The Latest Global Beverage Industry Statistics Explained
The global beverage industry was valued at $1.276 trillion in 2020.
The statistic indicates that the global beverage industry, comprised of various types of drink products, such as soft drinks, alcoholic beverages, and hot beverages, had a total market value of $1.276 trillion in the year 2020. This substantial figure illustrates the significant economic scale and importance of the industry on a worldwide level. Factors contributing to this valuation include consumer demand for a wide range of beverages, ongoing innovation in product development, and the widespread distribution of beverages across various markets. The industry’s valuation serves as a key indicator of its overall size and impact in the global economy, reflecting the substantial revenue generated by beverage manufacturers and sellers worldwide.
Asia Pacific led the global beverage market with a 41.7% revenue share in 2019.
The statistic “Asia Pacific led the global beverage market with a 41.7% revenue share in 2019” indicates that the Asia Pacific region generated the highest revenue compared to other regions in the world for the beverage industry in 2019. This means that consumers in countries within the Asia Pacific region spent a significant amount of money on beverages such as soft drinks, bottled water, tea, coffee, and alcoholic drinks. The substantial revenue share of 41.7% highlights the strong presence and importance of the Asia Pacific market in the global beverage industry, reflecting the region’s economic growth, population size, and cultural preferences for various types of beverages.
The global soft drink market size was valued at USD 253.7 billion in 2020.
The statistic “The global soft drink market size was valued at USD 253.7 billion in 2020” represents the total estimated monetary value of sales within the worldwide soft drink industry for the year 2020. This figure encompasses the collective revenues generated by the production, distribution, and sale of various soft drink products such as carbonated sodas, non-carbonated beverages, energy drinks, and flavored waters on a global scale. Such a statistic provides valuable insights into the economic significance and market dynamics of the soft drink industry, indicating its considerable size and the substantial consumer demand for these products on a global level.
Carbonates held the biggest share in the global soft drink market in 2020.
The statistic indicates that carbonates, which refer to carbonated soft drinks such as colas and sodas, accounted for the largest portion of sales within the global soft drink market in the year 2020. This suggests that carbonated beverages were the most popular type of soft drink consumed worldwide during that period compared to other categories like fruit juices, sports drinks, or flavored water. The dominance of carbonates in the market could be attributed to factors such as widespread brand recognition, extensive marketing efforts by major beverage companies, and consumer preferences for the fizzy and sweet taste that carbonated drinks offer. Ultimately, this statistic highlights carbonates as a key driver of revenue and consumer demand within the global soft drink industry.
Energy drinks market worldwide is expected to grow by 7.20% annually and reach $86.01 billion by 2026.
The statistic indicates that the global energy drinks market is projected to expand at a compound annual growth rate (CAGR) of 7.20% over the forecast period, ultimately reaching a value of $86.01 billion by 2026. This growth is significant and suggests a strong market demand for energy drinks worldwide. Factors contributing to this growth may include changing consumer lifestyles, increasing awareness about energy drinks, and the expanding availability of these products in various regions. The anticipated growth rate and projected market value provide valuable insights for companies operating within the energy drinks sector, guiding strategic decisions and investments to capitalize on this growing market opportunity.
Global beer industry is projected to reach $852.39 billion by 2027.
The statistic that the global beer industry is projected to reach $852.39 billion by 2027 indicates the significant growth and value of the industry over the coming years. This projection suggests a robust and expanding market for beer products worldwide, with rising demand and increasing investments driving the industry’s growth trajectory. The figure highlights the economic importance and scale of the global beer market, showcasing opportunities for businesses and investors to capitalize on the evolving consumer preferences and market trends within this sector.
The global wine market reached a value of US$ 363.4 Billion in 2020.
The statistic that the global wine market reached a value of US$ 363.4 Billion in 2020 indicates the substantial economic significance and scale of the wine industry worldwide. This figure represents the total monetary value of all wine sales and transactions across the globe during that year. The size of the market suggests strong consumer demand for wine products, with consumers collectively spending a significant amount on purchasing wine. The growth and value of the market can be influenced by various factors such as consumer preferences, production trends, economic conditions, and global trade dynamics. Overall, the statistic underscores the importance of the wine industry as a major economic sector and highlights its impact on the global economy.
Sales of non-alcoholic beer is expected to reach nearly $30 billion by 2025.
The statistic indicates that the sales of non-alcoholic beer are projected to increase significantly, potentially reaching close to $30 billion by the year 2025. This suggests a growing consumer interest and demand for non-alcoholic beer products, potentially driven by health-conscious consumers seeking alcohol-free alternatives, as well as evolving beverage trends in the market. The substantial projected increase in sales reflects a lucrative and expanding market for non-alcoholic beer producers and highlights a shifting consumer preference towards healthier and more diverse beverage options.
China was the largest market for alcoholic beverages worldwide in 2018.
The statistic highlights that in 2018, China held the position as the largest market for alcoholic beverages globally, indicating the country’s significant consumption and purchasing power in the alcohol industry. This suggests that the demand for alcoholic beverages in China surpassed that of any other country, making it a key player in the global alcoholic beverage market. Factors contributing to this statistic likely include the country’s large population, rising disposable incomes, changing consumer preferences, and increasing urbanization. Understanding China’s dominance in the alcoholic beverage market provides valuable insights for producers, marketers, and policymakers seeking to tap into this lucrative market and address evolving consumer needs and preferences in the country.
Bottled water sales volume accounted for about 25.6% of total beverage consumption in the U.S. in 2019.
This statistic indicates that in 2019, bottled water sales volume significantly contributed to total beverage consumption in the U.S., comprising approximately a quarter (25.6%) of the market share. This suggests a notable preference for bottled water among consumers, potentially driven by factors such as convenience, health consciousness, and concerns about the quality of tap water. The high market share of bottled water highlights its popularity and significance in the beverage industry, reflecting consumer preferences and trends towards healthier options. Additionally, this statistic may also indicate a shift in consumer behavior away from sugary drinks and towards healthier alternatives like bottled water.
As of 2020, the global coffee market was valued at approximately 465.9 billion U.S. dollars.
The statistic indicates that in the year 2020, the worldwide coffee market had an estimated total value of around 465.9 billion U.S. dollars. This figure represents the economic worth of all coffee-related activities and transactions taking place globally within that year, encompassing the entire supply chain from coffee bean production to retail sales. The size of the market reflects the significant demand for coffee internationally, driven by consumption habits, cultural preferences, and the widespread popularity of coffee beverages. The value of the global coffee market serves as a key indicator of the economic significance and growth potential of the coffee industry on a global scale, highlighting its role as a major player in the global economy.
The global ready-to-drink (RTD) tea and coffee market is expected to reach USD 116.13 billion by 2024.
The statistic indicates that the global ready-to-drink (RTD) tea and coffee market is projected to grow substantially and reach a total value of USD 116.13 billion by the year 2024. This signifies a significant increase in demand and consumption of ready-to-drink tea and coffee products worldwide over the next few years. Factors such as changing consumer preferences towards convenience, busy lifestyles, and the increasing popularity of on-the-go beverages are driving this growth in the RTD tea and coffee market. The forecasted market value reflects the expected higher market penetration, expansion of product offerings, and increased investment in marketing and distribution channels to cater to this growing market segment.
Global fruit juice market was estimated to be around 80.6 billion dollars in 2019.
The statistic indicates that the global fruit juice market had an estimated value of approximately 80.6 billion dollars in the year 2019. This figure reflects the total worth of fruit juice sales worldwide during that specific year. The market size suggests significant consumer demand and consumption of fruit juices on a global scale. Factors such as shifting dietary preferences, health consciousness, and the availability of various fruit juice products likely contributed to the market’s substantial value. The statistic serves as a key indicator for businesses, policymakers, and investors interested in the fruit juice industry, highlighting its economic significance and potential opportunities for growth and innovation within the market.
Soft drink consumption globally amounted to 635 billion liters in 2019.
The statistic ‘Soft drink consumption globally amounted to 635 billion liters in 2019’ indicates the total volume of soft drinks consumed around the world during that year. This number highlights the significant popularity and widespread consumption of soft drinks as a beverage choice across various demographics and regions. The figure not only signifies the scale of the soft drink industry but also reflects the preferences and consumption habits of consumers on a global scale. It can provide insights into trends in beverage consumption, the impact of marketing and advertising efforts, and potential implications for public health due to the high consumption levels of sugary drinks.
By 2026, global soft drink volume sales are expected to reach over 749 billion liters.
The statistic that global soft drink volume sales are projected to surpass 749 billion liters by 2026 indicates a significant anticipated growth in consumption worldwide. This data point suggests a continued preference for soft drinks as a popular beverage choice among consumers globally. Factors contributing to this projection may include evolving consumer preferences, marketing strategies by soft drink companies, increasing disposable income in emerging markets, and changing lifestyle trends. Such a substantial volume of sales highlights the enduring popularity and widespread availability of soft drinks as a key player in the global beverage market, with implications for industry dynamics, economic impact, and public health considerations.
The global functional beverages market is anticipated to generate revenues of more than $199 billion USD by 2024.
The statistic “The global functional beverages market is anticipated to generate revenues of more than $199 billion USD by 2024” suggests that the market for functional beverages, which are beverages fortified with additional ingredients to provide health benefits beyond basic nutrition, is expected to experience significant growth over the coming years. This high revenue projection indicates a growing consumer demand for beverages that offer added functionality, such as improved energy levels, mental focus, or overall well-being. The anticipated revenue figure of over $199 billion USD by 2024 highlights the substantial economic potential of the functional beverages market and points towards a continued trend of consumers seeking products that promote health and wellness.
Global for non-alcoholic beer in 2020 amounted to around 7.3 billion U.S. dollars in sales and is projected to reach 29 billion U.S. dollars by 2030.
The statistic indicates that the global sales revenue for non-alcoholic beer in 2020 was approximately 7.3 billion U.S. dollars, with a significant projected increase to 29 billion U.S. dollars by 2030. This suggests a substantial growth trajectory for the non-alcoholic beer market over the upcoming decade. Factors contributing to this growth may include shifting consumer preferences towards healthier lifestyle choices, increased awareness of the potential health benefits of non-alcoholic beer, and improvements in the quality and variety of non-alcoholic beer offerings. The projected increase in sales revenue highlights a promising market outlook for non-alcoholic beer producers and signifies a growing demand for non-alcoholic beverage options globally.
The global non-alcoholic wine and beer market is expected to reach USD 30 Billion by 2025.
The statistic suggests that the global non-alcoholic wine and beer market is projected to grow significantly and reach a market value of USD 30 billion by the year 2025. This prediction indicates a notable shift in consumer preferences towards non-alcoholic alternatives in the beverage industry, reflecting changing lifestyle choices and increasing health consciousness among individuals. The expected growth also implies a growing demand for non-alcoholic wine and beer products, presenting a promising opportunity for industry players to capitalize on this emerging market segment and innovate to cater to evolving consumer needs.
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