Europe Non-alcoholic Beverages Market Size & Outlook
Europe non-alcoholic beverages market, 2018-2030 (US$M)
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Europe non-alcoholic beverages market highlights
- The Europe non-alcoholic beverages market generated a revenue of USD 274.3 million in 2022.
- The market is expected to grow at a CAGR of 6.7% 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, Italy is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 274.3 million |
| Market revenue in 2030 | USD 460.4 million |
| Growth rate | 6.7% (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, Europe region accounted for 23.8% 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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Europe 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 26.47% in 2022. Horizon Databook has segmented the Europe 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.
Manufacturers in the non-alcoholic drinks space are responding to changes in consumer preferences. Furthermore, many established alcohol brands are creating non-alcoholic versions of popular alcoholic beverages, like gin and tonic or rum and coke.
Moreover, according to the Union of European Soft Drinks Associations (UNESDA), in 2019, the average per-person consumption of soft drinks in Europe stood at 243.9 liters. Among the countries, Germany recorded the highest per capita consumption at 336.3 liters, followed by Hungary with 310.3 liters, and Belgium with 272.4 liters.
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Target buyers of Europe 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 Europe non-alcoholic beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Europe non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe non-alcoholic beverages market size, by country, 2018-2030 (US$M)
Europe Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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