Global Carbonated Soft Drinks Market size was valued at USD 254.32 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 4.7% through 2024 to 2030, reaching nearly US$ 350.76 Bn.
Carbonated Soft Drinks Market Report Overview:
The Carbonated Soft Drinks Market research emphasizes key factors like market share, distributor networks, primary suppliers, evolving price trends, and the raw material supply chain. Anticipated to exhibit notable growth during the forecast timeframe, the global Carbonated Soft Drinks market experienced steady development . With prominent players implementing diverse strategies, the market is poised to witness continued growth throughout the projected period. The Carbonated Soft Drinks Market report provides comprehensive insights to companies, offering a deep understanding of the dynamics within the global industry.
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Market Scope and Research Methodology
Maximize Market Research’s report delivers crucial insights for a diverse audience, including clients, service providers, suppliers, distributors, manufacturers, and stakeholders. The analysis facilitates an in-depth examination of the Carbonated Soft Drinks market. This comprehensive study encompasses data on the changing investment landscape, technological innovations, market trends, and competitive developments.
Key Market Dynamics
Growth Drivers
Rising Demand for Healthier Alternatives:
The increasing focus on fitness and wellness has fueled demand for low-calorie and sugar-free beverages. To cater to this shift, manufacturers have introduced products like zero-calorie and diet colas, which appeal to health-conscious consumers and fitness enthusiasts.
Innovative Product Offerings:
Brands are leveraging innovation by creating unique flavors and limited-edition products, targeting evolving consumer preferences. Products like sparkling water with natural juice and functional benefits have gained significant traction.
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Carbonated Soft Drinks Market Segmentation:
by Flavour
Cola
Citrus
Others
The market is divided into three segments based on flavor: cola, citrus, and others. Over the course of the forecast period, the Cola flavor segment is anticipated to hold the biggest market share for carbonated soft drinks.
Cola-flavored Because of the advantages of being the first to market, carbonated soft drinks currently have a dominant position. Cola-flavored beverages aid in weight growth. The other names for the cola-flavored beverages are soft drinks, cokes, pops, and soda pops.
by Distribution Channel
Hypermarkets, Supermarkets and Mass Merchandisers
Convenience Stores and Gas stations
Food Service Outlets
Online Stores & D2C
Others
Hypermarkets, Supermarkets and Mass Merchandisers, Convenience Stores and Gas Stations, Food Service Outlets, Online Stores & D2C, and Others are the market segments based on the distribution channel.
Throughout the projected period, the distribution channel segment for hypermarkets, supermarkets, and mass merchandisers is anticipated to expand quickly and at a high CAGR. Supermarkets and general merchandisers offer a fantastic shopping experience, which is why many people opt to purchase soft drinks from them worldwide. Modern supermarket chains have sprung up everywhere as a result of urbanization and increased income levels. The mechanism for delivering food and beverages has altered as a result of the expansion of supermarkets and hypermarkets.
by Packaging
Bottles
Cans
Carbonated Soft Drinks Market Key Players:
1.PepsiCo, Inc.
2. The Coca-Cola Company
3. National Beverage Corp.
4. Reeds Inc.
5. Jones Soda Co.
6. Appalachian Brewing Company
7. The Asahi Group
8. Bickford’s Australia Pvt. Ltd
9. F&N Foods Pvt. Ltd
10. Cott Corporation
11. Tru Blu Beverages
12. Suntory Holdings Ltd.
13. Keurig Dr Pepper Inc.
14. Britvic Soft Drinks Limited
15. Postobón S.A.
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Carbonated Soft Drinks Market Regional Analysis:
North America
In 2023, North America dominated the market, holding a 32.7% share, driven primarily by the U.S., which houses industry giants like Coca-Cola and PepsiCo. Flavor innovations and marketing strategies involving partnerships with celebrities have bolstered consumer engagement.
Asia-Pacific
The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, fueled by urbanization, rising disposable incomes, and changing lifestyles. The demand for low-calorie and natural-ingredient-based beverages is rising, prompting companies to focus on health-conscious product lines.
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Key Questions answered in the Carbonated Soft Drinks Market Report are:
- What are the market segments?
- Which production technology is utilized for Carbonated Soft Drinks?
- What trends are driving the market growth?
- Who are the global key players in the Carbonated Soft Drinks market?
- What is the global market status of the Carbonated Soft Drinks market?
- What was volume, manufacture value, price, and revenue of Carbonated Soft Drinks market?
Key Offerings:
- Market Overview: A comprehensive introduction to the market landscape.
- Market Share Analysis: Insight into the competitive positioning of market players.
- Market Size Estimates: Detailed projections based on extensive research.
- Revenue Forecasts: Anticipated financial performance over the coming years.
- Market Dynamics: In-depth exploration of growth drivers, restraints, investment opportunities, and key trends.
- Market Segmentation: A meticulous analysis of segments, sub-segments, and regional performance.
- Competitive Landscape: Overview of top key vendors and other significant market participants.
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