South Africa Non-alcoholic Beverages Market Size & Outlook
South Africa non-alcoholic beverages market, 2018-2030 (US$M)
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South Africa non-alcoholic beverages market highlights
- The South Africa non-alcoholic beverages market generated a revenue of USD 19.7 million in 2022 and is expected to reach USD 32.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% 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 19.7 million |
| Market revenue in 2030 | USD 32.9 million |
| Growth rate | 6.6% (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, South Africa accounted for 1.7% 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 Middle East & Africa, South Africa non-alcoholic beverages market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 32.9 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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South Africa 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 25.89% in 2022. Horizon Databook has segmented the South Africa 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 popularity of non-alcoholic beverages has risen notably among younger consumers, especially the Gen Z demographic. This group tends to view drinking differently than previous generations, showing less interest in alcohol consumption.
This health-focused mindset has led to a growing demand for non-alcoholic options, allowing people to prioritize their health while not completely forsaking alcoholic beverages. The consumer base for no/low-alcohol beverages is maturing, with Gen Z being the largest age group.
According to BMC Medicine, in 2020, South Africa's total sales of alcohol-free beverages reached 1.34 million cases, with beer constituting the largest share. COVID-19- induced alcohol sales restrictions and a growing awareness of alcohol-free drinks partly influenced this trend.
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Target buyers of South Africa 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 South Africa non-alcoholic beverages market , including forecasts for subscribers. This country databook contains high-level insights into South Africa non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa non-alcoholic beverages market size, by product, 2018-2030 (US$M)
South Africa Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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