Non-alcoholic beverage market is anticipated to augment at a CAGR of around 5.5% during the forecast period. Rising disposable income, rising millennial population bases especially in the emerging economies are some of the major factors for the growth in the market. In addition, a shift from the preference of the consumer from standard flavors (such as orange, lemon, and cola) to innovative flavors such as tropical fruits or fusion of flavors is also expected to provide a significant market growth. Moreover, substantial growth in the ready to drink/Iced beverages will be witnessed globally which will drive the non-alcoholic beverage market.

Health-issue related to alcoholic drinks is one of the major factors for the shift to non-alcoholic beverages. Moreover, high sugar content in carbonated drinks resulting in shifting toward healthy beverages. Due to this, the companies are working toward and offering low-calorie, low-sugar, and diet varieties of beverages. Besides, environmental pollution due to bottles and another packaging of non-alcoholic beverages is one of the major challenges ahead of companies and governments all across the globe. Moreover, a negative impact of the COVID-19 pandemic has been witnessed in the non-alcoholic beverage industry. Restaurants, hotels, cafes, education institutions, tourism places are among the key retail point of sales of non-alcoholic beverages. Amid lockdown, these places have to be closed due to which sales of the non-alcoholic beverage have been affected considerably.

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Market Coverage
Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Non-Alcoholic Beverage Market- Segmentation

By Type

Carbonated Beverage
Non-Carbonated Beverage

By Beverage

Soft Drink
Packaged Water
Iced/RTD Tea & Coffee
Fruit Beverages
Energy Drinks
Dairy Beverage

By Packaging

Metal
Glass Bottle
PET
Others

A full report of Non-Alcoholic Beverage Market available @ https://www.omrglobal.com/industry-reports/non-alcoholic-beverage-market

Regional Outlook  

North America

United States
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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