Beverages Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Alcoholic Beverages and Non-Alcoholic Beverages), By Packing Type (Bottles, Tins, Cans, and Others), By Distribution Channels (Supermarkets, Food Services, Sector, Convenience Stores, Specialty Stores, and Online Retails), and Region Forecast 2019-2030

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Beverages Market size was valued at USD 3.7 trillion in 2023 and is expected to grow at CAGR of 2.9% from 2024 to 2030. The market is driven by major factors such as a rise in consumer preference for health and wellness, increasing innovations in formulation, and rising disposable incomes. Health-conscious consumers drive the demand for functional beverages with additional benefits like added vitamins, minerals, and probiotics. In addition, there is a discernible premiumization trend that is driving customers toward niche and premium-quality drinks like organic juices and artisanal spirits. By enhancing convenience and lessening environmental effects, innovative packaging and sustainable development also support market expansion. On the other hand, certain restrictions exist in the market, like strict regulatory standards and fluctuating raw material costs.

Some aspects may keep a beverage manufacturer struggling, such as sugar content, labeling, and health claims, according to different international standards. Current market trends now reflect the increasing demand for non-alcoholic beverages, driven by a growing trend of mindful drinking, while sustainability has become more prominent, including investment in green packaging and sustainable sourcing. All these factors continue to reshape the way beverages are marketed and distributed, with an explosion in online retail channels making it easier than ever to reach and give consumers access to a diverse range of products. While growth is robust in this segment of the beverages market, alongside ever-shifting consumer preferences, it has taken on a bit of a darker tone, whereby the collected perspectives herald navigating regulatory and economic challenges to fully capitalize on emerging opportunities in the beverages market.

Beverages Market Key Developments:

  • In December 2019: PepsiCo, Inc. launched a 2020 greenhouse accelerator program in North America for emerging companies leading innovative trends.
  • In February 2019: The Coca-Cola Company plans to increase the variety of fruit-based beverages it offers in India by introducing "Colour," a sparkling drink made with grape juice.

Beverages Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

2.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Beverages Market Dynamics

The beverages market has several constraints that affect the growth and profitability of the beverage sector, which presents difficulties for producers and other industry participants. The strict regulatory environment, which differs by area and frequently entails complicated compliance requirements linked to health claims, labeling, and ingredient transparency, is one major constraint. These rules can raise operating expenses and lengthen the time it takes for new items to reach the market, but they are intended to protect consumers and prevent false information. Furthermore, changing prices for raw materials such as sugar, coffee beans, and other essential ingredients can have an impact on pricing strategies and production costs, which puts a burden on beverage firms' finances.

These are exacerbated by disruptions in the supply chain and trade uncertainties, adding to shortages and increased costs. The rising consumer demands for transparency and sustainability mean other challenges will require investment efforts from companies in green packaging and sustainable sourcing practices. Very important to stay competitive in markets for the longer term, these investments might place an extra burden on an enterprise. Overall, these constraints call for beverage firms to carefully strategize their moves and be flexible to remain within the boundaries set by changing regulatory circumstances, which can complicate the management of production costs and influence the changed consumer demands in the beverages market.

Beverages Market Segmentation

By Product Type

  • Alcoholic beverage
  • Non-alcoholic beverage

By Packing Type

  • Bottles
  • Cans
  • Tins
  • others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Food Services Sector
  • Convenience Stores
  • Specialty Stores
  • Online Retails

Geography

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The beverages market size was valued at USD 3.7 trillion in 2023 and is expected to grow at a CAGR of 2.9% over the forecast year to reach USD 4.5 trillion in 2030.

The beverages market is growing with a rise in consumer preference for health and wellness, increasing innovations in formulation, and rising disposable incomes.

The increasing demand for non-alcoholic beverages, driven by a growing trend of mindful drinking, while sustainability has become more prominent, including investment in green packaging and sustainable sourcing are the trends in the beverages market.

North America is the dominant region in the beverages Market.

Asia-Pacific is the fastest-growing region in the agriculture analytical market.

Key Features of the Report

  • The beverages market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
1.Executive Summary
2.Global Beverages Market Introduction 
2.1.Global Beverages Market  - Taxonomy
2.2.Global Beverages Market  - Definitions
2.2.1.Product Type
2.2.2.Packing Type
2.2.3.Distribution Channel
2.2.4.Region
3.Global Beverages Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Beverages Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Beverages Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Alcoholic beverage
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Non-alcoholic beverage
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Beverages Market  By Packing Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Bottles
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cans
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Tins
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Beverages Market  By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Supermarkets/Hypermarkets
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Food Services Sector
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Convenience Stores
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Specialty Stores
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Online Retails
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Beverages Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Beverages Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Alcoholic beverage
9.1.2.Non-alcoholic beverage
9.2.  Packing Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Bottles
9.2.2.Cans
9.2.3.Tins
9.2.4.others
9.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Supermarkets/Hypermarkets
9.3.2.Food Services Sector
9.3.3.Convenience Stores
9.3.4.Specialty Stores
9.3.5.Online Retails
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Beverages Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Alcoholic beverage
10.1.2.Non-alcoholic beverage
10.2.  Packing Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Bottles
10.2.2.Cans
10.2.3.Tins
10.2.4.others
10.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Supermarkets/Hypermarkets
10.3.2.Food Services Sector
10.3.3.Convenience Stores
10.3.4.Specialty Stores
10.3.5.Online Retails
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Beverages Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Alcoholic beverage
11.1.2.Non-alcoholic beverage
11.2.  Packing Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Bottles
11.2.2.Cans
11.2.3.Tins
11.2.4.others
11.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Supermarkets/Hypermarkets
11.3.2.Food Services Sector
11.3.3.Convenience Stores
11.3.4.Specialty Stores
11.3.5.Online Retails
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Beverages Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Alcoholic beverage
12.1.2.Non-alcoholic beverage
12.2.  Packing Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Bottles
12.2.2.Cans
12.2.3.Tins
12.2.4.others
12.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Supermarkets/Hypermarkets
12.3.2.Food Services Sector
12.3.3.Convenience Stores
12.3.4.Specialty Stores
12.3.5.Online Retails
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Beverages Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Alcoholic beverage
13.1.2.Non-alcoholic beverage
13.2.  Packing Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Bottles
13.2.2.Cans
13.2.3.Tins
13.2.4.others
13.3.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Supermarkets/Hypermarkets
13.3.2.Food Services Sector
13.3.3.Convenience Stores
13.3.4.Specialty Stores
13.3.5.Online Retails
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.PepsiCo, Inc.
14.2.2.The Coca-Cola Company
14.2.3.Nestle S.A.
14.2.4.The Kraft Heinz Company
14.2.5.Pepper Snapple Group, Inc.
14.2.6.Reed’s, Inc.
14.2.7.Appalachian Brewing Co.
14.2.8.Arca Continental SAB de CV
14.2.9.ITO EN Ltd
14.2.10.Monster Beverage Corp
15. Research Methodology 
16. Appendix and Abbreviations 
  • PepsiCo, Inc.
  • The Coca-Cola Company
  • Nestle S.A.
  • The Kraft Heinz Company
  • Pepper Snapple Group, Inc.
  • Reed’s, Inc.
  • Appalachian Brewing Co.
  • Arca Continental SAB de CV
  • ITO EN Ltd
  • Monster Beverage Corp

Adjacent Markets