Diet Drink

Diet Drink Market Outlook

The global diet drink market, valued at approximately USD 236.5 billion in 2023, is projected to grow at a CAGR of 5.2% from 2025 to 2035, reaching nearly USD 379.2 billion by 2035. This growth is driven by rising health consciousness among consumers, increased demand for low-calorie and sugar-free alternatives, and a growing trend of fitness and wellness. Moreover, the adoption of healthier lifestyles combined with a surge in obesity and chronic diseases has led to an escalated interest in diet drinks. The market is witnessing innovations in flavors, packaging, and ingredients, further bolstering consumer interest and expanding the product range. Additionally, a shift towards plant-based ingredients and natural sweeteners is also influencing market growth positively.

Growth Factor of the Market

The diet drink market is experiencing substantial growth driven by multiple factors. One of the primary catalysts is the increasing prevalence of obesity and related health issues, prompting consumers to seek healthier beverage options that align with their dietary goals. Additionally, the rise of fitness trends and wellness movements has motivated many individuals to incorporate diet drinks into their daily routines, as they aim to manage weight effectively while still enjoying flavorful beverages. Furthermore, the penetration of e-commerce and online retail platforms has made these products more accessible, allowing consumers to conveniently purchase their preferred diet drinks from the comfort of their homes. Another growth factor is the innovation in product formulations, with brands continuously improving taste and variety, thus appealing to a wider audience. Lastly, the rising awareness among consumers about the negative health impacts of sugar consumption has led to increased demand for sugar-free and low-calorie drinks, enhancing market growth.

Key Highlights of the Market

• Rising health awareness and obesity rates driving demand for diet drinks.
• Innovative product formulations and new flavor profiles capturing consumer interest.
• Significant growth in online retail and e-commerce distribution channels.
• Increasing adoption of natural sweeteners and plant-based ingredients.
• Growing fitness trends promoting the consumption of functional diet drinks.

By Product Type

Low-Calorie Beverages:

Low-calorie beverages are among the most popular segments in the diet drink market due to their ability to satisfy thirst without the added caloric intake commonly associated with traditional sugary drinks. These beverages often utilize natural or artificial sweeteners to maintain their flavors while significantly reducing their caloric content. The demand for low-calorie drinks is particularly strong among health-conscious consumers and those looking to manage their weight, making this segment a pivotal player in the overall market. The variety available in low-calorie drinks, including soft drinks, flavored waters, and iced teas, caters to diverse consumer preferences, thereby expanding the market potential significantly.

Sugar-Free Beverages:

Sugar-free beverages are rapidly gaining traction as consumers become more health-conscious and seek alternatives to high-sugar options. Utilizing artificial sweeteners such as aspartame, sucralose, and others, these beverages offer a sweet taste without the calories associated with conventional sugary drinks. The shift towards sugar-free options is also influenced by the increasing awareness of the health risks associated with excessive sugar intake, such as diabetes and heart disease. The market for sugar-free beverages continues to grow, with innovative formulations and enticing flavors appealing to a broad demographic, thus solidifying their position within the diet drink market.

Meal Replacement Drinks:

Meal replacement drinks have become an essential segment of the diet drink market, particularly appealing to busy consumers seeking convenient and nutritious alternatives to traditional meals. These drinks are formulated to provide essential nutrients while being lower in calories, making them an attractive option for those managing their weight or looking to supplement their diets. The rise of on-the-go lifestyles has significantly contributed to the growth of this segment, as consumers seek easy-to-consume options that align with their health goals. Moreover, the variety of flavors and formulations available ensures that meal replacement drinks cater to diverse preferences and dietary needs.

Functional Beverages:

Functional beverages are designed to offer health benefits beyond basic nutrition, incorporating ingredients that support various health goals such as hydration, digestion, and energy enhancement. This segment is gaining popularity within the diet drink market as consumers increasingly seek products that contribute positively to their overall health and wellbeing. The infusion of vitamins, minerals, probiotics, and adaptogens into these drinks adds a layer of appeal, making them attractive to health-conscious individuals. With the growing trend of personalization in dietary choices, functional beverages are well-positioned to capture a significant market share.

Others:

The 'Others' segment in the diet drink market encompasses a variety of niche products that may not fit into the primary categories yet provide unique benefits or appeal to specific consumer segments. This includes specialty drinks, flavored herbal teas, and unique concoctions that leverage ingredients such as coconut water or functional mushrooms. While this segment may be smaller in comparison to the others, it plays a crucial role in diversifying the market landscape and appealing to consumers looking for something different from mainstream offerings. The creativity involved in formulating these beverages often leads to exciting new trends and flavors that can capture significant attention in the market.

By Application

Weight Management:

Weight management applications represent a cornerstone of the diet drink market, catering to individuals seeking to lose weight or maintain their current weight through lower-calorie beverage options. Drinks formulated for weight management typically feature low-calorie sweeteners and may also be enriched with nutrients that support metabolic health. This segment is driven by increasing consumer awareness regarding obesity and its associated health risks, motivating many to adopt dietary changes. Brands are continually innovating to enhance the appeal of these drinks, often incorporating flavors and marketing strategies that emphasize health benefits tied to weight management.

Digestive Health:

Digestive health is an emerging application in the diet drink market, with products designed to support gut health and promote overall wellness. This segment sees an influx of beverages containing probiotics, prebiotics, and fiber, which are recognized for their positive effects on digestion and gut microbiota. As consumers become more aware of the link between digestive health and overall wellbeing, the demand for these specialized drinks has surged. Companies are increasingly highlighting these benefits within their marketing strategies, capitalizing on the growing interest in gut health as part of a holistic approach to diet and nutrition.

Energy Boost:

Energy boost applications in the diet drink market cater to individuals looking for quick and convenient ways to increase their energy levels, particularly during busy days or workouts. These beverages often contain ingredients such as caffeine, B vitamins, and electrolytes, making them appealing to athletes and active individuals. The energy boost segment is thriving as more consumers prioritize active lifestyles and seek products that complement their fitness goals. The diverse range of flavors and formulations available helps to attract a broad consumer base, leading to continued growth in this category.

Sports Nutrition:

Sports nutrition represents a specialized application within the diet drink market, focusing on beverages designed for athletes and fitness enthusiasts. These drinks often include a combination of protein, electrolytes, and carbohydrates to support recovery, hydration, and muscle growth. The increasing participation in sports and fitness activities has significantly boosted demand for sports nutrition drinks, with brands continuously innovating to meet the evolving needs of consumers. As awareness of the importance of proper nutrition in athletic performance grows, the market for sports nutrition diet drinks is expected to expand further.

Others:

The 'Others' application segment encompasses various niche uses for diet drinks, including drinks targeting specific health concerns, such as detoxification or enhanced cognitive function. This segment reflects the growing consumer trend of seeking products that align with individual health goals and preferences. Innovative formulations and marketing strategies are essential to attract consumers in this segment, as they often look for unique health benefits that go beyond traditional offerings. The diversity within this category presents ample opportunities for brands to differentiate themselves and capture market share.

By Distribution Channel

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets play a crucial role in the distribution of diet drinks, providing consumers with a wide variety of options under one roof. This channel benefits from foot traffic and the ability to showcase multiple brands and product types, making it a preferred shopping destination for many consumers. The extensive shelf space allocated to diet drinks allows for promotional displays and marketing strategies that can enhance visibility. Additionally, the presence of knowledgeable staff can assist consumers in making informed choices about the products they select, further driving sales within this segment.

Convenience Stores:

Convenience stores are becoming a significant distribution channel for diet drinks, particularly due to their accessibility and the increasing demand for on-the-go beverage options. Consumers seeking quick and convenient shopping experiences often turn to convenience stores for their beverage needs. This channel's appeal lies in its ability to provide ready-to-drink options, catering to busy lifestyles. Additionally, the trend of impulse buying in convenience stores often leads to increased sales of diet drinks, especially when brands leverage eye-catching packaging and promotions to attract consumers' attention.

Online Retail:

The online retail channel has seen exponential growth in recent years, significantly impacting the diet drink market. Consumers increasingly prefer the convenience of purchasing products from the comfort of their homes, leading to a surge in sales through e-commerce platforms. This channel offers a broader array of product options, including hard-to-find brands and niche offerings that may not be available in physical stores. Furthermore, online retailers often provide consumer reviews and detailed product information, allowing shoppers to make informed purchasing decisions. Brands that invest in effective digital marketing strategies can capitalize on this growing trend and enhance their market presence.

Drug Stores:

Drug stores represent a unique distribution channel for diet drinks, primarily targeting health-conscious consumers seeking products that align with their wellness goals. These stores often carry a selection of specialized diet drinks, including those designed for weight management or digestive health. The association of drug stores with health and wellness can enhance consumer trust in the products offered, leading to increased sales within this segment. Additionally, promotions and marketing strategies focused on health benefits can further drive consumer interest and sales in drug stores.

Others:

The 'Others' distribution channel encompasses alternative retail formats such as health food stores, specialty shops, and direct sales through brands' websites. These channels cater to niche markets and specific consumer preferences, often providing unique or premium diet drink offerings that may not be available in mainstream retail outlets. The flexibility in product selection and personalized customer service often found in these outlets can enhance the shopping experience for consumers. As awareness of diet drinks continues to grow, these alternative distribution channels are poised to capture an increasing share of the market.

By Ingredient Type

Stevia:

Stevia, a natural sweetener derived from the leaves of the Stevia rebaudiana plant, is a significant ingredient in the diet drink market. Its appeal stems from its zero-calorie profile and natural origin, making it a popular choice among health-conscious consumers. The increasing demand for natural ingredients in food and beverages has spurred the growth of stevia-sweetened diet drinks. Brands are leveraging the health benefits of stevia to market their products, often highlighting the absence of artificial sweeteners and sugars. As consumers seek cleaner labels, stevia is likely to remain a key ingredient in the diet drink segment.

Aspartame:

Aspartame is one of the most widely used artificial sweeteners in the diet drink market, known for its intense sweetness with minimal caloric content. This ingredient is favored for its ability to replicate the taste of sugar without the associated calories, making it a staple in many sugar-free beverages. Despite some controversies regarding its safety, aspartame continues to enjoy significant consumer acceptance, driven by its cost-effectiveness and widespread availability. The versatility of aspartame allows manufacturers to utilize it across various beverage categories, further solidifying its presence in the market.

Sucralose:

Sucralose is another popular artificial sweetener that is extensively used in the diet drink market. Known for its stability under heat, sucralose is suitable for a variety of beverage formulations, including carbonated drinks and flavored waters. Its unique sweetness profile, which is several hundred times sweeter than sugar, allows for effective calorie reduction in beverages. As consumers continue to seek low-calorie options, the demand for sucralose-sweetened drinks is expected to rise. Brands that utilize sucralose often emphasize its sugar-like taste while promoting the calorie savings associated with its use.

Monk Fruit:

Monk fruit is gaining recognition as a natural sweetener in the diet drink market, valued for its zero-calorie content and unique flavor profile. Derived from the monk fruit plant, this sweetener is gaining popularity as consumers increasingly seek alternatives to artificial sweeteners. The growth of monk fruit-sweetened beverages is driven by the rising trend of clean labels and natural ingredients. Brands are leveraging the health benefits of monk fruit, including its antioxidant properties, to attract health-conscious consumers. As awareness of monk fruit enhances, it is likely to become a prominent ingredient in the diet drink market.

Others:

The 'Others' ingredient type segment includes various niche sweeteners and additives used in diet drinks, such as erythritol, natural fruit extracts, and plant-based proteins. These ingredients cater to specific dietary preferences and health goals, appealing to consumers looking for unique formulations. The diversity within this segment allows brands to experiment with flavors and formulations, ultimately enhancing consumer interest and market reach. As health trends evolve, the demand for innovative and alternative ingredients is expected to drive growth in this category, offering brands the opportunity to differentiate themselves in a competitive marketplace.

By Region

The North American diet drink market is one of the largest and most developed globally, accounting for approximately 35% of the total market share in 2023. The region's growth is driven by high consumer awareness regarding health and wellness, coupled with a significant rise in obesity rates. Innovative product offerings and the presence of major beverage manufacturers further bolster the market's development in North America. The CAGR forecast for this region is approximately 5.0%, fueled by increasing demand for low-calorie and sugar-free options, along with a growing trend of fitness and nutrition-focused lifestyles.

In Europe, the diet drink market has been experiencing steady growth, currently holding about 30% of the global market share. The rise of health-conscious consumers and robust regulatory frameworks supporting healthier beverage options contribute to this growth. With an increasing number of consumers opting for alternative sweeteners and functional beverages, the European market is projected to grow at a CAGR of around 4.8% over the next decade. This region's focus on sustainability and clean-label products further influences consumer choices, leading to an increasing demand for innovative diet drink options that align with these values.

Opportunities

The diet drink market is poised for significant growth opportunities, especially in emerging markets where consumer awareness about health and wellness is on the rise. As lifestyles evolve and the prevalence of obesity and related diseases continues to increase, there is a growing demand for healthier beverage options, creating a fertile ground for market expansion. Brands that can innovate and tailor their products to meet the specific needs and preferences of diverse consumer segments can capitalize on these trends. Additionally, the rise of digital marketing and e-commerce platforms allows brands to connect directly with consumers, providing opportunities to engage and build loyalty through targeted campaigns and promotions. With the increasing popularity of fitness and wellness trends, companies that align their product offerings with these movements can further enhance their market presence and drive sales.

Another exciting opportunity lies in the development and introduction of functional diet drinks that provide health benefits beyond basic hydration. As consumers become more aware of the importance of nutrition in maintaining overall health, products enriched with vitamins, minerals, and probiotics are gaining traction. This growing interest in functional beverages presents an opportunity for brands to differentiate themselves by creating innovative products that target specific health goals, such as digestive health, energy enhancement, and immune support. Additionally, the use of sustainable and ethically sourced ingredients can resonate with environmentally conscious consumers, thus enhancing brand loyalty and market share in an increasingly competitive landscape.

Threats

The diet drink market faces several threats that could impact growth and profitability. One significant challenge is the increasing scrutiny and criticism of artificial sweeteners and their potential health risks, which may deter some consumers from choosing diet drinks. This skepticism can lead to a decline in sales and brand loyalty, as consumers seek alternatives that align with their health concerns. Additionally, the market is highly competitive, with numerous brands vying for consumer attention. This competition can drive down prices and profit margins, putting pressure on companies to continually innovate and invest in marketing efforts to differentiate their products. Furthermore, economic fluctuations and changes in consumer spending habits can also impact the demand for non-essential products like diet drinks, posing a threat to market growth.

Moreover, regulatory challenges and increasing government interventions regarding labeling and health claims can create obstacles for companies in the diet drink market. Stricter rules on marketing and advertising practices may limit how brands can promote their products, potentially impacting consumer perceptions and sales. The shift towards more natural and organic beverages can also pose a challenge for traditional diet drink companies that rely on artificial sweeteners and additives. As consumer preferences evolve, brands that fail to adapt to these changing trends risk losing market share and relevance in an increasingly health-focused landscape.

Competitor Outlook

• Coca-Cola Company
• PepsiCo, Inc.
• Nestlé S.A.
• Dr Pepper Snapple Group
• Monster Beverage Corporation
• Red Bull GmbH
• Unilever PLC
• Kraft Heinz Company
• Reed's Incorporated
• Suntory Beverage & Food Limited
• Advantage Solutions
• The Coca-Cola Company
• Keurig Dr Pepper Inc.
• New Age Beverages Corporation
• Nestlé Waters

The competitive landscape of the diet drink market is characterized by a diverse array of established brands and new entrants, each striving to capture consumer attention and loyalty. Major players like The Coca-Cola Company and PepsiCo dominate the market with extensive product portfolios that include low-calorie and sugar-free beverage options. These companies continuously invest in innovation, marketing, and distribution to maintain their competitive edge. They are also leveraging e-commerce channels to enhance accessibility and reach a broader audience, which is particularly important in the current digital age where many consumers prefer online shopping.

Another notable trend in the competitive landscape is the increasing prevalence of health-focused startups that offer niche products catering to specific dietary needs, such as plant-based or functional diet drinks. These companies often emphasize clean labels, sustainable sourcing, and unique value propositions to differentiate themselves from larger brands. This has led to an influx of innovation and variety in the diet drink market, providing consumers with a wider selection of options. Additionally, partnerships and collaborations among companies in the industry are becoming more common, as brands seek to leverage each other's strengths and expand their market reach.

Brands like Monster Beverage and Red Bull, known for their energy drinks, are also venturing into the diet drink space by offering low-calorie formulations that appeal to health-conscious consumers. These companies capitalize on their established brand recognition and consumer loyalty to introduce new products. Furthermore, the trend toward functional beverages is prompting many companies to invest in research and development to create innovative products enriched with vitamins, minerals, and other beneficial ingredients. This focus on health and wellness is reshaping the competitive landscape, as brands vie to meet the evolving preferences of consumers seeking both taste and nutritional benefits.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Unilever PLC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 PepsiCo, Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Red Bull GmbH
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Coca-Cola Company
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Nestlé S.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Advantage Solutions
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Kraft Heinz Company
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Reed's Incorporated
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Nestlé Waters
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Keurig Dr Pepper Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 The Coca-Cola Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Dr Pepper Snapple Group
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Monster Beverage Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 New Age Beverages Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Suntory Beverage & Food Limited
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Diet Drink Market, By Application
    • 6.1.1 Weight Management
    • 6.1.2 Digestive Health
    • 6.1.3 Energy Boost
    • 6.1.4 Sports Nutrition
    • 6.1.5 Others
  • 6.2 Diet Drink Market, By Product Type
    • 6.2.1 Low-Calorie Beverages
    • 6.2.2 Sugar-Free Beverages
    • 6.2.3 Meal Replacement Drinks
    • 6.2.4 Functional Beverages
    • 6.2.5 Others
  • 6.3 Diet Drink Market, By Ingredient Type
    • 6.3.1 Stevia
    • 6.3.2 Aspartame
    • 6.3.3 Sucralose
    • 6.3.4 Monk Fruit
    • 6.3.5 Others
  • 6.4 Diet Drink Market, By Distribution Channel
    • 6.4.1 Supermarkets/Hypermarkets
    • 6.4.2 Convenience Stores
    • 6.4.3 Online Retail
    • 6.4.4 Drug Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Diet Drink Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Diet Drink market is categorized based on

By Product Type

• Low-Calorie Beverages
• Sugar-Free Beverages
• Meal Replacement Drinks
• Functional Beverages
• Others

By Application

• Weight Management
• Digestive Health
• Energy Boost
• Sports Nutrition
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Drug Stores
• Others

By Ingredient Type

• Stevia
• Aspartame
• Sucralose
• Monk Fruit
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Coca-Cola Company
• PepsiCo, Inc.
• Nestlé S.A.
• Dr Pepper Snapple Group
• Monster Beverage Corporation
• Red Bull GmbH
• Unilever PLC
• Kraft Heinz Company
• Reed's Incorporated
• Suntory Beverage & Food Limited
• Advantage Solutions
• The Coca-Cola Company
• Keurig Dr Pepper Inc.
• New Age Beverages Corporation
• Nestlé Waters