Non-alcoholic Beverages Market to be Worth $1,185.30 Billion by 2030: Grand View Research, Inc.

Read full market research report for more Insights, "Non-alcoholic Beverages Market Size, Share & Trends Analysis Report By Product (Water, Bubble/Sparkling Water), By Distribution Channel (Retail, Food Service), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. Read full market research report for more Insights, " Non-alcoholic Beverages Market Size, Share & Trends Analysis Report By Product (Water, Bubble/Sparkling Water), By Distribution Channel (Retail,...

Read full market research report for more Insights, "Non-alcoholic Beverages Market Size, Share & Trends Analysis Report By Product (Water, Bubble/Sparkling Water), By Distribution Channel (Retail, Food Service), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Non-alcoholic Beverages Market Growth & Trends

Brands globally have been innovating new products with new flavors and premium flavors in product categories, such as carbonated beverages, bottled water, and tea & coffee, which would further support the category growth. For instance, in May 2021, Danone S.A. launched the first flavored and sparkling line from its Evian bottled water brand in the U.S., available in four flavors such as Raspberry & Ginseng, Lime & Ginger, Grapefruit & Basil, and Cucumber & Mint.

In terms of product, the bottled water segment is expected to be the fastest-growing segment during the forecast period. Product launches in this segment by key players in the market are likely to supplement the overall segment growth. For instance, in July 2020, Dutch-based brand Bottle Up launched its product offering in the U.K. with its pre-filled, reusable, BPA-free, and plant-based water bottles. The bottles would be available in 438 WHSmith locations across U.K., including the train station and airport locations, such as Manchester Piccadilly, Euston, Heathrow, Luton, Waterloo, Victoria, and several hospitals.

The retail distribution channels held the largest share in 2021 and are expected to remain dominant during the forecast period. The rise in demand for non-alcoholic beverages or zero-alcohol drinks by the consumers has made these retailers hold a larger share of such products by different brands such as Welch, Budweiser, Busch, and Great Value, especially in supermarkets such as Aldi, Whole Foods, and Walmart.

The non-alcoholic beverages market is consolidated in nature with the presence of a large number of international players and few regional players. Nestlé, PepsiCo, Unilever, Keurig Dr Pepper Inc., The Coca-Cola Company, Cott Corporation, Danone S.A., SUNTORY BEVERAGE & FOOD LIMITED, Asahi Group Holdings, Ltd., and Red Bull are among the prominent players in the global market.

Non-alcoholic Beverages Market Segmentation

Grand View Research has segmented the global non-alcoholic beverages market based on product, distribution channel, and region

Non-alcoholic Beverages Market - Product Outlook (Revenue, USD Billion, 2017 - 2030)

Non-alcoholic Beverages Market - Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

Non-alcoholic Beverages Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)

List of Key Players in the Non-alcoholic Beverages Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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