Non-Alcoholic Drinks Market to Grow at CAGR of 5.8% through

Newark, Nov. 08, 2022 (GLOBE NEWSWIRE) — According to The Brainy Insights, the non-alcoholic beverages market will grow at a CAGR of 5.8% from 2022-2030. Changing consumer trends and increasing health awareness are driving the demand for non-alcoholic beverages market. The focus of millennials and Gen Z has shifted to non-alcoholic beverages as most consumers are trying to cut down on alcohol due to its long-term negative impact on the mind and body.

Demand for natural, organic, non-gmo, gluten-free and sugar-free beverages has increased in the category including juice, RTD coffee and tea, and non-alcoholic beer. This drives product innovation in all these product segments. Additionally, increasing demand for vitamin and mineral enriched bottled water is likely to boost market growth during the forecast period.

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RTD tea and coffee drinks have witnessed several product launches and innovations. For example, in July 2022 Dilmah launched RTD bottled iced tea in Malaysia. It is made with Ceylon leaves and honey with no preservatives. Moreover, the tea is rich in antioxidants and has low calories, and is aimed at health-conscious consumers.

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Increased online shopping among consumers due to easy browsing of various products from the comfort of home, hassle-free home delivery and exchange, multiple payment modes and discount offers are expected to increase the purchase of non-alcoholic beverages through websites and – commerce both. D2C and third-party platforms such as Amazon, Nature’s Basket, Carrefour, Lazada, and others.
The non-alcoholic beverage market is a mature market with many multinational players, however, consumer trends for a healthier version of beverages have shaped the growth of this market. Thus, manufacturers are launching various products to meet the changing needs of consumers. For example, in August 2022, ió Fiberwater introduced prebiotic-infused water in the UK. The water has been developed to provide 20% of the recommended daily intake of dietary fiber.

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The key players

1. The Coca Cola Company
2. Nestlé
3. Starbucks
4. PepsiCo
5. SUNTORY HOLDINGS LIMITED
6. Unilever
7. Keurig Dr. Pepper Inc.
8. Capri Sun AG
9. Cott Corporation
10. Danone
11. Asahi Group Holdings, Ltd.
12. Ocean Spray
13. National Beverage Corp.
14. Gerolsteiner Brunnen GmbH & Co. KG

Market segmentation

• Product Insights

o Bottled water
o Carbonated drinks
o RTD Tea & Coffee
o juice
o Other people

• Distribution Channel Insights

o Retail
o Supermarkets and Supermarkets
o Internet
o Other people
o Food Service

Regional Insights

o North America
or US
o Canada
or Mexico
o Europe
or Germany
o UK
o France
o Italy
o Spain
o Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Central and South America
o Brazil
o Argentina
o Middle East and Africa
o South Africa
o UAE
o Saudi Arabia

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About the report:

The market is analyzed based on value (USD billion). All segments were analyzed on a global, regional, and country basis. The study includes analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges to gain critical insight into the market. The study includes Porter’s five forces model, market analysis, product analysis, supply and demand analysis, competitive position gray analysis, distribution, and marketing channel analysis.

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About Brainy Insights:

The Brainy Insights is a market research company, which aims to provide companies with actionable information through data analysis to improve their business insights. We have a robust forecasting and estimation model to meet clients’ goals of high quality production in a short time. We provide both customized reports (customer specific) and syndicated reports. Our repository of syndicated reports is diverse across categories and subcategories across domains. Our customized solutions are tailored to meet customer requirements whether they are looking to expand or plan to launch a new product in the global market.

Contact us

Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: [email protected]
Web: http://www.thebrainyinsights.com

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