North America Non-alcoholic Beverages Market Size & Outlook
North America non-alcoholic beverages market, 2018-2030 (US$M)
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North America non-alcoholic beverages market highlights
- The North America non-alcoholic beverages market generated a revenue of USD 327.4 million in 2022.
- The market is expected to grow at a CAGR of 6.9% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 327.4 million |
| Market revenue in 2030 | USD 558.2 million |
| Growth rate | 6.9% (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, North America region accounted for 28.4% 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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North 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 34.06% in 2022. Horizon Databook has segmented the North 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.
The non-alcoholic beverage market in North America has witnessed significant growth, driven by several key factors. A pronounced shift toward health and wellness has prompted consumers to seek healthier alternatives, positioning non-alcoholic beverages as a preferred choice.
In addition, there has been a notable shift toward non-alcoholic beverages, particularly among younger generations like Gen Z, who show less interest in drinking alcohol compared to previous generations. This trend is also part of a broader wellness movement, with people of all ages trying to take better care of themselves, both physically and mentally.
According to the Economic Research Service (ERS) data on food supply, encompassing both at-home and away-from-home beverage consumption, most fruit juices (82.3 percent) were consumed at home. In contrast, a significant portion of soft drinks (60.2 percent) and bottled water choices (69.1 percent) were consumed away from home in the U.S.
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Target buyers of North 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America non-alcoholic beverages market , including forecasts for subscribers. This continent databook contains high-level insights into North America non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America non-alcoholic beverages market size, by country, 2018-2030 (US$M)
North America Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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