Non-Alcoholic Drinks - Worldwide

Worldwide

The Non-Alcoholic Drinks market in Worldwide is projected to generate a revenue of US$1.4tn in 2023.
This market is expected to grow annually at a rate of 4.66% between 2023 and 2027 (CAGR 2023-2027).
Among the various segments in the market, the largest one is Soft Drinks, which is estimated to have a market volume of US$0.8tn in 2023.
When comparing the revenue generated globally, in the United States leads the way with a projected revenue of US$496bn in 2023.
In terms of per capita revenue, the Non-Alcoholic Drinks market is expected to generate approximately US$189.20 per person in 2023.
Online sales are predicted to contribute 7.8% of the total revenue in the Non-Alcoholic Drinks market by 2023.
Looking ahead to 2027, out-of-home consumption, such as in bars and restaurants, is anticipated to account for 40% of spending and 10% of volume consumption in this market.
By 2027, the volume in the Non-Alcoholic Drinks market is expected to reach 944.6bn L.
Additionally, a volume growth of 2.2% is projected for 2024.
On average, each person is expected to consume 114.40L units of Non-Alcoholic Drinks market in 2023.

Key regions: Worldwide, United States, India, Vietnam, Australia

Definition:

The Non-Alcoholic Drinks segment includes all beverages without alcohol. The beverages combined in this market are also often called liquid refreshment beverages (LRB). Not included are Hot Drinks, powdered drink mixes, and syrups.

Structure:

The Non-Alcoholic Drinks market consists of 4 segments:

Bottled Water includes carbonated and non-carbonated water which is sold in bottles or via water dispensers.
Soft Drinks covers water-based Non-Alcoholic Drinks, this segment consists of the subsegments Carbonated Soft Drinks, Non-Carbonated Soft Drinks, and Energy & Sports Drinks.
The Juices segment consists of all types of bottled fruit and vegetable juices which contain 100% fruit and/or vegetable juice. The juices segment is divided into the subsegments Orange Juice, Apple Juice, Grapefruit Juice, Pineapple Juice, Grape Juice, and Other Juice, Juice Mixtures & Smoothies.
The Ready-to-Drink (RTD) Coffee & Tea segment includes packaged coffee and tea beverages in liquid form, ready for consumption. This segment is further split into Ready-to-Drink (RTD) Coffee and Ready-to-Drink (RTD) Tea.

Additonal Information:

By revenue, the most important producers of Non-Alcoholic Drinks worldwide are the Coca-Cola Company, PepsiCo, Nestlé Waters, Danone and Red Bull. Next in line to these multi-national brand players are locally and regionally significant companies like Suntory, BritVic, Kirin, Asahi and the brand players’ bottling partners like Coca-Cola European Partners (CCEP), FEMSA and similar companies.
The market for Non-Alcoholic Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafés, bars and similar hospitality service establishments. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. This means, market totals are not comparable to published data from prior years. The price per unit always references liters as a base unit for both at-home and out-of-home consumption.

Market

Region

Region comparison

Currency

Analyst Opinion

Growing awareness for health and wellness has put pressure on the sugared mainstays of the non-alcoholic drinks business: carbonated soft drinks, such as cola beverages and lemonades. Spending is shifting towards healthier, less-sugared products like bottled water and some non-carbonated soft drinks (like ready-to-drink tea and coffee). A stable pillar of the industry is the food service market as roughly two out of five US$ spent globally on non-alcoholic drinks are attributable to consumption away from home.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on total consumer spending on Non-Alcoholic Drinks, which comprises all private household spending on Non-Alcoholic Drinks including at-home, out-of-home, as well as online and offline spendings.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.