Non-Alcoholic RTD Beverages Market Analysis: Major Players, Lucrative Segments And Top Geographies
17 Jul, 2023
The global non-alcoholic RTD beverages market size is expected to grow from $944.87 billion in 2022 to $1012.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The global non-alcoholic RTD beverages market size is expected to reach $1282.56 billion in 2027 at a CAGR of 6.09%.
Global Non-Alcoholic RTD Beverages Market Key Driver
The non-alcoholic RTD beverage industry is predicted to develop in the future due to rising demand for non-alcoholic beverages. A non-alcoholic beverage is one that does not include any alcohol. Nowadays, customers prefer non-alcoholic beverages over alcoholic beverages in order to improve their health. Non-alcoholic beverage producers are providing a diverse range of ready-to-drink non-alcoholic beverages that improve physical and mental well-being, hydrate them, and provide essential nutrients and vitamins, hence driving the non-alcoholic RTD beverage industry.
Get a sample of the global non-alcoholic rtd beverages market reportGlobal Non-Alcoholic RTD Beverages Market Segments
The global non-alcoholic rtd beverages market is segmented:
1) By Product Type: Functional Beverages, Carbonated Soft Drinks, Tea And Coffee, Fruits And Vegetable Juice, Bottled Water, Dairy Based Beverages, Other Products
2) Packaging Type: Bottles, Cans, Other Packaging Types
3) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Retail, Other Distribution Channels
4) By Geography: The regions covered in the non-alcoholic rtd beverages market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global non-alcoholic rtd beverages market.
Major Non-Alcoholic RTD Beverages Industry Players
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
Get the full global non-alcoholic rtd beverages market report
Non-Alcoholic RTD Beverages Market Overview
Non-alcoholic RTD beverages refers to ready to drink beverages that are free from alcohol. These drinks hydrate, and some offer vital nutrients and vitamins that the body requires. These drinks are widely available in bars, restaurants, hotels, and beverage stores.
Non-Alcoholic RTD Beverages Global Market Report 2023 provides data on the global non-alcoholic rtd beverages market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The non-alcoholic rtd beverages market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.