Non-Alcoholic RTD Beverages Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Non-Alcoholic RTD Beverages Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The non-alcoholic rtd beverages market size has grown strongly in recent years. It will grow from $1012.52 billion in 2023 to $1079.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to parental preference for home care, cost-effectiveness, shorter hospital stays, focus on family-centered care, advances in home medical equipment, increased pediatric population..

The non-alcoholic rtd beverages market size is expected to see strong growth in the next few years. It will grow to $1369.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising awareness and education, shift toward value-based care, pediatric home infusion therapy, government initiatives and support, chronic disease management.. Major trends in the forecast period include personalized medicine, pediatric home respiratory care, telehealth integration, specialized pediatric services, care coordination and case management..

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Market Drivers and Trends:

Surging demand for non-alcoholic beverages is expected to propel the growth of the non-alcoholic RTD beverage market going forward. A non-alcoholic beverage refers to a drink that does not contain alcohol. Nowadays, consumers prefer non-alcoholic beverages in favor of alcoholic ones as they seek to improve their health. Non-alcoholic beverage manufacturers are producing a wide range of ready-to-drink non-alcoholic beverages that improve physical health and mental well-being, hydrate them, and offer vital nutrients and vitamins, so these factors boost the non-alcoholic RTD beverage market. For instance, in December 2022, according to the United States Department of Agriculture (USDA), a US-based federal agency, non-alcoholic beverage export sales from the US totaled $11.4 million in 2021 and increased to $13.6 million in 2022, a 20% increase. Therefore, surging demand for non-alcoholic beverages is driving the non-alcoholic RTD beverage market.

Product innovation is a key trend gaining popularity in the non-alcoholic RTD beverage market. Major companies operating in the non-alcoholic RTD beverage market are developing innovative products to strengthen their position in the market. For instance, in April 2023, Chamberlain Coffee, a US-based organic coffee manufacturer, launched a new line of ready-to-drink (RTD) plant-based Cold Brew Lattes. These innovative product flavor line-ups include a mocha latte, a cinnamon bun latte, a vanilla latte, and a traditional cold brew. Each of the four flavors is dairy-free, prepared with almond milk and coconut cream, and naturally sweetened with no preservatives and no artificial colors, flavors, or sweeteners. Additionally, it contains date syrup, which contains only 1 gram of sugar per serving.

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Major Key Players of the Market:

PepsiCo Inc.; The Coca-Cola Company; Nestle S.A.; Keurig Dr Pepper Inc.; Red Bull GmbH; Suntory Holdings Limited; Danone S.A.; Monster Beverage Corporation; Asahi Group Holdings Ltd.; Reeds Inc.; Starbucks Corporation; Lotte Chilsung Beverage Co. Ltd.; Pokka Sapporo Food And Beverage Ltd.; Yakult Honsha Co. Ltd.; Califia Farms LLC; 3A Composites; Bai Brands LLC; Hint Water Inc.; Lifeway Foods Inc.; Health-Ade LLC; Ocean Spray Cranberries Inc.; Welch Foods Inc.; Sunny Delight Beverages Company; The J.M. Smucker Company; The Kraft Heinz Company; The Hershey Company; The Campbell Soup Company; The Kellogg Company; Arizona beverage Company; Innocent drinks Ltd.

Non-Alcoholic RTD Beverages Market 2024 Key Insights:

• The non-alcoholic rtd beverages market will grow to $1369.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Rising Demand For Non-Alcoholic Beverages Fuels Growth Of Non-Alcoholic Rtd Beverage Market
• Innovative Plant-Based Cold Brew Lattes In Non-Alcoholic Rtd Beverage Market
• Asia-Pacific was the largest region in the non-alcoholic RTD beverages market in 2023

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