Market Insights report
The Non-Alcoholic Drinks market is confronted with a historical realignment of consumer diets towards healthier options, especially putting pressure on sugared products. The combined worldwide market value across at-home and out-of-home sales channels is expected to reach US$1.94 trillion by 2029.
What's included?
The Non-Alcoholic Drinks market includes ready-made liquid refreshment beverages of all kinds. The market is further differentiated into Bottled Water, Soft Drinks (broken down into Carbonated and Non-Carbonated Soft Drinks as well as Energy & Sports Drinks), Juices, and Ready-to-Drink (RTD) Coffee & Tea. Covered are both at-home (retail) and out-of-home (food service) consumption which are both valued at consumer prices, inclusive of all respective sales taxes.This report gives an overview of the Non-Alcoholic Drinks market from an international perspective. Besides relevant market figures like total and per capita revenues for the years from 2018 to 2029, it provides detailed insights into current trends, key players and market drivers.In general, the total Non-Alcoholic Drinks market is expected to grow at a nominal annual rate of 4.5% between 2018 and 2029. Driven by a trend towards healthier lifestyles, particularly strong growth is expected in the Bottled Water segment. While changes in nutrition put pressure on sugared soft drinks and juices, commodity prices for sugar are expected to remain low over the mid term, thereby helping to keep costs down. The leading players in the market, Coca-Cola, PepsiCo, Suntory and Nestlé are pursuing different strategies to tackle the burgeoning health trend: Whereas PepsiCo is aggressively pushing into better-for-you products, Coca-Cola, while also doubling down on Ready-to-Drink Tea (e.g. Fuze Tea), is more focused on streamlining operations.
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