Non Alcoholic - Beverages Market Competitive And Growth Analysis 2024 | Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Fomento Economico Mexicano SAB de CV

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Non Alcoholic - Beverages Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $732.79 billion In 2028 At A CAGR Of 5.3% :

The non alcoholic - beverages market size has grown strongly in recent years. It will grow from $563.92 billion in 2023 to $596.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rise of functional beverages, changing consumer demographics, marketing and branding strategies, globalization and cultural influences, influence of health and lifestyle magazines.

The non alcoholic - beverages market size is expected to see strong growth in the next few years. It will grow to $732.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growing emphasis on sustainability, functional and wellness-boosting ingredients, rise of plant-based beverages, focus on low sugar and natural sweeteners, health and immunity benefits. Major trends in the forecast period include natural and clean labels, packaging innovations, digital marketing, customization and personalization, hydration innovation, tech integration in beverage experience.

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Non Alcoholic - Beverages Market Major Segments
The non alcoholic - beverages market covered in this report is segmented -

1) By Type: Coffee And Tea, Soft Drink And Ice
2) By Distribution Channel: Off-Trade Channels, On-Trade Channels
3) By Category: Mass, Premium

Subsegments Covered: Coffee, Tea, Soft Drinks, Ice

Key Driver - Population Growth Driving Demand For Non-Alcoholic Beverages

The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to the American Society of Nutrition, the consumption of sugar-sweetened beverages was highest in Mexico. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products due to the rising population during the forecast period.

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Prominent Trend - Rising Health Consciousness Fuels Demand For Nutrient-Rich Beverages

Increasing health awareness and consciousness among consumers is driving the demand for beverages that provide nutrition, antioxidants, and probiotics. Health beverages support detoxing, weight loss, digestive health, nutrition, and, in some cases, act as meal replacements. For instance, Kombucha, a fermented tea made from a mix of yeast, bacteria culture, sugar, and tea, is increasingly being consumed as a health beverage. According to Beverage Daily, the kombucha market is expected to grow by 25% annually. To cater to the health beverage market, Pepsi is launching products such as organic Gatorade.

Non Alcoholic - Beverages Market Players
Major companies operating in the non alcoholic - beverages market report are Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Fomento Economico Mexicano SAB de CV, Danone S.A., The Kraft Heinz Company, Suntory Holdings Limited, Coca-Cola Europacific Partners PLC, Coca-Cola European Partners plc, Kirin Holdings Co Ltd, Keurig Dr Pepper Inc., Red Bull GmbH, The Hershey Company, Coca-Cola HBC AG, Monster Beverage Corporation, Coca-Cola Consolidated Inc., AriZona Beverages USA, Embotelladora Andina S.A., Primo Water Corporation, National Beverage Corp., Oatly Group AB, Celsius Holdings Inc., The Vita Coco Company Inc., IBS Partners Ltd, Zevia PBC, The Alkaline Water Company Inc., Coca-Cola FEMSA SAB de CV, Barfresh Food Group Inc., Parle Agro, Asahi Soft Drinks Co. Ltd.

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Largest And Fastest Growing Region In The Market
The Asia-Pacific was the largest region in the non-alcoholic - beverages market in 2023. Western Europe was the second-largest region in the non-alcoholic - beverages market. The regions covered in the non alcoholic - beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Non Alcoholic - Beverages Market Report Structure
3. Non Alcoholic - Beverages Market Trends And Strategies
4. Non Alcoholic - Beverages Market - Macro Economic Scenario
5. Non Alcoholic - Beverages Market Size And Growth
…..
27. Non Alcoholic - Beverages Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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