Product Code: GVR-4-68040-256-3
Non-alcoholic RTD Beverages Market Growth & Trends:
The global non-alcoholic RTD beverages market size is expected to reach USD 1,442.94 billion by 2030, registering a CAGR of 6.5% from 2024 to 2030, acording to a new report by Grand View Research, Inc. As consumers become increasingly health-conscious, there is a growing demand for non-alcoholic RTD beverages that offer functional benefits. Products fortified with vitamins, minerals, antioxidants, and other health-enhancing ingredients are gaining popularity. Beverages designed to address specific health concerns, such as immune support, hydration, or cognitive function, are well-received by a discerning consumer base seeking holistic well-being. The proliferation of e-commerce and the convenience of online shopping have also opened up new avenues for the market.
Consumers can now explore a wide variety of products, read reviews, and make informed choices from the comfort of their homes. The ease of online transactions and home delivery services contribute to the market's expansion, especially in regions where e-commerce is rapidly growing. Increasing awareness of environmental issues has led consumers to prioritize sustainable and eco-friendly products. Non-alcoholic ready to drink (RTD) beverage manufacturers are responding to this trend by adopting environmentally conscious practices, including recyclable packaging, reducing plastic usage, and sustainable sourcing of ingredients. The incorporation of eco-friendly initiatives resonates well with environmentally conscious consumers and contributes to brand loyalty.
The market is witnessing a rise in the inclusion of specialty and exotic ingredients in non-alcoholic RTD beverages. Ingredients, such as adaptogens, superfoods, and unique flavor profiles, are being incorporated to cater to consumers seeking novel and premium experiences. This trend aligns with the desire for unique and sophisticated beverage options beyond traditional flavors. The social trend towards non-alcoholic or low-alcohol socializing is creating opportunities for the market. Consumers, whether for health reasons or personal preference, are seeking sophisticated, flavorful alternatives for social occasions. This shift is driving the development of premium, non-alcoholic alternatives that offer the complexity and depth of traditional cocktails without alcohol content.
Non-alcoholic RTD Beverages Market Report Highlights:
- The functional beverages segment is expected to witness a CAGR of 7.8% from 2024 to 2030
- The continuous innovation in product formulations and the introduction of new functional ingredients also play a pivotal role in propelling the market forward. Beverage manufacturers are investing in R&D to create unique and effective formulations, incorporating trending ingredients associated with health benefits
- Distribution of RTD beverages through the foodservice channel is expected to grow at a CAGR of 6.2% from 2024 to 2030. The expansion of menu offerings within the foodservice sector, including a diverse range of RTD beverages, is another factor contributing to the segment growth
- Restaurants, cafes, and other foodservice outlets are recognizing the product's popularity and are integrating it into their offerings to cater to consumer preferences. This diversification of beverage options enhances the overall dining experience, contributing to the projected growth in distribution through the foodservice channel
- North America is expected to witness a CAGR of 6.3% from 2024 to 2030. The presence of a robust retail infrastructure and the popularity of e-commerce contribute to the accessibility of non-alcoholic RTD beverages
- Consumers can easily find a diverse range of options in supermarkets, convenience stores, and online platforms, enhancing the market's reach and potential for growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
- 2.5. Competitive Insights
Chapter 3. Non-alcoholic RTD Beverages Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis - Porter's Five Forces
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Type Adoption
- 4.5. Observations & Recommendations
Chapter 5. Non-alcoholic RTD Beverages Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2023 & 2030
- 5.2. Carbonated Soft Drinks
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3. RTD Tea & Coffee
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4. Functional Beverages
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.5. Juices
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.6. Dairy-based Beverages
- 5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Non-alcoholic RTD Beverages Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Foodservice
- 6.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2. Retail
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.2. Hypermarkets & Supermarkets
- 6.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.3. Convenience Stores
- 6.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.4. Department Stores
- 6.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.5. Online
- 6.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.6. Others
- 6.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Non-alcoholic RTD Beverages Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4. Australia & New Zealand
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Type Benchmarking
- 8.6. Company Market Share Analysis, 2023 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. PepsiCo, Inc.
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.1.4. Strategic Initiatives
- 8.9.2. Nestle S.A.
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.2.4. Strategic Initiatives
- 8.9.3. Keurig Dr. Pepper Inc.
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.3.4. Strategic Initiatives
- 8.9.4. The Coca-Cola Company
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.4.4. Strategic Initiatives
- 8.9.5. Danone S.A
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.5.4. Strategic Initiatives
- 8.9.6. Suntory Beverage & Food Ltd
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.6.4. Strategic Initiatives
- 8.9.7. Asahi Group Holdings, Ltd.
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.7.4. Strategic Initiatives
- 8.9.8. Red Bull GmbH
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.8.4. Strategic Initiatives
- 8.9.9. Monster BevCorp
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.9.4. Strategic Initiatives
- 8.9.10. Unilever PLC
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.10.4. Strategic Initiatives