Other Non-alcoholic Drinks

The global non-alcoholic drink market is expected to grow from $ 406.4 billion in 2019 to $ 513.4 billion in 2023 at a compound annual growth rate (CAGR) of 7%.
The largest region in the global non-alcoholic drink market was Asia Pacific, account for 39% of the market in 2019, followed by Western Europe at 24%. It is safe to say that the global non-alcoholic drink market is growing at a rapid rate with no signs of slowing down and main influencer of this growth is the increase in health awareness among consumers. The demand for nutrition, antioxidants and probiotics has reached an all time high and private label brands can capitalize on this consumer trend.

Because of these consumer changes and preferences the non-alcoholic drink market and industry has seen a huge boom in retail sales. This high demand has also provided the opportunity for innovative creations and products that will cater to the new wave consumers. Products which focus on health and support detoxing, weight loss, digestive health, nutrition and even in some cases act as meal replacements have been seen on the market. One of the leading non-alcoholic products which focus on health benefits is Kombucha. This drink is a fermented tea made from a mixture of yeast, bacteria, sugar and tea and the market growth of Kombucha is expected to reach 25% annual growth.
Non-alcoholic drinks can be marketed and categorized by different types such as coffee, tea, soft drinks, ice, smoothies and many more. Since non-alcoholic drinks are so popular worldwide the distribution of these products is very broad and they can be found in most supermarkets, grocery stores, specialized stores and other retail establishments.