Market Highlights
The global non-alcoholic RTD beverages market is projected to register a CAGR of 4.5% and reach a value of USD 800 million by 2027.
Market Research Future (MRFR) analysed the global Non-alcoholic RTD Beverages market 2020 across the analysis period 2019 to 2027. As per MRFR assessment, the non-alcoholic RTD beverages market outlook is likely to rise at 4.5% CAGR in the forecast period. By 2027, the non-alcoholic RTC beverage market can value at USD 800 Billion. The existence of non-alcoholic RTD beverage vendors can support the expansion of the market. The rise of the alcoholic RTD beverages market is attributed to changes in the competitive landscape. The rise in fitness consciousness among people, especially in the pandemic, is observed to boost sales of non-alcoholic RTD beverages. This is expected to support the rise of the market across the assessment period. The availability of a wide range of packaging solutions for non-alcoholic RTD beverage market can improve the impetus of the market in the analysis period.
Market Segment
The segment assessment of the global non-alcoholic RTD beverages market is done by type, distribution channel, and packaging type.
The type based segment of the non-alcoholic RTD beverages market are carbonated soft drinks, functional beverages, fruit and vegetable juices, tea and coffee, dairy-based beverages, and flavored and fortified water among others. The functional beverages sub-segments are sports or energy drinks, and probiotic and prebiotic drinks among others. The carbonated soft drinks segment can dominate the rise of the non-alcoholic RTD beverages market in the review period as per capita consumption of beverages, such as carbonated soft drinks is observed to increase. The fruit and vegetable juices segment can thrive in the years to come due to the rise in the preference for healthy beverages such as, vegetable juices and natural fruit, especially among the fitness conscious populace.
The packaging type based segment of the non-alcoholic RTD beverages market are cartons, bottles, and cans among others. The bottles segment can secure the revenue share of the worldwide market. The non-permeability of these bottle and prolonged storage capacity offered by them can support the rise of the market through the analysis period.
The distribution channel based segments of the non-alcoholic RTD beverages market are store and non-store. The store-based comprises convenience stores, and supermarkets and hypermarkets among others. The store-based segment can earn the giant share of the worldwide non-alcoholic RTD beverages market due to the high availability of these beverages in hypermarkets. However, the expanding e-commerce sector can promote the rise of the market. The rise in the number of third-party online retailers and e-retail apps can prompt the expansion of the market through the analysis period.
Regional Analysis
In North America, the non-alcoholic RTD beverage market can thrive due to the dynamics of the numerous marketer operating in the region. In addition, the increase in the consumption of natural non-alcoholic RTD beverages can impact the expansion of its market in the region. In Europe, the increase in awareness about health benefits and health convenience offered by these beverages can promote the market expansion. In APAC, change in way of living can support the regional non-alcoholic RTD beverages market rise.
Key Players are:
PepsiCo (US), Keurig Dr Pepper Inc. (US), The Coca-Cola Company (US), Nestlé S.A. (Switzerland), Starbucks Corporation (US), Danone S.A. (France), LotteChilsungBeverage Co. Ltd. (South Korea), Suntory Holdings Limited (Japan), POKKA SAPPORO Food & Beverage Ltd (Japan), and Yakult Honsha Co., Ltd. (Japan).
Related Reports:
Frozen Foods Market Research Report Information By Type (Frozen, Frozen Processed), By Distribution Channel (Store-Based, Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Macadamia Nuts Market Research Report Information By Type (Whole, Halves, Whole & Half Blends, Chips, and Others), By Category (Organic and Conventional), By Application (Food & Beverage, Personal Care, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312
English