India Non-alcoholic Beverages Market Size & Outlook
India non-alcoholic beverages market, 2018-2030 (US$M)
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India non-alcoholic beverages market highlights
- The India non-alcoholic beverages market generated a revenue of USD 44.6 million in 2022 and is expected to reach USD 82.4 million by 2030.
- The India market is expected to grow at a CAGR of 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.
Non-alcoholic beverages market data book summary
| Market revenue in 2022 | USD 44.6 million |
| Market revenue in 2030 | USD 82.4 million |
| Growth rate | 8% (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, India accounted for 3.9% 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 Asia Pacific, China non-alcoholic beverages market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 274.0 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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India 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 37.44% in 2022. Horizon Databook has segmented the India 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.
India's rising middle class and affluent consumers have higher disposable incomes, enabling them to spend more on premium non-alcoholic drinks than regular soft drinks. This includes non-alcoholic beers, wines, cocktails, etc. Many homegrown brands have evolved to capture the taste of millennials, who are indulging more in guilt-free options.
In March 2022, Diageo India launched two new carbonated mixers, the Johnnie Walker Refreshing Mixer and Black & White Ginger Ale, to cater to the evolving drinking culture in India. These non-alcoholic beverages are designed to enhance the flavors of mixed drinks and meet the growing demand for refreshing non-alcoholic options.
The energy drink market in India, while still in its early stages compared to more established markets, is experiencing significant growth. Over the past few years, the sector has seen impressive annual growth rates ranging from 10% to 25%.
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Target buyers of India 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 country-level data and insights on the India non-alcoholic beverages market , including forecasts for subscribers. This country databook contains high-level insights into India non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India non-alcoholic beverages market size, by product, 2018-2030 (US$M)
India Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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