Report Ocean has released a market research report on the Non-alcoholic Drinks industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global non-alcoholic drinks market size was US$ 876.5 billion in 2021. The global non-alcoholic drinks market size is forecast to reach US$ 2,132.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
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‘Non-alcoholic drinks,’ also known as ‘virgin drinks,’ ‘mocktails,’ and ‘near beer,’ are drinks that contain less than 5% alcohol by volume. Among the non-alcoholic drinks market’s many products are energy drinks, juices, soft drinks, coffee & tea, bottled water, and probiotics. In the past decade, the beverage industry has experienced dramatic changes in consumer preferences.
Factors Influencing Market Growth
- Consumption of functional beverages and health & wellness have impacted the market. Additionally, new compelling products with unique flavors and innovative packaging are forecast to drive the global market’s growth.
- Due to beverages with high-calorie sweeteners, obesity awareness is increasing, which may slow down the global market growth.
- The development of new beverages, such as super-premium juices, premium hydration, probiotics/kombucha, and craft sodas, to meet consumers’ demands for low calories, organic, high-quality, functional, and delicious drinks is likely to create lucrative opportunities for the global market.
- Government regulations for alcoholic beverages and rising disposable incomes are the primary factors contributing to the growth of demand for the overall non-alcoholic drinks market.
Impact Analysis of COVID-19
COVID-19 had a significant impact on the non-alcoholic drinks market in 2020. The COVID-19 outbreak has affected supply chains due to trade restrictions and consumption due to lockdowns imposed by governments worldwide. Almost all food and beverage manufacturers rely on domestic and international raw material suppliers. Many governments restricted the movement of goods across borders and locally, forcing manufacturers to cease production due to a shortage of raw materials. In addition, restrictions on non-essential trade and concerns about contamination in manufacturing facilities contributed to the decline.
Regional Insights
Asia-Pacific is forecast to grow at the fastest rate during the forecast period. Increasing urbanization and disposable income in emerging countries will lead to significant growth in the near future. Furthermore, the change in lifestyle patterns towards healthy functional food and the rise in incidences of diseases due to unhealthy lifestyles increase the demand for premium and luxury non-alcoholic beverages. Furthermore, the increased awareness of health and wellness among consumers and the millennial generation is forecast to increase demand for non-alcoholic drinks in the region.
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Leading Competitors
The leading prominent companies profiled in the global non-alcoholic drinks market are:
- A.G. Barr plc
- Dr. Pepper Snapple Group
- DyDo Group Holdings, Incorporated
- Attitude Drinks, Incorporated
- LiveWire Energy
- Calcol, Incorporated
- Danone S.A.
- Nestlé S.A.
- PepsiCo, Incorporated
- The Coca-Cola Company.
- Kraft Foods Group, Incorporated
- Suja Life, LLC
- FreshBev
- Pressed Juicery
- Suntory Beverage & Food
- Unilever
- Asahi Group
- Jacobs Douwe Egberts
- Kirin Holdings Co.
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global non-alcoholic drinks market segmentation focuses on Product Type, Distribution Channel, Price Point, and Region.
Segmentation based on Product Type
- Soft Drinks
- Bottled Water
- Tea & Coffee
- Juice
- Dairy Drinks
- Others
Segmentation based on Distribution Channel
- Supermarket/Hypermarket
- Convenience stores
- Specialty Stores
- Online Retails
- Others
Segmentation based on Price Point
- Standard
- Premium
- Luxury
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Non-alcoholic Drinks Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Non-alcoholic Drinks Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Non-alcoholic Drinks Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Non-alcoholic Drinks Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Non-alcoholic Drinks Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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