The global non-alcoholic beverage market is anticipated to grow at a significant CAGR during the forecast period. The key factors driving the growth of the global non-alcoholic beverage market include the rising disposable income and growing health-related concerns towards alcoholic beverages. In addition to this, the changing consumer preference towards innovative flavors such as fusion of flavors or tropical fruits from the standard fruit flavors is anticipated to drive the market growth. Moreover, concerns regarding the high sugar content in carbonated beverages are urging people to shift towards healthy non-alcoholic beverages.
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The COVID-19 pandemic has negatively impacted the global non-alcoholic beverage market, as the downfall in sales and consumption of non-alcoholic beverages was seen. The supply chain got disrupted and also the retailers selling the beverages were closed during the lockdown, imposed owing to the COVID-19 pandemic. In addition to this, many sports events promoting non-alcoholic beverages were cancelled, which impacted the sales of non-alcoholic beverages. In addition, the closed down of restaurants, hotels, cafes, and tourism has negatively impacted the industry.
The key players contributing to the growth of the global non-alcoholic market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Nestle SA, Lactalis International, and Danone S.A., Asahi Group Holdings, Ltd., Keurig Dr. Pepper Inc., Parle Agro Pvt. Ltd., and the Hangzhou Wahaha Group Co., Ltd. DMK GROUP, Fonterra Co-operative Group Ltd., among others. For instance, Nestle SA, in 2019, generated revenue of $96.6 billion. The powdered and liquid beverage segment alone accounted for $24.3 billion.
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Market Coverage
- Segment Covered-
o By Type
o By Beverage
o By Packaging
- Competitive Landscape- Nestle SA, Lactalis International, and Danone S.A., Asahi Group Holdings, Ltd., Keurig Dr Pepper Inc., Parle Agro Pvt. Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Non-Alcoholic Beverage Market by Segment
By Type
- Carbonated Beverage
- Non-Carbonated Beverage
By Beverage
- Soft Drink
- Packaged Water
- Iced/RTD Tea & Coffee
- Fruit Beverages
- Energy Drinks
- Dairy Beverage
By Packaging
- Metal
- Glass Bottle
- PET
- Others
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