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Non Alcoholic Beverages Market :Trends likely to be witnessed across the key regional
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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.
Hot Drinks is the largest product type segment in the global non-alcoholic beverages market, with an estimated market share of just under 60% by the end of 2027. Among the hot drinks, the Coffee segment is slated to witness significant growth and a high CAGR during the forecast period.
Water is the largest source of non-alcoholic beverages production, with an estimated market share of more than 20% during the forecast period. Fruits is the second largest segment by source, anticipated to hold just under 20% value share during the period of assessment.
In terms of packaging, the Bottles segment is expected to lead the global non-alcoholic beverages market with a projected market share of more than 55% by the end of 2027. The Bottles segment will gain an impressive 280 basis points in market share in 2027 over 2017.
Hypermarkets, Supermarkets, and Convenience Stores are top distribution channels for non-alcoholic beverages. E-commerce is fast emerging as a preferred channel, and is expected to witness a gain of 230 basis points in market share in 2027 over 2017.
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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.
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