As part of the final report, an analysis will be included to examine the effects of the Russia-Ukraine War and COVID-19 on the India Non-alcoholic Beverages industry.
New Industry Report on India Non-alcoholic Beverages Market Status and Prospects [2023-2032] has been released. The report is 100 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the global market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the market. If you are interested in the report, Please Request Free a Sample Copy
The non-alcoholic beverages market in India was valued at INR 336.50 Billion in FY 2020. It is expected to reach INR 1,131.52 Billion by FY 2027, expanding at a compound annual growth rate (CAGR) of 18.69% during the forecast period.
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Market insights:
The traditional non-alcoholic beverages market has been facing a lot of challenges due to a decline in the demand for traditional carbonated soft drinks due to loaded sugar and artificial sweeteners, lack of skilled workforce, and huge capital costs. Consumers changing preferences, coupled with innovations in product packaging and sizing to improve affordability, has led to a rise in the consumption of non-alcoholic beverages in the country.
Segment insights:
The non-alcoholic beverages market is categorized into two segments carbonated and non-carbonated beverages. The carbonated beverages market segment was valued at INR 134.60 Bn in FY 2020 and is expected to reach a value of INR 349.64 Bn by FY 2027, expanding at a CAGR of ~15.12% during the FY 2022 to FY 2027 period. The non-carbonated beverages segment in India was valued at INR 153.33 Bn in FY 2020. It is expected to reach INR 781.88 Bn by FY 2027, expanding at a CAGR of ~20.52% during the FY 2022 to FY 2027 period.
The carbonated beverages segment is anticipated to lose its market share during the forecast period because of the massive expansion of the non-carbonated beverages segment. Over the past few years, non-cola aerated drinks have gained popularity, especially fruit drinks. Leading manufacturers are reshaping their corporate strategies to suit consumers’ concerns regarding health. The non-carbonated beverages segment has grown exponentially due to improved health consciousness among consumers and increased affordability.
Impact of COVID-19:
With the onset of the second wave of the pandemic in April 2021, the non-alcoholic beverages industry faced the immediate challenges due to the closing of all outlets that hampered their supply chain. Key industry players introduced new drinks and increased door-to-door deliveries to drive sales. Due to the disruptions in global supply chains, the government introduced significant policies by imposing the strict FSSAI guidelines for quality assurance and management of food products. Indian manufacturers of carbonated beverages witnessed their worst quarter between April and June 2021. However, during the second wave of COVID-19, there was a steep rise in the sale of non-carbonated beverages, especially in segments such as packaged drinking water, primarily because of improved health awareness. The disrupted supply chains of prominent brands during the nationwide lockdown paved the way for regional players to increase their shares in local markets though having small supply channels, and direct-to-trade incentives marketing.
Competitive insights:
With the increasing demand for healthy functional drinks after the onset of COVID-19, major market players such as Dabur Limited have introduced their offering of immunity-boosting vegan-friendly drinks such as Dabur Giloy Neem Juice, Dabur Amla Juice, and Daburs ImuDab Syrup.
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On June 8th, 2022, the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade. The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion. Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery.
However, the Healthcare/ICT/Chemical industries are still feeling the effects of the pandemic, which is creating a large market for India Non-alcoholic Beverages. As the recovery of the U.S. market continues, there will be a direct impact on these industries, and the demand for India Non-alcoholic Beverages is likely to increase. The report highlights the need for businesses to stay informed about market trends and adjust their strategies accordingly to take advantage of emerging opportunities in this evolving landscape.
Regional Analysis
Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments’ initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.
In-depth Analysis of the Russia-Ukraine War Impact:
Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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Some Questions Answered in the India Non-alcoholic Beverages Market Report:
- What is the projected size of the India Non-alcoholic Beverages market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the India Non-alcoholic Beverages industry?
- What are the major market trends that are affecting the expansion of the India Non-alcoholic Beverages market?
- What obstacles must be overcome in order to achieve sustained growth in the India Non-alcoholic Beverages market?
- What opportunities and threats do vendors in the India Non-alcoholic Beverages Market face?
- What are the raw materials and manufacturing equipment used in the production of India Non-alcoholic Beverages, and what is the manufacturing process?
- What are the different types and applications of India Non-alcoholic Beverages, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the India Non-alcoholic Beverages market?
- What factors are driving the growth of the India Non-alcoholic Beverages market in the top regions worldwide?
- Who are the major players in the India Non-alcoholic Beverages market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the India Non-alcoholic Beverages market?
- What are the main findings of a five forces analysis of the India Non-alcoholic Beverages market?
To gain a better understanding of market conditions, a Five Forces analysis is conducted, which includes an assessment of the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Additionally, a PESTLE analysis is performed to evaluate the external factors that may impact the market:
- Political factors: This includes political policies and stability, as well as trade, fiscal, and taxation policies.
- Economic factors: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates are all considered under this category.
- Social factors: Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles are taken into account when analyzing the social factors that may affect the market.
- Technological factors: Changes in digital or mobile technology, automation, research, and development are evaluated to determine the potential impact on the market.
- Legal factors: Employment legislation, consumer law, health and safety regulations, and international trade restrictions are among the legal factors that may affect the market.
- Environmental factors: Climate, recycling procedures, carbon footprint, waste disposal, and sustainability are all taken into consideration when assessing the potential impact of environmental factors on the market.
Our India Non-alcoholic Beverages Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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