Global Non-Alcoholic Beverage Market was valued US$ XX Bn in 2019 and is expected to grow US$ XX Bn by 2027, at a CAGR of 5.9% during the forecast period.
Global Non-Alcoholic Beverage Market
Global Non-Alcoholic Beverage Market Dynamics:
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Non-alcoholic beverages are essentially a non-alcoholic kind of alcoholic drink. But most drinks presented as non-alcoholic contain a certain amount of alcohol. Such as, Finland has a moderately high ABV regulation for non-alcoholic drinks that are considered as an alcoholic drink by most other countries.
Non-alcoholic beverages offer the basic refreshment function as well as used as mood improvements, fortified drinks, and satisfaction of sweet indulgences in the daily hectic schedule of consumers. Convenience drinks, like canned CSD, and Ready-to-drink Coffee/tea have become a majority trend that offers the grab-and-go convenience and appeals to consumers to buy them from the market. As said by the Food Export Association, a nearly 24% growth rate was observed in the sales of Ready-to-drink Coffee/tea in 2019 from the past four years. So, the rising consumer addiction to soft drinks and other advanced products will supplement the growth of the market in the upcoming years.
Technological improvements and online shopping trends are expected to have a huge influence on the beverages sector, thanks to the rise in dependency of consumers on the internet and e-commerce. As said by the global E-commerce Foundation, internet penetration continues to increase gradually every year. Nearly 30% of revenue in global groceries was achieved through e-commerce in 2019, which is further expected to rise in the future. Therefore, soft drink producers are intensively concentrating on emerging new online stores that will help to boost the market throughout the forecast years.
Producers have recognized the opportunities and risks related to sustainability issues and entered into partnerships with the alcoholic beverages industry to form the Beverage Industry Environmental Roundtable (BIER). BIER is a technical association of leading companies, such as The Coca-Cola Company, Pepsi Co., and others to encourage sustainability in the beverages sector.
The fact that the non-alcoholic beverages industry is highly reliable on natural resources, such as energy & water, generates numerous social as well as environmental externalities. Indirect greenhouse gas emission reduced water availabilities, and increasing pollution encourages the conflicts in the availability of natural resources, which is expected to hinder the production capabilities in the market.
The global non-alcoholic beverages market is facing an unexpected downfall in the sales and consumption of soft drinks, because of the occurrence of the COVID-19 pandemic worldwide. As stated by the World Trade Organization, the overall trade situation across the globe will get obstructed by nearly 20-30% for a certain period. The impact will result in supply disturbances in the market. Also, the cancellation of major sports events, like the Cricket World Cup 2020, IPL 2020, Summer Olympics, and others will further hamper the market growth in the current year.
By type, the non-alcoholic beverage market is segmented into CSD, bottled water, RTD tea & coffee, fruit juices, and others. The CSD segment is holding the largest market share of the global market. The consumers are purchasing new and flavored CSDs in the market as a thirst quencher, because of its energizing properties.
Also, reinforced efforts by the consumers to strengthen their distribution channel at low-cost are driving the demand for the product. The emerging markets, such as India and China contribute the largest market shares to this segment because of the improving economic conditions of the consumers. Then again, RTD drinks, juices, and sports drinks are expected to develop at a faster pace, due to the increasing modification of consumers towards healthy drinks across the world.
Region-wise, North America held the largest revenue share of the global non-alcoholic beverage market in 2019. This is mainly due to the high acceptance of soda products and the presence of developed economies in the region. Also, the occurrence of well-known beverage producers, such as Coca-Cola and PepsiCo in the North American region will further drive industry growth. Asia-Pacific is expected to witness the fastest growth, because of the increasing disposable income of people and growing consciousness among people concerning healthy food consumption.
The objective of the report is to present a comprehensive analysis of the Global Non-Alcoholic Beverage Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Non-Alcoholic Beverage Market dynamics, structure by analyzing the market segments and project the Global Non-Alcoholic Beverage Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Non-Alcoholic Beverage Market make the report investor’s guide.
Global Non-Alcoholic Beverage Market, Key Highlights:
• Global Non-Alcoholic Beverage Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Non-Alcoholic Beverage Market
• Global Non-Alcoholic Beverage Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Non-Alcoholic Beverage Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Non-Alcoholic Beverage Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Non-Alcoholic Beverage Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Non-Alcoholic Beverage Market:
Global Non-Alcoholic Beverage Market, By Type
• Carbonated Soft Drinks (CSD)
• Ready-to-Drink Coffee & Tea
• Bottled Water
• Fruit Beverages
• Others (Sports Drinks & Functional Drinks)
Global Non-Alcoholic Beverage Market, By Distribution Channel
• Food Services Sector
• Convenience Stores
• Specialty Stores
• Online Retails
Global Non-Alcoholic Beverage Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Non-Alcoholic Beverage Market Key player
• PepsiCo, Inc.
• The Coca-Cola Company
• Nestle S.A.
• Dr. Pepper Snapple Group, Inc.
• The Kraft Heinz Company
• Reed’s, Inc.
• Appalachian Brewing Co.
• Jones Soda Co.
• Molson Coors Brewing Company
• Monster Beverage Corp
• ITO EN Ltd
• Arca Continental SAB de CV
• Evergreen Juices Inc.
• James White Drinks
• Evolution Fresh (Starbucks Corporation)
• Suja Life, LLC
• Langer Juice
• Ceres Fruit Juices
• Lassonde Industries
• Ocean Spray Cranberries
• Del Monte Foods
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