South & Central America Non-Alcoholic Beverages Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Packaging Type, Category, and Distribution Channel

Description

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The non-alcoholic beverages market in South & Central America is expected to grow from US$ 106.12 million in 2022 to US$ 155.28 million by 2028. It is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Sustainable and Innovative Packaging to Appeal to Consumers

In recent times, consumers have become more aware of environmental sustainability. Regional population growth and urbanization are the primary causes of natural resource depletion, global warming, overflowing landfills, and infertile lands. Today, plastic waste is one of the biggest environmental problems causing significant harm to the overall ecosystem. The packaging industry accounts for the majority of plastic usage and plastic waste generation. According to Plastic Oceans International, the packaging industry is the largest end user of plastic, accounting for more than 40% of the total plastic usage. Due to the rising concerns regarding waste generation and landfills, the preference for sustainable and eco-friendly packaging has grown significantly. The manufacturers of non-alcoholic beverages are also launching products in sustainable packages to meet the changing consumer requirements and reduce their carbon footprints. PepsiCo, one of the prominent soft drink manufacturers, has partnered with Pulpex, a packaging technology company, to develop and scale the fully recyclable paper bottle. The paperboard used for developing the bottle is sustainably sourced and 100% recyclable. Moreover, the bottle is coated with a food-grade, water-based coating to prevent leaks. Before launching the bottle in the market, it will undergo extensive laboratory tests to evaluate its safety, recyclability, and performance. Such initiatives are expected to provide immense growth opportunities to the South & Central America non-alcoholic beverages market over the forecast period. Another sustainable packaging trend prevailing in the market is the increased use of post-consumer recycled (PCR) plastic. PCR plastics are made from previously used and recycled plastic bottles and other plastic items. PCR plastic supports consumer demand for sustainable packaging and reduces landfill waste from single-use plastics. The manufacturers of non-alcoholic beverages are also investing in innovative packaging to attract a large number of consumers. For instance, High Brew Coffee offers ready-to-drink coffee in self-heating cans. These cans are powered with HeatGen technology that heats the beverage within two minutes. Moreover, it has passive thermal controls that ensure the heat does not exceed the defined temperature. Such packages are projected to gain massive traction among tech-savvy consumers, opening significant growth opportunities in the South & Central America non-alcoholic beverages market.

Market Overview

Brazil, Argentina, and the Rest of South & Central America are the key contributors to the non-alcoholic beverages market in the South & Central America. The rising population and continuous improvement have positively affected the growth of the economy of Brazil and Argentina. The growing consumption of alcoholic beverages resulted in various health issues such as diabetes, obesity, skin diseases, eye problems, heart diseases, and cancer. The growing trend and rapidly increasing prevalence of such diseases have increased consumer health awareness. According to a survey conducted by Brazil's Ministry of Health, more than half of the Brazilian adult population is overweight. This suggests new opportunities for non-alcoholic beverages such as fruit, functional, and the energy drinks market. As consumers in South & Central America are shifting towards healthy beverages burring, the demand for coconut water is presented as a strong base for the development because 48% of consumers use coconut water for based blurring. Thus, the recent trends and development in South & Central America are boosting the non-alcoholic beverage market. There is a high growth of e-commerce in South & Central America due to rising internet and smartphone penetration. The sales of non-alcoholic beverages through online platforms are also increasing due to the emerging e-commerce sector in the region. The market players are strengthening their presence on online platforms to boost their revenues. This factor is expected to drive the growth of the South & Central America non-alcoholic beverages market across the region.

South & Central America Non-Alcoholic Beverages Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Non-Alcoholic Beverages Market Segmentation

The South & Central America non-alcoholic beverages market is segmented into type, packaging type, category, distribution channel, and country.

Based on type, the market is segmented into carbonated soft drinks, juices & nectars, bottled waters, dairy-based beverages, dairy alternative beverages, RTD tea & coffee, and others. The carbonated soft drinks segment registered the largest market share in 2022.

Based on packaging type, the market is segmented into bottles, cartons, cans, and pouches. The bottles segment held the largest market share in 2022.

Based on category, the market is bifurcated into sugar-free and conventional. The conventional segment held a larger market share in 2022.

Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held the largest market share in 2022.

Based on country, the market is segmented into Brazil, Argentina, and the Rest of South and Central America. The Rest of South and Central America dominated the market share in 2022.

Asahi Group Holdings, Ltd.; Bolthouse Farms, Inc.; Califia Farms, LLC; Danone S.A.; Keurig Dr Pepper, Inc.; Nestle S.A.; PepsiCo Inc.; Red Bull; SUNTORY HOLDINGS LIMITED.; and The Coca-Cola Company are the leading companies operating in the non-alcoholic beverages market in the South & Central America region.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South Central America non-alcoholic beverages market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South Central America non-alcoholic beverages market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South Central America market trends and outlook coupled with the factors driving the non-alcoholic beverages market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00027729

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis Formulation:
- 3.2.4 Macro-economic Factor Analysis:
- 3.2.5 Developing Base Number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country Level Data:

4. SAM Non-Alcoholic Beverages Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis

5. SAM Non-Alcoholic Beverages Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Non-Alcoholic Beverages with Functional Benefits
- 5.1.2 Increasing Consumption of Bottled Water
5.2 Market Restraints
- 5.2.1 Concerns Related to High-Sugar Content of Beverages
5.3 Market Opportunities
- 5.3.1 Sustainable and Innovative Packaging to Appeal to Consumers
5.4 Future Trends
- 5.4.1 Rising Popularity of Plant-Based Beverages
5.5 Impact Analysis of Drivers and Restraints

6. Non-Alcoholic Beverages - SAM Market Analysis

6.1 SAM Non-Alcoholic Beverages Market -Revenue and Forecast to 2028 (US$ Billion)

7. SAM Non-Alcoholic Beverages Market Analysis - By Type

7.1 Overview
7.2 SAM Non-Alcoholic Beverages Market, By Type (2021 and 2028)
7.3 Carbonated Soft Drinks
- 7.3.1 Overview
- 7.3.2 Carbonated Soft Drinks: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.4 Juices & Nectars
- 7.4.1 Overview
- 7.4.2 Juices & Nectars: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.5 Bottled Waters:
- 7.5.1 Overview
- 7.5.2 Bottled Waters: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.6 Dairy-Based Beverages
- 7.6.1 Overview
- 7.6.2 Dairy-Based Beverages: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.7 Dairy Alternative Beverages
- 7.7.1 Overview
- 7.7.2 Dairy Alternative Beverages: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.8 RTD Tea and Coffee:
- 7.8.1 Overview
- 7.8.2 RTD Tea and Coffee: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
7.9 Others
- 7.9.1 Overview
- 7.9.2 Others: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)

8. SAM Non-Alcoholic Beverages Market Analysis - By Packaging Type

8.1 Overview
8.2 SAM Non-Alcoholic Beverages Market, By Packaging Type (2021 and 2028)
8.3 Bottles
- 8.3.1 Overview
- 8.3.2 Bottles: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8.4 Cartons
- 8.4.1 Overview
- 8.4.2 Cartons: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8.5 Cans
- 8.5.1 Overview
- 8.5.2 Cans: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
8.6 Pouches
- 8.6.1 Overview
- 8.6.2 Pouches: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)

9. SAM Non-Alcoholic Beverages Market Analysis - By Category

9.1 Overview
9.2 SAM Non-Alcoholic Beverages Market, By Category (2021 and 2028)
9.3 Sugar-Free
- 9.3.1 Overview
- 9.3.2 Sugar-Free: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
9.4 Conventional
- 9.4.1 Overview
- 9.4.2 Conventional: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)

10. SAM Non-Alcoholic Beverages Market Analysis - By Distribution Channel

10.1 Overview
10.2 SAM Non-Alcoholic Beverages Market, By Distribution Channel (2021 and 2028)
10.3 Supermarkets & Hypermarkets
- 10.3.1 Overview
- 10.3.2 Supermarkets & Hypermarkets: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
10.4 Convenience Stores
- 10.4.1 Overview
- 10.4.2 Convenience Stores: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
10.5 Online Retail
- 10.5.1 Overview
- 10.5.2 Online Retail: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: Non-Alcoholic Beverages Market - Revenue and Forecast to 2028 (US$ Billion)

11. SAM Non-Alcoholic Beverages Market- Country Analysis

11.1 Overview
- 11.1.1 South & Central America: Non-Alcoholic Beverages Market, by Key Country
  - 11.1.1.1 Brazil: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
    - 11.1.1.1.1 Brazil: Non-Alcoholic Beverages Market, By Type
    - 11.1.1.1.2 Brazil: Non-Alcoholic Beverages Market, by Packaging Type
    - 11.1.1.1.3 Brazil: Non-Alcoholic Beverages Market, by Category
    - 11.1.1.1.4 Brazil: Non-Alcoholic Beverages Market, by Distribution Channel
  - 11.1.1.2 Argentina: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
    - 11.1.1.2.1 Argentina: Non-Alcoholic Beverages Market, By Type
    - 11.1.1.2.2 Argentina: Non-Alcoholic Beverages Market, by Packaging Type
    - 11.1.1.2.3 Argentina: Non-Alcoholic Beverages Market, by Category
    - 11.1.1.2.4 Argentina: Non-Alcoholic Beverages Market, by Distribution Channel
  - 11.1.1.3 Rest of South & Central America: Non-Alcoholic Beverages Market- Revenue and Forecast to 2028 (US$ Billion)
    - 11.1.1.3.1 Rest of South & Central America: Non-Alcoholic Beverages Market, By Type
    - 11.1.1.3.2 Rest of South & Central America: Non-Alcoholic Beverages Market, by Packaging Type
    - 11.1.1.3.3 Rest of South & Central America: Non-Alcoholic Beverages Market, by Category
    - 11.1.1.3.4 Rest of South & Central America: Non-Alcoholic Beverages Market, by Distribution Channel

12. Industry Landscape

12.1 Overview
12.2 Partnership
12.3 New Product Development
12.4 Expansion

13. Company Profiles

13.1 The Coca-Cola Company
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Nestle S.A.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Red Bull
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Califia Farms, LLC
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Keurig Dr Pepper, Inc.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Asahi Group Holdings, Ltd.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Danone S.A.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 SUNTORY HOLDINGS LIMITED.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Bolthouse Farms, Inc.
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 PepsiCo Inc.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index