Market Highlights
Market Research Future (MRFR) analysed the global Non-alcoholic RTD Beverages market 2020 across the analysis period 2019 to 2024. As per MRFR assessment, the non-alcoholic RTD beverages market is likely to rise at 4.5% CAGR in the forecast period. By 2024, 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.
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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
The Coca-Cola Company (US), The Republic of Tea (US), Nestlé S.A. (Switzerland), Ting Hsin International Group (Taiwan), DRY Soda Company (US), Yakult Honsha Co., Ltd. (Japan), PepsiCo (US), Danone S.A. (France), POKKA SAPPORO Food & Beverage Ltd. (Japan), Starbucks Corporation (US), Lotte Chilsung Beverage Co. Ltd (South Korea), Suntory Holdings Limited (Japan), Monster Energy (US), Big Easy Blends, LLC (US), and Keurig Dr Pepper Inc. (US) are some reputed companies in the non-alcoholic RTD beverages market that are listed by MRFR.
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