Non-Alcoholic RTD Beverages Market
Food And Beverages

Comprehensive Non-Alcoholic RTD Beverages Market Analysis 2024: Size, Share, And Key Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

As per The Business Research Company’s Non-Alcoholic RTD Beverages Global Market Report 2024, the non-alcoholic RTD beverages market is expected to show significant growth in the forecast period.

 

The non-alcoholic ready-to-drink (RTD) beverages market has seen impressive growth in recent years. This blog explores the factors driving this expansion, major trends, and key players in the industry.

 

Market Growth Overview

Current and Future Growth:

  • Market size grew from $1012.52 billion in 2023 to $1079.66 billion in 2024, at a CAGR of 6.6%.
  • Expected to reach $1369.79 billion by 2028, with a CAGR of 6.1%.

Historical Growth Drivers:

  • Parental Preference for Home Care: Families prefer home care options, boosting demand for convenient beverages.
  • Cost-Effectiveness: RTD beverages offer affordable hydration solutions.
  • Shorter Hospital Stays: Increased use of home medical equipment.
  • Focus on Family-Centered Care: Emphasis on family health and wellness.
  • Advances in Home Medical Equipment: Improved accessibility and convenience.
  • Increased Pediatric Population: Higher consumption among children.

Forecasted Growth Drivers:

  • Rising Awareness and Education: Better consumer knowledge about health benefits.
  • Shift Toward Value-Based Care: Emphasis on health outcomes.
  • Pediatric Home Infusion Therapy: Growing use in medical treatments.
  • Government Initiatives and Support: Policies promoting healthy lifestyles.
  • Chronic Disease Management: Increased need for healthy beverage options.

 

View More On The Non-Alcoholic RTD Beverages Market Report 2024 – https://www.thebusinessresearchcompany.com/report/non-alcoholic-rtd-beverages-global-market-report

 

Key Trends Shaping the Market

Personalized Medicine:

  • Customized beverages to meet individual health needs.

Pediatric Home Respiratory Care:

  • Specialized drinks supporting respiratory health for children.

Telehealth Integration:

  • Digital platforms promoting health benefits of RTD beverages.

Specialized Pediatric Services:

  • Targeted products for children’s health and wellness.

Care Coordination and Case Management:

  • Coordinated efforts to provide healthy, convenient beverage options.

Rising Demand for Non-Alcoholic Beverages

Health and Wellness Trends:

  • Consumers are increasingly choosing non-alcoholic beverages to improve their health.

Product Benefits:

  • RTD beverages hydrate, offer vital nutrients, and improve physical and mental well-being.

Market Impact:

  • In December 2022, US non-alcoholic beverage exports grew from $11.4 million in 2021 to $13.6 million, a 20% increase.

Consumer Preferences:

  • Preference for natural, health-enhancing drinks over alcoholic options.

Major Companies in the Non-Alcoholic RTD Beverages Market

Key Players:

  • PepsiCo Inc.: Leading producer of various non-alcoholic beverages.
  • The Coca-Cola Company: Dominant player with a wide range of products.
  • Nestle S.A.: Known for health-focused drinks.
  • Keurig Dr Pepper Inc.: Popular for its diverse beverage offerings.
  • Red Bull GmbH: Leading energy drink manufacturer.
  • Suntory Holdings Limited: Notable for premium RTD beverages.

Other Notable Companies:

  • Danone S.A.
  • Monster Beverage Corporation
  • Asahi Group Holdings Ltd.
  • Reeds Inc.
  • Starbucks Corporation
  • Lotte Chilsung Beverage Co. Ltd.

Innovative Plant-Based Cold Brew Lattes

Chamberlain Coffee’s New Line:

  • Launched RTD plant-based cold brew lattes in April 2023.
  • Flavors include mocha, cinnamon bun, vanilla latte, and traditional cold brew.
  • Dairy-free, made with almond milk and coconut cream, naturally sweetened.

Product Features:

  • No preservatives or artificial additives.
  • Contains date syrup with minimal sugar.

Strategic Acquisitions Enhancing Market Presence

Lucas Bols N.V. and Fluere Drinks B.V.:

  • In January 2023, Lucas Bols N.V. acquired Fluere Drinks B.V. for $1.05 million.
  • Aim to boost brand presence among bartenders and retailers.
  • Fluere Drinks offers a wide range of non-alcoholic beverages.

Market Segmentation and Regional Insights

Product Types:

  • Functional Beverages
  • Carbonated Soft Drinks
  • Tea and Coffee
  • Fruits and Vegetable Juice
  • Bottled Water
  • Dairy-Based Beverages

Packaging Types:

  • Bottles
  • Cans
  • Other Packaging Types

Distribution Channels:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retail
  • Other Distribution Channels

Regional Insights:

  • Asia-Pacific was the largest region in 2023.
  • Expected to be the fastest-growing region during the forecast period.

Conclusion

The non-alcoholic RTD beverages market is poised for significant growth, driven by rising health consciousness, product innovations, and strategic industry moves. With key players continually expanding their portfolios and embracing new trends, the market is set to flourish in the coming years.

 

Request A Sample Of The Global Non-Alcoholic RTD Beverages Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=10420&type=smp

 

The Non-Alcoholic RTD Beverages Global Market Report 2024  provides an in-depth analysis on the non-alcoholic RTD beverages market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the non-alcoholic RTD beverages market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

View More Related Reports –

Functional Beverages Global Market Report 2024

Non Alcoholic – Beverages Global Market Report 2024

Canned Alcoholic Beverages Global Market Report 2024

 

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