How big is the non alcoholic beverage industry?

How large is the non-alcoholic beverage industry?

The global non-alcoholic drinks market size was valued at USD927. 50 billion in 2020 and is projected to grow at a CAGR of 5.72% during the forecast period to reach around USD1. 28 trillion by 2026.

Is the non-alcoholic beverage industry growing?

Newark, NJ, May 26, 2021 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global Non-alcoholic beverages market is expected to grow from USD 923.06 million in 2020 and to reach USD 1732.7 billion by 2028, growing at a CAGR of 8.19% during the forecast period 2021-2028.

How do you classify non-alcoholic beverages?

Non-alcoholic dispense bar beverages may be classified into five main groups:

  1. aerated waters.
  2. natural spring/mineral waters.
  3. squashes.
  4. juices.
  5. syrups.

What is the non-alcoholic beverage industry?

The non-alcoholic beverages industry encompasses liquid refreshment beverages (LRB) such as bottled water, carbonated soft drinks, energy drinks, fruit beverages, ready-to-drink coffee and tea, sports beverages and value-added water.

Is the alcohol industry growing?

Revenue in the Alcoholic Drinks market amounts to US$249,088m in 2021. The market is expected to grow annually by 9.06% (CAGR 2021-2025). The market’s largest segment is the segment Beer with a market volume of US$109,028m in 2021.

How much does the beverage industry make a year?

Alcohol plays an enormous role in our economy. In the U.S. alone, the alcohol beverage industry is responsible for sustaining more than 4 million jobs and generating almost $70 billion in annual tax revenue.

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