According to the report, global demand for the non-alcoholic beverage market was valued at approximately USD 902.14 billion in 2023and is expected to generate revenue of around USD 1751.47 billion by the end of 2032, growing at a CAGR of around 7.65% between 2024 and 2032.
Zion Market Research has published a new report titled “Non-Alcoholic Beverage Market By Product (Carbonated Soft Drinks (CSD), Fruit Beverages, Bottled Water, Functional Beverages, and Sports Drinks), By Distribution Channel (Supermarkets & General Merchandisers, Food Service & Drinking Places, Gas Stations & Convenience Stores, Vending Machine Operations, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032”.
Non-alcoholic beverages have grown significantly in recent years due to the impact of drink-driving laws. People have now become aware that they have their moral, social, and legal responsibility responsibilities and prefer not to drink alcohol and drive. Some people have medical conditions that do not allow them to drink alcohol, and others simply want to live a healthy lifestyle. Such factors are projected to drive non-alcoholic beverages market growth over the forecast period.
Increasing demand for functional soft drinks with few calories and less sugar from health-conscious consumers is expected to drive the industry growth over the forecast period. Moreover, companies taking initiatives also in delivering compelling products with unique flavors and innovative packaging will further upsurge the demand for non-alcoholic beverages. The regulatory environment for non-alcoholic beverages is continuously evolving. Currently, the Food and Drug Administration (FDA) maintains jurisdiction regarding food and beverage labeling, ingredients, nutritional content, and health claims in the U.S. New and proposed legislation regarding health, obesity, product labeling, and environmental concerns may restrain the industry growth.
The non-alcoholic beverage market is segmented on the basis of products which are further classified into carbonated soft drinks (CSD), fruit beverages, bottled water, functional beverages, and sports drinks. Functional beverage is the fastest growing segment. Increasing demand for value-oriented products and rising health-related concerns among consumers are expected to drive the functional beverage segment growth.
The carbonated soft drink segment is expected to have experienced significant growth in the non-alcoholic beverage market. The growth is attributed to the changing consumer preference owing to increasing awareness levels towards healthy products. Furthermore, food and beverage manufacturers focus on developing beverages that are obtained from plant-based protein which includes grain, soy, and almond.
Based on distribution channel, the market is segmented into supermarkets & general merchandisers, food service & drinking places, gas stations & convenience stores, vending machine operations, and others. Food service providers and drinking places such as restaurants and hotels are the major revenue-generating segments for the non-alcoholic beverages market. The market players are offering different varieties of non-alcoholic beverages and are providing it to the consumers through distribution channels such as retailers or large-scale supermarkets which has increased the sales of the product. Sales of non-alcoholic beverages mostly depend on industry players to offer varied food products to the consumer through distribution channels such as retailers or large-scale supermarkets which include Walmart, Safeway and Carrefour. An increased number of distribution channels and their presence in urban areas as well as and rural areas are expected to drive industry growth.
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are key regional segments of the global non-alcoholic beverage market. North America held a major revenue share in 2023, due to the huge acceptance of soda products and the existence of developed economies in the region. The presence of major industry players and the rising number of obesity in the region will further drive industry growth over the forecast period. Asia Pacific has the highest growth rate due to the huge population, untapped markets in the region, and increasing disposable income of people. Asia Pacific Pacific also has a competitive advantage over other areas and regions due to the availability of low-cost labor and raw materials.
The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new distribution channel launches, agreements, partnerships, collaborations & joint ventures, research & development, distribution channel, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, and product portfolio of various companies according to the region.
The study provides a decisive view of the non-alcoholic beverage market by segmenting the market based on product, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. Based on the products, the market is segmented into carbonated soft drinks (CSD), fruit beverages, bottled water, functional beverages, sports, and sports drinks. On the basis of distribution channels, the market is segmented into supermarkets & general merchandisers, food service & drinking places, gas stations & convenience stores, vending machine operations, and others.
Non-Alcoholic Beverage Market: Competitive Analysis
The global non-alcoholic beverage market is dominated by players like:
This report segments the global non-alcoholic beverage market as follows:
Global Non-Alcoholic Beverage Market: Product Segment Analysis
Global Non-Alcoholic Beverage Market: Distribution Channel Segment Analysis
Global Non-Alcoholic Beverage Market: Regional Segment Analysis
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