United States Non-Alcoholic Drinks to be Valued Over USD213 Billion by 2026
Rising inclination towards the consumption of non-carbonated drinks is the
factor that is propelling the growth of the United States' non-alcoholic drinks
market.
According to TechSci Research report, “United
States Non-Alcoholic Drinks Market, By Product Type (Carbonated
Drinks and Non-Carbonated Drinks), By Packaging Type (Bottle,
Can, Others (Tetra pack & Pouches)) By Distribution Channel
(Supermarkets/Hypermarkets, Convenience Stores/Forecourt Retailers, Departmental
Store, Online, Others (Grocery Stores, Independence store, etc.), By Region, By
Company, Forecast & Opportunities, 2026”, the United
States non-alcoholic drinks market was valued at around USD145 billion in 2020 and
is projected to grow at a CAGR of over 6% during the forecast period 2021-2026
owing to the factors such as increased health consciousness, and the rising popularity
of soft drinks.
Non-alcoholic drinks are those drinks that are either completely
alcohol-free or contain less than 0.5% alcohol by volume. Another major factor
behind the rising demand for non-alcoholic drinks is the health benefits
offered by them such as hydrating the body, improving cardiovascular health,
reducing anxiety and stress, etc. Moreover, factors such as the increasing
popularity of healthy drinks among millennials, along with the production of
innovative nutrition-based drinks, are further driving the growth of
non-alcoholic drinks on a country as well as global level. Additionally,
non-alcoholic drinks have a positive outlook due to the growing importance of
active lifestyles and increasing awareness of health benefits.
Furthermore, manufacturers of non-alcoholic drink products are pursuing
new distribution and marketing tactics as well as for opting for a sustainable
supply chain to expand their market share. These activities assist them in
increasing their sales and popularity among consumers, allowing them to stay
ahead of the competition. Moreover, due to the ever-changing nature, taste, and
preferences of consumers, the launch of a new product has risen to the top of
the priority list.
Companies are improving the quality of hot drinks and launching products
with enhanced flavors and nutrients as demand grows, such as in 2021, Pepsi
launched a mango-flavored soda. In addition, companies have encouraged
development through cross-border mergers and acquisitions, which have been
beneficial in expanding their reach. For instance, in November 2020 PepsiCo
acquired Rockstar, an energy drink company for USD3.85 billion.
Additionally, innovation in the packaging of non-alcoholic drink
products makes the products more appealing and convenient to consume. Companies
are also concentrating on improving the aesthetics and sustainability of their
product packaging, since it adds visual value to the product and encourages
buyers to purchase the product, such as Nestle uses recyclable packaging made
from sustainably sourced paper.
Browse 20 market Figures spread through 70 Pages and an
in-depth TOC on “United
States Non-Alcoholic Drinks Market”
https://www.techsciresearch.com/report/united-states-non-alcoholic-drinks-market/8028.html
The United States non-alcoholic drinks market is segmented into product
type, packaging type, package size, and distribution channel. Based on product
type, the market is fragmented into carbonated drinks and non-carbonated drinks.
Among these, it is the carbonated drinks segment that holds the prominent share
of around 60% in the United States non-alcoholic drinks market. The
functional/energy and sports drink product category is projected to grow
significantly in the coming years at a higher pace.
Components such as minerals, vitamins, amino acids, dietary fibers
(DFs), probiotics, and additional raw fruits are found in functional drinks.
Also, these drinks claim to improve athletic endurance, hydration, and energy.
These factors contribute immensely to the rising popularity of functional drinks.
Based on the distribution channel, the market is segmented into
supermarkets/hypermarkets, convenience stores/forecourt retailers, departmental
stores, online, others (grocery stores, independent stores, etc.). Among these,
the online segment is the fastest-growing segment and will continue to be in
the forecast period. Rise in the number of internet users, ease of access,
availability on a 24/7 basis, and several choices to choose from are some of
the main factors driving the growth of online sales.
In terms of regional analysis, the United States non-alcoholic market
is segmented into south, west, mid-west, and northeast. Among these, the
mid-west region of the United States is the fastest growing within the United
States non-alcoholic drinks market and is expected to maintain its dominance
throughout the forecast period. The reason being, growing health awareness
among the young and millennial population and the convenience of purchasing
carbonated soft drinks.
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The companies like PepsiCo, Inc., The
Coca–Cola Company, Keurig Dr Pepper Inc., Nestlé USA, MONSTER BEVERAGE
CORPORATION, and
Red Bull North America, Inc. are
some of the leading players operating in the global non-alcoholic drinks
market. The major non-alcoholic drink companies are expanding their
manufacturing and production bases to meet the rising demand across the
country.
“The rising prevalence of health issues such as obesity, malnutrition,
and weakened immune systems has resulted in a shift in consumer
preferences towards healthier and non-alcoholic drinks. Furthermore, the
expanded variety of non-alcoholic drinks on the market is further fueling the
growth of this industry.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United States
Non-Alcoholic Drinks Market, By Product Type (Carbonated Drink and Carbonated
Drink), By Packaging
Type (Bottle, Can, Others (Tetra pack & Pouches)) By Distribution Channel
(Supermarkets/Hypermarkets, Convenience Stores/Forecourt Retailers, Departmental
Store, Online, Others (Grocery Stores, Independence store, etc.), By Region, By Company, Forecast
& Opportunities, 2026” has evaluated the future growth potential of the
United States non-alcoholic drinks market and provides statistics and
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United States non-alcoholic drinks market.
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