Still Drinks Market is segmented By Type, By Flavour, By Distribution Channel and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The Global Still Drinks Market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 6.50% during the forecast period (2024-2031).
Drinks with ready-to-drink fruit or non-fruit that normally have a juice level of less than 25% are referred to as still drinks. These beverages do not typically have carbonation. Also, there are functional beverages loaded with essential vitamins and minerals, as well as refreshing drinks that can be purchased in bottles with various flavors. With flavours including lemon, apple, orange, mango, and peach among others, the market offers a wide variety of flavors. There has been a significant shift in consumer preference for non-carbonated beverage alternatives, opening up new business opportunities for beverage manufacturers, which is a key factor responsible for the market growth.
Market Summary
| Metrics | Details |
| CAGR | 6.50% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Type, Flavour, Distribution Channel, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The still drinks market growth is due to rising demand for non-carbonated drinks
Increasing consumer demand for still drinks as a result of an increased preference for non-carbonated beverages globally is expected to drive the market growth over the forecast period. Also, the increasing prevalence of various health problems, including obesity and others, among consumers as a result of the consumption of carbonated beverages is expected to drive the market growth.
Prominent use of substitute products are hampering the market growth
Beverage consumption has become popular among consumers across the world. Owing to the rise in beverage consumption, a variety of brands and product variations have entered the market. The availability of many products and replacements is expected to restrain the still drinks market growth.
Market Segment Analysis
The global still drinks market is segmented based on type, flavor, application, distribution channel, and region.
Rising demand for fruit juice in the type segment
In 2022, the fruit juice segment accounted for the largest market share. Globally, people are consuming fewer soft beverages like colas and flavored sodas because of their artificial sweeteners, artificial coloring, high sugar content, phosphoric acid, and caffeine, all of which can have detrimental effects on the body. A rise in the use of inexpensive, nutritious, and speedy form of nourishment like packaged fruit juices has resulted in changing lifestyles and eating habits of consumers, which has fueled the market's expansion. Manufacturers are adding a wide variety of flavors and creating fruit juices without preservatives and sugar in an effort to increase the consumer base. These factors are driving the demand for fruit juices and in turn, drives the market growth.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
The high demand for still drinks in North America
North America held the highest market share in 2022. Consumers in Canada and the US are increasingly health-conscious, and they consume a lot of sports and energy drinks, fruit juice, and bottled water.
On the other hand, due to the increasing demand for various still drinks, including functional drinks, energy drinks, and ready-to-drink coffee and tea in countries like China, India, and Japan, the Asia Pacific market is expected to grow at the quickest rate in global worldwide market during the forecast period.
Source: DataM Intelligence Analysis (2023)
Companies and Competitive Landscape
The major global players in the market include PepsiCo, Danone, Arizona Beverages, The Coca-Cola Company, Nestle, Argo Tea, Dr Pepper Snapple Group, DÖHLER, Bisleri International, and Del Monte.
Key Developments
- In May 2022, Nexba Pty Ltd. launched a variety of energy drinks with added vitamins and prebiotics. These beverages are free of caffeine and sugar. Wild Citrus and Lemon & Yuzu are the two flavors.
- In May 2022, Upstreet Craft Brewery launched non-alcoholic craft beer at the LCBO, one of the world's leading purchasers and dealers of beverage alcohol. Upstreet Craft Brewery is a B-Corp accredited beverage company on a mission to renew the community.
- In June 2022, the exciting co-branding project between Pokka Sapporo Food & Beverage Ltd. and Chupa Chups in Japan, a Gabunomi Chupa Chups strawberry cream soda, was introduced.
Why Purchase the Report?
- To visualize the global still drinks market segmentation based on type, flavor, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of still drinks market-level with all segments.
- PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping available as Excel consisting of key products of all the major market players.
The global still drinks market report would provide approximately 93 tables, 109 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
