Non-Alcoholic Drinks - Cyprus | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Non-Alcoholic Drinks market amounts to US$142.80m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$134.70m in 2024.
Revenue, combined amounts to US$277.60m in 2024.
The revenue, at home is expected to grow annually by 2.76% (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$112.60 are generated in 2024.
In the Non-Alcoholic Drinks market, volume, at home is expected to amount to 80.90m L by 2024.
Volume, out-of-home is expected to amount to 19.27m L in 2024.
Volume, combined is expected to amount to 100.20m L in 2024.
The Non-Alcoholic Drinks market is expected to show a volume growth, at home of 1.6% in 2025.0.
The average volume per person, at home in the Non-Alcoholic Drinks market is expected to amount to 63.77L 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 Cyprus has been experiencing steady growth in recent years. Customer preferences have shifted towards healthier beverage options, driving the demand for non-alcoholic drinks. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: In Cyprus, there has been a growing trend towards healthier lifestyles and conscious consumption. Consumers are increasingly seeking non-alcoholic beverages that are low in sugar, natural, and free from artificial additives. This shift in customer preferences has led to an increased demand for non-alcoholic drinks such as herbal teas, fruit-infused waters, and functional beverages. As a result, companies in the market have been focusing on developing innovative and healthier drink options to cater to these changing preferences.

Trends in the market: One of the key trends in the Non-Alcoholic Drinks market in Cyprus is the rising popularity of functional beverages. These drinks are formulated with added vitamins, minerals, and other beneficial ingredients that offer health benefits beyond hydration. Functional beverages such as energy drinks, sports drinks, and probiotic drinks have gained significant traction among consumers in Cyprus. This trend can be attributed to the increasing awareness about the importance of overall well-being and the desire to incorporate functional ingredients into daily routines. Another trend in the market is the growing demand for natural and organic non-alcoholic drinks. Consumers are becoming more conscious about the ingredients used in their beverages and are seeking products that are made from natural and organic sources. This trend aligns with the global movement towards sustainability and clean label products. As a result, companies in Cyprus are focusing on sourcing natural ingredients and using eco-friendly packaging to meet the demands of environmentally-conscious consumers.

Local special circumstances: Cyprus is known for its warm climate and tourism industry, which plays a significant role in shaping the Non-Alcoholic Drinks market. The country attracts a large number of tourists every year, and the demand for refreshing and thirst-quenching beverages is high. This has led to the availability of a wide range of non-alcoholic drink options in Cyprus, including local fruit juices, traditional herbal teas, and exotic fruit-infused waters. The local special circumstances of tourism have created a favorable market environment for non-alcoholic drinks.

Underlying macroeconomic factors: The Non-Alcoholic Drinks market in Cyprus is influenced by various macroeconomic factors. The country has been experiencing steady economic growth, which has resulted in increased disposable income and higher consumer spending. As a result, consumers are more willing to invest in premium and healthier non-alcoholic drink options. Additionally, the government's efforts to promote healthy living and reduce sugar consumption have also contributed to the growth of the market. These factors, coupled with the rising health consciousness among consumers, have created a favorable environment for the Non-Alcoholic Drinks market in Cyprus. In conclusion, the Non-Alcoholic Drinks market in Cyprus is developing due to shifting customer preferences towards healthier options, the rise of functional beverages, the demand for natural and organic products, local special circumstances such as tourism, and underlying macroeconomic factors such as economic growth and government initiatives.

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.