Non-alcoholic drinks market was valued at $820.0 billion in 2020, and is estimated to reach $2,134.6 billion by 2031, registering a CAGR of 6.8%from 2022 to 2031.
Non-alcoholic drinks, also known as ‘virgin drinks’, ‘mocktails’ and ‘near beer’, refer to the beverages, which comprise less than 0.5% of alcohol content by volume. Non-alcoholic drinks market encompasses a wide range of refreshment beverages, including energy drinks, juices, soft drinks, coffee & tea, bottled water, and probiotics.
The beverage industry has faced spectacular transformation in consumer preferences during a past decade. Consumers’ demand toward maintaining health & wellness and functional beverages have impacted the market. In addition, new compelling products with unique flavors and innovative packing by companies are expected to fuel the market growth. Furthermore, increase in disposable incomes in emerging economies has increased the adoption of non-alcoholic drinks. However, rise in awareness of obesity due to beverages with high-calorie sweeteners hinders the market growth. Apart from this, the introduction of tax on soft drinks has hampered the market growth.
The huge market potential for diet and zero sugar drinks is projected to be observed for non-alcoholic drinks market during the forecast period. Moreover, introduction of newly launched drinks such as super premium juices, premium hydration, probiotics/kombucha, and craft soda to meet consumers’ demand for low calories, organic, high-quality, functional, and delicious drinks is expected to be an evolving landscape for the non-alcoholic drinks market in coming years.
However, consumers’ purchasing decision is heavily influenced by social media, bloggers, and relatives & friends due to increased heath issues. For instance, excess sugar intake can cause obesity, diabetes, dehydration, premature birth defects, and teeth cavities in children. Furthermore, artificially sweetened drinks can cause heart disease and cancer while caffeine content in energy drinks increases the risk of caffeine overdose. These factors have a negative effect on the growth of non-alcoholic drinks market.
The non-alcoholic drinks market is segmented based on the product type, distribution channel, price point, and geography. By product type, the market can be segmented into soft drinks, tea & coffee, energy drinks, juices, bottled water, dairy drinks, and others. By distribution channel, the study covers supermarket/hypermarket, convenience stores, specialty stores, online retails, and others. By price point, the market is segmented into standard, premium, and luxury categories. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle faced by them attributed bythe COVID-19 pandemic was the disruption of the supply chain. Furthermore, all the supply channels were nearly shut down in the first quarter of the pandemic.
Non-alcoholic drinks, also known as ‘virgin drinks’, ‘mocktails’ and ‘near beer’, refer to the beverages, which comprise less than 0.5% of alcohol content by volume. Non-alcoholic drinks market encompasses a wide range of refreshment beverages, including energy drinks, juices, soft drinks, coffee & tea, bottled water, and probiotics.
The beverage industry has faced spectacular transformation in consumer preferences during a past decade. Consumers’ demand toward maintaining health & wellness and functional beverages have impacted the market. In addition, new compelling products with unique flavors and innovative packing by companies are expected to fuel the market growth. Furthermore, increase in disposable incomes in emerging economies has increased the adoption of non-alcoholic drinks. However, rise in awareness of obesity due to beverages with high-calorie sweeteners hinders the market growth. Apart from this, the introduction of tax on soft drinks has hampered the market growth.
The huge market potential for diet and zero sugar drinks is projected to be observed for non-alcoholic drinks market during the forecast period. Moreover, introduction of newly launched drinks such as super premium juices, premium hydration, probiotics/kombucha, and craft soda to meet consumers’ demand for low calories, organic, high-quality, functional, and delicious drinks is expected to be an evolving landscape for the non-alcoholic drinks market in coming years.
However, consumers’ purchasing decision is heavily influenced by social media, bloggers, and relatives & friends due to increased heath issues. For instance, excess sugar intake can cause obesity, diabetes, dehydration, premature birth defects, and teeth cavities in children. Furthermore, artificially sweetened drinks can cause heart disease and cancer while caffeine content in energy drinks increases the risk of caffeine overdose. These factors have a negative effect on the growth of non-alcoholic drinks market.
The non-alcoholic drinks market is segmented based on the product type, distribution channel, price point, and geography. By product type, the market can be segmented into soft drinks, tea & coffee, energy drinks, juices, bottled water, dairy drinks, and others. By distribution channel, the study covers supermarket/hypermarket, convenience stores, specialty stores, online retails, and others. By price point, the market is segmented into standard, premium, and luxury categories. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle faced by them attributed bythe COVID-19 pandemic was the disruption of the supply chain. Furthermore, all the supply channels were nearly shut down in the first quarter of the pandemic.
KEY MARKET SEGMENTS
By Product Type
- Soft Drinks
- Bottled Water
- Tea & Coffee
- Juice
- Dairy Drinks
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Convenience stores
- Specialty Stores
- Online Retails
- Others
By Price Point
- Standard
- Premium
- Luxury
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Poland
- Netherlands
- Hungary
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle-East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Non-Alcoholic Drinks Market, by Product Type
Chapter 5: Non-Alcoholic Drinks Market, by Distribution Channel
Chapter 6: Non-Alcoholic Drinks Market, by Price Point
Chapter 7: Non-Alcoholic Drinks Market, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Non-alcoholic Drinks Market by Product type, Distribution Channel, andPrice Point: Global Opportunity Analysis and Industry Forecast, 2022–2031,”The global non-alcoholic drinksmarket was valued at $820.0Billion in 2020, and is expected to reach $2,134.6 Billion by 2031 at a CAGR of 6.8%.The soft drinks segment is expected to retain its dominant position, in terms of revenue generation during the forecast period. Asia-Pacific held the leading position in the global market in 2020, and is expected to maintain its lead in the future. The market is expected to witness notable growth in the near future, owing to rise in urbanization and increased disposable income in the emerging countries. Moreover, change in lifestyle patterns toward healthy functional food and increase in prevalence of diseases due to unhealthy lifestyle escalates the demand for premium and luxury non-alcoholic beverages. Furthermore, the impact of surgein awareness of health and wellness among consumers and millennial generation are expected to boostthe demand for non-alcoholic beverages. In addition, broad range of preferences and innovative packaging play pivotal role in the market growth. Some of the major restraints associated with the market are stringent government regulations associated with sugary drinks, additives, and preservatives causing hazardous health effects such as obesity, diabetes, and high blood pressure.
However, several companies have launched sugar-free drinks and diet & low caffeine content drinks due to advancements in R&D activities. Furthermore, companies develop organic drinks with natural preservatives and additives. For instance, Blue Sky Beverage Co. manufactures natural beverages without preservatives or artificial colors or flavors. These new developments are projected to propel the market growth during the forecast period. Government regulations associated with alcohol beverages and growth in disposable income in the emerging economies are the prime factors that result in significant growth in demand for non-alcoholic beverages. However, rise in awareness toward adverse health impacts due to excessive intake of drinks is projected to hamper the market growth during the forecast period.
The non-alcoholic drinks market is segmented based on the product type and geography. By product type, the market can be segmented into soft drinks, tea & coffee, energy drinks, juices, bottled water, dairy drinks, and others. By distribution channel, the study covers supermarket/hypermarket, convenience stores, specialty stores, online retails, and others. By price point, the market is segmentedinto standard, premium, and luxury categories. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings Of The Study
- By product type, the market size of soft drinkssegment remainedthe dominant segment in the year 2020, and is expected to maintain the market share in the coming years
- Soft drinks account for nearly 45.87% and 5140%, by revenue and volume, respectively, followed by bottled water, and dairy drinks
- By distribution channel, specialty store is the fastest growing segment owing to the increasing interest in customized products that are offering more honey-sweetened foods and drinks
- By price point, premium category is anticipated to grow with thehighest CAGR during the forecast period
- By region, Asia-Pacificledin terms of the global non-alcoholic drinks market share in 2020, and is expected to retain its dominance during the forecast period
- Key players profiled in the report include A.G. Barr, Dr. Pepper Snapple Group, DydoDrinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestlé S.A., PepsiCo, Inc., and the Coca-Cola Company. Other major players (not profiled in report) in the industry are Kraft Foods Group, Inc, Suja Life, LLC, FreshBev, Pressed Juicery, Suntory Beverage & Food, Unilever, Asahi Group, Jacobs Douwe Egberts, and Kirin Holdings Co
Companies Mentioned
- A.G. Barr
- Dr. Pepper Snapple Group
- DydoDrinco
- Attitude Drinks, Co.
- Livewire Energy
- Calcol, Inc.
- Danone
- Nestlé S.A.
- PepsiCo, Inc.
- the Coca-Cola Company.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
