Latin America Non-Alcoholic Beverage Market

Latin America Non-Alcoholic Beverage Market Size (2024 to 2029)

The size of the Latin American non-alcoholic beverage market is expected to be worth USD 84.62 billion in 2024 and grow at a CAGR of 6.95% from 2024 to 2029 to achieve USD 118.41 billion by 2029. The Latin America Non-Alcoholic Beverage market is developing at an exceptionally quick pace.

Non-alcoholic beverages are the ones that do not contain alcohol. These beverages hydrate, and some provide important nutrients and vitamins the body needs. Others energize and provide the required sugar and calories. Other uses of Non-alcoholic beverages in hotels are for the use of making cocktails and mocktails, As they stimulate the plate & act as an aperitif. They are found in different forms like in packets, bottles, canned, pressured containers, etc. Some examples of beverages are e.g. aerated waters, mineral water, juices, squashes, syrups, tonics, soda, Pepsi, coke, root beer, etc.

The significant driver is the change in consumer shifts in the food and beverages segment and the rising spending of populations on non-alcoholic drinks attributed to increasing per-capita incomes. Also surge in health concerns has led a large chunk of the population in developed and developing regions to prefer non-alcoholic over alcoholic drinks in developed and developing nations is boosting the industry. Also, growing food and beverage industries are further expected to boost this industry.

This research report on the Latin American non-alcoholic beverage market is segmented and sub-segmented into the following categories.

Latin America Non-Alcoholic Beverage Market By Product Type

• Soft Drinks
• Dairy Drinks
• Tea & Coffee
• Bottled Water
• Juice
• Others

The soft drinks segment has nearly covered 30% of the market share. The tea & coffee segment is expected to grow at the highest rate and is identified as one of the profitable targets for investment.

Latin America Non-Alcoholic Beverage Market By Distribution Channel

• Specialty Stores
• Online Stores
• Super Markets/ Hyper Markets
• Convenience Stores
• Departmental Stores
• Others

Latin America Non-Alcoholic Beverage Market By Region

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

The market is anticipated to keep thriving in both created and created districts. The huge rise in spending has increased the demand for this industry.

KEY MARKET PLAYERS

Major Key Players in the Latin America non-alcoholic beverage market are Coco-Cola Company, PepsiCo, Inc., Nestle S.A., Danone, Calcol, Inc., Livewire Energy, Attitude Drinks, Co., Dydo Drinco, Dr. Pepper Snapple Group, A.G. Barr and Other