North America Non-Alcoholic Beverages Market Size, Segments, Growth and Trends by Forecast to 2028
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.
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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
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Asahi Group Holdings, Ltd.
Bolthouse Farms, Inc.
Califia Farms, LLC
Danone S.A.
Keurig Dr Pepper, Inc.
Nestlรฉ S.A.
PepsiCo Inc.
Red Bull
SUNTORY HOLDINGS LIMITED.
The Coca-Cola Company
- Consumer Behavior Analysis: Deep diving into purchasing patterns, consumption
habits, and evolving preferences. This analysis should encompass
demographic segmentation, lifestyle trends, and the impact of social media
and influencer marketing.
- Market Segmentation:
Identifying and analyzing key segments within the non-alcoholic beverage
market, such as bottled water, plant-based milk, energy drinks, and
functional beverages. This segmentation should be based on factors such as
product type, target audience, and distribution channels.
- Competitive Landscape:
Assessing
the market share, product portfolios, and marketing strategies of key players.
This analysis should also include an evaluation of emerging competitors and
disruptive technologies.
- Regulatory Environment: Understanding the regulatory framework governing the
non-alcoholic beverage industry, including labeling requirements, health
claims, and environmental regulations.
- Economic Factors:
Analyzing the impact of economic factors, such as inflation, consumer
spending, and supply chain disruptions, on the non-alcoholic beverage
market.
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