Non-Alcoholic Drinks - Belize | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Non-Alcoholic Drinks market amounts to US$37.48m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$8.10m in 2024.
Revenue, combined amounts to US$45.58m in 2024.
The revenue, at home is expected to grow annually by 0.52% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated United States (US$216bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$89.95 are generated in 2024.
In the Non-Alcoholic Drinks market, volume, at home is expected to amount to 32.28m L by 2024.
Volume, out-of-home is expected to amount to 1.90m L in 2024.
Volume, combined is expected to amount to 34.18m L in 2024.
The Non-Alcoholic Drinks market is expected to show a volume growth, at home of -0.6% in 2025.0.
The average volume per person, at home in the Non-Alcoholic Drinks market is expected to amount to 77.48L in 2024.

Definition:

The Non-Alcoholic Drinks market includes all beverages without alcohol. The beverages combined in this market are also often called liquid refreshment beverages (LRB). Not included are Hot Drinks, powdered drink mixes, and syrups.

Structure:

The Non-Alcoholic Drinks market consists of 4 markets:

Bottled Water includes carbonated and non-carbonated water which is sold in bottles or via water dispensers.
Soft Drinks covers water-based Non-Alcoholic Drinks, this market consists of Carbonated Soft Drinks, Non-Carbonated Soft Drinks, and Energy & Sports Drinks.
The Juices market consists of all types of bottled fruit and vegetable juices which contain 100% fruit and/or vegetable juice. The juices market is divided into Orange Juice, Apple Juice, Grapefruit Juice, Pineapple Juice, Grape Juice, and Other Juice, Juice Mixtures & Smoothies.
The Ready-to-Drink (RTD) Coffee & Tea market includes packaged coffee and tea beverages in liquid form, ready for consumption. This market is further split into Ready-to-Drink (RTD) Coffee and Ready-to-Drink (RTD) Tea.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Key players include The Coca-Cola Company, PepsiCo, Red Bull, Danone, and Keurig Dr Pepper.

Mineral Water
Soft Drinks
Fruit and vegetable juice

Hot Drinks
Powdered drink mixes and syrups (e.g. Post-Mix Drinks)

The Non-Alcoholic Drinks market in Belize has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in Belize have shifted towards healthier beverage options, leading to an increased demand for non-alcoholic drinks. Consumers are becoming more health-conscious and are actively seeking out beverages that are low in sugar, free from artificial additives, and made with natural ingredients. This has resulted in a surge in the consumption of non-alcoholic beverages such as flavored water, herbal teas, and fruit juices. Trends in the market also contribute to the growth of the Non-Alcoholic Drinks market in Belize. One notable trend is the rising popularity of functional beverages, which are drinks that offer additional health benefits beyond basic hydration. Functional beverages, such as energy drinks and sports drinks, are gaining traction among consumers who are looking for products that can enhance their physical performance or provide a boost of energy. Another trend in the market is the increasing demand for ready-to-drink beverages. Busy lifestyles and convenience-driven consumer behavior have led to a rise in the consumption of on-the-go beverages that require no preparation. This trend has fueled the growth of bottled beverages, including ready-to-drink teas, coffees, and soft drinks. Local special circumstances also play a role in the development of the Non-Alcoholic Drinks market in Belize. The country's tropical climate and tourism industry contribute to the high demand for refreshing and hydrating beverages. Tourists visiting Belize often seek out local and exotic non-alcoholic drinks to quench their thirst and experience the flavors of the region. This has created opportunities for local beverage companies to develop innovative and unique products that cater to both locals and tourists. Underlying macroeconomic factors also influence the Non-Alcoholic Drinks market in Belize. The country's stable economic growth and increasing disposable income have allowed consumers to spend more on non-essential goods, including beverages. Additionally, the government's focus on promoting the local agriculture sector has led to the availability of a wide range of fresh fruits and herbs, which are key ingredients in many non-alcoholic drinks. This has further boosted the production and consumption of non-alcoholic beverages in the country. In conclusion, the Non-Alcoholic Drinks market in Belize is experiencing growth due to changing customer preferences towards healthier options, emerging trends in the market such as functional beverages and ready-to-drink products, local special circumstances like the tropical climate and tourism industry, and underlying macroeconomic factors such as stable economic growth and increasing disposable income.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The non-alcoholic beverages industry encompasses liquid refreshment beverages (LRB) such as bottled water, carbonated soft drinks, energy drinks, fruit beverages, ready-to-drink coffee and tea, sports beverages and value-added water. Globally, bottled water is the leading liquid refreshment beverage category, registering more than 76 billion cases in volume sales. Carbonated soft drinks followed in second with a sales volume exceeding 36 billion cases.