Non-Alcoholic RTD Beverages Market Analysis

Non-alcoholic RTD beverages Market Analysis

Based on product, the non-alcoholic RTD beverages market is segmented as carbonated drinks, non-carbonated drinks. Carbonated drinks held a majority market value of USD 489.94 billion in 2022. The popularity of carbonated soft drinks is driven by their refreshing and effervescent nature, making them a preferred choice for quenching thirst and enjoyment. Consumers are attracted to the wide range of flavors available in carbonated soft drinks, catering to different taste preferences. Moreover, an increasing usage will further accelerate the segmental growth.
 

Based on category, the non-alcoholic RTD beverages market is segmented as soft drinks, juices, energy drinks, ready-to-drink tea & coffee, functional beverages, dairy-based beverages. Soft drinks held a dominant market share of around 28% in 2022 and is expected to grow at a lucrative pace by 2032. Soft drinks and enhanced waters offer a flavoured and more exciting alternative to plain water, encouraging consumers to stay hydrated. These beverages often have low or no added sugars, attracting health-conscious consumers seeking natural and healthier drink choices.
 

Based on packaging, the non-alcoholic RTD beverages market is segmented as bottles, cans, tetra packs, pouches, others. Bottles held a dominant market share in 2022 and is anticipated to grow at 5.2% CAGR till 2032. Bottles offer a lightweight and portable packaging solution for on-the-go consumption, appealing to busy consumers. Bottles allow consumers to see the beverage's color and condition, enhancing product visibility. Thus, the high-quality services and growing usage of Non-alcoholic RTD beverages at places are anticipated to expedite the business growth.
 

Based on distribution channel, the non-alcoholic RTD beverages market is segmented as supermarkets & hypermarkets, convenience stores, online retailing, specialty stores, others. Supermarkets held the dominant market in 2022 and is anticipated to grow through the years. Supermarkets and hypermarkets offer a one-stop shopping experience, allowing consumers to purchase non-alcoholic RTD beverages along with other groceries and household items. These retail outlets typically carry a broad range of beverage options, giving consumers access to a diverse selection of non-alcoholic RTD beverages.
 

U.S. dominated the North American region with majority market share and a revenue of USD 117.7 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North American consumers have been increasingly health-conscious, leading to a growing demand for healthier beverage options. Non-Alcoholic RTD Beverages that are low in sugar, free from artificial additives, and contain functional ingredients with perceived health benefits have gained popularity.