How big is the non-alcoholic beverage industry?

How big is the non-alcoholic beverage industry?

Revenue in the Non-Alcoholic Drinks market amounts to US$445,241m in 2022. The market is expected to grow annually by 4.83% (CAGR 2022-2026). In global comparison, most revenue is generated in the United States (US$445,241m in 2022).

What is the market size of the beverage industry?

In the United States, the beverage industry is valued at $146 billion. The U.S. drink industry includes both alcoholic and non-alcoholic beverage production and distribution.

How big is the alcoholic beverage industry?

In 2020, the global market size of alcoholic beverages amounted to over 1.49 trillion U.S. dollar. The yearly revenue decreased by around 200 billion dollars compared to 2019.

What is the largest segment of the non-alcoholic beverage market?

Industry definition One segment that all the biggest companies service is bottled water, which is the largest segment of the industry globally. Between convenience, taste preference, and sometimes no other source of potable water, the bottled water industry is a staple of the non-alcoholic beverages market.

How big is the non-alcoholic wine market?

Across the United States, the non-alcoholic market accounts for over $414 million in sales, according to data analytics firm Statista, and the market is expected to expand by over five percent per year from 2021 through 2026 as consumers continue to gain interest in functional wellness beverages.

What is the world biggest soft drink company?

PepsiCo
PepsiCo. PepsiCo is currently the world’s largest beverage company by sales and market value. It is one of the world’s largest soft drink companies that offers products on categories including juice and smoothies, carbonates, and bottled water.

Who is the target market for non-alcoholic beer?

The target market for non-alcoholic beverages includes those individuals who either do not drink alcohol or choose to abstain from drinking alcohol. Children below a certain age are prohibited by law from drinking alcohol. Others are prohibited based on their religious beliefs.

How big is the liquor industry in India?

India’s alcohol industry is the third largest in the world with a value of $35 billion. India alcoholic beverage industry is one of the biggest alcohol industry across the globe only behind from two major countries such as China and Russia.

How competitive is the alcohol industry?

The industry is characterized by mergers and acquisitions among the top players, making it highly competitive across the globe.

How many companies are in the non-alcoholic beverage industry?

1,200 establishments
The US nonalcoholic beverage manufacturing industry includes about 1,200 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $45 billion.

What is the market size of the nonalcoholic beverage industry?

Industry Insights. The global nonalcoholic beverage market size was valued at USD 967.3 billion in 2016. The market is anticipated to grow at an estimated CAGR of 5.8% from 2017 to 2025 owing to factors such as rising disposable income, population growth, and changing lifestyle.

Which type of soft drinks holds the major non-alcoholic beverages market share?

Carbonated Soft Drinks (CSD) Holds the Major Non-alcoholic Beverages Market Share Owing to its Easy Availability and Low Price On the basis of product type, the market is segmented into CSD, bottled water, RTD tea & coffee, fruit juices, and others.

What is driving the demand for nonalcoholic drinks in the market?

Furthermore, seasonal demand and campaigns like Dryathlete are escalating the demand of nonalcoholic drinks market.

What is the forecast period of Asia Pacific non-alcoholic beverage market research report?

Asia Pacific non-alcoholic beverages market is likely to expand to 6.0% with the fastest annual growth rate (CAGR) of 6.0% from 2020 to 2025. Asia-Pacific has become the fastest-growing region in the Non-Alcoholic Beverage industry due to a variety of unexplored markets, populations, and increased disposable income.

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