Mexico Non-alcoholic Beverages Market Size & Outlook
Mexico non-alcoholic beverages market, 2018-2030 (US$M)
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Mexico non-alcoholic beverages market highlights
- The Mexico non-alcoholic beverages market generated a revenue of USD 37.9 million in 2022 and is expected to reach USD 62.0 million by 2030.
- The Mexico 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 37.9 million |
| Market revenue in 2030 | USD 62.0 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, Mexico accounted for 3.3% 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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Mexico 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 34.04% in 2022. Horizon Databook has segmented the Mexico 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.
Mexican consumers are increasingly health-conscious, seeking alternatives to sugary sodas and beverages. Non-alcoholic options such as flavored seltzer waters, juices, and tea-based drinks are perceived as healthier alternatives. To meet this demand, brands have responded by offering low-sugar, low-calorie choices.
The drink is made from Blue Agave and follows the techniques used to produce Tequila. Hamilton has been working on this project with Iván Saldana, co-founder and master distiller of Mexican spirits brand Casa Lumbre.
Higher incomes are associated with increased health awareness, encouraging beverage companies to invest heavily in new flavors, ingredients, and branding to make non-alcoholic drinks more appealing. This has resulted in the growth of categories such as craft sodas, cold-brew coffees, and coconut waters, offering differentiated and premium options.
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Target buyers of Mexico 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 Mexico non-alcoholic beverages market , including forecasts for subscribers. This country databook contains high-level insights into Mexico non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico non-alcoholic beverages market size, by product, 2018-2030 (US$M)
Mexico Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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