North America Non-Alcoholic Beverages Market Size, Share, Trends, Analysis and Regional Forecast to 2028
The non-alcoholic beverages market in North America is expected to grow from US$ 309.80 million in 2022 to US$ 435.88 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.
Increasing Consumption of Bottled Water
The health priorities
of consumers are changing dramatically. They are increasingly replacing sugary
drinks with healthy, nutrient-enriched beverages. Bottled water has gained
immense traction among consumers in recent years. It is purified drinking water
free from calories and artificial ingredients, making it a healthier
alternative to other beverages. Bottled water keeps the body well hydrated and
boosts the body’s metabolism. It acts as an appetite suppressant, which aids
the weight reduction process. Moreover, it helps in cleansing the gut, thereby
boosting digestive health. According to the data provided by Beverage Marketing
Corporation (BMC), the consumption of bottled water in the US accounted for 15
billion gallons in 2020, up by 4.2% from 2019.
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According to BMC, bottled water surpassed the sales of other packaged beverages by volume. People are choosing bottled water over other sugar-dense beverages, owing to increased health concerns. These factors are driving the demand for bottled water. According to a survey conducted by The Harris Poll on behalf of the International Bottled Water Association (IBWA) in January 2020, 9 out of 10 American consumers wanted bottled water to be available wherever other beverages are sold. Bottled water is also gaining traction, owing to the presence of added minerals and other nutrients. Manufacturers of bottled water are also adding different flavors with fruity and herbal notes that are alluring a large group of consumers. In recent years, sparkling water is becoming increasingly popular among consumers as it is free of sugar, calories, and other artificial additives, unlike other carbonated beverages. Bottled water is one of the important categories in the North America non-alcoholic beverages market, and it drives most non-alcoholic beverage sales. The consumption of bottled water is expected to increase prominently in the coming years, owing to changing lifestyle of consumers and increasing preference for healthy beverages.
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Asahi Group Holdings, Ltd.
Bolthouse Farms, Inc.
Califia Farms, LLC
Danone S.A.
Keurig Dr Pepper, Inc.
Nestlรฉ S.A.
PepsiCo Inc.
Red Bull
SUNTORY HOLDINGS LIMITED.
The Coca-Cola Company
Furthermore, the fast-paced nature
of modern life has contributed to the increasing demand for convenient and
portable hydration solutions. Bottled water, readily available in various sizes
and formats, offers a convenient way to stay hydrated on the go. This
portability factor has further solidified its position as a staple in the daily
routines of many consumers.
The growing awareness of
environmental sustainability has also influenced consumer preferences within the
bottled water market. Manufacturers are increasingly adopting sustainable
practices, such as using recycled materials and reducing their carbon
footprint, to appeal to environmentally conscious consumers. This focus on
sustainability is expected to further enhance the appeal of bottled water in
the long term.
In conclusion, the increasing
consumption of bottled water is a multifaceted phenomenon driven by a
confluence of factors, including evolving health priorities, changing
lifestyles, and a growing emphasis on sustainability. The inherent purity and
perceived health benefits of bottled water have resonated deeply with
consumers, propelling it to the forefront of the beverage market. As consumers
continue to prioritize their health and well-being, the demand for bottled
water is expected to remain robust, solidifying its position as a dominant
force in the non-alcoholic beverage industry. The innovation within the bottled
water market, with the addition of minerals, flavors and sparkling options,
continues to drive more and more consumers to this product. The future of
bottled water consumption looks bright, reflective of the ever-increasing focus
on health and well being in the modern world.
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