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    Nonalcoholic Beverage Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/19/2021
    SIC Codes: 2086, 2097
    NAICS Codes: 31211
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Nonalcoholic Beverage Manufacturing Industry Profile

    Companies in this industry produce carbonated and noncarbonated soft drinks, bottled water, and ice. Major companies include Coca-Cola, Keurig Dr Pepper, and PepsiCo (all based in the US), along with Britvic (UK), Danone (France), Nestlé (Switzerland), Primo Water Corporation (Canada), Red Bull (Austria), and Suntory (Japan).

    The global nonalcoholic beverage market was valued at about $700 billion in 2020 due to the COVID-19 outbreak, according to Statista. The leading regional markets for soft drinks are North America and the Middle East & Africa, according to Reportlinker.

    The US nonalcoholic beverage manufacturing industry includes about 1,200 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $45 billion. The industry's products include juice drinks, but makers of fruit and vegetable juices are covered in the Fruit & Vegetable Processing industry profile.

    COMPETITIVE LANDSCAPE

    Demand for nonalcoholic beverages is driven by consumer tastes and demographics. The profitability of individual companies depends on effective marketing. Large companies have economies of scale in production and distribution. Small companies can compete by producing new products, catering to local tastes, or selling at lower prices. The US industry is highly concentrated: the top 50 companies account for about 90% of revenue.

    Largely because of the high cost of shipping a heavy product, US imports and exports of soft drinks are relatively low. Imports of nonalcoholic beverages account for about 8% of the US market; exports ...

     
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