Non-Alcoholic Beverage Market
Non-alcoholic beverages, also known as mocktails or alcohol-free drinks, have gained popularity in recent years as healthy and refreshing alternatives.
NEW YORK, BROOKLYN, UNITED STATES, March 4, 2024 /EINPresswire.com/ -- The latest report by IMARC Group, titled “Non-Alcoholic Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global non-alcoholic beverage market size reached US$ 928.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,400.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
A non-alcoholic beverage is a drink that is alcohol-free, such as mocktails, tea, energy drink, shakes, milk, coffee, soda, juice, and smoothies. It is a rich source of proteins, vitamins, fiber, and minerals; offers numerous health benefits; and reduces the risk of various diseases. It also has antioxidants that prevent heart attack, stroke, and coronary artery disease. Besides this, it relaxes the mind by lowering anxiety and stress levels, enhances the digestive system, improves immunity, and reduces inflammation.
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Non-Alcoholic Beverage Market Trends and Drivers:
At present, the rising popularity of refreshment drinks among the masses, along with inflating income levels of individuals, represents one of the primary factors strengthening the growth of the market. Besides this, the growing consumer preference for healthy beverages enriched with several nutrients without any chemical ingredients is offering a positive market outlook. Apart from this, the increasing demand for ready-to-drink (RTD) non-alcoholic beverages due to the hectic and busy lifestyles of individuals around the world is positively influencing the market . Moreover, the wide availability of non-alcoholic beverages through different distribution channels, such as hypermarkets and supermarkets, specialty stores, and online stores, is bolstering the growth of the market . Furthermore, key manufacturers are investing in research and development (R&D) activities to introduce fruit and herbal, green and black teas, and flavored kombucha with natural ingredients, which is contributing to the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
Carbonated Soft Drinks
JuicesBottled WaterSports and Energy DrinksRTD Tea and CoffeeOthers
Packaging Type Insights:
BottlesCansCartonsOthers
Distribution Channel Insights:
RetailFood ServiceSupermarkets and HypermarketsOnline StoresOthers
Market Breakup by Region:
North America (United States, Canada)Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa
Competitive Landscape with Key Player:
Arizona Beverage CompanyAsahi Group Holdings Ltd.Danone S.A.Keurig Dr Pepper Inc.Nestlé S.A.Parle Agro Pvt. Ltd.PepsiCo Inc.Primo Water CorporationRed Bull GmbHSuja Life LLCSuntory Beverage & Food LimitedThe Coca-Cola Company.
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Elena AndersonIMARC Services Private Limited+1 631-791-1145email us here Article originally published on www.einpresswire.com as Non-Alcoholic Beverage Market Size, Share, Trends, Demand and Opportunity 2024-2032
