Latin America Non-alcoholic Beverages Market Size & Outlook
Latin America non-alcoholic beverages market, 2018-2030 (US$M)
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Latin America non-alcoholic beverages market highlights
- The Latin America non-alcoholic beverages market generated a revenue of USD 90.3 million in 2022.
- The market is expected to grow at a CAGR of 6.1% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 90.3 million |
| Market revenue in 2030 | USD 144.8 million |
| Growth rate | 6.1% (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, Latin America region accounted for 7.8% 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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Latin America 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 34.33% in 2022. Horizon Databook has segmented the Latin America 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.
Non-alcoholic drinks are gaining traction among consumers in Central and South America due to several factors, including changing consumer preferences, health concerns, and the growth of the food and beverage industries.
With a shift toward healthier beverage choices among consumers in Central & South America, there is a notable demand for coconut water, given that 48% of consumers incorporate coconut water into their beverage preferences.
The growing e-commerce sector in the region is also facilitating the sale of these beverages through online platforms, contributing to the market's expansion. Beverage giants like The Coca-Cola Company, Ambev, and Grupo Modelo have introduced exotic non-alcoholic drinks made from regional super fruits or with natural ingredients. Brands leverage consumer desire for new experiences through innovation.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America non-alcoholic beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America non-alcoholic beverages market size, by country, 2018-2030 (US$M)
Latin America Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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