What is the Historic and Current Scenario of the Non-Alcoholic RTD Beverages Market?
The non-alcoholic rtd beverages market has seen considerable growth due to a variety of factors.
•The size of the non-alcoholic RTD beverages market has seen robust growth in the past few years. Expected to expand from $1079.66 billion in 2024 to $1150.12 billion in 2025, it is estimated to have a compound annual growth rate (CAGR) of 6.5%.
The significant growth in the historical period can be credited to factors such as the inclination of parents towards home care, affordability, reduced hospital stays, emphasis on family-oriented care, advancements in home medical equipment, and a rise in the pediatric population.
What are the Forecasted Growth and Key Factors of the Non-Alcoholic RTD Beverages Market?
The non-alcoholic rtd beverages market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations indicate a robust expansion in the non-alcoholic RTD beverages market size in the coming years. The projection suggests an increase to "$1466.88 billion by 2029, with a compounded yearly growth rate (CAGR) of 6.3%.
The anticipated upswing during the forecast period can be ascribed to increasing consciousness and education, a transition towards value-based care, pediatric home infusion therapy, government incentives and assistance, and chronic disease management. Noteworthy trends during this projected period include personalized medication, pediatric home respiratory care, telehealth incorporation, specialized pediatric services, care coordination and case management.
What Are The Leading Drivers Of Growth In The Non-Alcoholic RTD Beverages Market?
The non-alcoholic RTD beverage market is set for significant growth due to the escalating desire for non-alcoholic drinks. These drinks, which are devoid of alcohol, are gaining popularity amongst consumers looking to enhance their health. In response to this growing market, producers of non-alcoholic beverages are developing a diverse array of ready-to-drink products. Such drinks not only hydrate consumers but also provide essential nutrients and vitamins, thereby promoting both physical and mental wellness. This trend is expected to fuel the non-alcoholic RTD beverage market's expansion. For example, the United States Department of Agriculture (USDA) reported that the US export sales of non-alcoholic beverages reached $11.4 million in 2021 and rose to $13.6 million in 2022, marking a 20% growth. Hence, the burgeoning preference for non-alcoholic beverages is propelling the non-alcoholic RTD beverage market.
How Are The Segments Defined Within The Global Non-Alcoholic RTD Beverages Market?
The non-alcoholic RTD beverages market covered in this report is segmented –
1) By Product Type: Functional Beverages, Carbonated Soft Drinks, Tea And Coffee, Fruits And Vegetable Juice, Bottled Water, Dairy Based Beverages, Other Products
2) By Packaging Type: Bottles, Cans, Other Packaging Types
3) By Distribution Channel: Super markets And Hyper markets, Specialty Stores, Convenience Stores, Online Retail, Other Distribution Channels
Subsegments:
1) By Functional Beverages: Energy Drinks, Sports Drinks, Nutraceutical Beverages, Enhanced Water
2) By Carbonated Soft Drinks: Regular Carbonated Soft Drinks, Diet Carbonated Soft Drinks, Flavored Carbonated Soft Drinks
3) By Tea and Coffee: Iced Tea, Iced Coffee, Ready-To-Drink Coffee Beverages, Herbal Tea
4) By Fruits and Vegetable Juice: 100% Fruit Juice, Fruit Juice Blends, Vegetable Juice, Smoothies
5) By Bottled Water: Spring Water, Purified Water, Mineral Water, Flavored Water
6) By Dairy-Based Beverages: Flavored Milk, Yogurt Drinks, Milkshakes
7) Other Products: Ready-To-Drink Soup, Plant-Based Beverages, Probiotic Drinks
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How Are New Trends Expected To Influence The Growth Of The Non-Alcoholic RTD Beverages Market?
In the non-alcoholic RTD beverage market, a major trend gaining traction is product innovation. To consolidate their influence in the market, major businesses in the non-alcoholic RTD beverage sector are creating cutting-edge products. Take, for example, Chamberlain Coffee, a US-based organic coffee producer, who in April 2023 introduced a new range of RTD plant-based Cold Brew Lattes. The lineup comes with innovative flavors like mocha latte, cinnamon bun latte, vanilla latte, and the classic cold brew. All four flavors are dairy-free, made with almond milk and coconut cream, and naturally sweetened without any preservatives or artificial colors, flavors or sweeteners. Moreover, they include date syrup, which only contributes 1 gram of sugar per serving.
Who Are the Key Players in the Non-Alcoholic RTD Beverages Market?
Major companies operating in the non-alcoholic RTD beverages market include:
• PepsiCo Inc.
• The Coca-Cola Company
• Nestle S.A.
• Keurig Dr Pepper Inc.
• Red Bull GmbH
• Suntory Holdings Limited
• Danone S.A.
• Monster Beverage Corporation
• Asahi Group Holdings Ltd.
• Reeds Inc.
• Starbucks Corporation
• Lotte Chilsung Beverage Co. Ltd.
• Pokka Sapporo Food And Beverage Ltd.
• Yakult Honsha Co. Ltd.
• Califia Farms LLC
• Bai Brands LLC
• Hint Water Inc.
• Lifeway Foods Inc.
• Health-Ade LLC
• Ocean Spray Cranberries Inc.
• Welch Foods Inc.
• Sunny Delight Beverages Company
• The J.M. Smucker Company
• The Kraft Heinz Company
• The Hershey Company
• The Campbell Soup Company
• The Kellogg Company
• Arizona beverage Company
• Innocent drinks Ltd.
What Is The Most Dominant Region In The Non-Alcoholic RTD Beverages Market?
Asia-Pacific was the largest region in the non-alcoholic RTD beverages market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global non-alcoholic RTD beverages market during the forecast period. The regions covered in the non-alcoholic RTD beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
