Non-Alcoholic Beverage Market Size, Share & Growth Report 2032

Non-Alcoholic Beverage Industry Prospective:

The global non-alcoholic beverage market size was worth around USD 902.14 billion in 2023 and is predicted to grow to around USD 1751.47 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.65% between 2024 and 2032.

The report covers forecasts and analyses for the non-alcoholic beverage market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

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Non-Alcoholic Beverage Market: Overview

Rising consumption of energy drinks due to the hectic schedule, urbanization, and growing increasing health- related concerns is predicted to drive the non-alcoholic beverage market growth over the forecast period. Increased awareness about Wwellness and hHealth and wellness have significantly posed areis expected to  positively impact on the food and beverages industry. Rising awareness regarding various health problems associated with alcohol will influence the consumers to switch towards non-alcoholic drinks. vVarious international and national regulatory authorities are involved in regulating The non-alcoholic beverage industry is regulated by various international and national regulatory authorities across the world. Moreover, growing concerns towards obesity and other health- related issues will stimulate the demand for non-alcoholic beverages. Consumer preference for functional beverages, such as energy drinks, and ready to drink coffee and tea, is also gaining popularity due to low-calorie content.

The study includes drivers and restraints for the non-alcoholic beverage market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the non-alcoholic beverage market on a global level.

In order to give the users of this report a comprehensive view of the non-alcoholic beverage market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the product segment and distribution channel segment are benchmarked based on their market size, growth rate, and general attractiveness.

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.

Non-Alcoholic Beverage Market: Growth Drivers

Many industry players have been considering Wwater management as an is essential segment of their in terms of operations., Increasing government policies coupled with rising awareness levels among people for environment & energy conservation has resulted in environment protection policies. For instance, The Clean Water Act, The Clean Air Act, and The Resource Conservation and Recovery Act are various regulatory frameworks in food and beverage industry that are proposed for environment and energy conservation.as it is Since it is also associated with the quantity of water being used in beverages, its use in water-scarce region, and disposal or treatment of wastewater in operations, is also a growing concern for non-alcoholic beverage industries.

Moreover, increasing government policies coupled with rising awareness levels among people societal awareness levels towards for environment & energy conservation have has resulted in environment protection policies stringent emission. and environment protection policies. For instance, The Clean Water Act, The Clean Air Act, and The Resource Conservation and Recovery Act are various regulatory frameworks in food and beverage industry that are proposed for environment and energy conservation. Such initiatives by the government are expected to drive industry growth over the forecast period.  As per Department of Economic and Social Affairs, U.S., in 2012, about 1.5 million people globally were added to urban population every week. Roughly 60% of the global population will reside in urban areas by 2022, which is expected to drive business growth.    Request Free Sample

Non-Alcoholic Beverage Market: Segmentation

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: Report Scope

Non-Alcoholic Beverage Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation classification into major countries including the U.S., Canada, the Rest of North America, the U.K., Germany, France, Rest of Europe, China, Japan, India, and Rest of Asia Pacific, Brazil, Rest of Latin America, and Rest of the Middle East and Africa. This segmentation includes demand for the non-alcoholic beverage market based on product and distribution channels in all regions and countries.

North America held the major revenue share of the global non-alcoholic beverage market in 2023 and the region is anticipated to continue the trend over the forecast period. The growth of this regional market is attributed due to the high acceptance of soda products and the existence of developed economies in the region. Furthermore, the presence of well- known beverage manufacturers such as Coca-Cola and PepsiCo in the region will further drive industry growth. Asia-Pacific is expected to witness the fastest growth, due to increasing disposable income of people and growing awareness among people regarding healthy food consumption. 

Non-Alcoholic Beverage Market: Competitive Analysis

The global non-alcoholic beverage market is dominated by players like:

• PepsiCo
• The Coca-Cola Company
• Nestle S.A.
• Dr. Pepper Snapple Group
• The Kraft Heinz Company
• Reed’s
• Appalachian Brewing Co.
• Jones Soda Co.
• Molson Coors Brewing Company

This report segments the global non-alcoholic beverage market as follows:

Global Non-Alcoholic Beverage Market: Product Segment Analysis

• Carbonated Soft Drinks (CSD)
• Fruit Beverages
• Bottled Water
• Functional Beverages
• Sports Drinks 

Global Non-Alcoholic Beverage Market: Distribution Channel Segment Analysis

• Supermarkets & General Merchandisers
• Food Service & Drinking Places
• Gas Stations & Convenience Stores
• Vending Machine Operations
• Others  

Global Non-Alcoholic Beverage Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa