United States non-alcoholic drinks
market was valued at USD145.49 billion in 2020 and is expected to grow at a
CAGR of 6.70% during the forecast period 2021-2026 to reach over USD200 billion
by 2026, on account of high disposable income and increasing focus on leading a
healthy and balanced lifestyle. Moreover, the continuous introduction of new
and innovative drinks in the market with various flavors and tastes is one of the
main factors fueling the growth of this market. Companies are coming up with
new launches of a variety of drinks to meet the ever-growing consumer demand
for both healthy and convenient options such as ready-to-drink (RTD) tea and
coffee, herbal sparking water, low-sugar smoothies, shakes, juices, and so on.
For instance, in 2020, PepsiCo launched Driftwell, a drink to aid sleep for
consumers who struggle with insomnia or stress.
Another factor contributing to the
growth of this market is the rising preferences of consumers for sports and
energy drinks. Consumers are becoming health conscious; therefore, they are
inclining more towards drinks that are fat-free or low in sugar. Moreover,
sports and energy drinks also provide benefits such as helping to maintain
weight, boosting energy, etc. These factors are driving the demand for sports
and energy drinks which is further driving the demand for non-alcoholic drinks
in the United States.
The United States
non-alcoholic drinks market is segmented based on product type, packaging type,
packaging size, distribution channel. Based on product type, the market is
further fragmented into carbonated drinks and non-carbonated drinks. Out of
which, carbonated drinks hold a maximum market share of around 60% in 2020, due
to the popularity of carbonated soft drinks in the United States market.
Further, carbonated drinks are segmented into three categories carbonated soft
drinks, non-carbonated soft drinks, others (sodas, lemon iced tea, etc.). Out
of which, carbonated soft drinks are more popular among consumers. Moreover,
functional/energy & sports drinks are the fastest-growing product category
and will continue to be during the forecast period as people are opting for a
healthy lifestyle, going to gyms and fitness centers due to which the demand
for sports & energy drinks has increased in the market.
Based on
packing type, the market is divided into bottle, can, and others (tetra pack
& pouches). Among these, others (tetra pack & pouches) are the fastest-growing
category and will remain so during the forecast period. The demand for tetra
pack and pouches are increasing in the market as they are easy to recycle.
Moreover, this type of packaging is easy to open, offers user convenience, and
has an optimal shelf life.
PepsiCo, Inc., The Coca-Cola
Company, Keurig Dr Pepper Inc., Nestlé USA, MONSTER BEVERAGE CORPORATION are
some of the companies operating in the United States non-alcoholic drinks
market. The development of non-alcoholic drinks products to enhance the product
portfolio and to capture untapped markets has driven growth in the global
non-alcoholic drinks market. Moreover, owing to the changing tastes and
preferences of consumers there has been rapid development in non-alcoholic products
by various market players.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period:
2022-2026
Objective of the Study:
- To analyze the historical growth and market
size of United States non-alcoholic drinks market from 2016 to 2020.
- To estimate and forecast the market size of
United States non-alcoholic drinks market from 2021 to 2026 and growth
rate until 2026.
- To classify and forecast United
States non-alcoholic drinks market based
on product type, package size, packaging type, distribution channel, company,
and region.
- To identify drivers and challenges for United
States non-alcoholic drinks market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
States non-alcoholic drinks market.
- To conduct pricing analysis for United
States non-alcoholic drinks market.
- To identify and analyze the profile of leading
players operating in United States non-alcoholic drinks market.
Click here to download the sample
TechSci Research performed both primary
as well as exhaustive secondary research for this study. TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors. Through
this technique, TechSci Research could include the manufacturers which could
not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers and presence of all major players across the
country.
TechSci Research calculated the market size of United States
non-alcoholic drinks market
using a top-down approach and bottom-up, wherein data for various segments was
recorded and forecast for the future years. TechSci Research source these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and other
segments for getting an appropriate, overall market size. Various secondary sources
such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target Audience:
- United States non-alcoholic drinks manufacturers and
suppliers
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to United
States non-alcoholic drinks
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as
manufacturers, suppliers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, United States
non-alcoholic drinks market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States Non-Alcoholic Drinks Market, By Product
Type:
- Carbonated Drinks
- Non-Carbonated Drinks
·
United States Non-Alcoholic Drinks Market,
By Package Size:
- Bottle
- Can
- Others (Tetra pack & Pouches)
·
United States Non-Alcoholic Drinks Market,
By Packaging Type:
- 250ml-1L
- Below 250ml
- Above 1L
- United States Non-Alcoholic Drinks Market, By Distribution
Channel:
- Supermarkets/Hypermarket
- Convenience Stores/Forecourt Retailers
- Departmental Store
- Online
o
Others (Grocery Stores, Independent store, etc.)
- United States Non-Alcoholic Drinks Market, By Region:
- South
- West
- Mid-West
- North-West
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in United States non-alcoholic drinks market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the reports:
Company Information
Detailed analysis and
profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]