The Global Market Share of Beverage Industry report is segmented by product type (alcoholic and non-alcoholic beverages market), distribution channel (on-trade and off-trade), and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market size and forecasts in value (USD) for the above segments.

The industry has registered a growth of 6.2% in 2024 from that of the last year and by 2025 it is all set to reach a total value of USD 182.2 billion. In the prediction period where 2025 is to 2035, the industry will increase by 5.4% CAGR and is expected to reach USD 308.3 billion.

Attributes	Description
Estimated Industry Size (2025E)	USD 182.2 billion
Projected Industry Value (2035F)	USD 308.3 billion
Value-based CAGR (2025 to 2035)	5.4%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.2%
H2 (2024 to 2034)	5.6%
H1 (2025 to 2035)	5.8%
H2 (2025 to 2035)	5.9%

Country-wise Insight

Countries	CAGR
The USA	6.68%
China	7.1%
India	8.5%
Germany	8.6%
UK	7.9%

The Global Alcoholic Beverages Market is Segmented by Product Type (Beer, Wines, Spirits, and Other Product Types), Distribution Channel (On-Trade and Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Sizes and Forecast of Alcoholic Beverages in Value (USD Million) for the Above Segments.

Explore the Food And Beverages Market trends! Covers key players, growth rate 6.2% CAGR, market size $9423.34 Billion, and forecasts to 2034. Get insights now!

The plant based beverage market is anticipated to be worth US$ 374.6 billion in 2024. Plant based beverages, such as milk and smoothies, perceive growth in demand owing to the health benefits, nutritional properties, and minimum contribution to the global carbon footprint.

Attributes	Details
Plant Based Beverage Market Value for 2024	US$ 374.6 billion
Plant Based Beverage Market Value for 2034	US$ 665.8 billion
Plant Based Beverage Market Forecast CAGR for 2024 to 2034	5.92%

Historical Performance and Future Growth of the Plant Based Beverage Market

Historical CAGR	5.51%
Forecast CAGR	5.92%

Country-wise Insights

Countries	CAGR from 2024 to 2034
The United States	5.7%
Germany	6.3%
China	8.1%
Japan	4.4%
India	8.5%

Category-wise Insights

Category	Market Share in 2024
Conventional	92.1%
Plant-based Juices	67.8%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 374.6 billion
Projected Market Valuation in 2034	US$ 665.8 billion
Value-based CAGR 2024 to 2034	5.92%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East and Africa
Key Market Segments Covered	Source Nature Format Packaging Sales Channel Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Bayer AG Abbott DSM DuPont. Amway The Nature's Bounty Co. GlaxoSmithKline plc. Nestlé SA RiceBran Technologies Mead Johnson & Company LLC Medifast Inc.

The Report Covers Functional Beverages Market Revenue Analysis and is Segmented by Type (Energy Drinks, Fortified Juice, Sports Drinks, Dairy and Dairy Alternative Drinks, and Functional/Fortified Water), Distribution Channel (Supermarkets/Hypermarkets, Drug Stores and Pharmacies, Convenience Stores, Online Retail Stores, and Other Distribution Channel), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

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Alcoholic Beverages Market Size 2025-2029

The alcoholic beverages market size is forecast to increase by USD 412.6 billion at a CAGR of 3.1% between 2024 and 2029.

The market is witnessing significant growth due to several key trends. The popularity of craft alcoholic beverages is on the rise, as consumers seek unique and authentic drinking experiences. Additionally, the increasing consumption of alcoholic beverages, particularly in social and celebratory occasions, is driving market growth. Wines and beers are two popular categories, with wines often associated with wine culture and beer marketed as traditional or cultural staples. However, the market is also facing challenges, including the prevalence of counterfeit products, which undermine consumer trust and safety. Producers must prioritize product authenticity and quality to maintain market share and build consumer loyalty. These trends and challenges are shaping the future of the market.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a wide range of products, including those derived from ethanol fermented from grains, fruits, sugar, tubers, plant saps, honey, milk, and other natural sources. Ethanol, the primary component of alcoholic drinks, is produced through the fermentation process, which transforms the sugars in these raw materials into alcohol. Alcoholic consumption, a significant aspect of various cultures worldwide, is subject to numerous regulations. Warning labels and alcohol content percentage are essential components of these regulations, ensuring consumers are informed of potential health risks and the strength of the beverage. The production of alcoholic beverages involves various raw materials, such as malted barley, hops, crushed grapes, and other ingredients.
Moreover, environmental responsibility is increasingly important in the alcoholic beverages industry. Producers are turning to organic and biodynamic wines, eco-friendly packaging solutions, and local special circumstances to reduce their environmental footprint. Cultural and religious factors significantly influence the consumption of alcoholic beverages. For instance, in some regions, beer is a staple drink, while in others, wine is the preferred choice. These factors contribute to the diverse nature of the market. In conclusion, the market is a dynamic and diverse industry, with various raw materials, production processes, regulations, and cultural influences shaping its landscape. Producers must navigate these complexities while maintaining environmental responsibility and adhering to regulations to meet the evolving demands of consumers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Beer
  Spirits
  Wine


Distribution Channel

  Off-trade
  On-trade


Geography

  Europe

    Germany
    France
    Spain


  APAC

    China
    India
    Japan


  North America

    Canada
    US


  South America

    Brazil


  Middle East and Africa

By Product Insights

The beer segment is estimated to witness significant growth during the forecast period.

The market encompasses the production and sale of various types of alcoholic drinks, including beer, wine, spirits, and alcoholic cocktails. Beer is produced by steeping starch sources, such as cereals like rice, corn, and barley, in water and fermenting the resulting sugar-laden liquid with yeast. This segment has historically accounted for the largest market share in terms of sales and revenue. However, the global beer market is projected to experience a declining growth rate due to market saturation in regions like Northern America and Western Europe. Wineries and breweries also utilize natural ingredients, such as fruits like cherries, plums, and tea, and root vegetables like potatoes, in their production processes.

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The beer segment was valued at USD 896.60 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 28 % to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European region dominates the market, accounting for the largest share in 2024. Key countries contributing to this growth include France, Germany, Russia, the UK, Belgium, Romania, and Poland. Beer is the most consumed alcoholic drink in Europe, with off-trade

After a detailed analysis of the processed fruit and vegetable market, FMI recently published a new report on the fusion beverage market. As per the analysis, the sale of fusion beverages holds a current valuation of US$ 7,233.60 million in 2024. Going by this pattern, demand could rise and equate to a market valuation of US$ 11,573.80 million, with a CAGR of 6.0%, by 2034.

Attributes	Details
Fusion Beverage Market Value for 2024	US$ 7,233.60 million
Market Value for 2034	US$ 11,573.80 million
Value-based CAGR of Market for 2024 to 2034	6.0%

Category-wise Outlook

Attributes	Details
Top Product Type	Carbonated Drinks
Market Share (2024)	36.7%

Attributes	Details
Top Distribution Channel	Fusion Beverage
Market Share (2024)	73.4%

Country-wise Analysis

Countries	CAGR
United States	4.5%
Germany	3.9%
China	5.4%
Japan	5.9%
India	6.4%

The global private label food and beverages market was worth around USD 431.98 billion in 2022 and is predicted to grow to around USD 709.25 billion by 2030, with a compound annual growth rate (CAGR) of roughly 7.34% between 2023 and 2030.

According to Cognitive Market Research, the global Food and Beverage market size is USD 6684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2673.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2005.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1537.37million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 334.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 133.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The Breakfast Cereals held the highest Food and Beverage market revenue share in 2024.

Market Dynamics of Food and Beverage Market

Key Drivers of Food and Beverage Market

Rising Global Population to Increase the Demand Globally

The increasing number of people on the planet is driving up demand for food and drink, particularly in developing countries where disposable incomes are rising. There is a proportional increase in the demand for food and drink as more people enter the consumer market. The need for agricultural and food production systems to develop and adapt to satisfy growing demands is highlighted by this trend. Furthermore, it emphasizes how important sustainable practices are to ensuring food security over the long term and reducing environmental impacts. To address these issues and create resilient and equitable food systems that can meet the demands of an expanding population while preserving the planet's resources for future generations, governments, businesses, and communities must work together.

Urbanization and Busy Lifestyles to Propel Market Growth

Convenient, ready-to-eat food and beverages are in high demand due to urbanization and the spread of hectic lives. The need for easy and convenient food options has increased as more people live in cities and manage busy schedules. As a result of this trend, the availability of packaged foods, frozen dinners, and grab-and-go options has increased, appealing to consumers who want convenience without sacrificing flavor or nutrition. With urbanization driven by social and economic considerations, the portable food and beverage product market is expected to grow even further. In response to changing customer tastes, food producers and distributors are coming up with new and inventive ways to provide a wide range of easily accessible products that meet the needs of both busy lifestyles and urban residents.

Restraint Factors Of Food and Beverage Market

Rising Food Prices to Limit the Sales

Increased food costs are frequently caused by changes in the price of agricultural commodities, which are made worse by supply chain interruptions and extreme weather. These dynamics, especially for vulnerable people, can substantially impact affordability and consumer purchasing. When staple foods rise in price, households might have to spend more of their income to cover their fundamental nutritional needs, leaving them with less money to spend on other necessities. Furthermore, rising food prices have the potential to worsen food insecurity, increasing the likelihood of poverty and malnourishment in impacted areas. Businesses, civil society, and governments must tackle these issues by strengthening the food systems' resilience, reducing price volatility, and guaranteeing that all societal segments have fair access to reasonably priced and nutrient-dense food.

Impact of Covid-19 on the Food and Beverage Market

The COVID-19 pandemic has had a significant global impact on the food and beverage industry. Industry landscapes have been changed by lockdowns, supply chain disruptions, and changing customer behaviors. Due to closures and limitations, the restaurant and food service industries suffered large losses; yet, as people stored up and increased their home cooking, there was a boom in demand for packag...

The Report Covers Global Non Alcoholic Beverages Market Statistics & Companies and it is Segmented by Type (Carbonated Beverage and Non-carbonated Beverage), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, Specialty Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East & Africa). The report offers the market size and forecasts in value (USD billion) for the above segments.

The food and beverage additive market is anticipated to be valued at US$ 65.20 billion in 2024, registering a CAGR of 5.80% from 2024 to 2034. The market is foreseen to reach US$ 104.79 billion by 2034, relying on the increasing consumption of packaged food and beverages, which is anticipated to boost the demand for additives in their processing.

Attributes	Details
Market Value for 2024	US$ 65.20 billion
Market Value for 2034	US$ 104.79 billion
Market Forecast CAGR for 2024 to 2034	5.80%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projection

Attributes	Details
Historical CAGR for 2019 to 2023	4.20%

Category-wise Insights

Attributes	Details
Top Type	Flavors and Flavor Enhancers
Market share in 2024	29.40%

Attributes	Details
Top Application	Bakery and Confectionary
Market share in 2024	32.70%

Country-wise Insights

Countries	CAGR from 2024 to 2034
United States	3.20%
Germany	2.70%
China	4.30%
India	5.30%
United Kingdom	2.20%

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Artificial Intelligence (AI) In Food And Beverage Industry Market Size 2025-2029

The artificial intelligence (ai) in food and beverage industry market size is forecast to increase by USD 32.2 billion at a CAGR of 34.5% between 2024 and 2029.

The Artificial Intelligence (AI) market in the Food and Beverage Industry is experiencing significant growth due to the rising demand for automation to enhance productivity and efficiency. The integration of AI and the Internet of Things (IoT) in this sector is revolutionizing various processes, from supply chain management to quality control and customer experience. However, the lack of skilled personnel with expertise in AI and data analytics poses a challenge for market expansion. Key drivers for the market include the increasing adoption of advanced technologies to optimize production processes, reduce costs, and improve product quality. The integration of AI in food and beverage manufacturing enables predictive maintenance, real-time inventory management, and automated quality control, leading to increased operational efficiency and profitability. Additionally, AI-powered customer engagement tools offer personalized recommendations and improved customer experience, creating new revenue streams for companies. Despite these opportunities, the market faces challenges, including the need for significant investment in AI infrastructure and the lack of skilled personnel to implement and manage these systems. Companies seeking to capitalize on the AI market in the Food and Beverage Industry must focus on building a strong talent pool and collaborating with technology partners to overcome these challenges. By leveraging AI, food and beverage companies can gain a competitive edge, streamline operations, and deliver innovative products and services to meet evolving consumer demands.

What will be the Size of the Artificial Intelligence (AI) In Food And Beverage Industry Market during the forecast period?

Request Free SampleThe artificial intelligence (AI) and machine learning (ML) market in the food and beverage industry is experiencing significant growth due to the increasing adoption of these technologies to enhance supply chain management, predict consumer behavior, and optimize transportation. AI and ML are revolutionizing various aspects of the food and beverage sector, from recipe development and product tracing to supply chain efficiency and labor management. Predictive analytics is a key application of AI in the industry, enabling companies to anticipate demand patterns and optimize inventory levels. Social media channels are also leveraged to analyze consumer preferences and trends, informing product development and marketing strategies. The food and beverage industry faces a labor shortage, particularly in manual labor positions, leading to increased interest in automation and AI solutions. Large-scale implementation of AI in the industry is improving supply chain dynamics, reducing labor costs, and increasing speed and accuracy in various processes. Farmers are also utilizing AI and ML to optimize crop yields and manage resources more efficiently. Product tracing and quality control are other areas where AI is making a significant impact, ensuring food safety and transparency throughout the supply chain. Overall, the integration of AI and ML in the food and beverage industry is transforming business operations, enhancing customer experience, and driving growth in this dynamic market.

How is this Artificial Intelligence (AI) In Food And Beverage Industry Industry segmented?

The artificial intelligence (ai) in food and beverage industry industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeTransportation and logisticsProduction planningQuality controlOthersEnd-userFood processing industryHotels and restaurantsBeverage industryGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaMiddle East and Africa

By Type Insights

The transportation and logistics segment is estimated to witness significant growth during the forecast period.In the food and beverage industry, there is a rising demand for artificial intelligence (AI) and machine learning solutions to optimize operations and enhance supply chain efficiency. This trend is driven by the need for flexibility and swift returns processing, as well as labor shortages and increasing labor costs. Advanced technologies, such as photoelectric sensors, material handling, and assembly applications, are being integrated into the industry to improve sorting processes, reduce contamination levels, and ensure uniformity in food storage. AI platforms are also being used for data analytics to better understand consumer purchasing beh

The Alcoholic Beverages Market will grow at a CAGR of 3.1% during the forecast period, with an estimated size and share crossing US$ 3,109.52 billion by 2032

In the latest report by FMI, the ready-to-drink beverage market has been estimated to register sales of US$ 206.25 billion by the year-end 2024. Ready-to-drink beverages (RTDs) are single-use beverages that are being made available in varied categories, like canned wines, iced coffees, and kefir yogurt drinks to entice metropolitan consumers leading busy lifestyles.

Attributes	Key Insights
Ready-to-drink Beverage Market Size (2024E)	US$ 206.25 billion
Market Valuation (2034F)	US$ 430.30 billion
Value-based CAGR (2024 to 2034)	7.6%

Category-wise Ready-to-drink Beverage Market Analysis

Leading Product Type	Coffee
Value Share (2024)	21.50%

Leading Nature	Conventional
Value Share (2024)	86.50%

Global Ready-to-drink Beverage Market Demand Analysis by Country

Country	Forecast CAGR (2024 to 2034)
The United States	4.30%
Germany	3.20%
China	7.30%
Japan	8.10%
India	7.20%

Water Pumps for Food & Beverage Industry size was valued at around USD 3.61 billion in 2024 and is projected to reach USD 4.56 billion by 2030 with a CAGR of around 4.7%.

The global non-alcoholic beverage market size was valued at USD 971.65 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,448.89 Billion by 2033, exhibiting a CAGR of 4.31% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 34.7% in 2024. The non-alcoholic beverage market share is primarily driven by the increasing demand for healthier beverage options, the elevating requirement for single-serve, ready-to-drink non-alcoholic variants, and the inflating income levels of consumers.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 971.65 Billion
Market Forecast in 2033	USD 1,448.89 Billion
Market Growth Rate 2025-2033	4.31%

IMARC Group provides an analysis of the key trends in each segment of the global non-alcoholic beverage market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on product type, packaging type, and distribution channel.

Japan non-alcoholic beverage market size reached USD 37.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 75.8 Billion by 2033, exhibiting a growth rate (CAGR) of 7.70% during 2025-2033. The increasing demand for healthier beverage options that are low in sugar, free from artificial additives, and offer functional benefits like hydration, vitamins, or antioxidants, is primarily driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 37.6 Billion
Market Forecast in 2033	USD 75.8 Billion
Market Growth Rate (2025-2033)	7.70%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, packaging type, and distribution channel.

The size of the Japanese Sports Drinks Beverage Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.66% during the forecast period. The Japanese sports drink industry is a dynamic sector within the broader non-alcoholic beverage market, driven by consumer demand for health, hydration, and athletic performance. Sports drinks in Japan are specifically formulated to replenish fluids, electrolytes, and nutrients lost during physical exertion. These beverages typically contain a blend of water, sugars, minerals like sodium and potassium, and sometimes amino acids or vitamins to support endurance and recovery. The market has seen consistent growth, driven by the popularity of fitness and wellness trends, alongside Japan’s aging population, which increasingly seeks products that promote hydration and health. Key drivers for this market are: Rising Health and Wellness Trends Drives the Market, Rising Demand for functional Food Drives the Market. Potential restraints include: High Competition from Other Protein Sources. Notable trends are: Growing Popularity of Fitness Management Programs.

Global low alcohol beverages market size was valued at USD 1.27 billion in 2021 and is expected to grow at a CAGR of 5.9% during the forecast period.