Brazil Non-alcoholic Beverages Market Size & Outlook
Brazil non-alcoholic beverages market, 2018-2030 (US$M)
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Brazil non-alcoholic beverages market highlights
- The Brazil non-alcoholic beverages market generated a revenue of USD 36.7 million in 2022 and is expected to reach USD 59.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.3% 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.
Non-alcoholic beverages market data book summary
| Market revenue in 2022 | USD 36.7 million |
| Market revenue in 2030 | USD 59.7 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Carbonated soft drinks |
| Fastest growing segment | Functional Beverages |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 3.2% of the global non-alcoholic beverages market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil non-alcoholic beverages market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 59.7 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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Brazil 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 34.06% in 2022. Horizon Databook has segmented the Brazil 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.
There is a growing trend toward healthier lifestyles, with a notable emphasis on reducing alcohol consumption. A substantial percentage of the consumer base actively seeks to limit their alcohol intake, often choosing moderation or complete abstinence.
An article from 2022 on Ambev's media portal underscores the heightened demand for low-alcohol drinks, with over 82% of Brazilian consumers expressing a desire to moderate their alcohol consumption. Reasons cited include concerns about health impacts, adherence to exercise and sports routines, and safety considerations.
The wellness movement and the increasing adoption of vegetarian, ketogenic, or paleo diets in Brazil align with the preferences for non-alcoholic choices driven by consumers aiming to fulfill nutrition goals. According to the National Health Survey in Brazil, 9.2% of the adult population regularly consumes soft drinks, with this habit being more prevalent among men and the younger population.
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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 country-level data and insights on the Brazil non-alcoholic beverages market , including forecasts for subscribers. This country databook contains high-level insights into Brazil non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil non-alcoholic beverages market size, by product, 2018-2030 (US$M)
Brazil Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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