Emerging Trends & Insights in Global Non-Alcoholic RTD Beverages Market

 

Overview

Non-alcoholic beverages, which include water, soft drinks, juices, tea, coffee, energy drinks, and dairy products, are those that do not include alcohol. They serve people who are concerned about their health and are searching for answers that are both practical and energizing. The global non-alcoholic RTD beverages market size is expected to grow from USD 545.25 billion in 2023 to USD 945.14 billion by 2033, at a CAGR of 5.65% during the forecast period 2023-2033. Customers are looking for customization in their drinks. A growing number of customers are looking for beverages that may be customized to meet their unique requirements and tastes, especially when it comes to wellness and health.

 

Advancements in Non-Alcoholic RTD Beverages

New technology and changing customer habits caused a huge transformation in the beverage business. The global market comprises some of the leading companies in the non-alcoholic RTD beverages industry, such as PepsiCo, The Coca-Cola Company, Nestle S.A., and Starbucks Corporation. For instance, in April 2024, In the US, Boston Beer Co. has introduced General Admission, a fruit-flavored ready-to-drink (RTD) beverage that is free of alcohol.

 

Government Initiatives and Regional Market Expansion

The Green Claims Directive is a proposed rule that was passed by the European Parliament in March 2024 with the goal of regulating environmental claims and labeling schemes. Through these initiatives, they not only lessen the environmental impact of their products but also improve their brand's reputation and draw in customers who respect environmentally friendly behavior. The increased desire for unusual and international flavors is a reflection of the diversifying American population. Drinks that were formerly hard to come by on American shelves are now accessible to customers online and in physical locations. Some drinks that were once thought to be out of reach now have homes in US stores, such as kombucha, Turkish coffee, boba tea, and horchata.

 

Insights and Projections: Global Non-Alcoholic RTD Beverages Market Analysis

The report provides a summary of the global top trends and future prospects for the global non-alcoholic RTD beverages market based on historical data sets (current trends, industry statistics, and emerging trends shaping the non-alcoholic RTD beverages industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global non-alcoholic RTD beverages trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions.  

 

Growth Factors and Emerging Trends in the Non-Alcoholic RTD Beverages Industry

 

1. Growing Need for Non-Alcoholic Drinks

The demand for non-alcoholic beverages is rising among people worldwide, particularly among millennials. Consumers are rapidly choosing a healthier lifestyle at an increasing rate. Globally, a growing number of customers are conscious of the food and drinks they consume and are comparing brands to determine which is superior. Global demand for non-alcoholic beverages is being driven by factors such as growing consumer awareness, a growing number of well-informed customers with distinct perceptions, and a willingness to purchase healthier products.    

 

1. Unique Product Launches

Health consciousness is a popular trend that is driving up sales of non-alcoholic beverages due to consumers' growing desire for better substitutes for conventionally sweetened drinks. Liquids with functional advantages including vitamins, antioxidants, and hydration are becoming more and more popular among consumers as they cut down on calories, sugar, and artificial additives. Numerous categories, such as flavored water, bottled water, herbal teas, and natural fruit juices, have grown as a result of this trend.  

 

Opportunities and Future Prospects in the Non-Alcoholic RTD Beverages Industry

 

1. Personalization Trends in Non-Alcoholic RTD Beverages

Consumers are looking for individuality in their beverages. Customizable beverages that meet personal needs and tastes are in high demand, especially when it comes to wellness and health. This has contributed to the growth of DIY beverage kits including soda makers, kombucha brewing kits, and infused tea, water, and mocktails that may be made at home.  The emergence of AI-powered platforms that offer subscription services and customized blends is an intriguing development for 2024. These AI systems may generate distinctive flavor profiles by analyzing user data such as dietary limitations, taste preferences, and health objectives.

 

List of Key Companies in the Non-alcoholic RTD Beverages Industry

1. The Coca-Cola Company
2. PepsiCo Inc.
3. Monster Beverage Corporation
4. Keurig Dr Pepper Inc.
5. Fomento Económico Mexicano (FEMSA)
6. Coca-Cola FEMSA
7. Arca Continental
8. Nestlé S.A.
9. Danone S.A.
10. Others

 

Top 5 Players in the Non-alcoholic RTD Beverages Industry

 

1. PepsiCo Inc.

 

Headquarters: New York, United States

PepsiCo Inc., a food and beverage manufacturer based in the United States, was founded in 1898 and provides contract manufacturers and certified bottlers with convenient beverages, snacks, and foods. Food and non-alcoholic beverage items are produced and marketed by PepsiCo Inc. (PepsiCo). The product line of the company includes packaged water, juice, sports and energy drinks, rice cakes, cereals, oatmeal, pasta, and fountain syrups. It sells its goods under the brands Yachak, Gatorade, Lay's, Frito-Lay, Pepsi, Pepsi Max, and Mountain Dew. The business operates over more than 200 nations and territories worldwide. The corporation wants to improve its products such that they will benefit society and shareholders in the long run. The company develops cutting-edge products and adds new foods and beverages to its lineup.

 

1. Nestle SA

 

Headquarters: Waadt, Switzerland.

Nestle SA (Nestle) is a food product and beverage manufacturer and marketer. Baby food, bottled water, cereals, chocolates and candies, coffee, and culinary items are all part of the company's product line. In addition, it offers dairy products, nutritious goods, ice cream, chilled and frozen foods, plant-based cuisine, and pet care items. Nestle sells its goods under the following brands: Milo, Maggi, Buitoni, Cailler, Movenpick, Purina, Boost, Gerber, Kit Kat, Cerelac, Nescafe, Nespresso, Nido, Perrier, S.Pellegrino, Nestea, Aero, Milkybar, Nestle Ice Cream, and Nespresso. Asia, Oceania, the Americas, Europe, the Middle East, and Africa are all regions where the company operates commercially. The main office of Nestle is located in Vevey, Waadt, Switzerland.

 

1. Coca-Cola

 

Headquarters:   Atlanta, Georgia, U.S.

The Coca-Cola Company is a worldwide corporation based in the United States. It produces, distributes, and promotes syrups and concentrates for non-alcoholic beverages, such as Coca-Cola, among other soft drinks. The Coca-Cola firm (NYSE: KO) is a global beverage firm that sells its products in over 200 countries and territories.  The goal is to refresh the world and make a difference. They offer multinational companies across numerous beverage segments around the world. Their sparkling beverage brands including Coca-Cola, Sprite, and Fanta. Their water, sports, coffee, and tea products comprise Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak, and Ayataka. Their juice, the value-added dairy, and based on plants drinks including Minute Maid, Simply, innocent, Del Valle, fairlife, and AdeS.

 

1. Monster Beverage Corp

 

Headquarters: California, United States of America

Monster Beverage Corp. (Monster Beverage) produces, promotes, and distributes a variety of energy beverages. Its products comprise carbonated energy drinks, energy shakes, premium energy drinks, and pure energy seltzers. Monster Energy, BPM, BU, Java Monster, Muscle Monster, Burn, Nalu, NOS, Mother, Reign, Play, Power Play, Samurai, and Ultra Energy are some of the brands marketed and sold by the firm. Bottlers and full-service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, value shops, e-commerce retailers, mass merchandisers, convenience chains, drugstores, food service customers, and the military are among its most important clientele. The corporation has activities in the Americas, Asia Pacific, Europe, the Middle East, and Africa. Monster Beverage is headquartered in Corona, California, USA.

 

1. Keurig Dr Pepper Inc

 

Headquarters: Massachusetts, USA.

Keurig Dr Pepper Inc. (KDP) is a company that produces and distributes drinks without alcohol. Coffees, tea that is ready to drink, water, juices, carbonated soft drinks, and juice drinks and mixers are among the products offered by the company. KDP sells its goods under the brands Mott's, Van Houtte, Dr Pepper, Snapple, Keurig, Green Mountain, Donut Shop, and REVV. In addition to hypermarkets, supermarkets, mass merchandisers, e-commerce retailers, club shops, office superstores, fountains, vending machines, convenience stores, grocery and drug stores, and other small outlets, the company also provides services to a variety of bottlers, distributors, and retailers. It functions using its production facilities, storage facilities, and distribution hubs located throughout North America.

 

Recent Development

 

• In June 2024, Nestle China has introduced a line of upcycled cascara beverages that cater to the local preference for tea and the quick innovation of new products by providing customers with a dual 'coffee meets tea' drinking experience.

 

• In April 2024, a five-year strategic partnership between Microsoft Corp. and The Coca-Cola Company was announced on Tuesday. The relationship aims to facilitate the adoption of cutting-edge technology, promote creativity and productivity worldwide, and integrate Coca-Cola's fundamental technology strategy across the company.

 

• In March 2024, the Coca-Cola system's bottler, Arca Continental, stated that it plans to spend 9.35 billion pesos (MDP) in Mexico in 2024 to improve its supply chains and distribution capacities. The investment is a component of a bigger expansion project that spans nations such as Ecuador, Peru, Argentina, and the United States and has a total budget of 17 billion pesos.

 

• In February 2024, the basic Coke flavor is combined with raspberry and spicy flavors, according to Coca-Cola, which announced the new spicy flavor. When it eventually reaches shop shelves in the US and Canada, it will be offered in full-sugar and zero-sugar forms.

 

• In September 2023, the exciting new limited-edition flavor, Sting® Blue Current, an intriguing addition to PepsiCo India's Sting® Energy range, was introduced in India.

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

 

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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