U.S. Non-alcoholic Beverages Market Size & Outlook
U.S. non-alcoholic beverages market, 2018-2030 (US$M)
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U.S. non-alcoholic beverages market highlights
- The U.S. non-alcoholic beverages market generated a revenue of USD 263.8 million in 2022 and is expected to reach USD 456.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.1% 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.
Non-alcoholic beverages market data book summary
| Market revenue in 2022 | USD 263.8 million |
| Market revenue in 2030 | USD 456.9 million |
| Growth rate | 7.1% (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, U.S. accounted for 22.9% 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 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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U.S. 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 34.19% in 2022. Horizon Databook has segmented the U.S. 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 U.S. non-alcoholic beverage market is experiencing notable growth, driven by a combination of healthy and innovative product offerings. Younger generations, especially Gen Z, are increasingly health conscious and show less interest in consuming alcohol than previous generations.
The market has also seen a surge in innovative non-alcoholic beverages, such as spirit-free cocktails and a wide range of fruit juices, offering complex and sophisticated flavors. This cultural shift has spurred significant innovation and growth in the non-alcoholic beverage segment.
Consumers now have access to an ever-expanding selection of premium non-alcoholic options, from artisanal mocktails and craft sodas to cold-pressed juices and sparkling botanical waters. Mainstream restaurants and bars have also expanded their non-alcoholic menus, catering to the growing demographic of customers who still want to socialize without drinking alcohol.
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Target buyers of U.S. 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 U.S. non-alcoholic beverages market , including forecasts for subscribers. This country databook contains high-level insights into U.S. non-alcoholic beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. non-alcoholic beverages market size, by product, 2018-2030 (US$M)
U.S. Non-alcoholic Beverages Market Outlook Share, 2022 & 2030 (US$M)
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