Non Alcoholic Beverages Market Statistics
Non Alcoholic Beverages Market Size Outlook
Non Alcoholic Beverages Market Segmentation
No Alcoholic Beverages Market Analysis, 2021
The global non-alcoholic beverages market is forecast to register healthy growth rates globally over the forecast period. Despite challenges of increased unemployment, lower household spending levels and other demand side risks, the industry will register 6.3% year-on-year growth during 2021. Both spending and consumption of non-alcoholic drinks will witness strong growth over the forecast period.
A number of prominent trends are shaping the global non-alcoholic beverages market. Discount retail channels and private label products continue to gain market shares across markets. Mineral or spring waters segment is quickly emerging as preferred drink, in particular, in developed markets. Digestive health drinks, energy drinks, functional drinks, ready-to-consume drinks and others mark the future of the industry.
Among product types, the global non-alcoholic beverages market is categorized into Soft Drinks, Bottled water, Coffee, teas and other hot drinks, fruit and vegetable juices, functional drinks and others. Of these, soft drinks dominated the global market, driven by huge market penetration in developed and developing markets. Though the outlook for soft drinks looks sluggish in developed markets, developing markets continue to offer strong growth potential during the forecast period.
Distribution channels play a vital role in marketing for non-alcoholic beverages. During 2020, the market was characterized by lockdown restrictions, panic buying and disruptions in supply chain. Online channels gained significant boost in market share. However, with things anticipated to normal conditions, we expect the role of traditional distribution channels to witness market growth in addition to online channels. Overall, supermarkets and hypermarkets dominated the global market with 65.6% market share.
Among regions, Asia Pacific dominates the global markets with 35.9% market share, driven largely by huge consumption power parity of families in the US. Chinese market, on the other hand, is forecast to register fastest growth driven by increasing disposable income, rapid urbanization and drive towards ready-to-consume foods and drinks.
Some of the leading companies in the industry include PepsiCo, Inc.; The Coca-Cola Company; Danone S.A.; Nestle S.A.; and Kraft Heinz Company, Suntory Beverage and Food Ltd.
Non Alcoholic Beverages Companies Analysed in the Report
Non Alcoholic Beverages Market Trends- Launch of new bottled water products
Increasing demand for mineral and spring waters is encouraging companies to launch new varieties in bottled water. Great tasting water, no acidic ion taste, calorie free, multi-step purification process, pure artesian water, naturally electrolyte, wide range of flavours, sourced from springs, low mineral content, pH balance of over 9.5, added electrolytes, and others are being marketed by companies. Further, companies are making innovations in packaging through attractive designs, display of minerals, environmental friendly packaging, BPA-free bottles, marketing in varying bottle sizes and others. Products to cater specific segments are also being launched. Working class women and youth are increasingly being targeted by companies to stay ahead of competition. Companies are also extra cautious on creating and establishing brand identity for their products in the market through promotional campaigns focusing on building an individualistic identity.
Non-Alcoholic Beverages Market Drivers- Organized retailing offers strong opportunities for growth
Organized retail market continues to grow steadily despite penetration of online channels. Ready to consume drinks are largely made available through organized retail stores as most consumers find these stores as convenient for shopping. Supermarkets and hypermarkets hold the maximum share in non-alcoholic beverages industry. Urbanization, increasing disposable incomes in emerging countries coupled with rapid expansion of supermarkets in these markets encourages market growth.
Soft Drinks Market Size Forecast, US$ Billion, 2020- 2026
The global soft drinks market is expected to witness moderate growth in terms of revenue at a CAGR of 4.8% during the forecast period. Growing urbanization rates, expansion across large populated countries such as China, India, Brazil and other markets shapes the future of the market. On the other hand, mature market conditions in Europe and North America, and increasing health awareness in these markets poses challenges to market growth. Sugar taxes are gradually being implemented in many countries, both developed and developing nations, where the forecast for carbonated soft drinks remains low.
Companies are focusing on operational efficiency to achieve economies of scale in intense competitive conditions. As volume sales are likely to suffer in developed countries, companies are focusing on value added products. Higher unit pricing through smaller pack sizes and focus on single-serve is being observed. Natural varieties of soft drinks, low-calorie soft drinks to cater health-conscious individuals coupled with rising per capita disposable income is being observed.
Overall, the demand for soft drinks is poised to increase from $301.7 billion in 2020 to $399.3 billion in 2026, at a compounded annual growth rate (CAGR) of 4.8%.
Non Alcoholic Beverages Company- Suntory Beverage & Food Ltd.
Suntory Beverage & Food Ltd is a Japan based brewing company that engages in the manufacture and sale of food products and non-alcoholic beverages.
With the acquisition of Beam, Inc. in 2014, Suntory diversified internationally and become the third largest maker of distilled beverages in the world.
The company operates its business through the following segments: Japan, Europe, Asia, Oceania, and Americas. The Japan segment produces coffee, mineral water, green and red tea, carbonated beverages, fruit juices, sports and functional drinks, and beverages for specified health use. The Europe, Asia, Oceania, and Americas segments offer products from the brands Orangina, Schweppes, Oasis, V, Just Juice, Lucozade, Ribena, Tipco and Pepsi.
Key Brands:
Non-Alcoholic Beverages: Iyemon; Boss; Suntory Tennensui; Suntory Oolong Tea; Green Dakara; Pepsi; C.C. Lemon; Iyemon Tokucha; Suntory Black Oolong Tea; Suntory Goma mugicha; Orangina; Lucozade; Ribena; Tea+; Mytea; Brand’s Essence of Chicken; V; Ovi; Craft Boss
Spirits – Yamazaki; Hakushu; Hibiki; Toki; Kakubin; Chita; Jim Beam; Maker’s Mark Boubon; Sauza Tequila; Courvoisier; Laphroaig; Canadian Club; The Japanese Craft Gin ROKU; canned Kaku Highball; -196 ˚C Strong Zero; Horoyoi;
Beer – The Premium Malt’s; Kin-Mugi; All-Free;
Wine – Tomi Red; Tomi White; Japan Premium Muscat Bailey A; Japan Premium Koshu; Akadama Sweet Wine; Château Lagrange; Château Beychevelle
Health Foods – Sesamin EX; DHA & EPA + Sesamin EX; Royal Jelly + Sesamin E; Locomore; F.A.G.E; Milcolla.
Suntory plans to expand businesses globally with a focus on five key regions. Japan, Europe, Asia, Oceania and Americas. In April 2019, Suntory partnered with Drinkripples, an Israeli-based company to utilize printing facilities of the Drinkripples.
In 2017, Suntory launched Craft Boss series. This series was launched as the coffee beverage mainly targeting those who have new work styles that are no longer limiting workers to the office or specific work hours.
In 2020, BOSS brand achieved 25 consecutive years of growth.
In 2016, V line-up Pure was launched and it expands with products such as V Pure, which is made with natural ingredients.
In 2016, May Tea brand was launched in France, 2017 – in Belgium, 2018 – in Spain. It is a low-sugar, infused ice tea available in a variety of flavours, which is utilizing Japanese tea-making technology.
The company was founded in February 1899 and is headquartered in Tokyo, Japan.
1. TABLE OF CONTENTS 2
1.1 List of Tables 6
1.2 List of Figures 8
2. EXECUTIVE SUMMARY 11
2.1 Summary 11
2.2 The global food and beverage industry in 2021 12
2.3 Non Alcoholic Beverages Industry Outlook, 2020 – 2026 13
2.4 Abbreviations 14
3. INTRODUCTION TO NON-ALCOHOLIC BEVERAGES MARKET 15
3.1 Market Segments - Types, Applications, and Countries 15
3.2 Research Methodology 16
4. MACROECONOMIC & DEMOGRAPHIC OUTLOOK 17
4.1 GDP Outlook, 2010 – 2030 17
4.2 Population Outlook of Select Countries, 2010 – 2030 18
5. OVERVIEW OF THE NON-ALCOHOLIC BEVERAGES MARKET 19
5.1 Industry Panorama 19
5.2 Major Companies 20
5.3 Market Trends 20
5.3.1 Launch of new bottled water products 20
5.3.2 Premiumization trends across hot drinks segment 21
5.3.3 Increase in Popularity of Vegetable-derived Juices 21
5.3.4 Organized retailing offers strong opportunities for growth 21
5.3.5 Consumer demand for innovative and more convenient products is increasing 22
5.3.6 Intense competition among vendors restricts margins 22
5.4 Regional Outlook 23
6. TRENDS IN NON-ALCOHOLIC BEVERAGE MARKET TYPES 24
6.1 Largest Types 24
6.1.1 Soft Drinks 25
6.1.2 Bottled Water 26
6.1.3 Coffee, teas and other hot drinks 27
6.1.4 Fruit and Vegetable Juices 28
6.1.5 Functional Drinks 29
6.1.6 Others 30
7. GLOBAL OUTLOOK ACROSS COVID-19 SCENARIOS 31
7.1 Mild COVID Scenario 31
7.2 Harsh COVID Scenario 32
7.3 Severe COVID Scenario 32
8. TRENDS IN DISTRIBUTION CHANNELS 33
8.1 Supermarkets and Hypermarkets 34
8.2 Convenience Stores 35
8.3 Independent Retailers and Specialty Stores 36
8.4 E-Commerce 37
9. NORTH AMERICA NON-ALCOHOLIC BEVERAGES MARKET 38
9.1 Outlook 38
9.2 Trends and Opportunities 39
9.2.1 Soft Drinks dominates the North American Non-Alcoholic Beverages Market 39
9.2.2 Supermarkets and Hypermarkets dominate the North American Non-Alcoholic Beverages Market 40
9.2.3 The US dominates the North American Non-Alcoholic Beverages Market 41
9.3 Market Outlook by Country 42
9.3.1 United States 42
9.3.2 Canada 43
9.3.3 Mexico 45
10. EUROPE NON-ALCOHOLIC BEVERAGES MARKET ANALYSIS 46
10.1 Outlook 46
10.2 Trends and Opportunities 47
10.2.1 Soft Drinks Dominate the European Non-Alcoholic Beverages Market 47
10.2.2 Supermarkets and Hypermarkets dominate the European Non-Alcoholic Beverages Market 48
10.2.3 Germany dominates the European Non-Alcoholic Beverages Market 49
10.3 Market Outlook by Country 50
10.3.1 Germany 50
10.3.2 United Kingdom 51
10.3.4 France 52
10.3.5 Spain 53
10.3.6 Rest of Europe 54
11. ASIA PACIFIC NON-ALCOHOLIC BEVERAGES MARKET 55
11.1 Outlook 55
11.2 Trends and Opportunities 56
11.2.1 Hot Drinks dominate the Asia Pacific Non-Alcoholic Beverages Market 56
11.2.2 Supermarkets and Hypermarkets dominate the Asia Pacific Non-Alcoholic Beverages Market 57
11.2.3 China dominates the Asia Pacific Non-Alcoholic Beverages Market 58
11.3 Market Outlook by Country 59
11.3.1China 59
11.3.2 India 60
11.3.3 Japan 62
11.3.4 Rest of Asia Pacific 63
12. LATIN AMERICA NON-ALCOHOLIC BEVERAGES MARKET 64
12.1 Outlook 64
12.2 Trends and Opportunities 65
12.2.1 Hot Drinks dominate the Latin American Non-Alcoholic Beverages Market 65
12.2.2 Supermarkets and Hypermarkets dominate the Latin American Non-Alcoholic Beverages Market 66
12.2.3 Brazil dominates the Latin America Non-Alcoholic Beverages Market 67
12.3 Market Outlook by Country 68
12.3.1 Brazil 68
12.3.2 Argentina 69
12.3.3 Rest of Latin America 70
13. MIDDLE EAST AND AFRICA NON-ALCOHOLIC BEVERAGES MARKET 71
13.1 Outlook 71
13.2 Trends and Opportunities 72
13.2.1 Soft Drinks dominate the Middle East and Africa Non-Alcoholic Beverages Market 72
13.2.2 Supermarkets and Hypermarkets dominate the Middle East and Africa Non-Alcoholic Beverages Market 73
13.2.3 Africa dominates the MEA Non-Alcoholic Beverages Market 74
13.3 Market Outlook by Country 75
13.3.1 Middle East 75
13.3.2 Africa 76
14. COMPETITIVE LANDSCAPE 77
14.1 PepsiCo, Inc. 77
14.1.1 Overview 77
14.1.2 SWOT Analysis 79
14.1.3 Key Financials 82
14.2 The Coca-Cola Company 85
14.2.1 Overview 85
14.2.2 SWOT Analysis 87
14.2.3 Key Financials 89
14.3 Jones Soda, co 92
14.3.1 Overview 92
14.3.2 Key Financials 94
14.4 Kraft Heinz Company 97
14.4.1 Overview 97
14.4.2 SWOT Analysis 99
14.4.3 Key Financials 101
14.5 Suntory Beverage and Food Limited 104
14.5.1 Overview 104
14.5.2 Key Financials 106
15. APPENDIX 109
15.1 About USD Analytics 109
15.2 Sources and Research Methodology 109
15.3 Copyright and Disclaimer 110