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Africa Non-Alcoholic Beverages Market Analysis by Size, Demand & Growth 2024-2032
IMARC Group's report titled "Africa Non-Alcoholic Beverages Market Report by Product Type (Carbonated Drinks, Non-Carbonated Drinks), Category (Mass, Premium), Packaging Type (Bottles, Cans, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), End User (Household, Institutional), and Country 2024-2032", The Africa non-alcoholic beverages market size reached US$ 90.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 187.1 Billion by 2032, exhibiting a growth rate (CAGR) of 8.4% during 2024-2032.
The growing interest of consumers in healthier and more diverse beverage alternatives, particularly among the urban and young population, is one of the factors responsible for the growth of the Africa non-alcoholic beverages market. Additionally, the demand for non-alcoholic beverages is escalating owing to the high consumer preferences for low-calorie, low-sugar drinks, which is fueling the market. This trend is supported by the rising middle class, which has more disposable income to spend on premium and value-added beverage products. Moreover, the expansion of retail infrastructure across major cities in Africa and the improvement in distribution channels have made non-alcoholic beverages more accessible to a broader audience, which is further contributing to the expansion of the market.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/africa-non-alcoholic-beverages-market/requestsample
Africa Non-Alcoholic Beverages Market Trends and Drivers:
Emerging trends in the Africa non-alcoholic beverages market include the growing popularity of local flavors and indigenous ingredients, which cater to local tastes and preferences while promoting sustainability by utilizing regional produce. In addition to this, companies are increasingly innovating with traditional ingredients from Africa to create unique and authentic products, boosting local economies and embracing cultural heritage, which is creating a positive outlook for the market. Furthermore, the market is seeing a surge in the adoption of eco-friendly and sustainable packaging solutions as consumers become more environmentally conscious, thereby propelling the market. There is also an increase in the use of digital marketing and social media platforms by beverage companies to reach a wider and predominantly young consumer base more effectively, which is expected to drive the Africa non-alcoholic beverages market in the coming years.
Leading Companies Operating in the Africa Non-Alcoholic Beverages Industry:
- A.G. Barr p.l.c.
- Al Ahram Beverages Company S.A.E. (Heineken N.V.)
- Coca-Cola Peninsula Beverages (Pty) Ltd
- Faragalla Group
- Juhayna Food Industries S.A.E
- Kingsley Beverages (Pty) Ltd, Nestlé S.A.
- PepsiCo Inc
- Pioneer Food Group Limited
- Red Bull GmbH
- The Beverage Company
- The Kraft Heinz Company
- Tiger Brands Limited and Twizza (Pty) Ltd.
Africa Non-Alcoholic Beverages Market Report Segmentation:
Breakup by Product Type:
- Carbonated Drinks
- Non-Carbonated Drinks
- Fruit and Vegetable Juice
- Functional Drinks
- RTD Tea and Coffee
- Bottled Water
- Others
Breakup by Category:
- Mass
- Premium
Breakup by Packaging Type:
- Bottles
- Cans
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by End User:
- Household
- Institutional
Breakup by Country:
- Nigeria
- Algeria
- South Africa
- Morocco
- Egypt
- Ghana
- Kenya
- Tunisia
- Côte d'Ivoire
- Angola
- Others
Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=3542&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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