Global Non-alcoholic Beverages Market Size, Share, Growth Analysis, By Type(Carbonated Soft Drinks (CSD), Ready-to-Drink Coffee & Tea), By Distribution Channel(Supermarkets/Hypermarkets, Food Services Sector) - Industry Forecast 2023-2030

Non-alcoholic Beverages Market size was valued at USD 994.01 billion in 2021 and is poised to grow from USD 1077.35 billion in 2022 to USD 1879.91 billion by 2030, growing at a CAGR of 8.56% in the forecast period (2023-2030).

Due to the non-alcoholic beverage market's expanding links with social and cultural roles, the global beverage sector is benefiting from a wave of fundamental change and is continually changing. Over the past few years, there has been an increasing trend towards non-alcoholic beverages, and they currently make up more than 50% of the global beverage market. The market offers investors a thorough view of the sector due to the growing popularity of revitalising beverages and the growth of civilization throughout human civilizations. Because of the decreasing trade restrictions and tariff barriers in the global market, manufacturers have been encouraged to increase their production capacity globally. As developing markets grow in importance and consumer demand changes as a result of the introduction of fresh items, there will be several opportunities for market growth in the years to come.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Non-alcoholic Beverages Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The Global Non-alcoholic Beverages Market is segmented based on Type, Distribution Channel, and Region. Based on the Type, the Global Non-alcoholic Beverages Market is segmented as Carbonated Soft Drinks (CSD), Ready-to-Drink Coffee & Tea, Bottled Water, Fruit Beverages, and Others (Sports Drinks & Functional Drinks). Based on the Distribution Channel, the Global Non-alcoholic Beverages Market is segmented as Supermarkets/Hypermarkets, Food Services Sector, Convenience Stores, Specialty Stores, and Online retail. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

e-commerce platforms are evolving to bring in higher revenues.

Technological developments and trends in online purchasing are expected to have a big impact on the beverages business as consumers depend more and more on the internet and e-commerce. The number of individuals utilising the internet has been steadily increasing, according to the global E-commerce Foundation's report from 2018. Nearly 30% of all global sales of groceries were made through e-commerce in 2018, and this percentage is expected to rise going forward. Producers of soft drinks are making significant efforts to establish new internet businesses in order to support the industry's growth over the future years.

Restraint

Fluctuations in the price and availability of natural resources may stifle supply

Numerous social and environmental externalities are brought about by this industry's significant reliance on natural resources like power and water. A disruption in the availability of natural resources is encouraged by indirect greenhouse gas emissions, dwindling water supplies, and increasing pollution, which is expected to reduce the market's capacity for output. Manufacturers collaborated with the alcoholic drinks industry to establish the Beverage Industry Environmental Roundtable (BIER) after realising the risks and opportunities of sustainability concerns. To enhance sustainability in the beverage industry, top businesses like The Coca-Cola Company, Pepsi Co., and others founded the BIER technical coalition.

Market Trends

As consumer interest in healthy beverages grows, manufacturers were compelled to provide a number of nutrient-rich products to the non-alcoholic beverage industry. The general public, and millennials in particular, are becoming more daring and willing to experiment with fresh, healthier soda substitutes. The demand is forcing manufacturers to reevaluate how they formulate their products and has an impact on new manufacturing concepts by exposing the shifting preferences of millennial customers and their descendants around the world.