Can the Non-Alcoholic Drinks Market Quench the Thirst for Healthier Options by 2032?

from Can the Non-Alcoholic Drinks Market Quench the Thirst for Healthier Options by 2032?

As consumer acceptance of the no-alcohol and low-alcohol categories continues to rise, manufacturers within the market are actively aligning with these emerging trends, employing innovative approaches to evolve their existing product portfolios. This strategic move sets a positive trajectory for future growth prospects. The influence of consumers gravitating towards non-alcoholic beverages has spurred the creation of a distinct segment of premium, intricately flavored soft drinks tailored to mature palates. A study like the Waitrose Food and Drink Report from October 2021 reveals a consistent yearly increase of 22% in searches for alcohol-free drinks, underscoring the demand shift.

Global Non-Alcoholic Drinks Market size was valued at USD 1.5 trillion in 2023 and is poised to grow from USD 1.59 trillion in 2024 to USD 2.58 trillion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).

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Brands have been quick to respond to these evolving trends by introducing novel offerings or expanding their current product lines. A noteworthy example is U.S.-based tea brand Good Earth, which broadened its U.K. product range in May 2020. Their portfolio encompasses an array of fruit & herbal, green, and black teas, alongside original and flavored kombucha variants, all blended with natural ingredients. Furthermore, the 2022 Bacardi Cocktail Trends Report discloses that approximately 58% of global consumers are transitioning towards non-alcoholic and low-ABVcocktails and beverages.

Market Segmentation:

Global Non-Alcoholic Drinks Market is segmented by Product, Type, Distribution Channel, Price Point and region.

Based on Product, the market is segmented into Soft Drinks, Bottled Water, Tea & Coffee, Juice, Dairy Drinks, Functional Drinks and Others.

Based on Type, the market is segmented into Carbonated Drinks, Non-carbonated Drinks.

Based on Distribution Channel, the market is segmented into Offline and Online.

Based on Price Point, the market is segmented into Standard, Premium and Luxury.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Non-Alcoholic Drinks Market Key Players:

The Coca-Cola Company (United States)

PepsiCo, Inc. (United States)

Nestle S.A. (Switzerland)

Keurig Dr Pepper Inc. (United States)

Suntory Holdings Limited (Japan)

Danone S.A. (France)

The Starbucks Corporation (United States)

Red Bull GmbH (Austria)

Monster Beverage Corporation (United States)

Ocean Spray Cranberries, Inc. (United States)

Essential regions of the Non-Alcoholic Drinks market are:

• Non-Alcoholic Drinks North America Market includes (Canada, Mexico, USA)

• Non-Alcoholic Drinks Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)

• Non-Alcoholic Drinks Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)

• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)

• Non-Alcoholic Drinks South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?

2. Who are the major manufacturers who dominate the world market?

3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?

4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Non-Alcoholic Drinks industry.

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Objectives of the Study:

• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)

• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)

• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market

• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis

• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments

• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders

• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

Looking ahead, the Non-Alcoholic Drinks Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Non-Alcoholic Drinks Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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Can the Non-Alcoholic Drinks Market Quench the Thirst for Healthier Options by 2032?