The Non-Alcoholic Drinks Sector at SIAL Paris 2024: A Surge in Market Growth and Innovation
The non-alcoholic drinks market is experiencing robust growth, with a forecasted compound annual growth rate (CAGR) of 4.7% from 2023 to 2027. As of 2023, the sector is valued at approximately €1,300 billion globally. This growth is anticipated to continue, with non-alcoholic drinks increasing their market share significantly in various segments by 2027.
By 2027, it is expected that 40% of expenditure and 10% of consumption by volume in the non-alcoholic drinks market will occur outside the home, particularly in hospitality venues such as bars and restaurants. This shift highlights a growing trend towards consumption in social and public settings.
Focus on plant-based alternatives
The non-alcoholic drinks sector is seeing a significant shift towards plant-based alternatives, catering to a consumer base that prioritises health and sustainability. Drinks such as herbal teas, green teas, and chia seed drinks are not just popular for their refreshing taste but also for their numerous health benefits.
Herbal teas: Known for their calming and medicinal properties, herbal teas have long been a staple in many cultures. Their rise in the non-alcoholic drinks market is driven by their ability to align with lifestyle choices focused on relaxation and stress reduction.
Green teas: Packed with antioxidants, green tea is championed for its health benefits, including improved brain function and fat loss. Its increasing popularity in the non-alcoholic sector is reflective of the growing trend towards products that offer both health benefits and enjoyment.
Chia seed drinks: These beverages offer a unique texture and are high in omega-3 fatty acids, fiber, and protein, making them an excellent choice for health-conscious consumers. Their versatility and health benefits are quickly making them a popular choice in the non-alcoholic beverage market.
These plant-based drinks are celebrated not only for their health benefits but also for their natural ingredients. They align with a broader consumer shift towards wellness-oriented products, driven by a growing awareness of health and environmental impact. This trend is not only shaping the product offerings but also influencing how brands position themselves at global platforms like SIAL Paris 2024, where innovation meets tradition in the beverage industry.
Market composition
- Soft drinks: Dominating the market with 61% of volume.
- Bottled water: Comprising 23% of the market.
- Fruit juices and ready-to-drink beverages: Each holding an 8% share.
Leading Global Players
- Switzerland: Emerges as the top exporter of non-alcoholic drinks as of 2020, with more than €1.6 billion in exports.
- Thailand: Leads in volume, exporting 2.8 billion litres of non-alcoholic drinks in the same year.
- United States: Not only the world’s number one importer with imports totaling approximately €786 million but also the largest consumer of energy drinks globally.
SIAL Paris 2024: A Platform for Innovation
SIAL Paris 2024 promises to be a significant event for the non-alcoholic drinks sector, offering an international platform for showcasing the latest innovations and trends. The exhibition is set to highlight emerging segments and the evolving consumer preferences that are shaping the market.
For more information on participating or attending, contact the SIAL Sales Team or visit the SIAL Paris website.
Photo credit: Muhammad Faris Afif Putra for Unsplash
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