Global Beverage Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Alcoholic Beverages, Non-Alcoholic Beverages, Bottled Water, Carbonated Soft Drinks, Fruit Juice, Milk, Dairy Milk, Almond Milk, Soy Milk, Rice Milk, Coconut Milk, Cashew Milk), By Packaging Type (Cartons, Cans, Bottles, Others), By Distribution Channel (Online, Offline, Supermarkets, Departmental Stores, Specialty Stores), And By Geography – Forecast From 2019 To 2024

Published:  May 2021 Report Code: KSI061612831 Pages: 115
The global beverage market is evaluated at US$1,544.610 billion for the year 2018 and is projected to grow at a CAGR of 3.10% to reach the market size of US$1,854.589 billion by the year 2024. The market is projected to grow at a decent rate during the forecast period owing to the growing per capita global consumption of drinks in major developing regions owing to rising disposable income and changing preferences of consumers towards ready-to-drink beverages. Moreover, the growing focus by key market players is investing heavily in mergers, acquisitions, and product launches in order to gain a competitive advantage over other players also shows the growth potential of the market in the coming years. Furthermore, the growing per capita consumption of alcoholic drinks and consumer preferences regarding premium products is also expected to augment the market growth. However, rising health concerns regarding the sugar content of packed beverages coupled with health concerns regarding the consumption of alcohol may hinder the growth of the market during the forecast period. However, the launch of new products in the non-alcoholic segment such as with drinks healthier content and zero sugar is further projected to create ample opportunities for the market during the forecast period and beyond. Geographically the Asia Pacific is expected to hold the dominating share in the market owing to rising disposable income, rapid urbanization coupled with changing the lifestyle of consumers.
 
DRIVERS
Growing consumption per capita consumption of alcoholic beverages.
Rising disposable income.
Expansion of distribution channels
 
RESTRAINTS
Rising health consciousness regarding the consumption of both alcoholic and non-alcoholic beverages.
 
INDUSTRY UPDATES
In January 2019, The Coca-Cola Company acquired Chi Ltd., a leading company in beverages like juices and value-added dairy.
In August 2019, Diageo announced the acquisition of Seedlip, the world’s first distilled non-alcoholic spirits brand as a majority shareholder.
 
Some of the major players discussed in this report are Unilever, The Coca Cola Company, GCMMF (Amul), Bacardi Limited, Carlsberg Breweries A/S, and Heineken N.V. among others.

Global Beverage Market Scope:

Report Metric Details
 Market size value in 2018  US$1,544.610 billion
 Market size value in 2024  US$1,854.589 billion
 Growth Rate  CAGR of 3.10% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Packaging Type, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Unilever, The Coca Cola Company, Nestle, Pepsi co Inc., Jones Soda Co., Danone, Appalachian Brewing Company, GCMMF (Amul), Keurig Dr Pepper Inc., Bacardi Limited, Carlsberg Breweries A/S, Heineken N.V., Suntory Holding Limited, Constellation Brands Inc., Molson Coors Brewing Company, United Breweries Ltd., Brown-Forman Corporation
 Customization scope  Free report customization with purchase

 

Segmentation

The global beverages market has been analyzed through the following segments:

 
By Type 
 
Alcoholic Beverages
Non-Alcoholic Beverages  
Bottled Water
Carbonated Soft Drinks
Fruit Juice
Milk 
Dairy Milk
Almond Milk
Soy Milk
Rice Milk
Coconut Milk
Cashew Milk
 
By Packaging Type
 
Cartons
Cans
Bottles
Others
 
By Distribution Channel
 
Online
Offline
Supermarkets
Departmental Stores
Specialty Stores
 
By Geography
North America
USA
Canada
Mexico
 
South America
Brazil
Argentina
Colombia
Chile
Others
 
Europe
Germany
France
United Kingdom
Spain
Italy
Netherlands
Russia
Others
 
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Israel
Others
 
Asia Pacific
China
Japan
South Korea
India
Australia
Others
 

Frequently Asked Questions (FAQs)

Q1. What will be the beverage market size by 2024?
A1. The global beverage market is projected to reach a market size of US$1,854.589 billion in 2024.

Q2. What factors are anticipated to drive the beverage market?
A2. The market is projected to grow at a decent rate during the forecast period owing to the growing per capita global consumption of drinks in major developing regions owing to rising disposable income and changing preferences of consumers towards ready-to-drink beverages.

Q3. What are the growth prospects for the beverage market?
A3. The global beverage market is projected to grow at a CAGR of 3.10% over the forecast period.

Q4. What is the size of the global beverage market?
A4. The beverage market is evaluated at US$1,544.610 billion for the year 2018.

Q5. Which region holds the largest market share in the beverage market?
A5. The Asia Pacific is expected to hold the dominating share in the beverage market owing to rising disposable income, rapid urbanization coupled with changing the lifestyle of consumers.

1. Introduction
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline
2. Research Methodology  
2.1. Research Design
2.2. Secondary Sources
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Global Beverage Market By Type
5.1. Alcoholic Beverages
5.2. Non-Alcoholic Beverages  
5.2.1. Bottled Water
5.2.2. Carbonated Soft Drinks
5.2.3. Fruit Juice
5.2.4. Milk 
5.2.4.1. Dairy
5.2.4.2. Almond
5.2.4.3. Soy
5.2.4.4. Rice
5.2.4.5. Coconut
5.2.4.6. Cashew
6.  Global Beverage Market By Packaging Type
6.1. Cans
6.2. Bottles
6.3. Others
7. Global Beverage Market By Distribution Channel
7.1. Online
7.2. Offline
7.2.1. Supermarkets
7.2.2. Departmental Stores
7.2.3. Specialty Stores
8. Global Beverage Market By Geography
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Colombia
8.2.4. Chile
8.2.5. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Italy
8.3.6. Netherlands
8.3.7. Russia
8.3.8. Others
8.4. Middle East And Africa
8.4.1. Saudi Arabia
8.4.2. United Arab Emirates
8.4.3. South Africa
8.4.4. Israel
8.4.5. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Australia
8.5.6. Others
9. Competitive Intelligence
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments And Deals
9.3. Strategies of Key Players
10. Company Profiles
10.1. Unilever
10.2. The Coca-Cola Company
10.3. Nestle
10.4. Pepsi Co Inc.
10.5. Jones Soda Co.
10.6. Danone
10.7. Appalachian Brewing Company
10.8. GCMMF (Amul)
10.9. Keurig Dr Pepper Inc.
10.10. Bacardi Limited
10.11. Carlsberg Breweries A/S
10.12. Heineken N.V.
10.13. Suntory Holding Limited
10.14. Constellation Brands Inc.
10.15. Molson Coors Brewing Company
10.16. United Breweries Ltd.
10.17. Brown-Forman Corporation
LIST OF FIGURES
LIST OF TABLES
Unilever
The Coca Cola Company
Nestle
Pepsi co Inc.
Jones Soda Co.
Danone
Appalachian Brewing Company
GCMMF (Amul)
Keurig Dr Pepper Inc.
Bacardi Limited
Carlsberg Breweries A/S
Heineken N.V.
Suntory Holding Limited
Constellation Brands Inc.
Molson Coors Brewing Company
United Breweries Ltd.
Brown-Forman Corporation
 

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