At 5.9% CAGR, the North America Non-Alcoholic Beverages Market is projected to be worth US$ 435.88 million by 2028, says Business Market Insights

According to the Insight Partners’ research, the North America non-alcoholic beverages market was valued at US$ 309.80 million in 2022 and is expected to reach US$ 435.88 million by 2028, registering a CAGR of 5.9% from 2022 to 2028. Rising demand for non-alcoholic beverages with functional benefits and increasing consumption of bottled water are the critical factors attributed to the market expansion.

Over the past few years, awareness regarding health and nutrition has increased significantly. Due to hectic working schedules and busy lifestyles, people cannot concentrate on their health and fitness. This has led to various health issues such as diabetes, obesity, skin diseases, eye problems, heart diseases, and cancer. The growing prevalence of such diseases has increased health awareness among consumers. Consumers are increasingly spending on health-boosting products to reduce the risk of chronic diseases. Functional beverages usually contain one or more nutrients such as proteins, vitamins & minerals, good carbs, and probiotics that address specific health concerns of consumers. They enhance the overall physical state of the body and reduce the risk of disease progression. Moreover, functional beverages keep the body well-hydrated and enhance immune health. Functional beverages also support targeted and personalized health goals such as weight management, enhancing gut and immune health, and improving skin and hair health. This factor has enhanced their popularity among consumers of various age groups. Functional beverages also help boost mood and control stress and fatigue. Many people deal with different kinds of stresses every day related to work, family issues, financial obligations, and health problems. According to a whitepaper published by Kerry Group Plc in 2021, 40% of adults experience stress every day. Stress leads to problems such as improper sleep, loss of appetite, headache and dizziness, and digestive problems, which cause significant harm to the body. People, especially the younger population, are extending their health priorities toward mental wellbeing and including functional beverages in their regular diet. Functional beverages are witnessing tremendous demand among all categories of non-alcoholic beverages, owing to their numerous benefits, which is propelling the overall growth of the North America non-alcoholic beverages market.

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

Based on type, the North America 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 28.4% market share in 2022, amassing US$ 88.10 million. It is projected to garner US$ 110.92 million by 2028 to expand at 3.9% CAGR during 2022–2028.

Based on packaging type, the North America non-alcoholic beverages market is segmented into bottles, cartons, cans, and pouches. The bottles segment held 55.1% market share in 2022, amassing US$ 170.57 million. It is projected to garner US$ 225.43 million by 2028 to expand at 4.8% CAGR during 2022–2028.

Based on category, the North America non-alcoholic beverages market is bifurcated into sugar-free and conventional. The conventional segment held 73.7% market share in 2022, amassing US$ 228.22 million. It is projected to garner US$ 313.57 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on distribution channel, the North America non-alcoholic beverages market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held 57.7% market share in 2022, amassing US$ 178.82 million. It is projected to garner US$ 238.48 million by 2028 to expand at 4.9% CAGR during 2022–2028.

Based on country, the North America non-alcoholic beverages market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.0% market share in 2022. It was assessed at US$ 254.17 million in 2022 and is likely to hit US$ 352.78 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Key players profiles in the North America 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.

• Aug-2022, Fanta is adding a new and exotic limited time only flavor to its vibrant family. A caffeine-free, zero calorie beverage made with 100% natural flavors and zero sugar, Fanta Dragon Fruit Zero Sugar debuted in February 2022 and is currently available to purchase at select retailers nationwide until July 10, 2022.

• Jan-2021, Coca-Cola with Coffee and Coca-Cola with Coffee Zero Sugar brings together a great Coca-Cola taste infused with Brazilian coffee. Coca-Cola with Coffee is available nationwide in three signature flavors – Dark Blend, Vanilla, and Caramel – and its zero-sugar counterpart comes in Dark Blend and Vanilla. All varieties are shelf-stable and contain 69 mg of caffeine per 12-oz. can. They will be available in the ready-to-drink (RTD) coffee aisle.

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