The global non-alcoholic RTD beverages market is projected to register a CAGR of 4.5% during the forecast period due to the rising growth of the organized retail sector in Asia-Pacific

The global non-alcoholic RTD beverages market is projected to register a CAGR of 4.5% during the forecast period due to the rising growth of the organized retail sector in Asia-Pacific

Non-Alcoholic RTD Beverages Market is predicted to reach USD 800 million at a CAGR of 4.5% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Global Non-Alcoholic RTD Beverages Market” that contains information from 2018 to 2027. The Non-Alcoholic RTD Beverages market is estimated to register a CAGR of 4.5% during the forecast period of 2023 to 2027.


MRFR recognizes the following companies as the key players in the global Non-Alcoholic RTD Beverages market— PepsiCo (US), Keurig Dr Pepper Inc. (US), The Coca-Cola Company (US), Nestlé S.A. (Switzerland), Starbucks Corporation (US), Danone S.A. (France), LotteChilsungBeverage Co. Ltd. (South Korea), Suntory Holdings Limited (Japan), POKKA SAPPORO Food & Beverage Ltd (Japan), and Yakult Honsha Co. Ltd. (Japan).


Market Highlights


The global Non-Alcoholic RTD Beverages market is accounted to register a CAGR of 4.5% during the forecast period and is estimated to reach USD 800 million by 2027.


The non-alcoholic RTD (Ready-to-Drink) beverages market encompasses a wide range of pre-packaged drink options that are ready for immediate consumption. These beverages exclude alcohol and include choices like soft drinks, iced teas, energy drinks, and flavored waters, catering to consumers seeking convenient refreshment without alcoholic content. The market's growth is fueled by health-conscious trends and demand for on-the-go hydration choices.


Segment Analysis


The global Non-Alcoholic RTD Beverages market has been segmented based on Product Type, Packaging Type and Distribution Channel.


On the basis of Product Type, the market is segmented into functional beverages, carbonated soft drinks, tea & coffee, fruits and vegetable juice, bottled water, dairy-based beverages, and others. Energy drinks, sports drinks, and other beverages are further divided up into functional beverages. During the projection period, the category of the non-alcoholic RTD beverage market with the largest market share was bottled water.


Based on Packaging Type, the global Non-Alcoholic RTD Beverages market has been segmented into bottles, cans, and others. The category for bottles is anticipated to grow at the highest CAGR of 5.42% over the forecast period. The most widely used packaging option among beverage producers is the bottle. Glass bottles are popular with consumers because they are strong, hygienic, and aesthetically beautiful.


Based on Distribution Channel, the global Non-Alcoholic RTD Beverages market has been segmented into store-based and non-store-based. In 2019, the sector located in stores held a greater market share. The segmental expansion is also being aided by the ease of quick product delivery through offline retailers.


Regional Analysis


The global Non-Alcoholic RTD Beverages market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Non-Alcoholic RTD Beverages market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Non-Alcoholic RTD Beverages market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Non-Alcoholic RTD Beverages market comprises of Middle East, Africa, and Latin America.


The Asia-Pacific Non-Alcoholic RTD Beverages Market dominated this market in 2022. With a market share of 35.87% in 2019, Asia-Pacific held the greatest position and is also predicted to grow at the fastest rate between 2020 and 2027. The second-largest market in 2019 was Europe, and it is anticipated that throughout the review period, it will grow at a CAGR of 4.5%.


Additionally, it is projected that North America would be a lucrative market for producers of non-alcoholic RTD beverages. The interest in diverse non-alcoholic RTD beverages among the North American population has increased due to a change in customer taste and demand for healthier beverages. This has been one of the main factors influencing the market's expansion. This change may be seen in the population's ongoing trend away from alcoholic beverages and towards low- or no-alcohol, healthy drinks, notably in the US.


Moreover, in 2019, the non-alcoholic RTD beverage industry in Asia-Pacific held the largest market share worldwide. In the Asia-Pacific area, different non-alcoholic RTD drinks are still in their infancy. However, a sizable population that favours healthy beverages is anticipated to open up profitable chances in the years to come. The significant percentage of millennials in the area favours healthy beverages. Furthermore, it is projected that the market will develop significantly throughout the study period due to the considerable influence of western cultures on healthy eating habits. The expanding middle-class population and widespread urbanisation have contributed to an increase in the use of non-alcoholic beverages.


Key Findings of the Study



  • The global Non-Alcoholic RTD Beverages market is expected to reach USD 800 million by 2027, at a CAGR of 4.5% during the forecast period.

  • The Asia-Pacific Non-Alcoholic RTD Beverages Market dominated this market in 2022. With a market share of 35.87% in 2019, Asia-Pacific held the greatest position and is also predicted to grow at the fastest rate between 2020 and 2027.

  • Based on Packaging Type, The category for bottles is anticipated to grow at the highest CAGR of 5.42% over the forecast period.

  • PepsiCo (US), Keurig Dr Pepper Inc. (US), The Coca-Cola Company (US), Nestlé S.A. (Switzerland), Starbucks Corporation (US), Danone S.A. (France), LotteChilsungBeverage Co. Ltd. (South Korea), Suntory Holdings Limited (Japan), POKKA SAPPORO Food & Beverage Ltd (Japan), and Yakult Honsha Co. Ltd. (Japan).

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