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Explore the latest trends and actionable insights on the Non-Alcoholic Beverages market to inform business strategy and pinpoint opportunities and risks.

Global Market Size of Retail Drinks (2017-2021, $ Billion)

Industry: Food and Drinks Specialists
Current: Market Sizing & Shares

The drinks segment globally reached $1,586 billion in 2021
A CAGR of 5.4% was seen in the global drinks segment during 2017–2021
Asia-Pacific accounts for 44% of the global market size in the drinks segment

The food and grocery segment is one of the highest-selling product categories in the retail industry. This segment encompasses food, drinks, tobacco, and household products, of which drinks account for 15%. The drinks segment is classified into non-alcoholic beverages, which include hot drinks, soft drinks, and dairy and soy drinks, and alcoholic beverages, which include beer and cider, spirits, and wines.

The drinks segment globally reached $1,586 billion in 2021, registering an increase of 7% over that in the previous year. The segment grew on account of growth in the retail product categories following a recovery in demand in the post-COVID-19 pandemic period as brick and mortar stores and online stores resumed their operations after being under restrictions for almost two years.

The drinks segment grew at a CAGR of 5.4% during 2017–2021. The demand for retail drinks is increasing due to the introduction of new brands offering a plethora of options for consumers to choose from, be it alcoholic beverages or non-alcoholic beverages. Dairy and soy drinks have always been in demand and with a growing population, especially in countries such as India, the market size of non-alcoholic drinks is expected to increase steadily.

Consumer spending on alcoholic drinks increased as people are willing to spend more on refreshments following the recovery from the pandemic. The segment is expected to grow, with a major chunk of the global population expected to turn 18 years old in the future.

Asia-Pacific accounts for 44% of the global market size in the drinks segment. China is the market leader with a share of $429 billion in 2021, contributing to 27% of the global market. The top five countries in the drinks segment in 2021 are China, the US, India, Japan, and Russia.

The major retail drinks companies that have a strong presence in the global markets include Coca-Cola, PepsiCo, Heineken, Johnnie Walker, and AB InBev.

Explore the latest trends and actionable insights on the Non-Alcoholic Beverages market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Non-Alcoholic Beverages market to inform business strategy and pinpoint opportunities and risks. Visit Report Store