Non-alcoholic drinks market was valued at $820.0 billion in 2020, and is estimated to reach $2,134.6 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031.
Non-alcoholic Drinks Market by Product Type (Soft Drinks, Premium Water, Tea & Coffee, Juice, Dairy Drinks, and Others), DistributionChannel (Supermarket/Hypermarket, Convenience Stores, Specialty Stores, Online Retails, and Others), and Price Point (Standard, Premium, and Luxury): Global Opportunity Analysis and Industry Forecast, 2022–2031
Non-alcoholic drinks, also known as ‘virgin drinks’, ‘mocktails’ and ‘near beer’, refer to the beverages that comprise less than 0.5% of alcohol content by volume. Non-alcoholic drinks market encompasses a wide range of refreshment beverages, including energy drinks, juices, soft drinks, coffee & tea, bottled water, and probiotics. The beverage industry has faced spectacular transformation in consumer preferences in the past decade.
Increased awareness of various health problems associated with alcohol has shifted the consumer preference toward non-alcoholic drinks, which drive the growth of the non-alcoholic drinksindustry. However, rise inawareness of health effects among the consumers due to excessive intake of sugary and unnaturally sweetened drinks are few of the factors to dampen the market growth
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Major Market Players:
The players who operate in the global non-alcoholic drinksmarket have adopted various developmental strategies toincrease their market share, gain profitability, and remain competitive in the market. The key players operating in the non-alcoholic drinks market include- A.G. Barr, Dr. Pepper Snapple Group, DydoDrinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestlé S.A., PepsiCo, Inc., and the Coca-Cola Company.
Covid 19 Impact Analysis:
The outbreak of COVID-19 pandemic has impacted the consumption pattern of non-alcoholic drinks negatively. Soft drinks were accounted for the major share in the year 2019, owing to their huge availability in the market. However, the global non-alcoholic drinks market witnessed sudden downfall in the sales and distribution of soft drinks. Furthermore, the cancellation of international sports events such as Indian Premier League (IPL) 2020, Cricket World Cup 2020, Olympics, and other events has impacted the overall sales of beverages negatively. The market is expected to set back at its previous growth trend over the next couple of years.
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The non-alcoholic drinks market is segmented based on the product type and geography. By product type, the market can be segmented into soft drinks, tea & coffee, energy drinks, juices, bottled water, dairy drinks, and others. By distribution channel, the study covers supermarket/hypermarket, convenience stores, specialty stores, online retails, and others. By price point, the market is segmentedinto standard, premium, and luxury categories. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Stakeholders
The report provides a quantitative analysis onnon-alcoholic drinks market, market trends, estimations, and dynamics of the non-alcoholic drinks market size from 2020 to 2031 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis, the market size, and segmentation assist to determine the prevailing non-alcoholic drinks market opportunities.
The major countries in each region are mapped according to their revenue contribution to the non-alcoholic drinks market.
The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the non-alcoholic drinks industry.
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CHAPTER 1: INTRODUCTION
1.2.Key Market Segments
1.4.3.Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
3.1.Market Definition and Scope
3.2.1.Top Investment Pockets
3.2.2.Top Winning Strategies
3.3.Porter’s Five Forces Analysis
3.3.1.Bargaining Power of Suppliers
3.3.2.Threat of New Entrants
3.3.3.Threat of Substitutes
3.3.5.Bargaining Power among Buyers
3.4.Market Share Analysis/Top Player Positioning……continue
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