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North America Non-Alcoholic Beverages Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type (Carbonated Soft Drinks, Juices & Nectars, Bottled Waters, Dairy-Based Beverages, Dairy Alternative Beverages, RTD Tea and Coffee, and Others), Packaging Type (Bottles, Cartons, Cans, and Pouches), Category (Sugar-Free and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
Market Report I 2022-12-23 I 144 Pages I The Insight Partners
The non-alcoholic beverages market in North America is expected to grow from US$ 309.80 million in 2022 to US$ 435.88 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.
Increasing Consumption of Bottled Water
The health priorities of consumers are changing dramatically. They are increasingly replacing sugary drinks with healthy, nutrient-enriched beverages. Bottled water has gained immense traction among consumers in recent years. It is purified drinking water free from calories and artificial ingredients, making it a healthier alternative to other beverages. Bottled water keeps the body well hydrated and boosts the body's metabolism. It acts as an appetite suppressant, which aids the weight reduction process. Moreover, it helps in cleansing the gut, thereby boosting digestive health. According to the data provided by Beverage Marketing Corporation (BMC), the consumption of bottled water in the US accounted for 15 billion gallons in 2020, up by 4.2% from 2019. According to BMC, bottled water surpassed the sales of other packaged beverages by volume. People are choosing bottled water over other sugar-dense beverages, owing to increased health concerns. These factors are driving the demand for bottled water. According to a survey conducted by The Harris Poll on behalf of the International Bottled Water Association (IBWA) in January 2020, 9 out of 10 American consumers wanted bottled water to be available wherever other beverages are sold. Bottled water is also gaining traction, owing to the presence of added minerals and other nutrients. Manufacturers of bottled water are also adding different flavors with fruity and herbal notes that are alluring a large group of consumers. In recent years, sparkling water is becoming increasingly popular among consumers as it is free of sugar, calories, and other artificial additives, unlike other carbonated beverages. Bottled water is one of the important categories in the North America non-alcoholic beverages market, and it drives most non-alcoholic beverage sales. The consumption of bottled water is expected to increase prominently in the coming years, owing to changing lifestyle of consumers and increasing preference for healthy beverages.
Market Overview
The US, Canada, and Mexico are the key contributors to the non-alcoholic beverages market in the North America. North America is a significant region for the North America non-alcoholic beverages market due to the increasing number of individuals opting for healthier alternatives. According to the Bacardi Cocktail Trends report in January 2022 in partnership with The Future Laboratory, approximately 58% of consumers globally are shifting to non-alcoholic and Low Alcoholic Volume (ABV) cocktails and beverages. With the expanding acceptance of the non-alcoholic category by consumers, manufacturers in the market are offering innovative products and have been modernizing the current product portfolio, which is likely to increase future growth. With rising health concerns post-pandemic, consumers are shifting to healthy drinks for usual days and even on occasions. The rising demand for energy drinks and dairy alternatives is increasing, the big brands are jumping in with bulk offerings in categories, such as low-carb drinks, bottled water, and flavored mocktails options. Such factors are likely to support the growth of the North America non-alcoholic beverages market. The growing number of health- and fitness-conscious individuals has increased the demand for non-alcoholic beverages, impacting all menu elements; the beverage category holds the biggest opportunity for flavor innovation. Also, the popularity of zero-calorie, zero-sugar, low-carb soft drinks and plant-based beverages is growing globally and increasing demand for non-alcoholic beverages. Moreover, the rising vegan population and veganism are boosting the demand for non-alcoholic beverages, such as plant-based milk. According to the Plant Based Foods Association, plant-based milk sales in the US grew by 4% in 2021 and now represent US$ 2.6 billion categories. In the past three years, plant-based milk sales increased to 33%. The factors mentioned above boost the growth of the North America non-alcoholic beverages market.
North America Non-Alcoholic Beverages Market Revenue and Forecast to 2028 (US$ Million)
North America Non-Alcoholic Beverages Market Segmentation
The North America non-alcoholic beverages market is segmented into type, packaging type, category, distribution channel, and country.
Based on type, the market is segmented into carbonated soft drinks, juices & nectars, bottled waters, dairy-based beverages, dairy alternative beverages, RTD tea & coffee, and others. The carbonated soft drinks segment registered the largest market share in 2022.
Based on packaging type, the market is segmented into bottles, cartons, cans, and pouches. The bottles segment held the largest market share in 2022.
Based on category, the market is bifurcated into sugar-free and conventional. The conventional segment held the larger market share in 2022.
Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held the largest market share in 2022.
Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Asahi Group Holdings, Ltd.; Bolthouse Farms, Inc.; Califia Farms, LLC; Danone S.A.; Keurig Dr Pepper, Inc.; Nestle S.A.; PepsiCo Inc.; Red Bull; SUNTORY HOLDINGS LIMITED.; and The Coca-Cola Company are the leading companies operating in the non-alcoholic beverages market in the North America region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. North America Non-Alcoholic Beverages Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. North America Non-Alcoholic Beverages Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Non-Alcoholic Beverages with Functional Benefits
5.1.2 Increasing Consumption of Bottled Water
5.2 Market Restraints
5.2.1 Concerns Related to High-Sugar Content of Beverages
5.3 Market Opportunities
5.3.1 Sustainable and Innovative Packaging to Appeal to Consumers
5.4 Future Trends
5.4.1 Rising Popularity of Plant-Based Beverages
5.5 Impact Analysis of Drivers and Restraints
6. Non-Alcoholic Beverages - North America Market Analysis
6.1 North America Non-Alcoholic Beverages Market -Revenue and Forecast to 2028 (US$ Billion)
7. North America Non-Alcoholic Beverages Market Analysis - By Type
7.1 Overview
7.2 North America Non-Alcoholic Beverages Market, By Type (2021 and 2028)
7.3 Carbonated Soft Drinks
7.3.1 Overview
7.3.2 Carbonated Soft Drinks: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.4 Juices & Nectars
7.4.1 Overview
7.4.2 Juices & Nectars: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.5 Bottled Waters:
7.5.1 Overview
7.5.2 Bottled Waters: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.6 Dairy-Based Beverages
7.6.1 Overview
7.6.2 Dairy-Based Beverages: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.7 Dairy Alternative Beverages
7.7.1 Overview
7.7.2 Dairy Alternative Beverages: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.8 RTD Tea and Coffee:
7.8.1 Overview
7.8.2 RTD Tea and Coffee: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.9 Others
7.9.1 Overview
7.9.2 Others: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8. North America Non-Alcoholic Beverages Market Analysis - By Packaging Type
8.1 Overview
8.2 North America Non-Alcoholic Beverages Market, By Packaging Type (2021 and 2028)
8.3 Bottles
8.3.1 Overview
8.3.2 Bottles: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8.4 Cartons
8.4.1 Overview
8.4.2 Cartons: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8.5 Cans
8.5.1 Overview
8.5.2 Cans: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8.6 Pouches
8.6.1 Overview
8.6.2 Pouches: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
9. North America Non-Alcoholic Beverages Market Analysis - By Category
9.1 Overview
9.2 North America Non-Alcoholic Beverages Market, By Category (2021 and 2028)
9.3 Sugar-Free
9.3.1 Overview
9.3.2 Sugar-Free: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
9.4 Conventional
9.4.1 Overview
9.4.2 Conventional: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
10. North America Non-Alcoholic Beverages Market Analysis - By Distribution Channel
10.1 Overview
10.2 North America Non-Alcoholic Beverages Market, By Distribution Channel (2021 and 2028)
10.3 Supermarkets & Hypermarkets
10.3.1 Overview
10.3.2 Supermarkets & Hypermarkets: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
10.4 Convenience Stores
10.4.1 Overview
10.4.2 Convenience Stores: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
10.5 Online Retail
10.5.1 Overview
10.5.2 Online Retail: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
10.6 Others
10.6.1 Overview
10.6.2 Others: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
11. North America Non-Alcoholic Beverages Market- Country Analysis
11.1 Overview
11.1.1 North America: Non-Alcoholic Beverages Market, by Key Country
11.1.1.1 US: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
11.1.1.1.1 US: Non-Alcoholic Beverages Market, By Type
11.1.1.1.2 US: Non-Alcoholic Beverages Market, by Packaging Type
11.1.1.1.3 US: Non-Alcoholic Beverages Market, by Category
11.1.1.1.4 US: Non-Alcoholic Beverages Market, by Distribution Channel
11.1.1.2 Canada: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
11.1.1.2.1 Canada: Non-Alcoholic Beverages Market, By Type
11.1.1.2.2 Canada: Non-Alcoholic Beverages Market, by Packaging Type
11.1.1.2.3 Canada: Non-Alcoholic Beverages Market, by Category
11.1.1.2.4 Canada: Non-Alcoholic Beverages Market, by Distribution Channel
11.1.1.3 Mexico: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
11.1.1.3.1 Mexico: Non-Alcoholic Beverages Market, By Type
11.1.1.3.2 Mexico: Non-Alcoholic Beverages Market, by Packaging Type
11.1.1.3.3 Mexico: Non-Alcoholic Beverages Market, by Category
11.1.1.3.4 Mexico: Non-Alcoholic Beverages Market, by Distribution Channel
12. Industry Landscape
12.1 Overview
12.2 Partnership
12.3 New Product Development
12.4 Expansion
13. Company Profiles
13.1 The Coca-Cola Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Nestle S.A.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Red Bull
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Califia Farms, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Keurig Dr Pepper, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Asahi Group Holdings, Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Danone S.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SUNTORY HOLDINGS LIMITED.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Bolthouse Farms, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 PepsiCo Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Non-Alcoholic Beverages Market -Revenue and Forecast to 2028 (US$ Billion)
Table 2. US Non-Alcoholic Beverages Market, by Type - Revenue and Forecast to 2028 (US$ Billion)
Table 3. US Non-Alcoholic Beverages Market, by Packaging Type- Revenue and Forecast to 2028 (US$ Billion)
Table 4. US Non-Alcoholic Beverages Market, by Category- Revenue and Forecast to 2028 (US$ Billion)
Table 5. US Non-Alcoholic Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Billion)
Table 6. Canada Non-Alcoholic Beverages Market, By Type - Revenue and Forecast to 2028 (US$ Billion)
Table 7. Canada Non-Alcoholic Beverages Market, by Packaging Type- Revenue and Forecast to 2028 (US$ Billion)
Table 8. Canada Non-Alcoholic Beverages Market, by Category- Revenue and Forecast to 2028 (US$ Billion)
Table 9. Canada Non-Alcoholic Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Billion)
Table 10. Mexico Non-Alcoholic Beverages Market, By Type - Revenue and Forecast to 2028 (US$ Billion)
Table 11. Mexico Non-Alcoholic Beverages Market, by Packaging Type- Revenue and Forecast to 2028 (US$ Billion)
Table 12. Mexico Non-Alcoholic Beverages Market, by Category- Revenue and Forecast to 2028 (US$ Billion)
Table 13. Mexico Non-Alcoholic Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Billion)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Non-Alcoholic Beverages Market Segmentation
Figure 2. North America Non-Alcoholic Beverages Market Segmentation - By Country
Figure 3. North America Non-Alcoholic Beverages Market Overview
Figure 4. North America Non-Alcoholic Beverages Market: By Category
Figure 5. North America Non-Alcoholic Beverages Market: By Country
Figure 6. North America Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. North America Ecosystem: Non-Alcoholic Beverages Market
Figure 9. North America Non-Alcoholic Beverages Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 11. North America Non-Alcoholic Beverages Market Revenue Share, By Type (2021 and 2028)
Figure 12. North America Carbonated Soft Drinks: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 13. North America Juices & Nectars: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 14. North America Bottled Waters: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 15. North America Dairy-Based Beverages: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 16. North America Dairy Alternative Beverages: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 17. North America RTD Tea and Coffee: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 18. North America Others: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 19. North America Non-Alcoholic Beverages Market Revenue Share, By Packaging Type (2021 and 2028)
Figure 20. North America Bottles: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 21. North America Cartons: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 22. North America Cans: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 23. North America Pouches: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 24. North America Non-Alcoholic Beverages Market Revenue Share, By Category (2021 and 2028)
Figure 25. North America Sugar-Free: Non-Alcoholic Beverages Market- Revenue and Forecast To 2028 (US$ Billion)
Figure 26. North America Conventional: Non-Alcoholic Beverages Market- Revenue and Forecast To 2028 (US$ Billion)
Figure 27. North America Non-Alcoholic Beverages Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 28. North America Supermarkets & Hypermarkets: Non-Alcoholic Beverages Market- Revenue and Forecast To 2028 (US$ Billion)
Figure 29. North America Convenience Stores: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 30. North America Online Retail: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 31. North America Others: Non-Alcoholic Beverages Market - Revenue and Forecast To 2028 (US$ Billion)
Figure 32. North America: Non-Alcoholic Beverages Market, by Key Country- Revenue (2021) (US$ Million)
Figure 33. North America: Non-Alcoholic Beverages Market Revenue Share, by Key Country (2021 and 2028)
Figure 34. US: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
Figure 35. Canada: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
Figure 36. Mexico: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
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