Non-Alcoholic Beverage Market Expected to Rise at 4.5%% CAGR during 2024-2032

The latest report by IMARC Group, titled “Non-Alcoholic Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global non-alcoholic beverage market size reached US$ 928.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,400.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

A non-alcoholic beverage refers to any drink that does not contain alcohol or contains only a minimal amount of alcohol, typically less than 0.5% alcohol by volume (ABV). It is designed to be consumed without inducing any significant intoxicating effects. It also offers several options for individuals who abstain from alcohol for various reasons, including personal preferences, health concerns, cultural or religious beliefs, or the need to avoid alcohol due to certain medications or medical conditions.  In addition, it is available in numerous forms, catering to diverse tastes and preferences. Some commonly known non-alcoholic beverages include soft drinks, carbonated beverages, fruit juices, smoothies, herbal teas, coffee, tea, infused water, energy drinks, sports drinks, and mocktails. It is often formulated to deliver refreshing, flavorful, and hydrating experiences, providing alternatives to alcoholic beverages without compromising taste. It is enriched with natural ingredients, essential vitamins, and minerals, aiming to offer nutritional benefits to consumers. Additionally, it provides alternatives for social situations where individuals may not wish to consume alcohol, ensuring inclusivity and diversity in social gatherings. Currently, non-alcoholic beverage is widely available in supermarkets, restaurants, and cafes due to the increasing interest and recognition of the importance of offering non-alcoholic options to cater to a broader customer base. 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/non-alcoholic-beverage-market/requestsample

Non-Alcoholic Beverage Market Trends and Drivers:

The non-alcoholic beverage market is primarily driven by shifting consumer preferences toward non-alcoholic alternatives and refreshing and flavorful beverages without the effects of alcohol. In addition, individuals are becoming more conscious of their sugar intake and the potential adverse effects of excessive alcohol consumption. As a result, there is a growing demand for beverages that offer lower sugar content, natural ingredients, and functional benefits such as hydration, energy-boosting, or vitamin-enhanced properties. Moreover, the increasing popularity of social media and the power of digital marketing with influencers and online platforms expanding the visibility and reach of non-alcoholic beverages, making it easier for consumers to discover new products and brands, represents another major growth-inducing factor. This has led to rising sproduct innovation and differentiation as companies strive to capture the attention of consumers through unique flavors, eye-catching packaging, and engaging marketing campaigns propelling market growth. Besides this, the growing middle-class population and rising disposable incomes led more individuals to explore numerous beverage choices, resulting in the escalating demand for premium non-alcoholic beverages, including artisanal sodas, gourmet teas, flavored water, and innovative non-alcoholic cocktails. Along with this, the shift toward a more sustainable and environmentally conscious lifestyle is influencing the non-alcoholic beverage market. 

Report Segmentation:

The report has segmented the market into the following categories:

Product Type Insights: 

  • Carbonated Soft Drinks
  • Juices
  • Bottled Water
  • Sports and Energy Drinks
  • RTD Tea and Coffee
  • Others

Packaging Type Insights: 

  • Bottles
  • Cans
  • Cartons
  • Others

Distribution Channel Insights:

  • Retail
  • Food Service
  • Supermarkets and Hypermarkets
  • Online Stores
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Arizona Beverage Company
  • Asahi Group Holdings Ltd.
  • Danone S.A.
  • Keurig Dr Pepper Inc.
  • Nestlé S.A.
  • Parle Agro Pvt. Ltd.
  • PepsiCo Inc.
  • Primo Water Corporation
  • Red Bull GmbH
  • Suja Life LLC
  • Suntory Beverage & Food Limited
  • The Coca-Cola Company.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Other Reports: 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163

Popular posts from this blog

GCC LED Lighting Market Size, Trends, Growth, Forecast & Industry Report 2024-2032

Image
According to IMARC Group, the GCC led lighting market share reached us$ 876.9 million in 2023 . Looking forward, Imarc group expects the market to reach us$ 2,174.9 million by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032. The report has segmented the market by product type (panel lights, down lights, street lights, and others), application (residential, commercial, industrial, and others), import and domestic manufacturing (imports, domestic manufacturing), public and private sectors (public sector, private sector), outdoor and indoor application (indoor, outdoor), and region. Request to Get the Sample Report: https://www.imarcgroup.com/gcc-led-lighting-market/requestsample What is the LED Lighting Market ? Light Emitting Diode (LED) lighting has emerged as a transformative technology in the field of illumination, revolutionizing the lighting solutions are perceived and utilized. LEDs are semiconductor devices that emit light when an electrical current passes...
Read more

Blood Group Typing Market Size, Key Facts, Dynamics, Segments and Forecast Report 2023-2028

Image
  The new report by Expert Market Research titled, ‘Global  Blood Group Typing Market Size , Trend, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global blood group typing market. It assesses the market based on its segments like offerings, techniques, test types, end-uses, and major regions. Get a Free Sample Report with Table of Contents@   https://www.expertmarketresearch.com/reports/blood-group-typing-market/requestsample The key highlights of the report include: Market Overview 2018-2028 • Historical Market Size (2021):  USD 2 billion • Forecast CAGR (2023-2028):  9.10% • Forecast Market Size (2027):  USD 3.37 billion The market for blood group typing is being driven by the increasing prevalence of chronic diseases, along with the rising demand for blood from various end-users such as hospitals and clinics, research institutes, and blood banks, among others. The increasing number of emergencies and road accidents t...
Read more

Global Civil Engineering Market Size to Grow at a CAGR of 5.2% in the Forecast Period of 2023-2028

Image
The ‘Global   Civil Engineering Market Growth , Size, Share, Trend, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global civil engineering market, assessing the market on the basis of its segments like services, applications, customers, and major regions. The report studies the latest updates in the market, along with their impact across the market. It is also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models. Civil Engineering Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast The key highlights of the report include: Market Overview (2018-2028) • Forecast CAGR (2023-2028):  5.2% Civil engineering provides efficient and reliable assistance in building large structures, ensures environmental safety, facilitates coordination with transportation to manage traffic, and enables the understa...
Read more