PUBLISHER: Value Market Research | PRODUCT CODE: 1489187
PUBLISHER: Value Market Research | PRODUCT CODE: 1489187
The global demand for Non-alcoholic RTD Beverages Market is presumed to reach the market size of nearly USD 1736.38 Billion by 2032 from USD 942.89 Billion in 2023 with a CAGR of 7.02% under the study period 2024-2032.
Non-alcoholic ready-to-drink (RTD) beverages are pre-packaged drinks that are ready for consumption without the need for any additional preparation. These beverages are formulated without alcohol and can include various options such as sodas, flavored waters, energy drinks, fruit juices, and functional beverages like sports or herbal teas. These beverages offer convenience and variety to consumers seeking refreshing and flavorful drink options for on-the-go or leisure activities. They cater to a broad range of tastes & preferences, providing alternatives to alcoholic beverages for individuals looking for non-alcoholic or low-alcohol options.
Changing consumer lifestyles and preferences, coupled with growing health consciousness and concerns about alcohol consumption, drive the demand for non-alcoholic RTD beverages as convenient and healthier alternatives to traditional alcoholic beverages. As consumers seek refreshing and flavorful beverage options for various occasions, there is a growing trend towards consuming non-alcoholic RTD beverages that offer a wide range of flavors, ingredients, and functional benefits, such as hydration, energy boost, and nutritional fortification. Moreover, the rising popularity of on-the-go consumption and convenience-driven lifestyles fuels the demand for portable and single-serve non-alcoholic RTD beverage formats catering to busy urban consumers and millennials. Additionally, the increasing availability and accessibility of non-alcoholic RTD beverages through various distribution channels, including supermarkets, convenience stores, and e-commerce platforms, expand market reach and penetration. Furthermore, innovative product development and marketing strategies, such as product diversification, premiumization, and brand collaborations, drive consumer engagement and loyalty, stimulating market growth and competition. However, shifts in consumer preferences towards healthier beverage options or regulatory changes may challenge the market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Non-alcoholic RTD Beverages. The growth and trends of Non-alcoholic RTD Beverages industry provide a holistic approach to this study.
This section of the Non-alcoholic RTD Beverages market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Non-alcoholic RTD Beverages market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Non-alcoholic RTD Beverages market include PepsiCo Inc., Nestle S.A., Keurig Dr. Pepper Inc., The Coca-Cola Company, Danone S.A., Suntory Beverage & Food Ltd., Asahi Group Holdings Ltd., Red Bull GmbH, Monster BevCorp., Unilever PLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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