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Global Non-Alcoholic Beverage Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product Type (Soft Drinks, Bottled Water, Tea & Coffee, Juice and Dairy Drinks), Distribution Channel (Specialty Stores, Online Store, Super Markets/ Hyper Markets, Convenience Stores, Departmental Stores and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 4226
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Non-Alcoholic Beverage Market Size (2024 to 2029)

The global non-alcoholic beverage market size was worth USD 1025.7 billion in 2023. The global market size is estimated to grow at a CAGR of 6.04% from 2024 to 2029 and be valued at USD 1458.2 billion by 2029 from USD 1087.6 billion in 2024. Several foreign and domestic regulatory agencies govern these non-alcoholic beverages.

Non-alcoholic beverages are a kind of alcoholic drink in the non-alcoholic version. They include beverages that contain less than 0.5% alcohol. These drinks are popular in countries that enforce alcohol prohibition laws like Kuwait, Saudi Arabia, and Iran. Non-alcoholic beverages have grown significantly in recent years under the influence of drunken driving laws. People are now aware of their moral, social and legal responsibilities and prefer not to drink and drive. Some people have a health condition where they cannot drink, and others want to lead a healthy life.

Global Non-Alcoholic Beverage Market Drivers:

The growing demand for functional beverages to complement health without changing taste is driving the global Non-Alcoholic Beverages market. Changes in consumer tastes and preferences and the propensity to consume convenience foods and beverages have led to increased demand for non-alcoholic drinks in recent years. Manufacturers are focusing on developing new products to meet the changing tastes and preferences of consumers. Ethanol distillation is the notable process used to separate non-alcoholic beverages from alcoholic beverages. As concerns about obesity and health awareness grow, the growth of the functional beverage and bottled water products sector will be promoted. In contrast, at the same time, demand for carbonated beverages is expected to be limited. The global Non-Alcoholic Beverage market has witnessed rapid changes due to factors such as increased purchasing power, improved living standards at the population level, and rapid urbanization.

The global Non-Alcoholic Beverage market is also driven by factors such as lifestyle changes and increased consumer awareness of adequate health and wellness. Also, as the popularity of convenience foods and beverages increases, the global market demand for non-alcoholic beverages increases. Additionally, continued product innovation among major players, such as the introduction of zero-calorie or low-calorie drinks, is assumed to create opportunities in the global Non-Alcoholic Beverage market during the outlook period. As interest in obesity and other health problems increases, the Non-Alcoholic Beverage industry worldwide is reorganizing. The demand for relaxing drinks, energy drinks and functional drinks ready for coffee and tea is gaining popularity due to its low-calorie content. In addition to changing the pattern of the diet to consume nutrient-dense products, shifting the customer's focus toward a healthy lifestyle is expected to be one of the industry's primary drivers.

Additionally, the utility of alternative beverages, including functional soft drinks, is assumed to increase as concerns about the ill effects associated with drinking alcoholic beverages. The adult consumer group is presumed to remain the top buyer during the forecast period. The increasing workforce, athletes and athletes encourages the demand for nutritional drinks to improve performance and increase energy levels throughout the day. This is supposed to boost the demand for non-alcoholic drinks like functional beverages, energy drinks and juices in the foreseen years. Additionally, consumers are switching to more delicious, healthy, and nutritious natural and organic foods. This consumer trend is gaining popularity among young people around the world.

Global Non-Alcoholic Beverage Market Restraints:

Consumers' perceptions of the health effects, such as diabetes, created by the consumption of soft drinks are a deterrent to the global Non-Alcoholic Beverage market. In addition, strict government rules and regulations on the use of ingredients in non-alcoholic beverages limit the global market for non-alcoholic drinks.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.04%

Segments Covered

By Product Type, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

The Coco-Cola Company, PepsiCo, Inc., Nestle S.A., Danone, Calcol, Inc., Livewire Energy, Attitude Drinks, Co., Dydo Drinco, Dr. Pepper Snapple Group, A.G. Barr and Others.

 

This research report on the global non-alcoholic beverage market has been product type, distribution channel and region.

Global Non-Alcoholic Beverage Market - By Product Type:

  • Soft Drinks             
  • Bottled Water       
  • Tea and Coffee    
  • Juice         
  • Dairy Drinks

Global Non-Alcoholic Beverage Market - By Distribution Channel:

  • Speciality Stores  
  • Online Store          
  • Super Markets/ Hyper Markets    
  • Convenience Stores            
  • Departmental Stores         
  • Others   

Global Non-Alcoholic Beverage Market – By Region:

  • North America
    • The United States
    • Canada
    • Rest of North America
  • Europe
    • The United Kingdom
    • Spain
    • Germany
    • Italy
    • France
    • Rest of Europe
  • The Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • New Zealand
    • Southeast Asia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of LATAM
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Lebanon
    • Jordan
    • Cyprus

The North America non-alcoholic beverages market had the largest share of 35.4% in 2023, with key players in the region adopting marketing strategies, including innovative product launches and mergers and acquisitions, to meet the growing demand for low-sugar, natural beverages and low in calories. North America occupied the largest market for this industry due to the presence of developed countries and the early adoption of soda products. Rising obesity problems in the United States and Mexico and government-imposed taxes on sugar products are pushing the limits of CSD and low-calorie non-nutritive sweetener products.

The Asia-Pacific non-alcoholic beverages market is likely to expand at a promising CAGR during the forecast period. Asia-Pacific has become the fastest-growing region in the Non-Alcoholic Beverage industry due to a variety of unexplored markets, populations, and increased disposable income. There is a growing awareness of the market in the region as an awareness of the health benefits associated with non-alcoholic beverages, such as improved cholesterol and the level of saturated fat in the body. Major manufacturers are launching new products to meet the growing demands of their customers. The need for these drinks is increasing due to various strict government policies and regulations for alcohol. Powered by emerging economies such as China, India, Thailand and Malaysia, the region has a competitive advantage over other parts due to low-cost labor and the availability of raw materials. As the demand for various non-alcoholic beverages increases in these regions, the global market for non-alcoholic drinks is likely to expand.

KEY MARKET PLAYERS:

Companies playing a key role in the global non-alcoholic beverage market include Coco-Cola Company, PepsiCo, Inc., Nestle S.A., Danone, Calcol, Inc., Livewire Energy, Attitude Drinks, Co., Dydo Drinco, Dr. Pepper Snapple Group and A.G. Barr. The main players in the market are PepsiCo and The Coca-Cola Company, which are promoted by e-commerce channels through the development of technology and the adoption of smartphones. Direct selling and e-commerce channels are estimated to bring more stability to the business by providing an alternative way to market its products.

RECENT HAPPENINGS IN THE MARKET:

  • In October 2018, United Breweries Ltd. launched a lemon drink under the 'Kingfisher Radler' brand and entered the non-alcoholic beverages sector. This strategic move is supposed to ensure a significant demand for products during the projection period.
  • Indian Food, 100% FDI Food and One Belt One Road Initiative are attracting new participants to establish production and distribution facilities in the Asia Pacific region.
  • Coca-Cola introduced special sparking cocktails in 2019, named as Bar None in the United States. This brand is available at Bellini Spritz, Sangria, Ginger Mule and Dry-Aged Cider.

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FAQ's

What is the acceptable percentage of alcohol in non-alcoholic beverage?

Non-Alcoholic beverages can contain less than 0.5% alcohol.

What are the different types of non-alcoholic beverage?

Soft drinks, bottled water, tea, coffee, juice and dairy drinks are included under the purview of non-alcoholic beverages.

What is expected non-alcoholic beverage market value after five years?

The Non-Alcoholic Beverage Market is expected to reach a valuation of US$ 1.60 trillion by the end 2028.

What is the expected growth rate of the Non-Alcoholic Beverage Market in the Asia-Pacific region?

The Asia-Pacific market is expected to grow with a CAGR of 6% during the forecast period.

Name three key vendors of the Global Non-Alcoholic Beverage Market?

The Coco-Cola Company, PepsiCo, Inc. and Nestle S.A. are three key market vendors.

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