Latin America Non Alcoholic Drinks Market was worth USD 1,239.86 billion in 2024 and is estimated to be growing at a CAGR of 3.35%, to reach USD 1,461.92 billion by 2029
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the beverage industry. Non-alcoholic beverages are easily available in the market in different forms like fruit juices, soft drinks, instant coffee, tea, energy drinks, bottled water, isotonic drinks, and others. The overall awareness for good health has led many people to go from alcoholic beverages to non-alcoholic ones. Major producers are focussing on innovative product discoveries to adjust to changing consumer choices. The market is fueled by factors like changes in lifestyles and consumer choices, the demand of the growing population, and growth in spending abilities. Consumer concern about the health effects of synthetically sweetened drinks and government restrictions for ingredient use in these drinks are found to be the main factors hindering the market growth.
Latin America is expected to show significant growth during the forecast period, because of increasing population and changing lifestyle.
Attitude Drinks Inc., Coca-Cola Company, Dr. Pepper Snapple Group Inc., Danone, DydoDrinco, Inc., Nestlé S.A., PepsiCo Inc., Parle Agro Ltd, San Benedetto are some of the notable companies in the Latin America Non-Alcoholic Drinks market.
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