At 5.6% CAGR, the Europe Non-Alcoholic Beverages Market is projected to be worth US$ 500.28 million by 2028, says Business Market Insights

According to the Insight Partners’ research, the Europe non-alcoholic beverages market was valued at US$ 360.55 million in 2022 and is expected to reach US$ 500.28 million by 2028, registering a CAGR of 5.6% from 2022 to 2028. Increasing consumption of bottled water and rising popularity of plant-based beverages are the critical factors attributed to the market expansion.

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. 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 Europe 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.

 On the contrary, concerns related to high-sugar content of beverages hurdles the growth of Europe non-alcoholic beverages market.

Based on type, the Europe non-alcoholic beverages market is segmented into carbonated soft drinks, juices & nectars, bottled waters, dairy-based beverages, dairy alternative beverages, RTD tea & coffee, and others. The carbonated soft drinks segment held 26.9% market share in 2022, amassing US$ 97.03 million. It is projected to garner US$ 115.24 million by 2028 to expand at 2.9% CAGR during 2022–2028.

Based on packaging type, the Europe non-alcoholic beverages market is segmented into bottles, cartons, cans, and pouches. The bottles segment held 52.9% market share in 2022, amassing US$ 190.89 million. It is projected to garner US$ 248.65 million by 2028 to expand at 4.5% CAGR during 2022–2028.

Based on category, the Europe non-alcoholic beverages market is bifurcated into sugar-free and conventional. The conventional segment held 75.9% market share in 2022, amassing US$ 273.76 million. It is projected to garner US$ 374.78 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on distribution channel, the Europe non-alcoholic beverages market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held 49.6% market share in 2022, amassing US$ 178.66 million. It is projected to garner US$ 244.75 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on country, the Europe non-alcoholic beverages market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that rest of Europe captured 51.8% market share in 2022. It was assessed at US$ 186.80 million in 2022 and is likely to hit US$ 249.86 million by 2028, exhibiting a CAGR of 5.0% during the forecast period.

Key players profiles in the Europe non-alcoholic beverages market report are Asahi Group Holdings, Ltd.; Bolthouse Farms, Inc.; Califia Farms, LLC; Danone S.A.; Keurig Dr Pepper, Inc.; Nestlé S.A.; PepsiCo Inc.; Red Bull; SUNTORY HOLDINGS LIMITED.; and The Coca-Cola Company, among others.

• In March 2021, Red Bull Summer Edition Dragon Fruit is the latest in the Red Bull Summer series that has also included Watermelon, Beach Breeze, and Coconut Berry. The flavor contains the same amount of caffeine as the original Red Bull – 80mg of caffeine per 25cl serving.
• In Feb 2022, The new Zero Sugar Oatmilk and Oat + Almond Plantmilk Blend is the new product launch which expands dairy-free line with new plant milk.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com