According to the report by Expert Market Research (EMR), the global non-alcoholic beverages market share is projected to grow at a CAGR of 5.3% between 2023 and 2028. Aided by the rising demand for healthier and convenient beverage options and the growing innovation in the beverage industry, the market is expected to grow significantly by 2028.
Non-alcoholic beverages encompass a wide array of drinks that do not contain alcohol, including coffee, tea, soft drinks, energy drinks, and bottled water, among others. These drinks provide hydration, nourishment, energy, and refreshment, and they are an essential aspect of contemporary lifestyles and diets. Non-alcoholic beverages have experienced increasing innovation and diversity in tastes, forms, and functionality in addition to their fundamental functional characteristics, making them a dynamic sector in the global food and beverage industr.
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The increasing consumer preference for healthier beverage options is driving the global non-alcoholic beverages market growth. With a growing awareness of the health implications of excessive sugar and artificial ingredient consumption, consumers are shifting towards beverages with reduced sugar, natural ingredients, and added health benefits. This has resulted in a surge in demand for functional beverages, such as fortified water, probiotic drinks, and herbal teas.
Moreover, the rising trend of on-the-go consumption has boosted the popularity of convenient, single-serve non-alcoholic beverages. As busy lifestyles become more common, the demand for portable and easy-to-consume beverages that can fit into active routines is increasing, thereby supporting the non-alcoholic beverages market development. The market in India could expand significantly. According to reports, consumption is increasing across a range of categories, including packaged water, sports drinks, and beverages made with tea and coffee. Such trends are expected to drive the global market for non-alcoholic beverages.
The innovation in non-alcoholic beverages is also significantly contributing to the non-alcoholic beverages market expansion. Producers of beverages constantly experiment with novel flavours, ingredients, and brewing methods to develop distinctive and intriguing goods. Examples of such developments improving the market’s attractiveness and variety include the creation of plant-based and dairy-free substitutes, gourmet coffee and tea, and organically flavoured soft drinks.
Furthermore, the growth of the global non-alcoholic beverages market is also reinforced by the robust expansion of distribution channels. The proliferation of supermarkets, hypermarkets, convenience stores, and online retail platforms have improved the accessibility and visibility of non-alcoholic beverages, stimulating their sales growth.
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Non-alcoholic Beverages Market Segmentation
The market can be divided based on type, distribution channel, and region.
Market Breakup by Type
- Fruit Juice
- RTD Tea and Coffee
- Energy and Sports Drinks
- Bottled Water
Market Breakup by Distribution Channel
- Convenience/Departmental Stores
- Speciality Stores
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global non-alcoholic beverages companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- PepsiCo, Inc.
- The Coca-Cola Company
- Nestle S.A.
- H.J. Heinz Company Brands LLC
- Reed’s, Inc.
- Monster Energy Company
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