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China Non-Alcoholic Beverages Market Size, Share, Sales Analysis, Forecast 2024-2032

02-02-2024 08:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

China Non-Alcoholic Beverages Market Latest Report 2024-2032

China Non-Alcoholic Beverages Market Latest Report 2024-2032

IMARC Group, a leading market research company, has recently releases report titled "China Non-Alcoholic Beverages Market Report by Product Type (Carbonated Soft Drinks, Juices, Bottled Water, Sports & Energy Drinks, Ready to Drink (RTD) Teas & Coffees, and Others), Packaging Type (Bottles, Cans, Cartons, and Others), Distribution Channel (Supermarkets and Hypermarkets, Food Service and Drinking Places, Convenience Stores, Vending Machines, and Others) 2024-2032". The study provides a detailed analysis of the industry, including the global sodium chlorate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the China Non-alcoholic Beverages Market?

The China non-alcoholic beverages market size reached US$ 158.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 282.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.

Request For a PDF Sample Report: https://www.imarcgroup.com/china-non-alcoholic-beverages-market/requestsample

Factors Affecting the Growth of the China Non-Alcoholic Beverages Industry:

Evolving consumer preference:

The changing consumer preferences play a pivotal role in shaping the non-alcoholic beverages market in China. As disposable incomes rise and lifestyles evolve, consumers are increasingly seeking diverse and innovative beverage options. Traditional Chinese drinks like tea and herbal concoctions are still popular, but there is a growing demand for novel and international flavors. This shift in preferences is fueled by globalization, urbanization, and exposure to different cultures through media and travel. As a result, multinational and local beverage companies are investing in research and development (R&D) to introduce new and exciting non-alcoholic beverages to cater to the evolving tastes of consumers.

Rapid urbanization:

Urbanization is another key factor driving the growth of the non-alcoholic beverages market in China. The rapid pace of urbanization has led to changes in lifestyle, work patterns, and the overall consumption habits of the population. Urban areas typically witness a higher demand for convenient and on-the-go beverage options, such as ready-to-drink (RTD) beverages and packaged drinks. Moreover, the rise of modern retail channels, including supermarkets, convenience stores, and e-commerce platforms, has made non-alcoholic beverages more accessible to urban consumers. The convenience factor, coupled with the availability of a wide range of products, contributes significantly to the expansion of the market in urban centers.

Increasing health consciousness among consumers:

The escalating health consciousness among consumers is acting as another significant growth-inducing factor. With a growing awareness of health and wellness, consumers are increasingly seeking beverages that offer functional benefits and are perceived as healthier options. This trend has led to a surge in demand for beverages with natural ingredients, low sugar content, and functional additives like vitamins and antioxidants. As the population in the region becomes more health-conscious, there is a rising preference for beverages that align with wellness trends, such as herbal teas, plant-based drinks, and low-calorie options, creating a positive outlook for market expansion.

Leading Companies Operating in the China Non-Alcoholic Beverages Industry:

• Coca-Cola China Beverages Ltd
• Danone Asia-Pacific Management Co Ltd (Danone S.A.)
• Hangzhou Wahaha Group Co., Ltd.
• Master Kong Holdings Limited (Tingyi (Cayman Islands) Holding Corp.)
• Mondelez (China) Co., Ltd. (Mondelez International, Inc.)
• Nestle (China) Ltd.
• PepsiCo (China) Limited
• Shanghai DyDo DRINCO, Inc. (DyDo Group Holdings, Inc.)
• Suntory Huiyuan (Shanghai) Beverage Co., Ltd (Suntory Holdings Limited)
• Uni-President China Holdings Limited

Key Market Segmentation:

The report is organized into distinct sections as follows:

Breakup by Product Type:

• Carbonated Soft Drinks
• Juices
• Bottled water
• Sports & Energy Drinks
• Ready to Drink (RTD) Teas & Coffees
• Others

Based on the product type, the market is segmented into carbonated soft drinks, juices, bottled water, sports and energy drinks, ready-to-drink (RTD) teas and coffees, and others.

Breakup by Packaging Type:

• Bottles
• Cans
• Cartons
• Others

On the basis of packaging type, the market has been categorized into bottles, cans, cartons, and others.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Food Service and Drinking Places
• Convenience Stores
• Vending Machines
• Others

Based on the distribution channel, the market is divided into supermarkets and hypermarkets, food service and drinking places, convenience stores, vending machines, and others.

China Non-Alcoholic Beverages Market Trends:  

The increasing focus on sustainability and eco-friendly practices prompting beverage companies to adopt sustainable packaging solutions and promote eco-friendly production processes is providing an impetus to the market growth. Besides this, the surge in demand for functional beverages formulated with ingredients, such as vitamins, minerals, and herbal extracts that offer specific health benefits, reflecting a growing interest in beverages is aiding in market expansion.

Additionally, the rising popularity of personalized and customizable drink options offering tailored flavors, sweetness levels, and nutritional components according to individual preferences is presenting remunerative opportunities for market expansion.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3797&flag=C

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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