openPR Logo
Press release

Non-alcoholic Beverages Market Emerging Trends in Beverage Innovation: Exploring Opportunities in No/Low Alcohol and Enhanced Water Markets

02-21-2024 06:46 AM CET | Food & Beverage

Press release from: SNS Insider

/ PR Agency: SNS Insider
Non-alcoholic Beverages Market

Non-alcoholic Beverages Market

The Non-alcoholic Beverages Market rise of no alcohol or low alcohol beverages reflects a shift in consumer preferences towards more mindful drinking habits. Additionally, the growing awareness of the health benefits associated with bottled water consumption suggests a heightened focus on hydration and wellness among consumers.

Market Size-
The SNS Insider report indicates that the Non-alcoholic Beverages Market was valued at USD 800.9 billion in 2022, and it is projected to achieve a market size of USD 1.34 trillion by 2030, with a compound annual growth rate (CAGR) of 6.7% expected over the forecast period from 2023 to 2030.

Get a Sample of Non-alcoholic Beverages Market Report @ 

Key Players:
Kraft Foods Group, Inc., Suja Life, LLC, FreshBev, Pressed Juicery, Suntory Beverage & Food, Unilever, Asahi Group, Jacobs Douwe Egberts, Kirin Holdings Co.

Market Report Scope -
Non-alcoholic Beverages Market A wave of fundamental change and continuous evolution is taking place in the global beverage sector, which is increasingly associated with social and cultural roles on the market. With a growing trend in recent years, the market for nonalcoholic beverages has more than 50 % share of the global beverage market. Due to the increasing popularity of refreshment drinks as well as an increase in human civilization, the market provides a comprehensive view for investors in this sector.

Market Growth Factors -
Manufacturers on the market are catering to new trends and innovation of their existing portfolios, which is expected to serve as a basis for further growth due to increasing consumer acceptance of categories such as no alcohol or low alcohol beverages. The segment is expected to be driven by growing consumer awareness about the health benefits of drinking water in a bottle. Product sales are driven by a preference for bottled water over ordinary drinking water, in particular amongst young people. In order to meet their daily energy and nutrient requirements, sportsmen and athletes must eat properly. Many other people are taking part in normal exercise to maintain their health, along with athletes and sportspeople who make a living by working out. More people are enjoying exercise today because of growing concerns about health and wellbeing. Electrolytes, water and energy that are lost due to exercise or activity can be replaced by sports drinks.

Segmentation Analysis -
The largest revenue share of 28.11% in 2023 was held by the carbonate's soft drinks segment. Carbonated soft drinks are known for their effervescence and wide variety of flavour, catering to the varied tastes. Their popularity is enhanced by the convenience and availability of CSDs in different packaging sizes, which make them a popular choice for consumers who are looking to find an immediate and satisfactory quencher.
In 2023, the retail sector accounted for most of the market share. During the forecast period, this segment is expected to expand further at a faster compounded annual growth rate. Retail is made up of supermarkets, hypermarkets, internet shops and other channels. The largest share in this category is held by supermarket and hypermarkets due to the wide variety of brands and goods on offer under one roof. Several supermarkets, including Whole Foods, Target, Aldi, are increasing their selection on the alcohol-free market.

By Product Type:
• Soft Drinks
• Bottled Water
• Tea & Coffee
• Juice
• Dairy Drinks
• Others
By Distribution Channel:
• Supermarket/Hypermarket
• Convenience stores
• Specialty Stores
• Online Retails
• Others
By Price Point:
• Standard
• Premium
• Luxury

Key Regional Development -
The Asia Pacific region accounted for a market share of 33.5% in the global alcohol-free beverage industry by 2023, driven by rising demand from emerging countries like China, India, Thailand and Malaysia. Key global players are attracted to expand their operations and distribution facilities in this region by various government initiatives to develop the manufacturing sector through tax cuts, subsidies, and increasing FDI limits.
In 2023, China accounted for the largest share of the Asia Pacific market. The growing awareness of health among consumers is an important driver. Many Chinese consumers are choosing nonalcoholic beverages as a healthier alternative to traditional sugary and alcoholic beverages, as awareness of the impact of lifestyle choices on health increases. This trend is particularly noticeable among the young generation, who seek beverages that are in line with their desire to achieve a healthy balance.

Enquire about the report @  

Key Takeaway
Strong demand from fitness conscious consumers for the recovery of electrolytes and electrolytes and for the rapid supply of energy, athletes usually drink sports and energy drinks during high intensity exercise. For this reason, they are mainly used to speed up the rehydration process, provide immediate energy and improve general recovery from physical activity by athletes, gym patrons or fitness fanatics. In February 2022, for example, Applied Nutrition launched a new sports drink called LCarnitine.

Get complete report details @ 

Recent Developments -
PepsiCo opened the biggest US bottler plant in Colorado in July of 2022. The proposed power station could deliver 100% of its energy from clean sources, best in class water efficiency and reduce virgin plastic usage.
Red Bull launched a limited edition and strawberry apricotflavored extension in March 2022. Red Bull Summer Edition Strawberry Apricot was made available on Walmart's shelves in the United States from April 4, 2022, and would be sold in single cans in both 8.4oz (25cl) and 12oz (35cl) formats.

Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Global Non-alcoholic Beverages Market segmentation, by Product Type:
9. Global Non-alcoholic Beverages Market segmentation, by Distribution Channel:
10. Global Non-alcoholic Beverages Market segmentation, by Price Point:
11. Global Non-alcoholic Beverages Market, by region/ country
12. Regional Analysis
13. Company Profile
14. Competitive Landscape

Buy Complete PDF of Non-alcoholic Beverages Market Report

Akash Anand - Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Non-alcoholic Beverages Market Emerging Trends in Beverage Innovation: Exploring Opportunities in No/Low Alcohol and Enhanced Water Markets here

News-ID: 3392471 • Views:

More Releases from SNS Insider

Partner Relationship Management Market Recent Trends, Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2030
Partner Relationship Management Market Recent Trends, Future Growth, Industry An …
Partner Relationship Management (PRM) is a strategic approach that focuses on managing relationships with an organization's partners to drive mutual success. In today's dynamic business landscape, PRM solutions play a pivotal role in facilitating collaboration, enhancing communication, and streamlining processes between companies and their partners. As businesses increasingly rely on diverse networks of partners to expand their reach and capabilities, the demand for robust PRM platforms continues to grow. The Partner
Digital Map Market Overview, Size, Share, Growth, Industry Analysis, Trends and Forecasts Report 2030
Digital Map Market Overview, Size, Share, Growth, Industry Analysis, Trends and …
The digital map market is experiencing significant growth driven by the increasing demand for location-based services across various industries. Companies are leveraging digital maps to enhance their business operations, improve customer experiences, and optimize resource allocation. With advancements in GIS (Geographic Information System) technology and the proliferation of smartphones and connected devices, digital maps have become indispensable tools for navigation, logistics, urban planning, and marketing. One of the key drivers propelling
Data Pipeline Tools Market to Reach USD 45.6 Billion by 2030: Fueled by the Data Deluge and Digital Transformation
Data Pipeline Tools Market to Reach USD 45.6 Billion by 2030: Fueled by the Data …
The SNS Insider report indicates that the Data Pipeline Tools Market Size was valued at USD 7.8 billion in 2022, and is expected to reach USD 45.6 billion by 2030 and grow at a CAGR of 24.7% over the forecast period 2023-2030, encompasses software solutions designed to automate the movement and transformation of data between various systems. These tools play a vital role in data analytics, data science, AI, and
Customer Journey Analytics Market to Reach USD 54.0 Billion by 2030: Fueled by the Need for Exceptional Customer Experiences
Customer Journey Analytics Market to Reach USD 54.0 Billion by 2030: Fueled by t …
The SNS Insider report reveals that the customer journey analytics market, valued at USD 12.0 billion in 2022, is expected to register a significant CAGR of 20.7% over the forecast period (2023-2030). Customer journey analytics is the comprehensive process of analyzing every customer interaction with a company to understand its impact. It provides businesses with invaluable insights and strategies to attract and retain customers. The growing need for flawless customer

All 5 Releases

More Releases for Beverage

Draft Beer Market 2019 by Segment Forecasts 2026 | Beverage Air, Beverage Factor …
Worldwide Draft Beer market research report is an expert and clear report focusing on essential and additional drivers, parts of the overall industry, driving sections and geological surveys. The analysis and estimation of significant industry patterns, market size and shares are referred to in the Draft Beer Market Report. Market drivers, restraints, and opportunities have been evaluated to explain the anticipated nature of investments and their impact on the Global Draft
Sports Drink Market 2019 By Key Players: Pepsico, Coca Cola, Monster Beverage, A …
Global Sports Drink Market research Report peaks the detailed analysis of industry share, growth factors, development trends, size, majors manufacturers and 2023 forecast.The report also analyze innovative business strategies, value added factors and business opportunities Sports drinks are prepared according to the characteristics of physiological consumption during exercise, and can be targeted to supplement the lost nutrition during exercise, play a role in maintaining and improving exercise capacity, and speed up
Instant Beverage Premixes Market Instant beverage premixes are prepared drinks, which boost metabolism, enhance functionality, and provide healthy hydration. Instant beverage premix market analysis is primarily split into different type including instant coffee, instant tea, instant milk and instant health drinks and soups. In 2017, the global Instant Beverage Premixes market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. The objectives of
Beverage Emulsion Market: Uptake in Demand for Multifunctional Beverage Emulsion …
Water or oil flavored emulsion is one of the most commonly employed flavor delivery system in the beverage industry. Carbonated or still beverages account for majority of the water or oil flavor emulsions among the beverage variants. These insights have been acquired from a report, titled “Global Market Study on Beverage Emulsion: North America to Increase Consumption in the Near Future with Public Health Consciousness being the Core Focus,” recently
Growing Preference for Beverage Dispensers with Commercial Beverage Dispensers M …
"The Report Global Commercial Beverage Dispensers Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -" About Commercial Beverage Dispensers Commercial beverage dispensers refer to containers that keep beverages fresh for a long period of time. This equipment also allows beverages to be dispensed in prescribed amounts and is mainly used by foodservice establishments such as hotels, restaurants, catering companies, clubs, and pubs. Technavios
Beverage Packaging Market
Zion Research has published a new report titled “Beverage Packaging (Bottle, Can, Pouch, and Carton) Market, By Material (Glass, Plastic, Metal, and Paperboard), for Alcoholic, Non-Alcoholic, and Dairy Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for beverage packaging market was valued at USD 108.4 billion in 2015, is expected to reach USD 138.7 billion in