentation with names and figures of leading segments
- Future of the market
Drivers & Restraints-
Increasing Popularity of Refreshment Drinks to Aid in Favor
The increasing prevalence of various acute and chronic diseases haveencouraged people to adopt a healthy lifestyle. These habits include regular
exercise and fitness and consumption of nutritional food and beverage products.
The rising inclination towards healthy lifestyle and eating habits is the key
factor promoting the global non-alcoholic beverages market growth. In addition
to this, the increasing popularity of refreshment drinks and the advent of
innovative flavors and taste will add a boost to the growth of the market in
the forecast period.
On the contrary, the fluctuating prices of raw materials to makenon-alcoholic beverages and fluctuation in its availability, especially for
seasonal fruits may cause major hindrance to the market in the coming years.
Nevertheless, the evolution of e-commerce platforms and the risingproduction of soft drinks to suffice to the needs of the consumers are likely
to help the market witness lucrative growth opportunities in the forthcoming
years.
Segmentation-
Carbonated Soft Drinks Segment Emerged Dominant Owing to its RefreshingProperties
Among all segments in type, the carbonated soft drinks segment earned39.80% share in 2019 and emerged dominant. This segment is holding the largest
non-alcoholic beverages market share on account of its refreshing properties
and cost-efficiency.
Regional Analysis-
Asia Pacific Held Largest Shares Attributing to Rising Disposable Incomeof People
Among all regions, Asia Pacific held the largest non-alcoholic beveragesmarket share in 2019. This is attributable to the increasing modernization and
adoption of western habits among people that resulted in rise in expenditure on
beverage products. On the other side, the North American market earned USD
199.53 billion and will showcase significant growth in the coming years on
account of rising demand for sports drinks and RTD beverages in the region.
Besides this, the Europe market will witness a notable growth on account of the
decline in consumption of alcoholic beverages and increasing popularity of
‘better-for-you” products, thereby promoting the consumption of healthy soft
drinks.
Competitive Landscape-
Coca-Cola Company is Dominating Market Attributing to ContinuousInnovations
The global market for non-alcoholic beverages is consolidated, withmajor shares held by a few key players such as Nestle S.A., The Coca-Cola
Company, and PepsiCo Inc. The Coca-Cola Company leads the market due to its
continuous innovations in beverage products, including the VitaminWater range,
probiotic drinks, fermented drinks, and ready-to-drink (RTD) beverages. In
March 2019, Coca-Cola introduced a new Jaljeera-flavored drink in the Indian market.
Other companies in the market are heavily investing in innovative product
launches to gain a competitive edge. Additionally, many are engaging in
collaborative efforts, including agreements, contracts, joint ventures, and
partnerships, to drive significant revenue growth in the coming years.
Industry Developments:
December 2019 – The launch of a greenhouse accelerator program in 2020 was announced inNorth America by PepsiCo Co. to help smart startup companies provide the base
for following up with the current trends in the non-alcoholic beverage segment
and earn a position in the market competition.
