Key Takeaways
- The global beverage market size was valued at USD 1.62 trillion in 2022 and is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- The non-alcoholic beverage market reached USD 1.23 trillion in 2023, projected to hit USD 1.78 trillion by 2032 at a CAGR of 4.2%.
- U.S. beverage industry generated $484 billion in economic output in 2022.
- 62% of global consumers prefer low/no sugar beverages as of 2023.
- 45% of millennials consume energy drinks weekly in the U.S., 2023 survey.
- 71% of consumers seek functional health benefits in beverages, 2024 report.
- Global bottled water production reached 627 billion liters in 2022.
- U.S. soft drink production totaled 12.5 billion cases in 2023.
- Beer production worldwide hit 1.92 billion hectoliters in 2022.
- PepsiCo beverage volume sales: 25.8 billion cases in 2023.
- Anheuser-Busch InBev revenue from beverages: USD 59.38 billion in 2023.
- Diageo spirits net sales: GBP 17.11 billion for FY2023.
- 78% of beverage companies aim for net-zero emissions by 2050.
- Plastic bottle recycling rate in EU: 52% for beverages in 2022.
- Water usage in beverage production averaged 2.5 liters per liter product.
The global beverage market is large, growing, and driven by health and convenience trends.
Consumer Trends
- 62% of global consumers prefer low/no sugar beverages as of 2023.
- 45% of millennials consume energy drinks weekly in the U.S., 2023 survey.
- 71% of consumers seek functional health benefits in beverages, 2024 report.
- Plant-based milk consumption up 15% YoY globally in 2023.
- 58% of Gen Z prefer RTD alcoholic beverages over traditional options.
- Hydration focus drives 23% rise in sparkling water purchases in U.S., 2023.
- 40% of consumers aged 25-34 opt for zero-alcohol beers.
- Premiumization trend: 55% willing to pay more for craft beverages.
- Online beverage sales grew 18% in 2023 among urban consumers.
- 67% of parents choose beverages with natural ingredients for kids.
- Coffee consumption averages 2.5 cups per day for 65% of adults globally.
- Tea drinkers increased by 12% among health-conscious consumers in 2023.
- 52% of women prefer low-calorie soft drinks.
- E-commerce drives 25% of energy drink sales to under-25s.
- 49% cite convenience as top reason for RTD coffee purchases.
- Sustainable packaging influences 73% of beverage buying decisions.
- Flavored water popularity up 30% among fitness enthusiasts.
- Non-dairy alternatives consumed by 35% of lactose-intolerant adults.
- Craft spirits appeal to 41% of 21-35 year olds.
Consumer Trends Interpretation
Financial Performance
- PepsiCo beverage volume sales: 25.8 billion cases in 2023.
- Anheuser-Busch InBev revenue from beverages: USD 59.38 billion in 2023.
- Diageo spirits net sales: GBP 17.11 billion for FY2023.
- Keurig Dr Pepper gross profit margin: 57.2% in 2023.
- Constellation Brands beer segment revenue: USD 6.6 billion FY2023.
- Monster Beverage net income: USD 1.42 billion in 2023.
- Heineken NV sales volume: 199.5 million hectoliters in 2023.
- Nestle Waters Group revenue: CHF 5.7 billion in 2022.
- Red Bull GmbH revenue: EUR 10.0 billion in 2023.
- Suntory Holdings beverage sales: JPY 2.1 trillion in FY2023.
- Molson Coors EBITDA: USD 2.9 billion in 2023.
- Coca-Cola Europacific Partners operating profit: EUR 2.1 billion 2023.
- Pernod Ricard sales growth: 7% organic in FY2023.
- Brown-Forman net sales: USD 4.2 billion FY2023.
- Carlsberg Group revenue: DKK 76.7 billion in 2023.
- Average beverage industry profit margin: 12.5% in 2023.
- U.S. beverage wholesale margins averaged 28% in 2023.
- Global RTD tea market EBITDA growth: 9.2% YoY 2023.
- Wine industry average ROE: 15.4% for top firms 2023.
- Beverage packaging costs rose 8% industry-wide in 2023.
Financial Performance Interpretation
Market Size & Growth
- The global beverage market size was valued at USD 1.62 trillion in 2022 and is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- The non-alcoholic beverage market reached USD 1.23 trillion in 2023, projected to hit USD 1.78 trillion by 2032 at a CAGR of 4.2%.
- U.S. beverage industry generated $484 billion in economic output in 2022.
- Global soft drinks market size stood at USD 495.11 billion in 2023, with a projected CAGR of 5.2% through 2030.
- The energy drinks segment is expected to grow from USD 53.1 billion in 2023 to USD 92.4 billion by 2030 at CAGR 8.2%.
- Bottled water market valued at USD 283.64 billion in 2022, anticipated CAGR of 7.8% from 2023-2030.
- Global functional beverages market size was USD 141.32 billion in 2023, growing at 7.56% CAGR to 2030.
- Alcoholic beverages market projected to reach USD 1.81 trillion by 2030 from USD 1.51 trillion in 2023, CAGR 2.6%.
- Ready-to-drink (RTD) beverages market to expand from USD 96.79 billion in 2023 to USD 162.34 billion by 2030.
- Global sports drinks market valued at USD 16.37 billion in 2023, expected CAGR 6.8% to USD 27.12 billion by 2032.
- Carbonated soft drinks market size was USD 334.55 billion in 2023, projected CAGR 4.1% through 2030.
- Juice market globally valued at USD 161.02 billion in 2023, to reach USD 212.7 billion by 2030 at CAGR 4.1%.
- Global tea market size estimated at USD 57.08 billion in 2023, growing to USD 70.4 billion by 2030.
- Coffee market reached USD 262.9 billion in 2023, projected CAGR 5.4% to USD 495.5 billion by 2032.
- Beer market size was USD 761.2 billion in 2023, expected to grow at 4.5% CAGR to 2030.
- Wine market valued at USD 340.5 billion in 2022, projected to USD 456.8 billion by 2030 at CAGR 3.8%.
- Spirits market size stood at USD 528.2 billion in 2023, with CAGR 4.2% forecast to 2030.
- Asia-Pacific beverage market to grow at highest CAGR of 5.1% from 2023-2030.
- North America beverage market valued at USD 450 billion in 2022, CAGR 3.2% projected.
- Europe non-alcoholic drinks market to reach EUR 250 billion by 2028 at CAGR 4%.
Market Size & Growth Interpretation
Production & Supply
- Global bottled water production reached 627 billion liters in 2022.
- U.S. soft drink production totaled 12.5 billion cases in 2023.
- Beer production worldwide hit 1.92 billion hectoliters in 2022.
- Global coffee production was 169.98 million 60kg bags in 2022/23.
- Tea production globally stood at 6.42 million tonnes in 2022.
- Wine production reached 260 million hectoliters worldwide in 2023.
- Spirits distillation output was 5.8 billion liters in key markets 2023.
- Energy drinks manufactured 18.5 billion cans globally in 2023.
- Juice concentrate supply chain processed 2.1 million tons in 2022.
- PET bottle production for beverages: 650 billion units annually.
- Aluminum can supply hit 280 billion units for beverages in 2023.
- Sugar supply for beverages: 45 million metric tons yearly global.
- Glass bottle production for beer/wine: 75 billion units in 2022.
- Carbon dioxide supply for carbonation: 10 million tons annually.
- Citrus fruit harvest for juices: 150 million tons in 2023.
- Cocoa supply for beverages: 5.2 million tons processed 2022/23.
- Hops production for beer: 240,000 tons globally in 2023.
- Barley harvest for malting: 145 million tons in 2022.
- Grape crush for wine: 75 million tons worldwide 2023.
- Natural spring water extraction: 400 billion liters annually.
- Coca-Cola produced 31.4 billion unit cases in 2023.
Production & Supply Interpretation
Sustainability & Regulation
- 78% of beverage companies aim for net-zero emissions by 2050.
- Plastic bottle recycling rate in EU: 52% for beverages in 2022.
- Water usage in beverage production averaged 2.5 liters per liter product.
- 65% reduction in virgin plastic targeted by Coca-Cola by 2030.
- Carbon footprint of beer production: 1.5 kg CO2 per liter average.
- EU sugar tax implemented in 10 countries affecting SSBs sales.
- 92% of large beverage firms report Scope 1&2 emissions.
- Aluminum can recycling rate: 75% globally in 2023.
- Organic beverage sales grew 12% with sustainability labels.
- Beverage industry water stewardship: 45% improved efficiency 2022-23.
- FDA regulations on caffeine limits: 71mg per 12oz for sodas.
- 30% of PET bottles from recycled content in 2023 average.
- GHG emissions from supply chain: 70% of total for beverages.
- Fair trade certified coffee: 1.6 million tons annually.
- Bans on single-use plastics in 60 countries affect beverages.
- Energy use in bottling plants down 20% since 2015.
- Sugar reduction: 15% average in reformulated SSBs 2015-2023.
- Biodiversity initiatives on 25% of beverage farmland.
- Regulatory compliance costs: 5% of revenue for top firms.
- Zero-waste facilities in 40% of major beverage plants.
Sustainability & Regulation Interpretation
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