A profound growth in demand for processed foods and ready-to-drink beverages and consumers’ increasing disposable incomes are the most vital factors expected to accelerate the global market growth
Market Size – USD 221.8 billion in 2020, Market Growth – at a CAGR of 4.9%, Market Trends – Rising health awareness and augmented demand for beverages low in calories
The global Carbonated Soft Drink Market accounted for a significant value of USD 221.8 billion in 2020 and is estimated to record an impressive CAGR of 4.9% over the forecast period (2021-2028). The global market has gained substantial traction over recent years and is expected to grow significantly in the coming years. The primary factors contributing to the steady growth of the global carbonated soft drink market include the exponential rise in demand for carbonated soft drinks worldwide, especially among the younger generation, and the growing demand for processed foods and ready-to-drink beverages. Carbonated soft drinks are effervescent and non-alcoholic beverages, with a slightly acidic taste. These drinks mostly contain high-fructose syrup, caffeine (in cola beverages like Coke), natural sweeteners, artificial flavoring agents, artificial colors, and preservatives. Carbonated soft drinks are available in a variety of fruit flavors, including lemon, orange, melon, and mango, which augment their taste and make them visually appealing.
Some of the pivotal factors fueling the global market growth are the augmented demand for low-calorie carbonated soft drinks among health-oriented consumers, rising incidence obesity and diabetes, and the increasing adoption of fitness practices have led to the high demand for zero-calorie, sugar-free carbonated energy drinks, such as Monster and the Coca Cola-owned Burn Energy. A boom in the sales of sparkling water and craft beer in various delectable flavors and the soaring demand for premium soft drinks have further spurred the global carbonated soft drink market growth. However, the growing awareness of the adverse health impacts of excessive intake of carbonated soft beverages, such as dental problems, childhood obesity, and augmented risk of diabetes, is predicted to restrain the global market growth in the years to come. Moreover, rise in government efforts to curb consumers’ sugar intake and increased sugar taxes to reduce its use in carbonated beverages are expected to hamper the market growth further.
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Key Highlights of the Report:
- Based on the product type, the soft drinks product segment is projected to emerge as the most dominant over the estimated period, retaining the largest market share. One of the key factors supporting the growth of this segment is the rapidly swelling demand for carbonated soft drinks, especially among the generation Z. The growing number of recreational activities, including parties and music festivals, are further projected to boost this segment’s growth.
- The North America carbonated soft drink market is the leading regional market globally, mainly due to the owing to the rising demand for low-calorie carbonated beverages, booming sales of energy-boosting drinks among fitness-oriented consumers, and higher purchasing power of consumers .
- The global carbonated soft drink market comprises some leading players, including The Coca Cola Co., PepsiCo, Parle Agro, Asia Brewery, Dr Pepper Snapple, Britvic Soft Drinks, Bickford’s Australia, Asahi Soft Drinks, F&N Foods, Kirin Beverage, Lotte Chilsung Beverage, Frucor Beverages, Tru Blu Beverages, and Suntory Beverage & Food.
- In October 2020, The Coca Cola Co. launched the new ‘Coca-Cola with Coffee,’ infused with the brilliant taste of brewed Brazilian coffee. The latest offering is currently available in three flavors, including dark blend, caramel, and vanilla.
- In September 2020, the U.S.-based craft beer company Sprecher Brewing Co., introduced the Sprecher Zero Sugar craft soda. The new craft soda comes in two unique flavors, Orange Dream and Root Beer, and it contains naturally-sourced sweeteners like stevia.
Carbonated Soft Drink Market Size, Share & Analysis, By Type, By Product, By Flavor, By Distribution Channel, By Region, Forecast To 2028, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/carbonated-soft-drink-market
For the purpose of this study, the global carbonated soft drink market has been segmented based on type, product, flavor, distribution channel, and region:
By Type (Revenue, USD Billion; 2018-2028)
- Standard
- Diet
- Fruit-flavored
- Others
By Product (Revenue, USD Billion; 2018-2028)
- Soft Drinks
- Sports & Energy Drinks
- Others
By Flavor (Revenue, USD Billion; 2018-2028)
- Cola
- Fruit-based
- Others
By Distribution Channel (Revenue, USD Billion; 2018-2028)
- Convenience Stores
- Hypermarkets & Supermarkets
- Transport Terminals
- Food Service Outlets
- Online Stores
- Direct-to-Consumer
- Others
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By Region (Revenue, USD Billion; 2018-2028)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of the Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Table Of Content :
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Flavor Outlook
2.3. Distribution Channel Outlook
2.4. Regional Insights
Chapter 3. Carbonated Soft Drink Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
Continue…
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