Asia Pacific Non-alcoholic Beverages Market Size & Outlook
Asia Pacific non-alcoholic beverages market, 2018-2030 (US$M)
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Asia Pacific non-alcoholic beverages market highlights
- The Asia Pacific non-alcoholic beverages market generated a revenue of USD 383.0 million in 2022.
- The market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, carbonated soft drinks was the largest revenue generating product in 2022.
- Functional Beverages is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 383.0 million |
| Market revenue in 2030 | USD 698.0 million |
| Growth rate | 7.8% (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 |
| Key market players worldwide | Nestle SA, PepsiCo Inc, Unilever PLC, Keurig Dr Pepper Inc, Coca-Cola Co, Jones Soda Co, Danone SA, Suntory Beverage & Food Ltd, Asahi Group Holdings Ltd, Red Bull |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.2% of the global non-alcoholic beverages market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 698.0 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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Asia Pacific 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 23.97% in 2022. Horizon Databook has segmented the Asia Pacific 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.
The Asia Pacific region, particularly its emerging and developing markets, is a significant contributor to the volume and value growth of the non-alcoholic drinks market. This growth spans various categories, including soft and hot drinks and dairy and its alternatives.
The growing awareness of the need for an active lifestyle, given the prevalence of lifestyle diseases, has encouraged consumers to opt for healthy and sugar-free drinks. In addition, the high prevalence of lactose intolerance in countries like Japan and South Korea has driven the demand for alternative dairy beverages.
A large group of millennials and Gen Z population across Asia tends to favor unique and innovative non-alcoholic beverage choices like bubble tea, energy drinks, artisanal coffees, and juices. For instance, in September 2022, Taiwanese instant DIY bubble tea brand BOBA CHiC expanded its operations internationally.
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Target buyers of Asia Pacific non-alcoholic beverages market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific non-alcoholic beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific non-alcoholic beverages market size, by country, 2018-2030 (US$M)
Asia Pacific Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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