Global Non-alcoholic Beverages Market Size & Outlook
Global non-alcoholic beverages market, 2018-2030 (US$M)
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Global non-alcoholic beverages market highlights
- The global non-alcoholic beverages market generated a revenue of USD 1,152.0 million in 2022 and is expected to reach USD 1,997.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.1% by 2030.
- In terms of segment, carbonated soft drinks accounted for a revenue of USD 327.9 million in 2022.
- Functional Beverages is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,152.0 million |
| Market revenue in 2030 | USD 1,997.2 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Carbonated soft drinks |
| Fastest growing segment | Functional Beverages |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbonated Soft Drinks, Bottled Water, RTD Tea & Coffee, Functional Beverages, Juices, Dairy-based Beverages |
Other key industry trends
- In terms of revenue, the North America accounted for 28.4% of the global non-alcoholic beverages market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 39.4 million by 2030.
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Non-alcoholic Beverages Market Scope
Non-alcoholic Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global non-alcoholic beverages market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to non-alcoholic beverages market will help companies and investors design strategic landscapes.
carbonated soft drinks was the largest segment with a revenue share of 28.46% in 2022. Horizon Databook has segmented the Global non-alcoholic beverages market based on carbonated soft drinks, bottled water, rtd tea & coffee, functional beverages, juices, dairy-based beverages covering the revenue growth of each sub-segment from 2018 to 2030.
Nonalcoholic beverage sales depend majorly on the ability of industry players to bring diverse products to the market and distribute them through large-scale supermarkets or retailers such as Safeway, Walmart, Carrefour, etc., which have been the major distribution channels for nonalcoholic beverage products. A major factor contributing to the market's growth has been an increase in distribution channels.
Retail stores have become integral to the global economy in recent years. These stores have a competitive advantage in terms of proximity to customers and, in most cases, an extremely loyal customer base. Retail sales growth has thus become a major factor in the growth of the nonalcoholic beverages market.
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Our clientele includes a mix of non-alcoholic beverages market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global non-alcoholic beverages market , including forecasts for subscribers. This global databook contains high-level insights into Global non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global non-alcoholic beverages market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Non-alcoholic beverages market size, 2022 (USD Million)
Top 10 countries: Non-alcoholic beverages market size, 2022 (USD Million)
Global non-alcoholic beverages market, by region, 2022 (US$M)
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