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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.

Top 5 Countries in Retail Drinks by Market Size (2021, $ Billion)

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

The drinks segment globally reached $1,586 billion in 2021
China is the market leader with a share of $429 billion in 2021
The top five countries in the drinks segment have a combined share of 59%

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.

China is the market leader with a share of $429 billion in 2021 accounting for 27% of the global market size in the drinks segment.

China is followed by the US with a share of almost $300 billion making up 19% of the global market size. India comes third with $78 billion, closely followed by Japan with $75 billion, and Russia with $62 billion making them the top five countries in the drinks segment with a combined share of 59%.

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, the market size of these drinks is expected to increase steadily.

Furthermore, with the recovery from the COVID-19 pandemic and the subsequent restrictions, the general public has become more spendthrift and is willing to spend more on different experiences and enjoy themselves making the drinks segment a lucrative one in the Food & Grocery industry.

The major retail drinks players which have a strong dominance in the global markets include Coca-Cola, PepsiCo, Heineken, Johnnie Walker, and AB InBev among others.

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