Canada Non-alcoholic Beverages Market Size & Outlook
Canada non-alcoholic beverages market, 2018-2030 (US$M)
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Canada non-alcoholic beverages market highlights
- The Canada non-alcoholic beverages market generated a revenue of USD 25.7 million in 2022 and is expected to reach USD 39.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.5% 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 25.7 million |
| Market revenue in 2030 | USD 39.4 million |
| Growth rate | 5.5% (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, Canada accounted for 2.2% 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 North America, U.S. non-alcoholic beverages market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 456.9 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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Canada 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 33.07% in 2022. Horizon Databook has segmented the Canada 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 non-alcoholic beverage industry in Canada is experiencing growth and increased acceptance. These offerings cater to consumers looking for unique and sophisticated choices. Beer giants are releasing non-alcoholic brews, and specialty producers are developing alternatives to spirits and non-alcoholic options are becoming more prevalent on menus and store shelves.
For instance, in October 2023, Tim Hortons and BAILEYS announced their collaboration to offer select nonalcoholic beverages and baked goods across Canada. The partnership aims to provide Canadians with the familiar and beloved flavors of Tim Hortons classics and BAILEYS, without the alcohol.
According to a study conducted by the National Institutes of Health (NIH), which surveyed 2055 participants, 73.6% reported having consumed energy drinks at some point, with breakdowns by age as follows: 57.0% among 12- to 14-year-olds, 69.4% among 15- to 17-year-olds, 77.9% among 18- and 19- year-olds, and 83.4% among 20- to 24-year-olds.
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Target buyers of Canada 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada non-alcoholic beverages market , including forecasts for subscribers. This country databook contains high-level insights into Canada non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada non-alcoholic beverages market size, by product, 2018-2030 (US$M)
Canada Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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