North America Non-Alcoholic Beverage Market is worth USD 587.48 billion in 2022 and estimated to grow at a CAGR of 5%, to reach USD 749.78 billion by 2028. The North America Non-Alcoholic Beverage market is developing at an exceptionally quick pace.
Non-alcoholic beverages are the ones which do not contain alcohol.These beverages hydrate, some provide important nutrients and vitamins the body needs. Others energize, provide required sugar and calories. Other uses of Non-alcoholic beverage 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 packet, bottle, canned, pressured container etc. some example of beverages are e.g. aerated waters, mineral water, juices, squashes, syrups, tonic, soda, pepsi, coke, root beer etc.
The significant driver is change in consumer shifts in the food and beverages segment and the rising spending of populations in non-alcoholic drinks attributed to increasing per-capita incomes. Also surge in the health concerns has led a large chunk of 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.
The North America Non-Alcoholic Beverage market is segmented on the basis of product type and region. Based on product type, the market is segmented into soft drinks, dairy drinks, tea & coffee, bottled water, juice, and others. Soft drinks segment has nearly covered 30% of the market share. Tea & coffee segment is expected to grow with highest rate and is identified as one of the profitable targets for investment. Based on distribution channel, the market is segmented into Specialty Stores, Online Store, Super Markets/ Hyper Markets, Convenience Stores, Departmental Stores and Others.
The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the highest no. share in this market .USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by industrial concerns.
Key Players in the Market:
Major key players in the North America Non-Alcoholic Beverage Market are
A.G. Barr, Dr. Pepper Snapple Group, Dydo Drinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestle S.A., PepsiCo, Inc., and the Coca-Cola Company
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