Beverage Market - Forecasts from 2025 to 2030

The global beverages market is estimated to reach US$2.29 trillion by 2030, growing at a CAGR of 3.97%, from US$1.88 trillionin 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.

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 ofenergy drinksin 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 addedsugar.

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.

Global beverages market geographical outlook

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' market places 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.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

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
• South America
• Europe
• Middle East and Africa
• Asia-Pacific