Key Takeaways
- The global non-alcoholic beverage market size was valued at USD 1.05 trillion in 2022 and is projected to reach USD 1.62 trillion by 2030, growing at a CAGR of 5.6% from 2023 to 2030.
- U.S. beverage market revenue reached $484 billion in 2023, with carbonated soft drinks accounting for 24% of total sales.
- The bottled water segment in the CPG beverage industry grew by 5.2% in volume sales in 2023, reaching 15.9 billion cases globally.
- 62% of U.S. consumers aged 18-34 prefer low-sugar or sugar-free beverages as of 2023 survey.
- 45% of global consumers increased sparkling water consumption in the past year due to health focus (2024).
- In 2023, 71% of Gen Z shoppers sought functional benefits like immunity boost in beverages.
- Coca-Cola holds 19.2% global market share in carbonated soft drinks as of 2023.
- PepsiCo's beverage segment generated $29.7 billion in revenue in 2023, 42% of total sales.
- Keurig Dr Pepper commands 25% U.S. carbonated soft drink market share in 2023.
- New launches in functional beverages reached 1,200 SKUs in 2023 globally.
- Adaptogen-infused drinks saw 250 new products launched in U.S. in 2023.
- Collagen protein beverages introduced 180 new variants worldwide in 2023.
- 78% of beverage companies committed to 100% recyclable packaging by 2025.
- Plastic beverage bottle recycling rate in EU reached 58% in 2023.
- Coca-Cola pledged to use 50% recycled content in bottles by 2030, achieving 25% in 2023.
The non-alcoholic beverage industry is thriving globally due to strong demand for healthier and functional drinks.
Consumer Trends
Consumer Trends Interpretation
Market Share and Leaders
Market Share and Leaders Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Product Innovation
Product Innovation Interpretation
Sustainability and Regulation
Sustainability and Regulation Interpretation
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