The increasing prevalence of various acute and chronic diseases has encouraged people to adopt a healthy lifestyle. These habits include regular exercise and fitness and the consumption of nutritional food and beverage products. The rising inclination towards a healthy lifestyle and eating habits is the key factor promoting the global non-alcoholic beverages industry growth. In addition to this, the increasing popularity of refreshment drinks and the advent of innovative flavors and tastes will add a boost to the growth of the industry in the forecast period.
On the contrary, the fluctuating prices of raw materials to make non-alcoholic beverages and fluctuation in its availability, especially for seasonal fruits may cause major hindrances to the industry in the coming years. Nevertheless, the evolution of e-commerce platforms and the rising production of soft drinks to suffice to the needs of the consumers are likely to help the industry witness lucrative growth opportunities in the forthcoming years.
Increasing Popularity of Refreshment Drinks to Aid in Favor
The global non-alcoholic beverages industry size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. The value of this industry was USD 919.13 billion in 2019 and is expected to rise at a CAGR of 8.20% between 2020 to 2027 to reach USD 1,257.77 billion by the end of 2027.
Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties
Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest non-alcoholic beverages industry share on account of its refreshing properties and cost-efficiency.
Worldwide Companies List in 2022
List of Companies Profiled in the Non-alcoholic Beverages industry Report is Dr. Pepper Snapple Group, Inc. (Texas, U.S.), Monster Beverage Corp (California, U.S.), PepsiCo, Inc. (New York, U.S.), ITO EN Ltd (Tokyo, Japan), The Coca-Cola Company (Georgia, U.S.), Reed’s, Inc. (Norwalk, U.S.), The Kraft Heinz Company (Chicago, U.S.), Appalachian Brewing Co. (Harrisburg, U.S.), Nestle S.A. (Vevey, Switzerland), Arca Continental SAB de CV (Monterrey, Mexico), Others
Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People
Among all regions, Asia Pacific held the largest non-alcoholic beverages industry share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rising in expenditure on beverage products. On the other side, the North American industry earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region.
Besides this, the European industry will witness notable growth on account of the decline in consumption of alcoholic beverages and the increasing popularity of ‘better-for-you”products, thereby promoting the consumption of healthy soft drinks.
The Research is based on the following factors:
- A 360-degree overview of the industry focusing on drivers, restraints, challenges, and upcoming opportunities
- Nature of industry and list of key players operating in the industry for non-alcoholic beverages
- Detailed list of segmentation with names and figures of leading segments
- Future of the industry
Coca-Cola Company is Dominating Industry Attributing to Continuous Innovations
The global industry for non-alcoholic beverages is consolidated in nature on account of the presence of a handful of players holding major shares such as Nestle SA, The Coca Cola Company, and PepsiCo Inc. Among these, the industry is dominated by the Coca-Cola Company accounting for the continuous innovations in their beverage products. This includes VitaminWater range, probiotic drinks, fermented drinks, and RTD beverages, among others.
In March 2019, this company launched a new drink of Jaljeera flavor into the Indian industry. Other players operating in this industry are engaging and investing heavily in innovative product launches to gain a competitive edge in the industry competition. Some others are engaging in collaborative efforts such as agreements and contracts, joint ventures, and partnerships,
Few Key Industry Developments
December 2019 – The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the industry competition.