The non-alcoholic beverages market comprises establishments manufacturing beverages that do not contain any alcohol. Non-alcoholic beverages provide hydration, nutrients, vitamins, sugar or calories based on the ingredients used in the manufacturing process. Non-alcoholic beverages market includes coffee and tea, soft drink, bottled water and ice manufacturing.
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The market is valued at $472 billion in 2017, and it is expected to be driven by rising societal awareness toward serious health problems. Asia Pacific is the largest region in the market in 2017, accounting for two-fifth share of the market.
The non-alcoholic beverage industry in The Business Research Company’s report divided into two segments: soft drink and ice, and coffee and tea. Unsurprisingly, soft drink & ice was the largest segment of the non-alcoholic beverages market, accounting for near about fourth-fifth of the market. Coffee & tea covered the remaining one-fifth share of the market.
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China was the largest country in the non-alcoholic beverages market in 2017, accounting for one-fifth of the market share, due to presence of large number of non-alcoholic beverage manufacturing companies catering to a large customer base. China was followed by the USA and Japan.
The top five competitors of the market are PepsiCo, Coca-Cola, Nestlé, Suntory Holdings Limited, and Red Bull GmbH. PepsiCo was the biggest player in the market in 2017. The company operates in food with under segments like Frito-Lay, Quaker Foods, and also in beverages, it has concentrates, fountain syrups, ready-to-drink tea and coffee. It is headquartered in Purchase, New York.
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