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Non-Alcoholic Beverages Market Estimated to Rise Profitably during the Foreseeable Future
Global Non-alcoholic Beverages Market: Segmentation and Forecast
The global non-alcoholic beverages market has been segmented by product type into Carbonated, Non-Carbonated, RTD Beverages, Hot Drinks, Sports & Energy Drinks, and Specialty Drinks; on the basis of source into Fruits, Vegetables, Cereals, Tea, Coffee, Milk, Cocoa/Chocolate, Plant Extracts/Herbal Extracts, Microbial Extracts, Nuts, Soybean, Floral Extracts, Colorants, Sweeteners, Flavors, Preservatives, CO2, and Water; on the basis of packaging into Bottles, Metal Can, Liquid Carton, Slim Plastic Containers, Pouch, Tetra Pak, Sachet, and Takeaway Cups & Tumblers; and on the basis of distribution channel into Hypermarket, Supermarket, Convenience Stores, E-commerce, and Others.
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Global Non-alcoholic Beverages Market: Regional Analysis & Forecast
The global non-alcoholic beverages market has been studied across the five key geographies of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific followed by North America is the top regional market for non-alcoholic beverages. The Asia Pacific non-alcoholic beverages market is estimated to hold a value share of 31% by the end of the forecast period in 2027 while North America will hold about 29% market share by 2027 end. The North America market will gain 90 basis points in market share in 2027 over 2017 while Asia Pacific is slated to gain 70 basis points. Europe is the third largest regional market for non-alcoholic beverages, with an estimated market share of just under 21% by the end of 2027.
Asia Pacific and North America largest regions in terms of consumption of non-alcoholic beverages
Non-alcoholic beverages are fast gaining popularity in Asia Pacific, owing to a growing consumption of tea and coffee in the region, particularly in countries like India. The consumption of non-alcoholic beverages in Asia Pacific stood at 200 Bn liters in 2016 and this is expected to increase to 301 Bn liters by the end of the forecast period in 2027. North America is a close second in terms of non-alcoholic beverages consumption, with a recorded 169 Bn liters in 2016 expected to increase to 256 Bn liters by the end of 2027. Consumers in North America are moving towards a healthier lifestyle and seem to prefer sports and energy drinks to keep themselves fit and hydrated through the day. This factor is primarily responsible for the boost in consumption of non-alcoholic beverages across the region.
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