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Global Non-Alcoholic Beverage Market Growth, Size, Share, Industry Report and Forecast to 2026
The global non-alcoholic drink market is forecast to grow at a CAGR of around 5.5% during the forecast period. A substantial share of the global non-alcoholic beverage market is captured by the two companies only that include the Coca-Cola Co., and PepsiCo. Inc. Coca-Cola Co. is the multinational American beverage company. The company generated revenue of $37.3 billion in 2019 from $34.3 billion in 2018. The company has more than 500 brands and more than 4,700 beverage products globally. Besides, it has 225 bottling partners globally with around 900 bottling plants. In 2019, the company’s total unit case volume (5.67 liters) increased to 30.3 billion as compared to 29.6 billion in 2018 with a growth of around 2.2%. In 2019, the company generated more than 50% of the revenue from the sparkling soft drinks segment. Around 10% of the total revenue was generated from juice, dairy & plant-based segment, 15% from the water & hydration segment, and around 15% from the coffee and tea segment.
PepsiCo. Inc is another major player operating in the non-alcoholic beverage market. It has various carbonated beverage brands including Pepsi, Mountain Dew, 7up, and Miranda. The company witnessed a growth of 4% in 2019 with revenue of $67.1 billion from $64.7 billion in 2018. Out of the total revenue, around 46% goes to the beverage segment. PepsiCo Beverages North America contributes most to the company with around 32% of the overall company’s revenue.
The share of both the above-mentioned companies is significantly high in the carbonated beverages however there are many other players operating in the Iced/packaged tea & coffee, fruit beverages, and dairy beverage market all across the globe. Some other notable companies in the market include Nestle SA, Lactalis International, and Danone S.A., Asahi Group Holdings, Ltd., Keurig Dr. Pepper Inc., Parle Agro Pvt. Ltd., and the Hangzhou Wahaha Group Co., Ltd. DMK GROUP, Fonterra Co-operative Group Ltd., Murray Goulburn Co-operative Co. Ltd., Dairy Farmers of America Inc., and The Agropur Dairy Cooperative.
Nestle SA is one of the major companies operating in the dairy beverage segment. In 2019, the company generated revenue of $96.6 billion in 2019 with organic growth of 3.5% YoY. Out of the total revenue, the company generated $24.3 billion only from the powdered and liquid beverages segment. Nescafe, Starbucks, Blue Bottle Coffee, Chameleon Cold Brew are some of the chief brands of the company operating in major economies all across the globe.
Global Non-Alcoholic Beverage Market- Segmentation
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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