Global Non-Alcoholic Beverage Market Overview And Competition Analysis By 2030

The Non-Alcoholic Beverage Market had an estimated revenue of US$ 793.63 billion in 2023 and is anticipated to grow at a CAGR of 6.5% to US$ 1233.30 billion by 2030. Non-Alcoholic Beverage is defined as drinkables which do not contain alcohol at a percentage greater than 0.5% by volume. Since the 90’s The Non-Alcoholic Beverage Market has witnessed a boom or a rapid expansion and diversification of the Non-Alcoholic Beverage Industry due to changing customer preferences, increased health awareness and the need for novel beverage options. Expansion in the population, urbanisation, increase in disposable incomes and shift in consumer habits are some of the key factors that affect the market size. Carbonated soft drinks (CSDs), bottled water, fruit and vegetable juices and squashes, ready-to-drink (RTD) tea and coffee, functional and health beverages and dairy substitutes are important market categories.