According to our latest market study, titled "Non-Alcoholic Beverages Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Carbonated Soft Drinks, Juices & Nectars, Bottled Waters, Dairy-Based Beverages, Dairy Alternative Beverages, RTD Tea & Coffee, and Others), Packaging Type (Bottles, Cartons, Cans, and Pouches), Category (Sugar-Free and Conventional), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others) The non-alcoholic beverages market is expected to grow from US$ 1,247.20 billion in 2021 to US$ 1,888.57 billion by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.
The sugar-free category is gaining significant traction among consumers due to rising health concerns and the high prevalence of obesity, diabetes, and heart diseases in various countries across the globe. Moreover, functional drinks and fortified beverages are also witnessing high demand due to the growing focus on health and nutrition. These factors are driving the non-alcoholic beverages market growth.
Get Sample Copy Of This Report @ https://www.theinsightpartners.com/sample/TIPRE00029575/
Some of the leading players in Non-alcoholic Beverages Market: The Coca Cola Company, PepsiCo, Nestle, Red Bull, Suntory Holdings Limited, Danone S.A., Califia Farms LLC, Keurig Dr Pepper Inc, Asahi Group Holdings Limited, Bolthouse Farms Inc.
However, due to operational difficulties, raw material shortage, and lack of inventories, there was s demand-supply gap which hindered the profitability of many small as well as large-scale players in the non-alcoholic beverages market. However, in 2021, the economies started their operations, which positively impacted the global marketplace. Moreover, the manufacturers are permitted to operate at full capacity, which helped them to overcome the demand and supply gap. Additionally, consumers are increasingly prioritizing their health which is expected to boost the demand for non-alcoholic beverages in the coming years.
The market is segmented based on type, packaging type, category, distribution channel, and geography. Based on type, the market is segmented into carbonated soft drinks, bottled waters, juices & nectars, dairy-based beverages, dairy alternative beverages, RTD tea & coffee, and others. Based on packaging type, the market is segmented into bottles, cartons, cans, and pouches. Based on category material, the market is segmented into sugar-free and conventional. Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others.
However, the COVID-19 pandemic positively impacted the non-alcoholic beverages market as the consumption trends changed significantly. The preference for healthy beverages such as fortified fruit and vegetable juices, smoothies, dairy alternatives, low-sugar functional and sparkling waters, and protein drinks increased significantly. Immunity-boosting fruit juices witnessed high demand amid the outbreak. This opened significant opportunities in the sugar-free beverages space. Also, due to the closure of foodservice outlets, the retail sales of beverages such as ready-to-drink tea, coffee, and fruit juices increased during the pandemic.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com