Market Overview

Market Research Future (MRFR) announces the publication of its Research Report Global Non-Alcoholic RTD Beverages Market, 2017–2024. Non-alcoholic RTD beverages are on-the-go drinks that are premixed and ready for consumption. The global non-alcoholic RTD beverages market is expected to reach a market value of USD 800 billion by 2024 at a CAGR of 4.5% during the forecast period of 2019 to 2024. Market players are expected to witness lucrative opportunities during the forecast period owing to the increasing consumer preference for new flavored drinks. The rising demand is also encouraging market players to focus on R&D to launch new products. Moreover, manufacturers of non-alcoholic RTD beverages are addressing key market trends such as health and wellness, convenience, and on-the-go products to meet the hike in demand for non-alcoholic RTD beverages in the coming years.

Key Players

Some of the key players in the Global Non-Alcoholic RTD Beverages Market are Keurig Dr Pepper Inc. (US), The Coca-Cola Company (US), Nestlé S.A. (Switzerland), Danone S.A. (France), Yakult Honsha Co., Ltd. (Japan), Suntory Holdings Limited (Japan), The Republic of Tea (US), Ting Hsin International Group (Taiwan), DRY Soda Company (US), PepsiCo (US), Starbucks Corporation (US), Big Easy Blends, LLC (US), Lotte Chilsung Beverage Co. Ltd (South Korea), Monster Energy (US), and POKKA SAPPORO Food & Beverage Ltd. (Japan).

Regional Analysis

The global non-alcoholic RTD beverages market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to account for the lion’s share of the global non-alcoholic RTD beverages market during the research period due to the changing consumer preferences toward healthy and natural beverages. The presence of several non-alcoholic RTD beverage manufacturers in the region is also a crucial determinant fueling the growth of the regional market. Additionally, the high per capita consumption of soft drinks in the US is fueling the growth of the regional market. Mexico and the US are the major markets contributing to the growth of the non-alcoholic RTD beverages market in North America.The market in Asia-Pacific is expected to register the highest growth rate during the forecast period owing to the increasing presence of non-alcoholic RTD beverage manufacturers in the region.

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Market Segment

The global non-alcoholic RTD beverages market has further been segmented by type, packaging type, and distribution channel.

By type, the global non-alcoholic RTD beverages market has been classified as functional beverages, carbonated soft drinks, tea and coffee, fruit and vegetable juices, flavored and fortified water, dairy-based beverages, and others. The functional beverages segment has further been divided into sports/energy drinks, probiotic and prebiotic drinks, and others. The carbonated soft drinks segment accounted for the largest revenue share in 2018. However, the fruit and vegetable juices segment is expected to register the highest growth rate during the forecast period.