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Non-Alcoholic RTD Beverages Market Analysis, Global Future Growth, Business Prospects

iCrowdNewswire   Jan 11, 2021  1:33 PM ET

Market Overview

Vendors in the global non-alcoholic RTD beverages market are witnessing competition from the existing market players and new entrants. To overcome the challenges in such a competitive market, prominent players are focusing on product launches, partnerships, mergers & acquisitions, and expansions in terms of production capacity and geographic reach. In the US, prominent players such as Starbucks Corporation and PepsiCo have entered into a partnership to produce and distribute their products. Similarly, in 2016, Dunkin Donuts and The Coca Cola Company formed a joint venture to produce and distribute RTD coffee in North America and compete directly with the Starbucks Corporation and PepsiCo partnership.

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Key Players

Some of the key players in the global Non-Alcoholic RTD Beverages Market are The Coca-Cola Company (US), Nestlé S.A. (Switzerland), The Republic of Tea (US), Ting Hsin International Group (Taiwan), Yakult Honsha Co., Ltd. (Japan), Danone S.A. (France), Lotte Chilsung Beverage Co. Ltd (South Korea), Starbucks Corporation (US), Suntory Holdings Limited (Japan), Big Easy Blends, LLC (US), Monster Energy (US), Keurig Dr Pepper Inc. (US), DRY Soda Company (US), PepsiCo (US) and POKKA SAPPORO Food & Beverage Ltd. (Japan)

Key Developments

In April 2019, Nestle S.A. introduced a new product Poland Spring ORIGIN bottled water under its brand Poland Spring. It is a natural spring water filtered by 10,000-year old glacial sands and contains no additives.

In January 2019, Big Easy Blends, LLC launched self-packed 6-ounce ready to drink pouches under its brand Welch’s Smoothies. It is available in three flavors—mixed berry, peach mango, and strawberry banana.

Market Segment

Global Non-Alcoholic RTD Beverages Market has been segmented on the basis of type, packaging type, and distribution channel.

By distribution channel, the global non-alcoholic RTD beverages market has been classified as store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to gain the lion’s share of the global non-alcoholic RTD beverages market in 2018 owing to the high availability of non-alcoholic RTD beverages in supermarkets and hypermarkets. However, the non-store-based segment is expected to exhibit a higher growth rate during the forecast period owing to the rising presence of e-retail apps and third-party online retailers in e-commerce. Manufacturers of non-alcoholic RTD beverages are opting for third-party online retailers to sell their products rather than investing capital in developing their own e-retail platforms.

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Regional Analysis

North America accounted for the largest market share in 2018 as the region is a prominent hub for numerous market players. Additionally, the increasing consumption of non-alcoholic and natural RTD beverages in North America and Europe, due to their convenience and health benefits is driving the growth of these regional markets. However, changing lifestyles of people and increasing presence of market players in India, China, Japan, and Indonesia are expected to drive the growth of the market in Asia-Pacific, with the regional market registering the highest growth rate during the forecast period of 2019 to 2024.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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