The global non-alcoholic drink market size is expected to reach USD 1.6 trillion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% over the forecast period. Rising concerns over adverse effects associated with consumption of alcoholic beverages are expected to expand the use of functional beverages as alternatives. Moreover, increasing demand for healthy and nutritious on-the-go beverages has propelled the demand for wide variety of natural beverages in the market.
Functional beverages are expected to expand at the fastest CAGR of 6.0% from 2019 to 2025. Changing diet patterns among the young population owing to fast moving lifestyle have fueled the demand for functional products such as probiotic beverages. Moreover, these products are beneficial for improving gut health, bones strength, and immunity of the body. They provide essential nutrition for proper functioning metabolism and normal functioning of the body.
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North America led the market and accounted for a share of 34.5% in 2018. Over the past few years, the major players of the region have been adopting marketing strategies including innovative product launch and mergers and acquisitions in order to cater to the increasing demand for natural, less sugary, and low calorie content beverages.
For instance, in January 2019, The Coca-Cola Company launched a new range of sparkling cocktails under the brand name ‘Bar None’ in U.S. This product is available in four flavor variants including Bellini Spritz, Sangria, Ginger Mule, and Dry Aged Cider. The company has introduced these beverages as a best alternative to the alcoholic beverages in the parties.
Further key findings from the study suggest:
- By product, soft drinks held the largest share of 24.3% in 2018
- The online distribution channel is expected to expand at a CAGR of 5.6% from 2019 to 2025
- In terms of revenue, North America accounted for the largest share of 34.5% in 2018
- Asia Pacific is projected to expand at the fastest CAGR of 6.0% from 2019 to 2025 owing to product innovation and establishment of partnerships with the distributors located in developing countries including China and India
- Key players of non-alcoholic drinks market include PepsiCo, Inc.; The Coca-Cola Company; Danone S.A.; Starbucks Corporation; Nestle S.A.; Parle Agro; Suntory Beverage & Food Limited; Keurig Dr Pepper Inc.; Red Bull Gmbh; and Unilever.
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Grand View Research has segmented the global non-alcoholic drinks market on the basis of product, distribution channel, and region:
Non-alcoholic Drinks Product Outlook (Revenue, USD Billion, 2015 – 2025)
- Soft Drinks
- Bottled Water
- Tea & Coffee
- Dairy Drinks
- Functional Drinks
Non-alcoholic Drinks Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
Non-alcoholic Drinks Regional Outlook (Revenue, USD Billion, 2015 – 2025)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Browse Related Report:
Carbonated Soft Drinks Market: www.grandviewresearch.com/industry-analysis/carbonated-soft-drinks-market
Functional Drinks Market: www.grandviewresearch.com/industry-analysis/functional-drinks-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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