Global Beverage Market Size, Share, Opportunities, And Trends By Type (Alcoholic Beverages, Non-Alcoholic Beverages (Bottled Water, Carbonated Soft Drinks, Fruit Juice, Milk (Dairy, Almond, Soy, Rice, Coconut, Cashew, Others))), By Packaging Type (Cans, Bottles, Others), By Distribution Channel (Online, Offline (Supermarkets, Departmental Stores, Convenience And Independent Stores, Foodservice)), And By Geography – Forecast From 2025 To 2030

The global beverages market is estimated to reach US$2,294.481 billion by 2030, growing at a CAGR of 3.97%, from US$1,888.607 billion in 2025.

The beverage market is anticipated to witness modest growth throughout the forecast period due to shifting consumer preferences towards ready-to-drink beverages, particularly in developing and emerging economies.

Additionally, growing alcoholic beverage consumption per capita and consumer preferences for high-end goods will probably drive market growth.

Furthermore, customers are choosing healthier drinks as a result of growing lifestyle disease prevalence increased health consciousness, and rising disposable income. For instance, according to the U.S. Bureau of Economic Analysis, personal disposable income increased from US$57,577 in 2022 to US$61,242 in 2023. In addition, the market is seeing a rise in the demand for beverages with low alcohol content by volume, particularly from millennials and baby boomers. The availability of a wider range of products with better tastes has increased the sales of low-alcohol drinks and made it easier for customers to choose products that suit their preferences.

Additionally, growing health concerns about the sugar content of packaged beverages may eventually lead to an increase in demand for fruit-based beverages with lower sugar content. For instance, as per the Centers for Disease Control and Prevention, 38.4 million people worldwide have diabetes, while 97.6 million adults who are at least 18 years old have prediabetes.

Furthermore, according to the Estonian Ministry of Social Affairs, based on absolute alcohol content, Estonian citizens drank an average of 11.2 liters (three US gallons; 2.5 imperial gallons) of alcohol per adult in 2022. A small increase in the consumption of beer, wine, and other mild alcoholic beverages was also present, but the main cause of the increase in consumption was the increase in strong alcoholic beverages like whisky, gin, and liqueur.

What are the global beverages market growth drivers?

• Increasing adoption of fruit-based beverages

The introduction of new non-alcoholic products, such as those with healthier content and based on fruits, is expected to generate significant revenues for the beverage manufacturers. For instance, Tata Consumer Products (TCPL) joined the fruit-based drinks sector in October 2022 with the launch of Fruski Juice N Jelly drink through its subsidiary NourishCo. The new introduction is in keeping with NourishCo's goal of expanding its product portfolio and becoming a prominent player in the non-alcoholic beverages category. India's ready-to-drink sector is greatly underserved.

Unbranded juices and ethnic beverages dominate the sector. The corporation identified enormous potential in this area and intends to enter the juices and ethnic beverages space with the Tata Fruski brand. In addition, in December 2022, Fresh Del Monte debuted a line of energy drinks in conjunction with Scotland-based beverage maker, Old Tom Gin. The beverages in the 'A Kick of Fruit' line include at least 20% actual fruit juice and no added sugar.

Furthermore, the introduction of new non-alcoholic products, such as those with healthier content and based on fruits, is expected to generate significant revenues for the beverage manufacturers. Furthermore, the ready-to-drink market in India is incredibly underdeveloped. Juices without brands and ethnic drinks are the market leaders.

• Increasing demand for functional and healthier beverages

The growing customer appetite for nutrient-rich beverages has compelled manufacturers to launch several nutritious products. Consumers, particularly the new generation, are becoming more adventurous and open to trying out fresh, healthier soda alternatives. The demand is driving companies to re-examine their product formulations and has influenced emerging concepts in manufacturing by highlighting the changing tastes of young customers around the world. To meet their nutritional needs and assist their good health, proper intake of healthy beverages in early life is a crucial requirement.

Consumers are becoming aware of the value of a balanced diet and an active lifestyle as a result of the increasing prevalence of diabetes in the world. They are choosing limited calorie, less sugar, or sugar-free dietary habits in foods and beverages as a result of growing health concerns and increased efforts to prevent the emergence of lifestyle diseases and are increasingly inclining towards stevia and other sugar substitutes.

What are the key geographical trends shaping the global beverages market?

The North American region is anticipated to grow at a significant rate in the forecast period due to the shifting consumer preference for non-alcoholic beverages.

Furthermore, plant-based beverages became more popular as lactose intolerance and dairy allergies became more common. The major factor propelling the growth of the beverage market in the North American market is the increasing offline and online retail sales of food and beverage products in the region. North America is also home to some of the biggest beverage-producing companies, like the Coca-Cola Company, PepsiCo, Redbull, and Keurig Dr Pepper among many others.

There is an ongoing trend towards healthier and more sustainable beverage options like plant-based milk, energy drinks, functional beverages, and sugar-free drinks. An increasing demand for convenient and on-the-go beverage options is being witnessed which is expected to drive the market growth over the forecast period. For instance, Bragg Live Food Products, a well-known producer of apple cider vinegar products, and Ardagh Group, a leading producer of glass containers, announced a partnership to introduce a new 16oz glass bottle for its line of apple cider vinegar beverages.

The need for healthier and more functional beverages is expected to drive the global beverage market's growth, and emerging countries' marketplaces will continue to rise due to increased disposable incomes and shifting consumer tastes. Technological developments, strategic advances, and rapid urbanization are anticipated to drive market expansion and diversification even further. For instance, in January 2023, Danone North America, a pioneer in the plant-based market, is boosting the plant-based creamer section in response to this expansion by introducing the new Silk Mocha Almond Creamer and So Delicious Dairy Free French Vanilla Coconutmilk Creamer.

Key developments in the global beverages market:

• In December 2024, Medusa Beverages, a global leader that provides unique and high-quality brews, announced the launch of House of the Dragon Beer, in collaboration with Warner Brothers. The latest beer features smokey and burnt notes.
• In June 2024, Starbucks Corporation, a global leader in the beverage market, announced the launch of caramel vanilla swirl iced coffee, nondairy cold foams, and other cold beverages. The company also introduced various snack products along with the beverage range.

The Global Beverages Market is analyzed into the following segments:

• By Type
  • Alcoholic Beverages
  • Non-Alcoholic Beverages
    • Bottled Water
    • Carbonated Soft Drinks
    • Fruit Juice
    • Milk
      • Dairy
      • Almond
      • Soy
      • Rice
      • Oat
      • Cashew
      • Coconut
      • Others
• By Packaging Type
  • Cans
  • Bottles
  • Others
• Distribution Channel
  • Online
  • Offline
    • Supermarkets
    • Departmental Stores
    • Convenience and Independent Stores
    • Foodservice
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific Region
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL BEVERAGES MARKET BY TYPE

5.1. Introduction

5.2. Alcoholic Beverages

5.3. Non-Alcoholic Beverages

5.3.1. Bottled Water

5.3.2. Carbonated Soft Drinks

5.3.3. Fruit Juice

5.3.4. Milk

5.3.4.1. Dairy

5.3.4.2. Almond

5.3.4.3. Soy

5.3.4.4. Rice

5.3.4.5. Oat

5.3.4.6. Cashew

5.3.4.7. Coconut

5.3.4.8. Others

6. GLOBAL BEVERAGES MARKET BY PACKAGING TYPE

6.1. Introduction

6.2. Cans

6.3. Bottles

6.4. Others

7. GLOBAL BEVERAGES MARKET BY DISTRIBUTION CHANNEL

7.1. Introduction

7.2. Online

7.3. Offline

7.3.1. Supermarkets

7.3.2. Departmental Stores

7.3.3. Convenience and Independent Stores

7.3.4. Foodservice

8. GLOBAL BEVERAGES MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Packaging Type

8.2.3. By Distribution Channel

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Packaging Type

8.3.3. By Distribution Channel

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Packaging Type

8.4.3. By Distribution Channel

8.4.4. By Country

8.4.4.1. United Kingdom 

8.4.4.2. Germany 

8.4.4.3. France

8.4.4.4. Italy

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Packaging Type

8.5.3. By Distribution Channel

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Packaging Type

8.6.3. By Distribution Channel

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Taiwan

8.6.4.6. Thailand

8.6.4.7. Indonesia

8.6.4.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. The Coca-Cola Company

10.2. Nestle

10.3. Pepsi Co Inc.

10.4. Jones Soda Co.

10.5. Appalachia Brewing Company

10.6. GCMMF (Amul)

10.7. Keurig Dr Pepper Inc.

10.8. Bacardi Limited

10.9. Carlsberg Breweries A/S

10.10. Heineken N.V. (United Breweries Group)

10.11. Brown-Forman Corporation

10.12. Redbull

10.13. Suntory Holdings Limited

10.14. Constellation Brands Inc.

10.15. Inbrew Holdings Pte Ltd (Molson Coors Brewing Company)

10.16. VINUT (Nam Viet Foods & Beverage Joint Stock Company)

The Coca-Cola Company

Nestle

Pepsi Co Inc.

Jones Soda Co.

Appalachia Brewing Company

GCMMF (Amul)

Keurig Dr Pepper Inc.

Bacardi Limited

Carlsberg Breweries A/S

Heineken N.V. (United Breweries Group)

Brown-Forman Corporation

Redbull

Suntory Holdings Limited

Constellation Brands Inc.

Inbrew Holdings Pte Ltd (Molson Coors Brewing Company)

VINUT (Nam Viet Foods & Beverage Joint Stock Company)