Non-Alcoholic Drinks - Canada

The Non-Alcoholic Drinks market in Canada is experiencing significant growth and development. Customer preferences are shifting towards healthier beverage options, leading to an increased demand for non-alcoholic drinks. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the growth of this market. Customer preferences in Canada are increasingly focused on health and wellness. Consumers are becoming more conscious of their dietary choices and are seeking out beverages that are low in sugar, calories, and artificial ingredients. As a result, there is a growing demand for non-alcoholic drinks that offer natural and organic ingredients, as well as functional benefits such as hydration, energy, and digestive health. This shift in consumer preferences is driving the development of new and innovative non-alcoholic beverage options in the market. Trends in the non-alcoholic drinks market in Canada include the rise of functional beverages. Functional beverages are drinks that offer additional health benefits beyond basic hydration. These can include beverages infused with vitamins, minerals, antioxidants, probiotics, and other nutrients. Functional beverages are gaining popularity among health-conscious consumers who are looking for ways to incorporate wellness into their daily routines. This trend is driving the development of new product offerings in the market, including enhanced waters, kombucha, and herbal infusions. Another trend in the market is the growing popularity of plant-based and alternative beverages. Canada has a significant population of consumers who follow vegetarian, vegan, or lactose-free diets, and there is a demand for non-dairy alternatives to traditional milk and dairy products. This has led to the development of a wide range of plant-based beverages, including almond milk, soy milk, oat milk, and coconut milk. These alternatives are not only appealing to those with dietary restrictions, but also to consumers who are looking for more sustainable and environmentally friendly options. Local special circumstances in Canada are also contributing to the growth of the non-alcoholic drinks market. The country has a diverse population with a wide range of cultural backgrounds, and this diversity is reflected in the demand for a variety of beverage options. For example, Canada has a large immigrant population from Asia, where tea is a popular beverage. This has led to an increased demand for specialty teas, such as green tea and matcha, in the Canadian market. Similarly, Canada has a strong coffee culture, and there is a growing demand for premium and specialty coffee beverages. Underlying macroeconomic factors, such as a strong economy and increasing disposable income, are also driving the growth of the non-alcoholic drinks market in Canada. As consumers have more disposable income, they are willing to spend more on premium and high-quality beverages. Additionally, the Canadian government has implemented policies and regulations to promote healthy eating and drinking habits, which has further fueled the demand for non-alcoholic drinks. In conclusion, the Non-Alcoholic Drinks market in Canada is experiencing growth and development due to shifting customer preferences towards healthier options, the rise of functional and alternative beverages, local special circumstances, and underlying macroeconomic factors. This market is expected to continue to expand as consumers prioritize health and wellness in their beverage choices.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.